Thursday 8 October 2015

Samurai Summary: Top Tweets 08/10/2015

With equity markets starting October in great fashion I couldn't help but feel that the recent rally may be reaching the full end of things for now. I'd expect a pullback to retest breakout points but things really look like they working up towards the year end.

We saw the S&P 500 go to the within a whisker of 2000 only to retrace back making bulls feel a little more uncomfortable and bears sharpening their knives but whether we head back down is another question altogether as the bears would need to go through some impressive moves shown off by the bulls in under a week which I really can't see as likely but hey who knows.

When it comes to statistical analysis I always go for Ryan Detrick's content, really great stuff. So in saying that market's may be steady we must note that October is the most volatile month for stocks but that doesn't necessarily mean there's a crash on the way, it's up or down. So far we've seen a dash out the gates for the month of October, but we still have a few more trading sessions to go.

 Ailing platinum producer Lonmin Plc saw its share move by massive amounts as a deal between Sibanye Gold and Aquarius Platinum to buyout the entire platinum miners share issue prompted investors to reassess their recent skittishness in the platinum sector. The thinking behind the idea is that there are pockets of capital waiting in the wings to snap up these distress companies in the hope of seeing better days when the commodities price turn up again.

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