NOW FOR THE FINANCIAL MARKETS. I ONLY COVER MOSTLY NORTH AMERICA. The sources are yahoo finance, google finance, Bloomberg and Reuters.
The S&P 500 closed at 2022 after gaining 0.15%. This means it is basing so do not sell or buy. Always keep an eye on the S&P as it is a major market driver.
The Dow closed at 17515 after gaining some 0.02%. This is also basing so people will be taking profit out. I would not go short this market. I would wait a bit to go long after the profit takers push the prices down.
The Nasdaq closed at 4655 after a gain of some 0.44%. This one is interesting. I think the techs are holding it up. I suggest that you do not go long or short. Black Berry helped the Nas a lot but we know where that one is heading.. I would take out my profits at this point.
Had I been a robot, I would be working for this one. Big Blue Q4 profits easily top estimates, sales miss
IBM 156.95 -0.19 (-0.12%)
I HAVE A CONFLICT OF INTEREST WITH OIL SO I WILL NOT COMMENT.
The FTSE 100 closed at 6620 after an impressive gain of some 0.52%. I think the markets are going bullish. Do not short or you will pay with margin calls.
The DAX closed at 10,257 after a gain of 0.14%. I have been mentioning that the markets are basing for either an upward swing or a downward fall. I am of the opinion that the markets are going to shoot up. Beware, do not short this market.
Please note that I am not a Financial Advisor or Investment bank. I analyse markets for fun. I am usually quite accurate though. You should read my market analysis for the last 2yrs. I work in IT, not the financial industry.
Martha Leah Zesaguli (Nangalama)
Born and Raised in Uganda (Bududa District)