TheRealPeaches

Dow Jones: Reflections Of A Bear

OANDA:US30USD   US Wall St 30
I don't like being bearish . I'm an optimist by nature and like to see things rising. It also says something about my journey as a trader, as I started investing in 2008, at the feet of the financial crash, so I'm used to buying dips and riding upwards.

Yet, I find bear opportunities plentiful in forex - EURUSD             , GBPUSD             , AUDUSD             . I'm also bearish commodities like Gold             , Silver             , Copper             and others. I'm bearish Emerging Market funds, such as EEM             , the London housing bubble via SVS, and of course, cryptocurrencies BTCUSD             , ETHUSD             , LTCUSD             and so on.

With so much bear bias, it leaves me questioning my bearishness in equities. But when I see potential head and shoulders formations in DAX             , for example, and other technical formations that threaten downside breaks, such as the Nikkei and EuroStoxx, it's difficult not to bring a bearish bias to US equities.

Yet, for now, the market is telling us it wants to move higher. The dip last week was well bought, producing a further rally. We could be looking at a further consolidation for a few months, before moving higher. I do not see a reason to short this market. Only a sustained move below trendline support would shift my bias.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out