Ian Woodward's Investing Blog

Stock Market: In “See-Saw Marjorie Daw” Mode

Today the Tom-toms are beating loudly to the downside, so I am writing this at 12.00 noon before the Market closes to give you my perspective on today’s action:

See-Saw Picture

Here’s the snapshot of the Market Indexes which have taken a -1% dip today:

See-Saw Indexes

If the market remains down >-1% at the end of the day, here is what to expect in our favorite Buckets View:

See-Saw Pat

My featured view and perspective in last Week’s Newsletter issued on the 15th January, shows what I expected was in store for us sooner rather than later, and today seems to be the start of nasty things with the shot across the bow.  We should expect at least a -4% down on most Indexes from their highs for starters:

See-Saw Nasdaq

The one saving grace from today’s action is that NFLX delivered an excellent Earnings Report and is hope for the Rally to continue!?

See-Saw Canaries

Stay alert and nimble!  Best Regards,

Ian.

 

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Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.