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Trend Trading & Index Investing Vision, July 2009

 

June showed a mixed result for the stock market indices covered by BuyOrSellFunds.com.

Four of the eleven indices were up compared to end of May: the Asian Hang Seng, Nikkei and Shanghai Composite indices. Also the Nasdaq was up. The other American indices Dow Jones and S&P 500 were flat or slightly down. The European indices AEX, DAX, CAC and FTSE and the Indian BSE were down for the month.
 
Ending June, the Asian indices (HSI, NIKKEI, SSE) got a “buy” indication from our methodology. He SSE got together with the BSE also a “sell” warning since they have been increasing so much during the previous months.
 
The American indices S&P 500 and Nasdaq also received a “buy” indication based on their performance during the previous months. The Dow and the European indices all are on “hold”.
 
Based on our methodology we have a vision that the markets will continue to increase during the coming 3 to 6 months and we believe that any current correction is a temporary one and no reason to sell for investors with an investment horizon of several months. Investors in the SSE and BSE could consider some profit taking since these indices have increased a lot during the last few months.
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