The ASX, S&P and Euro markets are overbought short-term, but dips are bought straight away

Chris Weston

Pepperstone

The ASX, S&P and Euro markets are overbought short-term, but dips are bought straight away. It's no place for shorts in any convincing size, especially if US earnings are potentially showing signs of cyclical sales growth. Markets higher into the end of the year on stimulus assistance, but will need solid global growth once Fed taper in March. Longer-term bullish, with risks...the great thing about being a trader is I can change my bias if price dictates!


1 topic

Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment