Warning: This is not for the faint-hearted folk.
Monday 27 July 2015
The Eurozone Debt Crisis: The next stock market Crash (Part 2/3)
Below you'll find the second part of a three part video on the Eurozone Crisis...
Warning: This is not for the faint-hearted folk.
Warning: This is not for the faint-hearted folk.
Wednesday 8 July 2015
What is going on in China?
That's the first thing I thought about today when I put finger to keyboard.
Unfortunately, though, you need to keep in the loop with what's going on with China's stock market crash. It will have an effect on your trading results.
You see, early on Wednesday, more than 1200 listed Chinese stocks halted. This means well over 40% of the stocks listed in the entire pool of 2,808 issues were affected.
The resulting billion dollar meltdown will affect millions of investors. And things are just getting started.
What you can do to save yourself from the Chinese Bubble
Wednesday, it was the largest trading halt in the history of China’s equity markets. By noon, the Shanghai Composite Index fell 3.9%. That takes it down 16% for a month-to-date loss.
And the same went with Hong Kong’s Hang Seng Index. It fell 4.3% near the afternoon. What’s really worrying is that the U.S- listed Chinese stocks have been falling even faster than the Chinese listed stocks. This sends the signal to investors around the world that the Chinese economy is in a worse shape than we thought it was.
To support this fear, China’s national debt is sitting at $5.2 trillion. And with a population of 1,3 billion, each citizen will have to theoretically pay $3,879 to get the country out of debt.
Things aren’t looking good for China…
So today, I’m going to address all of your questions you have on the current Chinese crisis and what you can do to protect your trading account.
I trust these questions and answers will help you make wise decisions for how to tackle the markets with the Chinese Bubble bursting as we speak.
Your questions answered:
Are commodities a safe haven while China’s situation worsens?
If there is such turmoil in the markets with Greece and China, should commodities like gold not be seen as a safe haven?
Click here for an analysis on the gold market since 2011.
Is there any reason for investors to get involved with China?
Does China make a good investment destination? Are there any reasons to believe stocks will do well there?
Find out here
How can I invest off-shore!
What’s involved if I want to take my money offshore to invest? How do I do it and what are the limits?
Read here for an easy way to save yourself from being restricted
I need to take my money offshore while China's stock market crashes!
How do I open an offshore account?
And that's it for this week's mailbag, thank you and ASK AGAIN!
And always remember, "Wisdom yields Wealth".
Timon Rossolimos
So today, I’m going to address all of your questions you have on the current Chinese crisis and what you can do to protect your trading account.
I trust these questions and answers will help you make wise decisions for how to tackle the markets with the Chinese Bubble bursting as we speak.
Your questions answered:
Are commodities a safe haven while China’s situation worsens?
If there is such turmoil in the markets with Greece and China, should commodities like gold not be seen as a safe haven?
Click here for an analysis on the gold market since 2011.
Is there any reason for investors to get involved with China?
Does China make a good investment destination? Are there any reasons to believe stocks will do well there?
Find out here
How can I invest off-shore!
What’s involved if I want to take my money offshore to invest? How do I do it and what are the limits?
Read here for an easy way to save yourself from being restricted
I need to take my money offshore while China's stock market crashes!
How do I open an offshore account?
- How do I buy stocks overseas?
- How do I receive dividends when I buy offshore stocks?
- Which broker is the easiest to deal with when I want to go offshore?
- How long does it take to open an offshore account because I'm worried about having my money trapped in this country when there is a Chinese stock market crash as we speak!
And that's it for this week's mailbag, thank you and ASK AGAIN!
And always remember, "Wisdom yields Wealth".
Timon Rossolimos
Don't forget to like these two pages on Facebook for awesome trading tips and Facts about everything!
When Greece says NO to the Big Three (Troika), you say NO to the Big Five (Banks)!
We had a very nerve wracking weekend, with the chaos going on in Europe.
The people of Greece voted in a referendum to determine whether they want to accept the current bailout offer (Yes –ναι - NAI) and implement austerity measures, or to say NO (οχι - Oxi).
Well the referendum showed 61.31% of the Greeks saying NO to austerity. And 38.69% of the people saying YES.
And so the people believe that to get out of their debt crisis, they don’t need the other banks and institutions to help them out.
And by other institutions I mean Troika. (Which I’ll explain to you in a bit)
And so today I want you to know exactly what is going on and how it will make an impact on your trading.
How the YES or NO decision will make you a killing on the banking sector!
Troika to put it simply, it comes from the Russian word тройка, which means “Set of three”.
Basically when we talk politics - Troika are the tripartite committee which is led by the EC (European Commission), ECB (European Central Bank) and the IMF (International Monetary Fund.)
These parties are the ones that organised the loans to the governments of Greece and the other PIG nations.
Now the majority of the people are saying OXI – NO, to this option.
And to throw a spanner in the works, the finance minister (Yanis Varoufakis) stepped down from his position on Monday 6 July 2015.
And so the outcome?
Well the JSE on Monday was down just under a percent, the Japanese market was down 2%. But that’s not the problem.
The problem is our banking index!
In the last three months, the JSE-Banking index fell over 8%. This started when it broke a very strong support level in early May.
Take a look here so you can see what I mean.
___________________________________________________________________
The banking index was drifting on a strong support line (Diagonal black line) since November 2014. But in May 2015, it broke below the level at 81,535 which was the be all or end all for the banking sector.
This was also the time where Greece was in the media and there were talks about the potential Grexit.
Once it broke below, I told my subscribers that the next target was 74,531. This was based on the movement on an inverse cup and handle chart.
Once it bounced off that level, it showed a new resistance. And that's the horizontal black line you can see above at 80,000 points.
Lately, the market has been moving in a sideways trend, which shows that the uncertainty in the banking sector is growing strong. And this could lead to another collapse in the banking sector.
If this is the case, we could see its next target to 72,000.
“Wisdom Yields Wealth”
Timon Rossolimos
Timon Rossolimos
Don't forget to like these two pages on Facebook for awesome trading tips and Facts about everything!
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