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October, a cyclically bottom month, begins with a decline that tends to shrink from hour to hour and leave room for a strong intraday rise.
After 9 months of strong bearish hikes, is the time to buy stocks back? The history of time series bets that the best investment strategy remains to buy stocks.
Where is it worth investing right now? In a medium-long term perspective, it could be possible to focus on the world stock index, and on selected shares with a high dividend with a view to at least 7/10 years.
For those who do not love risk, but do not want to give up yields that could also be very high, they could opt for the purchase of government bonds (for example BTPs) which at this moment have yields of around 4% in a ten-year perspective. .
At 5:08 pm on the trading day on October 3rd we read the following prices:
Dax Future
12,233
Eurostoxx Future
3,342
Ftse Mib Future
20,835
S&P 500 Index
3,661.84.
What could happen from now on?
Is the antithesis between forecast and graph nearing the end?
The trend of the international markets is in blue, while the annual forecast on a weekly scale is in red.
From the 16th of August, the expiry of one of our annual setups, the two lines have started to follow different paths.
Expected trend for the current week
Rebound between Monday and Tuesday and then subsequent decline.
The levels to be monitored to keep the pulse of the situation
Dax Future
Very short bearish trend until we see a daily close above 12.341. Only lasting upside with next week’s close above 12,435.
Eurostoxx Future
Very short bearish trend until we see a daily close above 3.358. Lasting upside only with next week’s close above 3,392.
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Ftse Mib Future
Very short bearish trend until we see a daily close above 20.820. Only lasting upside with next week’s close above 21,390.
S&P 500 Index
Very short bearish trend until we see a daily close above 3.672. Lasting highs only with this weekly close above 3,737.
Where is it worth investing right now?
Still down on the equity markets according to our short-term trading systems. However, there are some bullish divergences that are beginning to “crowd”.
What to wait for tomorrow?
The rebound could continue. A negative closing, on the other hand, would restart strong sales.
Recommended reading
When will the fall on Wall Street of American stock exchanges end?
