The benchmark is not the index. Quick illustration of benchmarks and indexes not being the same.
The MCHI passive ETF tracks a different index that is supposedly also the Chinese index and it is interesting to see that there is quite a big difference in performance.
YTD we have -9.84% for the classic index VS -15.58% for the index that your BlackRock ETF is tracking (the MSCI China Index).
To me this YTD difference is huge. 🤯
This is a good lesson for people new to investing, pay attention to the benchmark the ETF you bought is following because in markets like these the performance mind be very different compared to the index that is usually shown on the news.
As Bogle used to say Caveat Emptor .
Blackrock
Blackrock showing a correctionIt seems that there is some fear in the markets. That is why many investors choose to be in a selling possition.
After seeing the RSI and stochastic it is quite clear that the price is touching "oversold" values. Needless to say that there is a kind of trend in the indicators showing that the price will decrease a little bit more.
In addition, considering the complex scenario of the current market, I think that one possible buy zone will be the first resistence line. But if we see the pattern of the stock it seems to decrease until 400 aproximately.
Thanks for reading guys!
Prolonged - Drawn Out Bear MarketBlackrock stock looks a lot like bitcoin in 2018 when it made its first dead cat bounce in the beginning of the bear market after its parabolic euphoric rise in late 2017. Everything here looks terrible and I think we make a prolonged correction with a strong bottom in a few years. Could be a good investment at that time.
Blackrock Inc. clear longer bias with new weekly demand levelsBlackrock Inc. clear longer bias with new weekly demand levels being created. Price has not pulled corrected for months hence no retracement to buy setups at weekly demand imbalances created around 526, 481 and 424 price areas respectively. Long term long bias at weekly and monthly demand zones with new demand imbalances being created and respected.
Bitcoin - Price Target Update Price dynamics have changed. Now the price target for bitcoin bubble burst stands @7000 (+/-400). Time target is still the same - 3rd or 4th week of November.
Few times Buy&Hold becomes in the best strategy BLK one of themWe know pretty well NYSE:BLK Black Rock is one the best companies in the world, but even mesmerizing when you see there's no roof for it.
So, few times Buy and Hold is the best strategy for any real investment, not speculative.
Tomorrow is an earning reporting day, do not why, but I would be slightly bearish.
Have a Good Trading Week.
BlackRock - Longterm LongA normal person never heard of BlackRock, but BlackRock could be more useful then we think. I like the BlackRock Share and here is why, I think it will go long.
Update on "Riding $BLK from support to resistance"Have added support floors and resistance ceilings. Noteworthy, BlackRock has clear historical resistances that all consecutively became supports after breaking through. For your review: 285, 322, 337.5, as well as current support of 361.5 and resistance of 380. BlackRock has already outperformed all Too Big To Fails YTD, and I believe the trend to continue due to both technical and macroeconomic factors. If plays out, the next support for $BLK is 380, and it could easily touch 400. I'm long $BLK, with 400 PT.
Tell me what you folks think.
Time To Abandon Preconceptions on Gold and the Dollar?Historically, gold and the US dollar move inverse of each other. Time to abandon this preconception?
The US dollar is going strong, but is it time to change the preconception that a strong US dollar is automatically bad for gold? Perhaps. The inverse relation has historically occurred, but in times of uncertainty, the inverse breaks and gold typically remains on top.
BlackRock’s Russ Koesterich, CFA, gives the inverse relationship the benefit of the doubt in Market Realist’s “Why Gold and the Dollar Move in Opposite Directions.” Koesterich goes to say that a strong dollar is bad for gold because it makes the commodity more expensive – this is true in relation to gold priced in any currency. The article also points out to the assumption that the Federal Reserve “may” raise rates, which is also is positive for the dollar, bad for gold. Conversely, this is one of the reasons I believe the Fed won’t raise rates. Deflationary pressures will continue to raise, and that is opposite of the Fed’s intentions.
Under normal circumstances, the inverse relationship of the two make sense. However, this is a time in history not seen before. Central banks are omnipotent, and their modus operandi is currency debasement. Gold priced in euros just reached a 21-month high, following the European Central Bank’s quantitative easing announcement; and gold priced in yen has been an amazing trade during the Bank of Japan’s kamikaze monetary policies.
But, the dollar is rising, not falling, right? True. The question is not why gold should fall given the strong dollar. The real question is “why is gold not falling given a strong dollar?” It’s simple: gold is a central bank hedge. The ultimate currency hedge.
Furthermore, the performance of the dollar – although not new – is not normal. Up over 20 percent since the parabolic move first began, these moves are often foreshadowing destruction of capital which quickly follows. In “US Dollar Rally: The Beginning of the End,” I outlined three previous times the dollar rose by at least 20 percent: 1988-89, 1999-2001 and 2007-9. Each move was followed by double-digit declines of at least 16 percent in the US dollar index. In addition, the last two descents took equities down with it – the “tech bubble” and the “Great Recession.”
Omens are lurking as the dollar and gold relationship is mirroring that of 2008.
In the above mentioned article, Koesterich presented a graph showing gold and the dollar. Notice January’s decoupling of the US dollar mirrors that in January 2010, following the Fed’s implementation of quantitative easing. So, is more easing from the Fed coming? Likely, and it’s more likely than a meaningful rate hike by the Fed.
Gold rose significantly in the dollar collapse in 2000-01 and 2007-09. During the Great Recession, gold was further boosted by the Fed’s ill-fated QE attempts. You do not need inflation for strong gold gains, you just need central banks to remain in business.
It is important to rethink common ideologies on investing because markets are dynamic and ever-changing.
This is why both fund managers and retail traders are slaughtered in epic market collapses. They fail to evolve along with financial markets, continuously trying to fit the round peg in a square hole with the square peg in plain site.
bullion.directory
Link to "US Dollar Rally: The Beginning of the End" bullion.directory
Blackrock (16.07.2014) Technical Analysis TrainingThe Blackrock (NYSE:BLK) Daily Diagram Technical Analysis Training shows the following:
The BLK share has made a long term consolidations in a symmetrical triangle from Feb 2014 (blue lines). Finally the share breaches the up side of the triangle and moved up. All this have happened above the KUMO, which means that the BLK is bullish in long term. The weekly diagram shows bullish trend. The monthly is overbought.
So the first think in mind is long for BLK but today (16.07.2014) MACD must give a long sign. The volume is moderate.
As it concern the candlestick pattern it shows a reversal hammer (like shooting star) but we have to wait the close hour. The share is above the KUMO and above the Kijun Sen (blue line) too. Today the share fight with the Tenkan Sen (light green line) support.
There is no special pattern.
If the share does not brake the TenKan Sen down and MACD gives a buy signal then more long movement is ahead. Otherwise we may have a correction to Kijun Sen Support at 319 for a the starting of a new uptrend.
