The Secret Passage To Financial Freedom

Will S&P close GREEN or RED for Year 2011?

Stana give me a call last night to tell me that he have left the market. I have close all my LONG position. Watch out if S&P closed below 1248.59. More selling will come if s&p closed below 1248.59.

S&P closed flat after 4 days of rally.

S&P +0.9%. Have you got your xmas present from Santa? I received it. S&P have broke thru the symmetrical triangle. Resistance : 1285 & 1300 Above is the projection upside of S&P. Possible? I don't know. Just trade according to the chart. Mr Market will tell us the answer. ************************************************* FOLLOW THE TREND - GREEN OR RED *************************************************

S&P hit resitance. Sunday is Christmas. Let's watch whether it can break the 2 resistance with the help of Santa Claus. Long Small position click here  and Short Big after the xmas rally (if any) or it fail to break the resistance. Remember to book your profits along the way. Xmas Wish: I hope Mr Market can rally high high then I can short big big. Watch out if S&P closed below 1238.31 tonight. Disclaimer Applied.

S&P closed flat +0.2%, dragged down by NASDAQ. Still maintain the uptrend. Watch out if S&P close below 1229.24 tonight. FOLLOW THE TREND - GREEN OR RED

S&P rallied. Closed at 1241.3, +3%. If you have follw my blog, you should have go LONG (small Position) by now.  I mention in my previous post "Watch out if S&P closed above 1226.15 tonight." click here Santa Claus is in Town. Long SMALL position as there is 2 more Resistance on chart.

HUAT! S&P down another 1.2%, closed at 1205.35. S&P will be support by 1180 - 1200. There will be a rebound soon. Watch out if S&P closed above 1226.15 tonight.

S&P still downtrend. On Thursday and Friday, market tried to rebound ( upper tail seen) but failed. Shortist be careful. 1) Technical rebound seen on thurs and fri. 2) Christmas coming. Santa Claus is coming to town. I believe the market will pull back to the support trendline then rebound for christmas rally. FOLLOW THE TREND - GREEN OR RED Disclaimer Applied.

S&P closed 1215.75, +0.3%, loses steam when it open positive last night. S&P still downtrend. Watch out if S&P closes above 1227 tonight.

Be careful if S&P close above 1233 tonight. If closed below, it will still be shorting.

Last night, there was a technical rebound up to 1249.86 but failed in the end. Closed at 1225.73. Huat to those who have hold their shorts last night and since last week. I'm still holding to my SHORTS as long as it does not break the trendline. But the downside is limited. Support is around 1180-1200. Remember to book your profits along the way. That is my way of trading. Feel happier and less stress about the "noise" in the market like last night. Please share with your friends if you have benefit from my blog. Thanks!!

S&P pull-back as expected. Remember to book your profits along the way. Please share with your friends if you have benefit from my blog. Thanks!!

Market is bullish in short term. Refused to come down. "Ding-Dong" for one week. S&P had hit its resistance again. Pull-back is possible. I would prefer it to pull-back, to form a Higher Low then rally up for 2011. If want to Long, wait for pull-back or resistance is break.

S&P finally broke the trendline. Resume it falls. Will it form a HIGHER LOW?

  Mr Market still refused to come down. Insisted to wait for Santa Claus to come to town.

 The knives are not sharpen enough. Mr Market refused to come down. We may have a early Xmas present from Mr Market.

Upper tail seen. There is selling pressure when it approaches the resistance. Watch Out!!

Time to take your profits. Put them in your pockets first and enjoy your weekends. S&P have hit its resistence. S&P will be going down next week. Disclaimer Apply.

S&P rallied 4.3%, +51.77 points. HUAT BIG TIME!! Be careful. 1) S&P coming to the next resistance. 2) Watch out for profit taking as S&P have go up 7.4% in 3 days. I believe the market will pull back slightly first then CHRISTMAS RALLY. Let Mr Market tell us the answer.