Selling pressure seen. Might be profit taking. S&P rebound once it hits 1300.
Long is at a higher risk. Short will need confirmation tonight.
Trade safely.
Tuesday, 31 January 2012
Market Overview - 31/01/2012
Selling pressure seen. Might be profit taking. S&P rebound once it hits 1300.
Long is at a higher risk. Short will need confirmation tonight.
Trade safely.
Sunday, 29 January 2012
S&P is due for correction soon.
S&P still maintaining its uptrend.
S&P is extremely overbought. Is due for correction soon.
Trade safely.
Friday, 27 January 2012
Thursday, 26 January 2012
Market Overview - 26/01/2012
1. WASHINGTON (MarketWatch) — The Federal Reserve on Wednesday pledged to hold interest rates low until late 2014, a move that surprised markets and showed the central bank is still worried that economic growth is at risk of faltering.
2. The Fed opened a new era of transparency, releasing for the first time the projected path of rates by its 17 members and set a specific inflation goal of 2%. But it was extending the timing of the first rate move that overshadowed all the moves.
click here
Watch out if S&P closed below 1307.4.
Wednesday, 25 January 2012
Market Overview - 25/01/2012
S&P closed flat again, -0.1%. Sharp drop in the opening then slowly pick up.
Look likes S&P refused to goes down.
Watch out if S&P closed below 1305.9.
Tuesday, 24 January 2012
Indecisive to go up or down.
S&P closed flat. indecisive to go up or down.
Happy Chinese New Year. Enjoy your day!!
Saturday, 21 January 2012
Have you gotten your ANG POWS from Mr Market?
Wow. S&P have gained 4.5% for 1st 3 weeks of Year 2012.
Have you gotten your ANG POWS from Mr Market?
Market is BULLISH.
Rememer my post on Dow Theory on the 01/01/2012. I mentioned that if resistance is break, market will be bullish. click here
Projected upside i mentioned on 24/12/2011.click here
Market is overbought. Time to take profits!!
Friday, 20 January 2012
Thursday, 19 January 2012
Market Overview - 19/01/2012
Finally broke resistance 1300. Today will be the confirmation.
Watch out if S&P closed below 1290.69.
If you have been following my "watch out" level, you should have earn quite a fair bit of profits in year 2012.
Huat to everyone.
If you have benefit from my blog, please share it with your friends.
Wednesday, 18 January 2012
Sunday, 15 January 2012
Market Overview - 15/01/2012
S&P hits euro zone with downgrades. France loses triple-A, Italy, Spain and Portugal cut by two notches. click here
Take Note:
1. Selling Pressure seen on friday although S&P able to close above 1285.48. click here
2. Resistance 1300
3. S&P is overbought
Friday, 13 January 2012
Thursday, 12 January 2012
Wednesday, 11 January 2012
Tuesday, 10 January 2012
Sunday, 8 January 2012
Market Direction still unclear.
S&P rallied +1.5% on the first day of 2012 then flat thru-out the week.
Market direction still unclear.
Friday, 6 January 2012
Thursday, 5 January 2012
Wednesday, 4 January 2012
Market Overview - 04/01/2012
Watch out for the break of resistance.
A rise in the Dow Jones Industrial Average must be "confirmed" by the Dow Jones Transportation Average in order for the rise in the market to be sustainable. Dow Theory
Sunday, 1 January 2012
Dow Jones Transportation. Let's HUAT in 2012 together!!
Dow Jones Transportation.
Break resistance means bullish. Break trendline mean bearish.
Happy 2012!!
Let's HUAT in 2012 together!!
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