Huat La !! S&P break the resistance.

S&P break the reisitance. Today will be the confirmation.

Market Overview - 27/02/2012

I'm still waiting for a decision.

Will Dow Jones Transportation rebound from its support?

S&P at critical junction

S&P at critical junction. Waiting to make a decision. Break up or down?

Patient!! Break Trendline or Break Resistance?

S&P still have not break its trendline. Holding strong.
Patient!! Break Trendline or Break Resistance?

Took partial profit today.

Took partial profit today. 1370 is a strong resistance. 1370 is the highest since 2008. I don't think there is a good reason for it to break and market is extremely overbought. It need to take a break 1st then go up and "chiong" again.

Market Overview - 20/02/2012

Small Huat!!
S&P has went up +8% for this year.
Next resistance to clear is 1370.
No signs of Bear seen.

Testing Resistance 1350-1370 again.

S&P testing Resistance 1350-1370 again.
Im waiting for S&P to break the resistance.
Seems like they need a very good reason for S&P to break it.

Dow Jones Transportation have broken the trendline.

Resistance 1350 - 1370.
Support: Refer to the chart

Something to watch out. Dow Jones Transportation have broken the trendline. A Long Black candle seen.

S&P rallied in the last hour of trading.

** http://www.marketwatch.com/









Watch out for tonight.
S&P rallied in the last hour of trading.

Resistance 1350 is stong level.

Seems like 1350-1370 is a strong resistance.
If manage to clear this resistance, S&P will rally.

Market Overview - 13/02/2012

Resistance: 1350 - 1370

Something to watch out. Dow Jones Transportation has broken its trendline.

"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

Buyers refuse to let the market fall

The chart still shows there are buyers in the market. Refuse to let the market fall. Is a battle between the buyers & sellers.
1) Watch out if S&P closed below 1344.12.
2) Break of trendline.

There is still buyers in the market.

For the past 3 days, S&P drop when the market opens and rebound back.
There is still buyers in the market.

Watch out if S&P close below 1335.60

Profit taking seen last night.
Watch out if S&P closed below 1335.60.

Watch out if S&P close below 1334.00

Profit taking seen last night. S&P still bullish.
Watch out if S&P closed below 1334.00.

Market Overview - 05/02/2012

Oh-Ho. S&P is bullish. Up for 6.8% for Year 2012. How long can S&P stay overbought?

Seems like the post on Projected upsided i mention on 24/12/2011 is coming true. click here

Strong Resistance

S&P facing a strong Resistance, preventing it to go higher.
Watch out if S&P closed below 1320.74.

S&P still maintaining its uptrend.

S&P still maintaining its uptrend, going strong.
No shorting opportunity seen yet.
Let's watch how long can it stay overbought.

Looking for Shorting Opportunity.

Looking for Shorting Opportunity.