Berkshire Hathaway Inc

Year to date returns: 1.8%

Heading towards all time high resistance: 2135

Support Level: 2070

Berkshire Hathaway Inc. 
No need me to explain to you more about this stock. 
Berkshire Hathaway Inc is a good fundamental stock. It is as good as a index. 

Position Trading. 

Disclaimer applied.

If you don't find a way to make money while you sleep, you will work until you die. - Warren Buffett

Where does all the bears go?

Where does all the bears go?

Where are all the posts that call for stock market crashes?

S&P 500 went up 1.81% last week. 

Support Level: 2040

Everybody is calling themselves financial gurus, but how many are there are true professional?

Same Chart Same Line.

Same Chart Same Line.
Small tail seen on the last candle. 

Support Level: 2020

Do you think I have crystal ball at home?

S&P 500 went up 1.4% last week.

broke 1st resistance. now waiting at 2nd resistance obediently.

Why it stop just nice at the 2nd resistance? 

1) Do you think I have crystal ball at home? 
OR
2)Do you think stock market is manipulated?

You should have already figure out the answer.

What you lack of is a SYSTEM to tell you 
what to buy and what to sell, when to buy and when to sell.

Only few people who dare to buy during the last August and January correction.
look here and here.

These are money making opportunities. Easy Money. 

Miss it & you will regret it. 

Support Level: 2020

1999.99. Nice number.

Approaching 2000 psychology level. Last Friday close 1999.99. Nice number.

S&P 500 forming similar pattern during last August correction.
Double bottom pattern,

Correction is a time to buy. These are EASY MONEY to make.

Miss it & you will regret it.

People see RED, they feel scared. When I see RED, I see ANG POWs dropping from the sky.

http://mmltrader.blogspot.sg/2016/01/people-see-red-they-feel-scared-when-i.html

I put my money where my mouth is. 11% in 2 months !!

http://mmltrader.blogspot.sg/2015/10/i-put-my-money-where-my-mouth-is-11-in.html

Buy Buy Buy or Bye Bye Bye?

Question:

What is the most important subject to learn in school?

Answer:

To learn how to use ruler and pen to draw straight lines.

S&P 500 broke 1900 support (red line) shortly after my previous post. 

one more critical support level is around 1750 (blue line). 

However, buying pressure seen on last Wednesday. Rebound strongly on Friday, up 2%. 

Market reversal? Buy Buy Buy or Bye Bye Bye?

A lot of gurus are calling for a recession, stock market crashes, bear market etc....

Do you believe them?

People see RED, they feel scared. When I see RED, I see ANG POWs dropping from the sky.

China market was halted for 2nd time this week.

S&P 500 closed below 2000 yesterday.

Next support level: 1900 ~ 1920

This selling will be another making money opportunity for me.
Mr Market has been kind to me. Read this.

Miss it & you will Regret it !!

People see RED, they feel scared.
When I see RED, I see ANG POWs dropping from the sky.

MARKET SENTIMENT - Have you board the boat yet?

Have you board the boat yet?

I am one of the few who call for buy on dips during the last correction in August. 

Read this, this, this & 11% in 2 months !!.

http://mmltrader.blogspot.sg/2015/08/market-sentiment-24-august-2015.html
http://mmltrader.blogspot.sg/2015/08/market-sentiment-31-august-2015.html
http://mmltrader.blogspot.sg/2015/09/s-500-1st-support-level.html
http://mmltrader.blogspot.sg/2015/10/i-put-my-money-where-my-mouth-is-11-in.html

June 2015, my short term market sentiment had changed from "bullish" to "cautious". Read THIS.

http://mmltrader.blogspot.sg/2015/06/market-sentiment-7-june-2015.html

Market went into correction in August. Does this happen by chance?

TODAY, my short term market sentiment had changed from "cautious"  back to "bullish".

Are you going to board the boat this time?

If you have miss the opportunity to buy on dips in August. This will be your 2nd chance to buy.



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Long Term:

Don't Keep Me a Secret. 
Share with your friends if you have benefit from my blog.
Sharing is Caring.

Market approaching resistance

Approaching resistance. S&P 500 have went up for consecutive for 6 weeks.
based on the chart, these 2 weeks will be very important. 

The good fundamental stocks i have scanned out last week are at their resistance too. Waiting to break out while want to price in the interest hike in December as last Friday, US jobless rate drop to 5% and US economy add 271k jobs in October. 

MARKET SENTIMENT - 31 AUGUST 2015

Many are caught surprised by this speed of correction. 

China have tried few measures to stop the bleeding, like cutting interest rate and China is going to use its pension fund to invest in the stock market for the first time. The pension fund would be $313 billion. 
WOW!! how many ZEROssssssss are there.

Mentioned in my previous post. I said that i saw this correction as a golden opportunity to accumulate. 

I hope you have bought some good stocks to keep. 

Miss it & you will REGRET it !!

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 Market Sentiment

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Long Term:

MARKET SENTIMENT - 24 AUGUST 2015

Broke down from the trendline and support level 2000. 

woes from china and Fed not going to give a FIRM answer whether to increase the interest rate next month. 

Double Combo from Mr Market. 

I see this drop as a golden opportunity to accumulate some good stocks. 

Looking for "V" shape pattern!! 

Buy on dips!!!

Be greedy when others are fearful.

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Market Sentiment

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MARKET SENTIMENT - 17 AUGUST 2015

Support Level: 2055

on wednesday 12/08/15, S&P 500 went down to low 2052 (support level) then it retracted backed (long tail) to 2086. 

Long tail means there is buying pressure in the market.

US is still standing strong. Asia markets eg, China, Hong Kong, Singapore is having correction. What does this means? Stock markets is having SALES. 
Is time to look at your shopping list. 

Be Greedy when Others are FEARFUL !!

NOW is the BEST TIME to look at your shopping list. 

Miss it & you will REGRET IT !!

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MARKET SENTIMENT - 10 AUGUST 2015

Support Level 1: 2080
Support Level 2: 2055

take note this is SPY. Friday candlestick tell us that there is buying pressure when it approaching the trendline. 
 
still trading inside the channel. waiting for break out from the resistance. 
Market is staying sideways to see whether the fed to increase the interest rate next month.

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MARKET SENTIMENT - 3 AUGUST 2015

Support Level 1: 2080
Support Level 2: 2055

Well-supported by the trendline. Hopefully it will break out from the resistance if not this will continue till sept/oct. 

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MARKET SENTIMENT - 27 JULY 2015

chart only updated till thurs. fri closing price is 2079.65. 

Support Level 1: 2080
Support Level 2: 2050

 

http://www.marketwatch.com/story/here-are-the-staff-forecasts-that-the-fed-accidentally-leaked-2015-07-24?link=MW_home_latest_news 

Based on the Fed rate projection, 2% ~ 2.5% is a figure we should look out for.

When Fed rate hit 2%~2.5%, Mr Market will need to have some counter measures, eg going into "recession mode", if not the economy will be having hyper-inflation. 

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Market Sentiment

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MARKET SENTIMENT - 20 JULY 2015

Now is back to old boring sideways range. Mr Market must break above the resistance and go back into the trading channel. 

Greece drama is over. I had been emphasized that the BB is using the media to create fear in the market. 

You should have made some kopi-lui if you have been buying on dips. 

Be greedy when others are fearful. - warren buffett 

Some readers have asked me that why I am so confident that the market will not crash due to the Greece and China issue.

Cos I don't see any bears around for the next 1 - 2 years. Both fundamental and technical analysis told me that Mr Market is not due for a market crash yet.

It is the knowledge and my system that gives me confidence to stay invested and keep buying on dips.



Support Level 1: 2100
Support Level 2: 2050

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MARKET SENTIMENT - 13 JULY 2015

See how the BB use the media to create fear in the market.
Just not long ago, the Greece issue is all over the media. Creating fear in the market.

Now they said they are not exposed much to Greece. 
http://www.channelnewsasia.com/news/business/singapore/singapore-s-exposure-to/1964476.html 
http://www.marketwatch.com/story/greece-buys-hardly-any-stuff-from-us-anymore-2015-07-07?dist=countdown&link=sfmw_fb 

So what is the focus for this week?
http://www.marketwatch.com/story/eurogroup-ends-meeting-with-no-agreement-will-reconvene-sunday-2015-07-11?link=MW_home_latest_news

What about China?
3 trillion is wiped off Chinese shares in 3 weeks and that is 700% more than Greece's total debt. 
Suddenly Greece issue seems so small.
http://www.bbc.co.uk/news/business-33438416?ocid=socialflow_facebook

What is the lesson learn over here?

Never listen to the media. or ME.
Trade or invest based on the chart.
The chart said buy, you buy.
The chart said sell, you sell.
 
The media said BUY, you buy, prepare to say:
GOOD "BYE".


Support Level 1: 2075
Support Level 2: 2045

These 2 support levels is critical. you can see that s&p 500 went to a low of 2044 then closed above 2075.
and i also mentioned that s&p 500 have to close above 2100. 
2100 is a important level to watch. 

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Market Sentiment

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Long Term:

 

MARKET SENTIMENT - 6 JULY 2015

Still the same old story. 
This time is Greece referendum. 

Support Level 1: 2075
Support Level 2: 2040

2075 seems to be a strong support. went down on monday then slowly climb up. 
S&P 500 need to go above monday's candle 2100. 
2100 is a very important level to watch. 

BB are using the media to create fear in the market. 
Never listen to the media. or ME. 
Trade or invest based on the chart. 
The chart said buy, you buy. 
The chart said sell, you sell. 

The media said BUY, you buy, prepare to say: 
GOOD "BYE".
 
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Market Sentiment

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MARKET SENTIMENT - 29 JUNE 2015

chart not updated. 
Friday candlestick is a doji. meaning indecisive. 
the media is all about Greece. one moment good news. one moment bad news. 
if good news, then problem solved. market will rally from here. 
if bad news, the market will drop. then we can buy cheaply. 

good news bad news. all the same to me. 

Support Level 1: 2075
Support Level 2: 2040

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MARKET SENTIMENT - 22 JUNE 2015

Greece considers last-ditch proposals to avoid collision with bailout creditors.

click here.

学投资，不再走“薪”酸路。

Tired of watching this drama everyday. Media always want to create fear in the market. So that they can enter the market at a lower price.

 

Support Level 1: 2075
Support Level 2: 2040

 









US dollar should have topped out @ 100, forming descending triangle. if it goes down from here, it will benefit US market.




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