Santa Claus is in Town.

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! Down another 1.2%!!

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.

Market Overview - 18/12/2011

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.

Watch out if S&P closes above 1227 tonight.

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.

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

HUAT again!

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!!

Remember to book your profits along the way.

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!!