Market Overview - 21/05/12

Bingo!! Have you shorted last week? Any rebound will be shorting opportunity.
Refer to my previous post. market overview 140512
Disclaimer applied.

Market Overview - 14/05/12

Sell in May and Go Away. Im looking to short once it break its support.
Disclaimer applied.

What does last 2 candlesticks tell you?

What does the last 2 candlesticks tell you?

Lower tail seen

Long lower tail seen. There is buying pressure last night. Still waiting patiently.

Waiting Patiently

Waiting patiently for signal to Long. Waiting patiently.

S&P down -2.4% for last week.
Sell in May and Go Away? Let see what happen this week. Is good for a correction then I will have more "meat" to Long if correction comes.

Testing Resistance 1423 again

S&P going to test its resistance 1423 again. There is a upper tail meaning there is a selling pressure when approaching resistance.