August 31, 2009

Good morning all. Today is the last day of August. As I write this post, the premarket is pointing down. Last Friday, I pointed out that QQQQ will hit 40.05. If it does, it will retest 39.80. Watch for the first 30 minutes action play out after the market opened. If the market opens down 50 to 80 points and quickly fall more than 100 points, the market will closed more than 100 points. If it doesn't, it will try to close the morning gap during the intraday.

August 28, 2009

Watch out for one of the 3 scenarios play out today.
1. Open higher in the morning, close the morning gap, close in the negative territory. This action could be the opposite of yesterday.
2. Open higher in the morning, close the morning gap, close where its open. The bears and bulls are still continue to fight.
3. Open higher in the morning, continue to go higher and form a white bar. It could signal a breakout from here.

August 27, 2009

Sorry for the late post this morning. I had a long meeting. Anyway, QQQQ had hit our target at 39.90 and even exceeded it. It went down to where pre Bernanke's speech last Friday. So we wasted 4 days because of the speech. Like I said in previous days, I believe the speech was an outlier data. The beauty of this morning action of pullback is that there is no gap to fill. It means that the last 3 previous days could signal a top for the market.

August 26, 2009

Finally, the market will probably open flat today. This week action is very critical for the market.
The VIX is at 0 level. If the VIX crosses above 0, the market could go down. Also the gold market is at the 940ish. Another important area for the gold. I still believe QQQQ will still hit 39.90 area. It needs to go back down to the level of pre Bernanke's speech.

August 25, 2009

Good morning all, it seems like the market will open higher this morning. It probably will retest the yesterday high. One of my posts from yesterday stated that SPY could have a shot to hit 103.60.
If there is gap this morning, watch for it to close again like yesterday.

August 24, 2009

I reviewed the market last week action over the weekend. Most investors are expecting a breakout from here. Personally, I believe the last week action was "dead cat bounce". We are looking for QQQQ to hit 39.90 either today or tomorrow.

August 21, 2009

Today we are looking for the QQQQ target to hit 39.07 either today or next Monday. This morning I crunched the number again. There is a possibility that QQQQ could hit 39.96 to 40 first before it reverses down. There is some thing watch. Yesterday one of my posts stated that QQQQ could hit 39.96. We'll see.

August 20, 2009

Good morning all, we are looking for QQQQ target at 39.76 today. Sometimes the target can be exceeded or just missed by a nickel or something. From what I know about trading, it is not about getting the best entry point. It is about making the correct direction or trend. If you are making a correct direction or trend, you will make profit no matter what if you don't get the best entry point. Happy trading today.

August 19, 2009

Welcome to my first blog. I am here to assist you making sound decisions before you invest in the U.S. market. Almost every day I will post my targets. Usually my targets will hit within the same day or next 2 days. Today I posted on Yahoo SPY message board that QQQQ will hit 39.30 in the morning. During lunchtime it hit my target. When I posted my predicted targets, there are not random or lucky guess.