January 29th, 2010

I will be on business travel next week. Whenever I have access to the internet, I will try to post on my blog.

If the market retraces back up, the SPY will likely hit 112 target and 45ish target for QQQQ.

January 28th, 2010

The market is back to the support level.

The U.S dollar seems want to break out.

I started to see some stocks are bouncing off the support level.

RIMM, AMZN, GOOG

January 27th, 2010

Again the SPY dropped down to the support level around 109. Also the QQQQ dropped down to 44 level.

January 26th, 2010

Sorry for the last post.

It seems like 109 is the support level for SPY. 44 is the support level for QQQQ. I believe the market will drift higher slowly in coming days.

January 25th, 2010

This week earnings.

Monday: AAPL, AMGN, TXN, VMW
Tuesday:EMC, JNJ, X, YHOO
Wednesday:CAT

January 22nd, 2010

The last two trading days were very encouraging for the bears. The question is the market at the beginning stage of correction or is it just a minor dip for buying opportunity. How do we detect what will happpened? We can't tell by looking at one trading day. Look for stocks that broke out the last couple months. If those stocks pull back to the broke out line and it treats it as a support level, then it is a buying opportunity of the dip. If it breaks below the broke out line, then the market will correct itself.

January 21th, 2010

The U.S. Dollars is breaking out.

More and more individual stocks are breaking down. Now X and CLF join the crowd.
The gold stocks are at the critical point.

January 20th, 2010

I hope you take the advantage of yesterday rally. Sure, I did by buying more SPXU near the top of the market yesterday. I know it was a fake move made by specialists.

Today and the last two days the market is VERY volatile. These days the market daily range exceeded more than 100 points now. You can expect more like this in coming weeks. No more trading in a tight range anymore. The VIX will increase dramatically like I said last week.

January 19th, 2010

The market make a very nice retracement this morning from last Friday loss. Will it last?

January 18th, 2010

The market is closed today.

Here are some stocks have changed trend to downside already.

GOOG, BRCM, T, AMD, TSL

Here are some stocks about to change trend.

AMZN, BRKB, most solar stocks

January 15th, 2010

Another earning reports from INTC and JPM. So far the bears won 3 out 3 on the earning reports.
The 3 big earning reports are AA, INTC and JPM.

Next week earnings:
Tuesday:C
Wednesday:BAC, EBAY
Thursday:AXP, GOOG, GS
Friday:GE

January 14th, 2010

Watch for INTC earning report after hour today. JPM earning report is tomorrow in the premarket.

January 13th, 2010

The market gapped up this morning. This is a good opportunity to short from here. It was a setup to open higher.

January 12th, 2010

The market gapped down due the AA earning report last night.

GOOG, AMZN andAMD are continue to struggle. It seems like these stocks have changed trend to downside.

I will expect more individual stocks will follow suit.

January 11th, 2010

Last Friday on my last post, I stated that the last 30 minutes rally was an irrational buying. It went up for no particular reasons. The first 30 minutes today was a follow through action from last last afternoon rally. The VIX did touch to level 16 area. The market is very close to the top.

January 8th, 2010

The market will make a significant move soon. Just watch how GOOG plays out. The market could follow GOOG patterns.

January 7th, 2010

I am still expecting SPY to hit 112.00 and QQQQ to hit 45.00.

January 6th, 2010

I am seeing some weakness on some stocks, GOOG, AMZN, RIMM, V and MA.

January 5th, 2010

Sorry for the late post. I was away from my desk entire morning.

The market is about to make a significant move. The VIX is hanging around 20 mark.

January 4th, 2010

Happy New Year!

Is this the beginning of the next rally?

The spot gold shot up. It seems like GLD had a strong support at 105 to 106 area.