Today is the last day of the 1st quarter of this year. The market action could be window dressing.
This Friday is a stock market holiday. The market will be closed.
Wednesday, March 31, 2010
Tuesday, March 30, 2010
March 30th, 2010
I got stuck at the army base. No internet access at all in one of buildings.
Oh well, I missed the whole action today.
Oh well, I missed the whole action today.
Monday, March 29, 2010
March 29th, 2010
The last two days the market went up in the first half. Then it faltered in the second half of the day.
Can today action be the same?
I will be out on Thursday and Friday this week. One of my younger brothers is getting married.
I am his best man.
Can today action be the same?
I will be out on Thursday and Friday this week. One of my younger brothers is getting married.
I am his best man.
Friday, March 26, 2010
March 26th, 2010
Why this top is so different from January high 2010?
In January high, there was no blowoff top to be seen. When it dropped from there, it left big gaps behind. So from February low, the market slowly retraced back up and filled those gaps.
This top had a blowoff top from yesterday. So far there are some gaps below to retrace back down.
QQQQ had two big gaps to fill. 46 area and 45 area.
In January high, there was no blowoff top to be seen. When it dropped from there, it left big gaps behind. So from February low, the market slowly retraced back up and filled those gaps.
This top had a blowoff top from yesterday. So far there are some gaps below to retrace back down.
QQQQ had two big gaps to fill. 46 area and 45 area.
Thursday, March 25, 2010
March 25, 2010
Finally, I have a break.
Ok. The market is continuing to go higher.
The U.S. dollar is going higher too.
Ok. The market is continuing to go higher.
The U.S. dollar is going higher too.
Wednesday, March 24, 2010
March 24th, 2010
Lunch break!
Although the market went higher yesterday, it is due to short covering.
AMZN, GOOG and GS are continuing to break down.
Same with GLD and USO.
The U.S. dollar currency is continuing to rise higher.
The market is at the cusp of "blow off" top.
Although the market went higher yesterday, it is due to short covering.
AMZN, GOOG and GS are continuing to break down.
Same with GLD and USO.
The U.S. dollar currency is continuing to rise higher.
The market is at the cusp of "blow off" top.
Tuesday, March 23, 2010
March 23rd, 2010
This week I will be busy with work.
Two days training on Wednesday and Thursday.
My VIP visitors are still here.
Again the market seems like it went out of gas heading up. Not much conviction to the upside.
Watch GLD USO and dollar for sign.
Two days training on Wednesday and Thursday.
My VIP visitors are still here.
Again the market seems like it went out of gas heading up. Not much conviction to the upside.
Watch GLD USO and dollar for sign.
Monday, March 22, 2010
March 22nd, 2010
Sorry for the late post. I have two important guest visitors today.
I have to be with them all day long.
I have to be with them all day long.
Friday, March 19, 2010
March 19th, 2010
I don't know about you but I am seeing internal weakness on some of the individual stocks.
Take a look at some of these stocks.
V, MA, AMZN, RIMM, AAPL and many more.
It seems like the top was in last Friday for these stocks.
Take a look at some of these stocks.
V, MA, AMZN, RIMM, AAPL and many more.
It seems like the top was in last Friday for these stocks.
Thursday, March 18, 2010
March 18th, 2010
The market will retraced back down. There are two gaps for QQQQ at 45 and 46. Also gaps in 111 and 113. I still expect SPY to hit 108 again in the near future.
Wednesday, March 17, 2010
March 17th, 2010
When will the housing market recovered? The answer, my friend, is when the FED starts to raise the rates. When the FED starts raising the rates, the cookie will crumble.
Right now the market seems like it wants to continue to go higher. Is it a trap for longs or shorts?
Right now the market seems like it wants to continue to go higher. Is it a trap for longs or shorts?
Tuesday, March 16, 2010
March 16th, 2010
This week is triple witching expiration.
It seems like S&P 500 is stuck between 1150 to 1155.
It seems like S&P 500 is stuck between 1150 to 1155.
Monday, March 15, 2010
March 15th, 2010
March Madness is coming. I love to watch college basketball tournament games.
GOOG and AAPl took a big hit right from the start.
I am expecting the market to retrace back down this week.
GOOG and AAPl took a big hit right from the start.
I am expecting the market to retrace back down this week.
Friday, March 12, 2010
March 12th, 2010
Again the market dropped to break even mark.
Well, the market is way overbought now.
Well, the market is way overbought now.
Thursday, March 11, 2010
March 11th, 2010
Yesterday action was very encouraging for the shorts.
The spot gold broke down and the VIX closed in positively.
I will expect the market to head back down from here or retrace it back down and close some gaps that left behind.
The spot gold broke down and the VIX closed in positively.
I will expect the market to head back down from here or retrace it back down and close some gaps that left behind.
Wednesday, March 10, 2010
March 10th, 2010
Sorry for the late post. I was stuck on a task this morning.
Every times the market dropped in the afternoon, it dropped to the break even mark.
I am still looking closely on VIX, USO and GLD and dollar for direction from here.
Every times the market dropped in the afternoon, it dropped to the break even mark.
I am still looking closely on VIX, USO and GLD and dollar for direction from here.
Tuesday, March 9, 2010
March 9th, 2010
Happy anniversary to the bulls since March 9th, 2009.
The market looks very tired at these levels.
The market looks very tired at these levels.
Monday, March 8, 2010
March 8th, 2010
I will expect the market will double top this week.
Also I will expect the market will change direction to the downside from this week.
Also I will expect the market will change direction to the downside from this week.
Friday, March 5, 2010
Thursday, March 4, 2010
March 4th, 2010
The last two trading days, the market had indecisive direction. It is just like the same pattern couple weeks ago when SPY was 104 to 106 range. Either today or tomorrow the market needs to close negativity for the market to roll over.
Wednesday, March 3, 2010
March 3rd, 2010
Sorry for the late post.
My manager is with me all morning.
I am watching the VIX closely. The VIX had a very strong support at 18 to 19 area. If it breaks below it, the market could go much higher from here. I believe that the VIX will bounce off that area again.
My manager is with me all morning.
I am watching the VIX closely. The VIX had a very strong support at 18 to 19 area. If it breaks below it, the market could go much higher from here. I believe that the VIX will bounce off that area again.
Tuesday, March 2, 2010
Monday, March 1, 2010
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