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.