Monthly Archives: October 2011

Oct 31 – Outlook

The S&P 500 lost almost 32 points breaking down its 200-day price moving average. As mentioned yesterday, even with a bullish bias I already expected this pull back. However a 2.47%-drop wasn’t in my anticipation. Bears were the only players today … Continue reading

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Oct 30 – Outlook

S&P 500 RSI(14) was at 69.95 on Oct. 28 which makes the market relatively overbought. The fact that all markets consolidated on Oct. 28 makes this a turning point. On a bearish view, the market would make a size-able pull … Continue reading

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Oct 24 – Oct 28 New 52-week High

The following stocks passed my scan for new 52-week high Apparel Clothing : LIZ – Liz Claiborne Inc Diversified/Industrial: EXR – Extra Space Storage Inc Movies Production: LGF – Lions Gate Entertainment Processed & Package Goods: UN – Unilever N.V. Heavy … Continue reading

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Oct 24 – Oct 28 Summary

What a remarkable week for bulls! The S&P 500 gained 47 points from 1,238 to 1,285 (+3.79%). Short sellers were crushed out by two perfect bull traps on Wednesday, Oct. 26, one at 11am and the other at 1:15pm. The rally carried … Continue reading

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