Monthly Archives: November 2011

Outlook for Dec 1

I’m not sure about tomorrow. But I do know this rally is no longer an overbought rebound. I’ve been averaging down my short positions. For tomorrow, purely from the graph, the S&P 500 would continue to go up and test 1,251 mark … Continue reading

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Outlook for Nov 30

Today price actions just confirmed that so far this week’s rally was merely an oversold rebound. The S&P 500 failed to break up 1,210 resistance. I loaded short whenever the S&P 500 flirted with 1,200 mark today. My outlook does not … Continue reading

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Outlook for Nov 29

The markets were on steroid today. The S&P 500 gained 33.88 (2.92%). Unless the S&P 500 breaks 1,210 resistance level tomorrow for today to be considered a part of the first leg of this year’s Santa Claus rally, the rally seemed to be an … Continue reading

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Outlook for Nov 28

It’s time for the S&P 500 to create a bear flag. The markets have been down for 7 consecutive days. They have been oversold for 3 days. TICK closed below 1,000. Path A is my wildest guess for the rebound if … Continue reading

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Nov 21 – Nov 25 Summary

The S&P 500 has changed from 1,215.82 to 1,159.91 (-4.60%). My portfolio value has changed from $59,171.37 to $59,847.19 (+1.14%)

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Nov 25 Intraday Trading

Today I shall demo how I use my plan to do my trading: The S&P 500 touched 1,169.94 @~9:45. Bought TZA at $37.71 The S&P 500 touched 1,172.50 @~10:20. Bought TZA at $37.35 The S&P 500 touched 1,168.82 @~11:04. Sold all TZA … Continue reading

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Outlook for Nov 25

There is no sign for the bulls to take over the current trend. Tomorrow could be a low volume trading day with range. Any rebound will be sold. The S&P 500 would eventually end with a lower close. My new intermediate target … Continue reading

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Outlook for Nov 23

Early this morning the revised number for Q3 GDP changing from 2.5% to 2% crushed down any attempts to push the markets higher. The S&P 500 formed a Descending Triangle from today price action. Don’t be fool to expect any … Continue reading

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Nov 22 – Outlook

Trend is down. New intermediate target is Nov 10 low. A little bullish bias for today since the markets have been red for four days. Still it is a bear flag the S&P 500 is forming. Below are my guidelines … Continue reading

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Nov 20 – Outlook

Very gloomy for tomorrow’s open. Any rally is artificial and will be sold. I will sell any top. My Nov 17 outlook is intact. The fact that a pennant was formed by the S&P 500 on Friday confirms my outlook. Either Oct 20 low (1,197) … Continue reading

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