Monthly Archives: November 2011
Investors, fund managers have come to their senses this week. European politicians have stalled on acting. No dramatically changes were announced. Well I guess that was all they could have done (firing the two PMs). There weren’t good headlines from Europe. … Continue reading
The S&P 500 couldn’t hold its pennant support. The bulls lost steam. Unless there were good news from Europe early in the morning, I’m expecting more down ahead. Lower close is very likely. Either Oct 20 low (1,197) or Oct 17 low … Continue reading
Today the S&P 500 closed at the lower edge of the pennant. The bulls will need to try harder to get back to the range or the game is over. Recent statistics show the bulls have been getting support in the same scenario. Thus, bargain … Continue reading
Over the weekend, the news continue to support the bulls. There is a sure chance that the markets will open green on Monday. However the question is, is it over for the bears? I doubt. The S&P 500 should find 200-day … Continue reading
Italian interest rates surging above the 7% made huge selloffs on the markets on Wednesday. Once again headlines continue to dominate markets mood. The markets, however, quickly recovered from Wednesday’s damages after several rumors that Italian Prime Minister Silvio Berlusconi would resign if a … Continue reading
I didn’t provide any update yesterday because the outlook on Nov 6 was still in effect. Indeed today the S&P 500 followed the green second push up route to head higher. For tomorrow, the S&P 500 will try to test 1,285 … Continue reading
Nothing new, the trend is still up. Below are my guidelines for tomorrow market actions.
LGF, LIZ and EXR have been growing strong despite the market loss. For trading, set stop loss if there are positions. Removed DY and UN from the list. Added NFLX to the list. Fundamentally NFLX has a beta of 0.46 … Continue reading
The market had a rough first week in November marking its first weekly loss since September. The S&P 500 has changed from 1,284.96 to 1,253.23 (-2.46%). Greece continues to make the press headlines. Market sentiment has been relying on Greek news which … Continue reading
The price movements of Netflix in the past 7 days have sparked my interest in it. Added NFLX to my long term watchlist. I will provide an analysis on the stock later this weekend.