Monthly Archives: January 2012
Well, I have underestimated the effect of central banks’ liquidity supply to market’s movements. I violated my trading practice by front running the markets. Bad ! Being burnt hard didn’t motivate me to update my blog. Fortunately a planned vacation … Continue reading
Are bulls back to business? Tomorrow will reveal. Markets, however, look overbought. I’m holding trapped short position over night.
Everything happened as planned. The S&P 500 opened with gap up but failed to make a higher high, and finally closed lower than opened. I’m holding short position over night.
Jan 12 and Jan 13 happened as I expected in my Outlook for Jan 12. Higher high was created on Jan 12; and pull back happened on Jan 13. US markets are closed on Jan 16. On Jan 17 I … Continue reading
The pull back today was a weak one. Bear herd didn’t do any damage and lost steam after the first hour. I feel that another pull back is due soon. But I don’t think it will happen until a higher high … Continue reading
Wow! The bull herd did an amazing job today moving SPX (the S&P 500) surpassing Oct 27 high, 1,292.66. So what next from here? If you read my Outlook for Dec 30, this is the point that trend change would … Continue reading
With caution and resilience, the herd of bulls are marching up to Jan 3 high, 1,284.62. An ascending triangle is forming by the S&P 500 price actions. Normally it will break out. But I’m not fully convinced due to various … Continue reading
History repeated itself on Friday. Despite good employment numbers from NFP, the S&P 500 closed in red. From the graph, daily view still does not look bad. Although some warning signs from 15-minute view. On Monday the bulls will need … Continue reading