Category Archives: Market Outlook
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
Another failed attempt for the bears this morning. After the first hour of pulling back, the bulls picked up and reversed the course for the second day in a row. Strong economic numbers especially the ADP’s job report acted as the … Continue reading
Selling from yesterday continued to this morning of trading then the bulls picked up and reversed the course. Go bulls! Let’s break up side to 1,292.66 I’m holding long position overnight.
What a good day to start the new year! Markets around the globe were very bullish on the first day of opening. Nevertheless I don’t like how the S&P 500 price actions showed in the last 15 minutes today which wiped … Continue reading
The S&P 500 still looks bullish for the first week of the new year unless the 1,248.64 mark is taken out decisively.