Category Archives: Market Outlook
The longs that I loaded yesterday caused my gain in shorts to break even today . Nevertheless I unloaded my shorts today. I’m expecting today pull back was just a bear trap from the rally.
The S&P 500 broke my multimonth downtrend resistance. It will need to confirm with a second green bar tomorrow before I add my longs back. If indeed the bulls can make it, the S&P 500 will move 2% to 3% … Continue reading
Everything went as planned (see Outlook for Dec 22). I unloaded all my longs and started accumulating shorts.
Range day today as I expected. Tomorrow the bulls will have to test the multimonth downtrend resistance.
The bulls not only successfully defended the 1,205 mark but also pushed the S&P 500 35.95 points higher. Looked like Santa Rally started today. I expect a range trading day for tomorrow since the bears will fight back. However I don’t expect tomorrow is … Continue reading
The S&P 500 indeed opened higher on Friday. However the bears didn’t feel short squeeze at all. In fact channel breakout failed on the third hours of trading. New channel has been created due to the false breakout. For Monday the … Continue reading
Watch out for potential reversal due to inverted hammer. Volume, however, hasn’t confirmed. Need to check on follow through.
With disciplines, I achieved my goal today, marking 107% YTD gain. I can’t be happier . More details on lessons learned, trading methods..etc will be shared on this week summary report. Stay tuned!