Outlook for Jan 6

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 catalyst for the bulls to rally. I’m expecting tomorrow Non-Farm Payrolls report to come out with good numbers also. In the past markets, however, tended to move in opposite direction with the NFP’s numbers. Being cautious I closed half of my long today and let the rest run.
1,292.66 here the bulls come!

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Outlook for Jan 5

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.

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Outlook for Jan 4

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 out all gains accumulated in 3 hours. Today’s close was very near to today’s low. The activities showed there were so many bears out there trying hard to short this gap. This can be a warning sign. However the graph still looks bullish to me.

I’m holding long position overnight.

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Outlook for Jan 3

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.

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Dec 26 – Dec 30 Summary

The S&P 500 has changed from 1,265.42 to 1,257.60 (-0.62%).

My portfolio value has changed from $62,264.38 to $61,537.94 (-1.17%)

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Outlook for Dec 30

Yesterday pull back indeed was a bear trap. History has showed that the last day of the year usually ends in red (9 out of 11 past years). Will the rally continue to live on? Or will the higher odds win again?

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Outlook for Dec 29

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.

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Outlook for Dec 27

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% up more from this point to test Oct 27 high or even 1,303 before tanking.

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Dec 19 – Dec 23 Summary

The S&P 500 has changed from 1,219.66 to 1,265.42 (+3.75%).

My portfolio value has changed from $61,486.39 to $62,264.38 (+1.27%)

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Outlook for Dec 23

Everything went as planned (see Outlook for Dec 22). I unloaded all my longs and started accumulating shorts.

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