Anticipating the market has risks...indicators are topping and bearish, but not all are in agreement...Seems there is still some legs to go till 9500...be careful....dollar still weak.
dow jones is at hanging level,,,,,,,,,,,,now is best time loaded up penny,,,,,must be penny penny ,,,,,,,,,,,,,,like rowsley follow up by fomer remiser peter lim,,,,,,,,,,,who will snap up right,,,,,,,,,,,,,,,,,asti will be follow up ellipse wat i sold away,,,now asti heavy wanna to buy at 8.5cts,,,,,,,,,,,,,so is a good bet for me,,,,,,,,,,,,,,,,,,china energy heavy w by result is a bout time for me buy back again wat i sold at 31cts and yestday im buy again,,,,,,,,,,,,,,,,,,,,,ocean sky is my next target,,,,,,,,,,,,,,,,,,,,,,,,chart look very atractive,,,,,,,,,,,,145cts is a most important point if breaqk thru,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,wa wa west......................cheers
Base on the news, this session DOW should close green. It was supposeto be a begining of a new bull run but will not be a forceful as the last one... many will buy on dip. For asia, it will very much depend on SSE which only managed to gain some ground today with hard fight....
Today session was meant to be up. Your boss lucky 3 bad news are out. But big players are holding it they havent off load they wont let it down. So it will be up :) Your boss will lose but minor
risktaker ( Date: 13-Aug-2009 22:05) Posted:
I bet u all my money DOW will up :)
handon ( Date: 13-Aug-2009 21:57) Posted:
my boss said Get rid of this RONLEECH, RISKTAKE and not forgetting PEGLI.... hehe....
Damm sucks with this "copy n paste", always gets problematic, another retry:
August 12, 2009
The Federal Reserve released their statement and rate decision this afternoon, and as expected, there was little change. They kept rates low at 0% and admitted to being cautious on the economic recovery for the rest of the year. They mentioned that economic activity is "leveling out", which is an improvement from the "stabilizing" wording that they used back in June.
Many people have been waiting for the Fed announcement after the recent bullish run in stocks, waiting for potential opportunity to jump on board short positions and ride the market back lower. People have been trying to fade the recent rally all the way up, and there are still many bears out there that are waiting on the next shoe to drop.
Although a sell-off in the markets is still possible, I don't think it's probable. To justify that, let's take a look at the charts.
First off, let's look at the S&P 500 Index, because it's the best representation of the overall market. The daily chart below has been very strong since the early July lows, and it broke through the 200-Day moving average (purple line) like a warm knife through butter. We are seeing some hesitation around the 1000 level, but that is to be expected at round resistance levels.
S&P 500 (SPX) - Daily
The weekly chart paints more of a compelling picture of future bullish opportunities in the markets. I have drawn three horizontal lines around 900, 1000 and 1100 which were key levels on the downside last fall and are now key levels on the upside for this fall. As you can see, the break below 900 took a while last fall, but once that support was finally broken, the fall was fast. The opposite took place this summer, as stocks ran up into the resistance at 900, hesitated, and then finally broke higher.
Now that we are around 1000, there is some concern that the markets have moved too quick, too fast. I think that we just saw a mirrored effect from what happened last fall as investors realized that stocks were not going to fall off of a cliff anymore. There is much less resistance at 1000, so 1100 could be a very distinct possibility in the next few months.
S&P 500 (SPX) - Weekly
Still not convinced? take a look at the US Dollar. The SPX and the US Dollar move inversely, so the market rallies when the dollar weakness and vice-versa. The Dollar is around near term lows, and has broken the support around 23.50, but recently rallied higher. If we get some activity in the US Dollar outside of the lower bands again, the Dollar could weaken very quickly, spurring a further rally in stocks during that time.
US Dollar Bullish ETF (UUP) - Daily
After looking at the SPX charts, which are bullish, and the US Dollar charts, which are bearish, there are multiple factors working for a continued run in stocks. Keep a close eye on the Dollar, and that will give you an edge on your competition. Most traders mistakenly only follow stocks, and the markets are so broad that you need to pay attention to more than one variable. When you do, you will be happy with your success.
If you are interested in trading the US Dollar or currencies in general, give us a call or email smart@bigtrends.comThis e-mail address is being protected from spambots. You need JavaScript enabled to view it . I manage the SMARToptions portfolio and instituted currency options trading two months ago. Currencies are very trending, so they present great trading opportunities if you know when to jump on board.
The Federal Reserve released their statement and rate decision this afternoon, and as expected, there was little change. They kept rates low at 0% and admitted to being cautious on the economic recovery for the rest of the year. They mentioned that economic activity is "leveling out", which is an improvement from the "stabilizing" wording that they used back in June.
Many people have been waiting for the Fed announcement after the recent bullish run in stocks, waiting for potential opportunity to jump on board short positions and ride the market back lower. People have been trying to fade the recent rally all the way up, and there are still many bears out there that are waiting on the next shoe to drop.
Although a sell-off in the markets is still possible, I don't think it's probable. To justify that, let's take a look at the charts.
First off, let's look at the S&P 500 Index, because it's the best representation of the overall market. The daily chart below has been very strong since the early July lows, and it broke through the 200-Day moving average (purple line) like a warm knife through butter. We are seeing some hesitation around the 1000 level, but that is to be expected at round resistance levels.
S&P 500 (SPX) - Daily
The weekly chart paints more of a compelling picture of future bullish opportunities in the markets. I have drawn three horizontal lines around 900, 1000 and 1100 which were key levels on the downside last fall and are now key levels on the upside for this fall. As you can see, the break below 900 took a while last fall, but once that support was finally broken, the fall was fast. The opposite took place this summer, as stocks ran up into the resistance at 900, hesitated, and then finally broke higher.
Now that we are around 1000, there is some concern that the markets have moved too quick, too fast. I think that we just saw a mirrored effect from what happened last fall as investors realized that stocks were not going to fall off of a cliff anymore. There is much less resistance at 1000, so 1100 could be a very distinct possibility in the next few months.
S&P 500 (SPX) - Weekly
Still not convinced? take a look at the US Dollar. The SPX and the US Dollar move inversely, so the market rallies when the dollar weakness and vice-versa. The Dollar is around near term lows, and has broken the support around 23.50, but recently rallied higher. If we get some activity in the US Dollar outside of the lower bands again, the Dollar could weaken very quickly, spurring a further rally in stocks during that time.
US Dollar Bullish ETF (UUP) - Daily
After looking at the SPX charts, which are bullish, and the US Dollar charts, which are bearish, there are multiple factors working for a continued run in stocks. Keep a close eye on the Dollar, and that will give you an edge on your competition. Most traders mistakenly only follow stocks, and the markets are so broad that you need to pay attention to more than one variable. When you do, you will be happy with your success.
If you are interested in trading the US Dollar or currencies in general, give us a call or email smart@bigtrends.comThis e-mail address is being protected from spambots. You need JavaScript enabled to view it . I manage the SMARToptions portfolio and instituted currency options trading two months ago. Currencies are very trending, so they present great trading opportunities if you know when to jump on board.
Post Reply
1841-1860 of 8312
/ 2
