Technical Analysis
S&P 500($SPX) and Major Indices in range mode.
It’s been a few slow weeks for me as well as the markets. I have not been doing much on the investment front recently and really it’s a difficult market to invest.
Trading is another story.
1130 is the resistance that the bulls just could not get across but sentiments recently have been rather lukewarm. The number [...]
Trend Watch: Long Term Bearishness abound $spy $qqqq
We had a rather bearish drop of 3% yesterday. Since im on a half day leave today I decide to take a look at the long term charts.
What I don’t like about it is that on the MACD it shows a clear sign that it is Failing the zero line and it went from cutting [...]
Trend Watch:STI looks very topish with a head and shoulders pattern
Alot of sites are pointing that head and shoulders pattern, which is a bearish pattern, is observed on numerous indices.
I think lets trade with skepticism in mind, plan when it comes to fruitation and plan when it does not. This pattern have not been confirmed yet so until we see confirmation this is very likely [...]
To Carl Swenlin:Can we short the market now?
Here is what Carl Swenlin thinks about the current weak technicals and why he is staying on the sidelines instead of going short.
This decision is based upon the conservative assumption that bull market declines will be short-lived, and that a neutral signal eliminates market exposure during a correction, while at the same [...]
Trend Watch:S&P500 Possibly doing a death cross
We have seen many STI stocks breaking their 200 day moving averages but that normally is pretty easier done than the Death Cross, where the 200 day moving average gets cut by the 50 day moving average. both very non volatile moving average that is difficult to turn. To have these moving average make a [...]
Copper leads the equities?
Here is a good article from Stock Charts indicating another strong case that copper have been time and again a leading indicator:
[Read the full article here >>]
Goldman Sachs accused of civil fraud:Buying opportunity?
The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was collapsing.
The Securities and Exchange Commission said in a civil complaint Friday that Goldman failed to disclose that one of its clients helped create [...]
Trading Log:Cut SembCorp and Rotary
When you see the macro picture and the index volume is high and that the “qin kuang bu miao”, get your most risky trades out of the way first.
I have 4 trading position so i closed this 2 which is the most risky first.
SembCorp Industries
I got into this trade the day before watching Avatar (farking [...]
Bob Prechter:All the way down!
It would seem elliot wave expert Bob Prechter have warn a month ago that we should start selling.How important is it to listen to him?
He was accurate with the top in 2007
He was accurate with the bottom in March
Will it be third time lucky?
What happens now could hardly be worse, according to EWFF. It [...]
Trend Watch:A healthy correction or an important inflexion point?
The big news this week was a Volcker Rule and how it would affect Wallstreet:
FOR MONTHS, former Federal Reserve chairman Paul Volcker has been advocating a far-reaching repair plan for Wall Street: to re-draw the line between commercial and investment banking. Since the repeal of the New Deal-era Glass-Steagall Act in 2000 [...]
I bought Starhub at a time where many of...
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