Market trend WW12

DOW getting new high but resistence at 10900, which also shown long upper tail, look like shooting star, but again market refuse to down, the retrace so far is mild. Great support at 10811 region. The other benchmark of S&P500 and NASDAQ also show the same thing.




One thing need to note that Financial moving strong and over take as gainer from Industrial and consumer discretionary. No doubt all stock are moving strong. Market are trying to tell us something.. listen to it.

IYF ( financial ETF )


next week is short week, and end of first quarter, expect to see some window dressing actvities, seems like it started 2 days already after 3PM of the massive sell off. watch closely.Next week brings us short week, jobs data, RIMM earnings, end of quarter and an option expiration. Going to be quite a week!

Healthcare and greed Win

Mkt continue to push higher after weekend, congress approve obama healthcare plan.
Dow break thru new high, Nasdaq break thru resistence of 2400, mild one ! and SnP contonue to head next resistence of 1185...
Dow break thru fibo 161.8% level, look promising..

7 days more to go close up March rally, will last week of March retrace as Mkt already overcook for 15 days ? will window dressing push the mkt higher or retrace before April ?

3 benchmark show a bit of tired in momentum.... so sentiment overall still positive.

DOW

Shot at 2010-03-23

S&P500

Shot at 2010-03-23

XLV, healthcare look promising, may head the previous Jan high.


Shot at 2010-03-23

Financial continue to lead the mkt, Citigroup been upgrade. Also heading towards 161% fibo level..


Shot at 2010-03-23


Disclaimer : i do not hold any one of the stock mentioned above

Market trend ww11 2010

Dow continue its 4 days rally, give up a bit on expiration friday, last 15 mins buy up push losses less than 0.5% . Dow formed a long leg spinning top may show sign of exhaustion, but overall sentiment still bullish



S&P500 show sign of morning star, have to wait another candle to confirm retracement.But support still at 1150 level.



Small cap retrace a bit as we expect last week, will it go sideway or continue to fall before April month, hard to say, but overall mkt still bullish.



This sunday will depend on congress vote result on OBAMA healthcare's project, any negative result may tumble the market. Samll cap leading market since Feb, will it continue to lead or gave up to DOW and S&P ? I opt for Dow will take the lead.

1 year annivesarry

good explaination on why market crash a year ago

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Favorite stock review

constipated after seeing favor stock keep rising up but been stop out half way.my honeywell stop me out at 42 which i place tight stop after some gain, the late rally on 11 March make me grumble..

the retrace on 17 March also make a good entry but miss it again, super bullish market make the retracement small or mild then rally hard... Great Bull we have.

Expect it reach or break thru FIBO 161.8% level soon ..

Mkt trend 17 March 2010

i was wrong, market continue to shoot higher with greed, the DOW finally break thru the resistence being the last one to break up compare to SNP500 and NASDAQ.
DOW also form 7 consecutive up trend, will it go for 8th candle reversal ? probably.
market are overbought now.

Market trend ww10 2010

Dow not yet meet the higher from previous jan high, but formed Doji , expect small retrace next week..


Shot at 2010-03-18

SnP500 expected halt at 1150 , resistance from Jan high , we will see some mild retrace next week .
Then mkt will bullish again end of march..
VIX also hit phychology support level at 17.58, expect technical bounce next week, which will cause mkt retrace.


Shot at 2010-03-18


Shot at 2010-03-18

Nasdaq hit higher high and over 161.8% FIBO level, retrace will be support at 2325 level. Hammer form at nasdaq, snp and small cap means halt for the rally, while DOW form a doji. All mkt benchmark shown a exhausted of rally, does this mean Bear is coming ?

Small cap continue to lead the market, hammer form, and over its 161.8% fibo level, I expect to see some retracement next week.



Till now, consumer Discretionary still leading the mkt, next is industrial and Fianacial.