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.