Local Favourite stock

Golden Agri form wedge


By pbkian at 2010-04-29

Osim start rebound, next target 0.99 cents


By pbkian at 2010-04-29

** Disclaimer - this is just for self analysist, buy at your own risk **

Mkt trend WW16

I was wrong again, hopefully mkt retrace this week, coz is a 8th candle reversal from weekly chart point of view, but the Greed and good earnings and economy keep pushing market higher and higher.. despite negative news from Greece, natural disaster..

Energy seems to be rise strongly 2 weeks ago till date, discretionary and industrial been up since march. existing and new home sales data turn green, home builder may get ready to overtake the rest.


Source from selectspdr.com



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Market Trend WW15

Goldman Sach fraud issue be a good catalyst to push down market, a long waited pullback, DOW has been 7 weeks bullish , could we have 8th candle reversal on next week ? big brother like GS, C ... will announce earnings, will this pull back a mild momentum and market continue to rally ? Indicators shows it is still bullish trend, above 20 days SMA.

DOW weekly candle

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Dow Daily candle

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Coincidentally VIX has touch extreme lower band of Bollinger, the bounce on Friday quickly touch on upper extreme band. one or two more candle on upper band confirm a pull back, it will be pretty volatile as this is just beginning of Q1/10 earning season.

SnP VS VIX

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sectors performance wise will be leaded by consumer discretionary, technology and industrial. Friday GS fraud issue wipe out whole week Financial sector gain.
Quaote from www.sectorspdr.com

By pbkian at 2010-04-16

Mkt trend ww14

Dow end near 11000 point, 6 weeks continue of bullish, looking at weekly candle chart below, it showed the trend is still strong, while earning season start next week, expect to see volatile makt.


Shot at 2010-04-11

snp500 Nasdaq same with bullish trend , next resistence at 1220 and 2500 respectively.
snp 500

Shot at 2010-04-11

Nasdaq

Shot at 2010-04-11

Micron maintain above SMA 50 days, but hardly break out 10.75 level, next resistence at 11.25 . keep watching.

Shot at 2010-04-11

some local stock

Pre Earning Games

The name "Pre" mean to play before the earning announce... most of the time share price drop after earning announce eventhough profit reported, the market is uncertain, so mostly people are playing pre-earning games, some sold 1 day before , some take money off the table before the announcement and put tight stop. Good example is MU ( micron ) shown below, pretty volatile and a bearish engulfing candle wipe out previous few days profit, rest nicely at 20 days moving average, need to monitor will it get technical rebound on Monday. Nice retracement we have here