Market trend WW21

what a week, DOW end -0.6% while the S&P500, NASDAQ and Small Cap making positive return. S&P500 lose 8.2% in May, more than worst monthly performance in more than one year. DOW and S&P500 end lower than 200DSMA, while NASDAQ make it slighly above it.
Friday end the month of May, last day profit take make it hard to overcome the resistance level.

DOW


By pbkian at 2010-05-29

Consumer Discretionary and material growing strong for the week, watch closely if this sector can form a higher high first.


By pbkian at 2010-05-29

June is coming but expect low trading volumn due to World Cup.

Market bottom ??

well, market seems to be bottom after an ugly hammer look formed on Tues, which quite similar to Jan Low. most investors start to load, VIX and Bond price is down, China giving positive comments on EUR... everything seems to be positive now.

But the DOW still under 200DSMA, as well as S&P500, which slightly up the 1100 resistence level by 3 points. I hope this is not another Bull trap , if it is, it will form a lower low, it may head back to 9800 region for Dow, if it really happen, it will be double bottom form.. then i will said time to load.


By pbkian at 2010-05-27

YTD, the XLY and XLI still leading the market while S&P500 legging 1.04%.


By pbkian at 2010-05-27

Mkt Trend WW20

A volatile week we have, DOW rebounce and then head lower, it has now sit below 200DSMA, but with S&P500 SMALL and MID cap index, both well rested on 200DSMA. Will the FRIDAY reversal indicate the bull is back ? or just a dead cat bounce after down for 4 days ? The VIX still stay high, the bond yield still stay flat ...
I will close monitor SMALL and MID cap index, if they get above 100DSMA, i will say market start recover, if they above 50DSMA, i will say investors's confidence are back.

it's not matter of timing to get in, its not matter of how low/bottom you can scoop the stocks at best discounted price, i will say most important is the Risk is lower when you trade after overall market trend turn bullish.

Last week Market sector strength


By pbkian at 2010-05-23

DOW


By pbkian at 2010-05-23

Found this picture on other website, our bull take a rest recently.


By pbkian at 2010-05-23

This Week sentiment

This week mark the last week of earning seasons, with Home Depot, last Dow 30 company to announce earnings. While walmart and HP announce after market close, the earnings has to be good …..

 

This week also full of CPI data from Euro, Asia and US, inflation will definitely be a hot topics for this week.

 

This week also an expiration weeks for futures and options contract..

 

Thurs will have FOMC meeting minutes …

 

This week will be up down up down …, I bet this week will end flat or consolidate..

 

Dow and S&P500 are below 100D SMA now, Slightly above it.. either it heading down or slight technical rebound.

Market is stressful now, but I see >50 points up within last 10 mins on last Friday DOW index, seems like the PPT ( plunge protection team ) from government likely to push up the market.. too add on last night U-Shape of recover, sound fishy before HD announce earnings…

 

/ps : DOW Future and Eurp stock market are up as of writing this blog, worst off I got to cut lose tonight, sob sob..

 

 

 

 

My 2cents sentiment

somehow the market still stressfull, only small cap able to break thru 50DSMA, DOW, NASDAQ and S&P500 seeing 50DSMA as a resistence.

Micron share seems to be weak also, i am afraid is a bull trap for shorterm investor.
Technically the 20DSMA(blue line) going to cross 100DSMA(pink line) downwards , that's not a good sign.
First support level if it heading lower will be 8 dollar....

I hope it will not, if it does, i am well prepared !!!



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Mkt Trend WW19

What a week, DOW lose 6.48% within a week, wipe out 8 weeks gain since March. Treasury and Gold continue to fly, EuroZone continue to gloom over Greece debt crisis, Asia china cool down economy and monetary tightening, no one dare to in bullish position. Last Jun 09, DOW correction about 9.2%, this Jan correction about 9.8%, i will expect market continue to decline as too many bearish news engulfing stock market.... ,dont forget the old say of Sell in May and go Away, staying in CASH versus a down time is another form of profit.

Sector Performance


By pbkian at 2010-05-08

DOW daily performance


By pbkian at 2010-05-08

Dow weekly performance


By pbkian at 2010-05-08

ACC performance


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Mkt Trend WW17

The DOW retrace on 9th candle (week) instead of 8th, seems like 8 weeks is the max that DOW can boost. Nevertheless, last week of April end with RED, and the retrace looks a good start for BEAR to take over.
Monthly candle APRIL become a shooting star like, GOD bless MAY !



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