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