Market now

No retracement yet from major market, today start with DOW retrace 78 points then rally to positive 50 points, market refuse to down..window dressing should be ended, lets see how market move this week towards October. so far this week is a bit negative, but upside target will be DOW at 11000 level, down side target will be 10750 strong previous resistence turn support.

Market Sentiment ww38

needless to say, market seems refuse to down, with low volume and once again break up resistence, same for Nasdaq and S&P500. Next week will be end of quarter, expect window dressing week , volatile week again..


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Day trade

Recent choppy market is good for day trade while market moving in range.
thoug not much profit at least exit without a loss.

Mkt sentiment WW36

No doubt a bullish week we have, all three benchmarks now facing 200DSMA as a resistance, so i do expect some retracement next week with tight range..

sentiment is still bullish here, just the uptick restricted by 200DSMA, we need catalyst to continue to push this market up...



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Mkt sentiment WW35

what a reverse compare to last week, S&P500 up 3.75% and all sectors shown positive movement. DOW nicely touch on 200DSMA line, which coincide with other benchmark index. Next week is a short trading week, i do expect some profit take. Market sentiment will be upside after last friday economic data.


By pbkian at 2010-09-06


By pbkian at 2010-09-06