Market Sentiment ww52

Time flies, and we are enter the last week of 2011, very volatile year and S&P500 barely flat the whole year, volumn continue to be thin and market seems hit the resistence of 1265 again. Staying sideway with cash not a bad startergy also.

try it out for yourself.

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Market sentiment ww45

seems like market able to push higher despite negative news from EURO and good market and earnings data from US. Market may lead to christmas rally if dont tank before Thanksgiving day. weekly charts shown S&P still under 40 SMA, pressure is still there for market to rally big.

Market Sentiment ww43

Market has shown solid pattern of double bottom, thanks to china good manufacturing data and EURO rescue plan, will market move higher towards end of 2011 ? currently S&P500 meet her resistance level, all eyes looking at this week FOMC meeting and Friday NFP.

Market sentiment ww42

Market rally ahead of EURO Brussels talk, but overall SPX weekly chart shown 20/40 SMA cross over and hit the reistence line, i reckon more downside to come, next week may see the effect of buy the rumours sell the news.

Market Heading lower

bodyhate to say that, macroeconomic no good, technically all 3 benchmark having same pattern to heading lower, 2007/2008 begin_of_the_skype_highlighting 2007/2008 end_of_the_skype_highlighting charts pattern repeat on this year.
SMA 50 become support / resistance ( black arrow ), previous 2 session unable to break thru, including yesterday close lower, we are heading even lower in coming weeks.
The support at 1120 become critical, break down will visit 1020, down some more will be 975..
tighten your stop level and preserve cash, short with small position

Market sentiment ww39

Finally, Qtr 3 already end, worst qtr since 2008. October traditionally Bearish too, let monitor this quarter earnings performance.

Market sentiment ww38

Market continue to sell down till we see strong support at 1100 for S&P500. Next week mark the last week of Qtr 3, expect some window dressing activity, market will continue to volatile to Bear bias, just wait for Qtr 4 earning seasons should lead us some clue where will market heading to till end of year. Dow continue to swing around 11 yrs support at 10750, so we will see.

Market sentiment ww35

Wow, BEAR finally back after 1 week of rest, a GAP down for three bench mark have shown the momentum of bear this time are much stronger and heavier than previous one. The shit start to hit the fan, BEAR tsunami wave is coming more stronger than first wave. Logically after the downgrade of US debt rating, and recent zero job growth, we should not expect BULL will come back soon and smoothly, more downside to come, sit tide for another ride. Effect of the death cross ( SMA 50 cross 200 days ) start to kick in, this is no good, at least historical charts has told us.

Market sentiment ww34

August traditional bearish month, and end bearish too. So does September, i do not have much expectation on next week equity direction, look more like a dead cat bounce last week, with typhoon Irene east coast of America and first week of September, i am more on downside bias.

Time to educate

while waiting for friday jackson hole progress, and volatile market, it is good to stay sideway and get yourself educated. Bought 2 books from Amazon, reading time.

market sentiment ww33

needless to say, macroeconomic no good, negative econ data, low manufacturing index from US to china, and market going to end of Aug, traditionally bear period, september also a non bull market, lets wait all the negative news subside and stay in cash will be better stratergy.
DOW need to hold at 10700 region, a break down will be expect to 10K to 10.3K level as soft support. S&P500 need to stay on 1100 region.

consolidation

ok, finally it has stop wtih solid support for DOW and S&P 500, seeing S&P500 resistance at 1171, and finally a small break out on FRIDAY ..everywhere almost all charts look to same pattern, bleeding seems stop and computer trade seems halt after so many stop has been triggered.
NYSE BPI not yet turn bullish as oversold still a mojor sentiment here, it may continue to oversold, unless a confirm volum and up side bias of price prove the reversal.
Below shown dow on FRIDAY pre lunch performance, a solid continue of next week may change sentiment from Bearish to causiously Bullish

Market sentiment ww31

Needless to say, blood every where in the street, redish across all charts ..macroeconomics became the main concern among investor and trader, earnings and good economy data seems unable to boost the market.

blue pointer shown some high volume with reversal follow up, high volume spike on Friday, could it be short cover or bargain hunter came in, we will see next week.

Market sentiment WW30

While US equity goes on side way, the rest of the world equity going down trend.

slow bleeding started and china GDP on downtrend while inflation keep going up, bubble getting bigger and take longer time to burst.

 

invest carefully

 

S&P 500

 

STI

 

Shang Hai Index

 

 

 

 

Market sentiment ww29

only news and earning can move  the market, indeed, this week earnings really move the whole market, 2 sector start to shown gain which is energy and finance. Finance has been lagging since start of 2011, it is good to see its start to climb up. just need a little patience wait for retracement, slowly accumulate finance stock may not be a bad idea

Market sentiment ww28

Market has been going sideway since 2011, with plenty of negative news from Euro, US and china, expect market will going sideway the rest of the month of July.

Market sentiment ww27

Market rebounce strong from bearish to bullish last 2 weeks, the rebounce just like knife cut thru resistance, it has now above 50 SMA line and looking having some more leg to going upside. But a little patience is better to see follow up on next week after dissapoint NFP last Friday. Technically it is strong, but sentiment a bit caustiously bearish, but i assume people will buy every dip in the market.

Market sentiment ww25

S&P500 retest on sma 200 twice, may heading the 3rd time within 2 weeks…\


pray hard it will sustain.

50sma going to cross 100 sma too, not a good sign after 2009 recovery

some local picks

Market seems pause awhile  from 6 weeks downtrend, some local stocks see support and pattern emerge. Golden Agri and sem mar show interesting pattern, buy or wait ?

Market Sentiment ww24

S&P500 bounce off 200SMA, but overall market still weak despite German and France bail out Greece news, such good news doesn't boost the market much... coming weeks will have to see end of 2nd quarter portfolio pumping activities, another volatile time frame.

day trade ..

down and volatile day always good for day trade or scalp. Need to master this skills

Market sentiment ww23

All 3 bench mark seems going to hit support soon, Nasdaq meet the support while DOW and S&P500 have some more leg to go, i do "hope" some technical bounce next week, but seeing the momentum of the bear this 2 weeks, nothing will stop the bear except an overnight good news/ breakout news or any reason can Bull overtake Bear in coming week, i doubt so...
S&P500 seems heading 1250, March low soon.50SMA line also at that confluence, expect some technical bounce next week.... let's cross finger.

Market sentiment ww23

Market has been down for 3 weeks, at least for DOW and SNP. but without i know shanghai index has been down since mid of April. it has been proven be early indicator of economy and stock market, it has found support now, same as the rest of market benchmark.



why europe economy slump

funny

Market sentiment ww21

wow, one more day to end of May, usually bullish after today memorial day which market close. Most of the stock has been in the oversold region, some are in nice attracting low part of channel or support region. Will June rally > or be more nasty than May ?

couple of local stocks do see potential buying, i will watch it closely.
Golden Argi has been travel in a uptrend channel, it has meet the low risk entry and the SS has been reliably accurate whenever it reach oversold region, people are buying it, current rest on 200SMA double confirm the support level, I will definitely XXXX this stock.

OSIM has been trade within an uptrend wedge pattern, seems like waiting for some catalyst to boost the price up, i will monitor this closely, very closely.

Sembawang my all time favourite never fail me, travel in uptrend channel and with its solid foundation, what could be the worst if it is to harm this counter. SS also be a good indicator to enter in low risk and 100 DSMA double confirm the support region, technical analysis for local stock has been straight forward.

Market Sentiment ww20

Technically Dowjone are still above SMA50, which consider bullish, but MACD has been trending down, divergence with the DOW performance, earning has been officially ended with 30 stocks of DOW completed review earning result..This Friday market down are expected due to expiration Friday, and usually May will end better bias to up side...
Sentimently not so great as bad news keep coming out, Japan officially in recession, China start to see stagnant in economy growth, US credit hit ceilling, Ireland volcano erruption, natural disaster in US, bla bla bla ....
June is a tough play, i will tighten my long position and bias to down side..

to buy or not to buy?

Although market start to retrace or correction, every dip there a buyer to scoop, bear and bull are fighting hard right now. Consumer staple and healthcare sector seems to be good defence sector. stocks like KO, HAS, CL hold well while overall market retrace, shall i buy these stocks ?

Market sentiment ww17

Looks like market stay on traditional way, to start April with bull and end with Bull, quite accurate if check history..


Market sharp u-turn ( 61.8% Fibo level) last week seems no retracement, very ambitious to meet 12950 ( 161.8% Fibo level ), I think we may get it in the first week of May..
By then,Tighten your stop, I have start to look for few bearish counter
 

Double top ?

all 3 benchmark again hit  3 years high, shorterm wise meet double or tripple top also..  market seems to be weak waiting for FOMC rate decision this 27 April. VIX also meet another low, and too complacent on bull situation...decide to wait confirm direction.

Mkt sentiment ww14

S&P500 retrace after meet the resistance, other benchmark also seeing the same.
Earning seasons is coming, i do hope bull will continue its strength.

Market sentiment ww14

Great, cosco really bounce with more than 13%, but face resistence at 200sma line at 2.11 region, expect the stock go side way a bit before another run up. Target previous high of 2.44 level.

Market Sentiment

needless to say, overall market has turn higher after Japan nuckear crisis subside, earnings push up the market, resistence broken, my cosco make money, my sembawang marine make money, my osim a bit constipate, my Genting lot of constipation have to endure, this week we have non farm payroll, we are heading into 2H2011 earning seasons, i have faith it will go higher to regain the loss ground.

cosco seems found support

cosco seems to found support at 1.80 region, also at the low of up trend line. I  have to agree previous bough at high price without checking the charts, lesson learnt.

Market sentiment ww11

Technical rebound on thursday and Friday, with Libya unrest and Japan still worry on Nuclear leak issue, next week will be a volatile to downside bias.

Market Sentiment ww10

Looks like DOW support at 12000, S&P500 at 1300. a break of 12400 for DOW will mean bull set up for month of April.

Market sentiment change ?

comparing FIX ( china 25 big cap index) with SnP500, both go in different direction, i think s&p500 will retrace soon to match FXI, BEAR seems to conquer Asia market, and slowly engulf us market, the only BULL market we have right now.

Market Sentiment ww07

DOW continue climb higher despite Feb expiration week, 2 more weeks to end Feb, when will market retrace, i dont know. The trend is still bullish, untill the bear really take over..tade cautiously..

Market sentiment ww06

Thanks to Egypt, after ex-president agree to step down, market rally after that, with industrial, concumer discrenary and fiancial sector continue to be strong, expiration week will be another volatile week, do watch out.

Market sentiment ww05

Well, market recoup losses of last friday, ans sentiment turn to bullish again, VIX continue to go down and DOW able to stay above resistence level. S&P500 are project to hit 1325 level. Earning season still on going, let see will the market still has some upleg or being flat towards march.

Market Sentiment ww04

Been waiting for retracement, but never expect is a big one on a single session. The problems in North Africa and Egypt and rising oil prices are serious considerations.  I don’t think this bearishness is going away anytime soon, and add on with Non-Farm Payroll due out on Friday, though i have both Bear and Bull position, i am going to exit my bull position if thing get nasty tonight.

Market sentiment ww02

Up Up UP, first 2 week of DOW continue to make new high, every where talking about market overbought, earning season just start, well let see how the market react. Finance sector has been laggard last year, it start to pick up since Nov, very promising for DOW.

Market sentiment ww01

well, typical first week of January, an up week, a bullish week. some stocks are flat and some are gain. Not bad for my own acc as it grow a little, but there was many good news last week, ADP data, NFP data, initial claims, joblesss rate.... all consider bullish news but market retrace a little, compare to last year which these kind of data would send the stock up to cloud nine... but is not happening during first week of Jan, next week will kick start Q1 earning season.. let see how market react.

Happy New Year

DOW continue to trend higher despite of lower volume, from technical point of view market should start some pull back before it go higher.. but it all depend on beginning of the year buying sentiment, santa clause rally will end fist week of jan.. keep watching what happen next, while i am staying side way with cash.

Happy New Year to all.