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..
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