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