As discussed last week, usually after a big move, a pull back is common due to profit taking. The first two trading days experienced a pull back before it made its run again towards a higher high. At this very moment, I hear some claimed, “bulls are in charge”. I also hear many saying “bears […]

The bounced happened last week. Bulls came back with a vengeance. But right after the spike, a lot of profit taking, and prices kind of failed to stay above its high of the week. Good sign? Bad sign? Let’s take a look at the chart to check out the outlook for next trading week. As […]

It has been a bearish X’mas trading week. 5 down days in a row. The first level of support failed to hold. For now, will the support at 1400 on the S&P hold? Is the market going to fall off the cliff? Like I said last week, I was watching the RSI reading like a […]

Last week, instead of the market going slightly lower, it went slightly highly. The bears demonstrated strength, as shown by the VIX’s ability to break and stay above its daily resistance level by the end of the trading week. However, the market did closed higher than its previous week, staying true to the uptrend. How […]

Last week as discussed, the market did rallied to re-test its previous high before it pulled back (refer to my previous week’s analysis at http://strongerhead.com/strongerhead-weekly-financial-market-analysis-10-dec-2012/). I did a very short term trade on VXX believing prices will pull back upon meeting its previous high. However, it does not mean I am now bearish of the […]

As we have expected, prices hit resistance level on 30 Nov. As soon as the market opens on 3 Dec, prices did a pull back on the first two days. And it was buying opportunity, because long the prices didn’t break S&P 1385. And it rallied in the next 3 days to a higher high, […]

The market did pulled back on the 1st two days, and continue its rally pushing prices above last week’s high. Congrats to all those who bought the dip. On next week’s outlook, let’s see the charts. Last week, I mentioned that before a confirmation of change of behaviour from bear to bull, usually a double […]

As we had anticipated, the market has finally bounced, and rallied pretty sharply. Could it be the start of a reversal or just a dead cat bounce? On the weekly chart of the Dow and S&P500, on the two occasions in the last 2 years, before any reversal, there’ll be a retreat from its bounced […]

The start of the trading week did pause, but it failed to hold and prices followed the bear to head down deeper into the south. The global economic outlook is rather sluggish, and US is facing the fear from ‘Fiscal Cliff’ right after the presidential election. The worries in Europe are far from over. Is […]

Hope you have profited from the range before the election kick off last week. Right after the election, the market continued southwards. Let’s take a look at what the chart has to say about the outlook next week. We are still in mid-term down trend, confirmed by EMA and RSI. Momentum is still favouring the […]