We had a very short trading week due to Sandy. On Wed when the market opens, Dow and S&P500 rallied off support to its short term resistance, and pull back to near support zone. Is this a bullish sign or a bearish sign? Let’ take a look at the charts. On the weekly chart of […]

The sales worth waiting for is now on. Many stocks are looking cheap now after the big picture (Dow & S&P500) has broken the support level. But, stocks can get even cheaper if the market continues to slide deeper. How low can it go? Let’s take a look at the charts. We are into the […]

Market might have trapped the bulls who longed during the initial rally of the week. Last Friday’s action caused Index to read near the previous week’s closing. Has the market changed its tide? What does it suggest about next week’s price action? The EMA on the Dow and the S&P 500 had crossed on the […]

The VIX did rallied and Market made a pull back. Next week market performance would determine if the market has finally turned its tide. Dow and the S&P500 had closed below the low of its previous two sessions. It is often a warning sign. Most people would have been stopped out by now as it […]

The market did a pullback (13424 on the Dow; 1439 on S&P500) and rallied to close around the same range at last week prices. If you are a short term trader, hope you have been profiting from the dips. Let’s take a look at what the charts have to say about next’s week outlook. The […]

The market did pull backed resulting in a red candle for the week. Is it going to be dip in an uptrend or start of a correction? Let’s take a look at what the chart says. MACDH ticked down on the weekly. RSI did a pull back into neutral zone from its overbought level. The […]

The Dow and S&P has continued to stay UP. This overbought situation has happened a few times during the bull run since 2009’s rally. Will history repeat itself? Let’s take a look at the chart. The weekly Dow & S&P chart seemed to be saying they do no wish to go down. This situation can […]

The strength of the bulls is confirmed as of last week’s market performance. It has put the market in an overbought zone. But be very wary that this overbought zone can be extended for a period of time. Check out the weekly charts below. Both the Dow and S&P is on an uptrend. RSI and […]

The first two trading day did dipped lower, however, it started to rally on Thurs instead of Fri. Thurs’ rally rekindle the strength of the bulls. We have to give the bulls the benefit of the doubt that this trend is going to continue. My doubt for the bull run had paid the price as […]

The market dip lower last week which still confirms the short term down trend. As the Dow rallied to 13176, just 1 point higher than last Fri high, it began to fall. S&P 500 did the same as it moved up to 1416, just 3 points above 1413, and it started to pull back. I […]