These are the kind of people bailing out the entire Europe economy.
Stock market rally like the problem is all behind us. Cheers !!! 
Thursday, October 27, 2011
27th Oct 2011–Europe is bailed out! Cheers !!!
Tuesday, October 25, 2011
25th Oct 2011–Mum, there is GoLD in there!
| Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses | Duration |
| 157.80 |
|
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| 158.00 |
|
|
Reason for Buy / Sell / Sell Short / Buy Back:
- Price touch the down part of the flag formation. Safer for an entry.
Lesson Learnt:
- According to textbook, this flag formation could lead to more downturn, we will see.
- After purchase, price has gone up on top of daily 123MA line and now sitting on the 18MA line.
| Intraday Chart |
|
|
| Historical Chart |
|
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Monday, October 24, 2011
24th Oct 2011–My Analysis
BULL or BEAR ??
| Short term (1 week) | Notes |
|
| -- I am breathless. The 30 years SPY chart actually shows that both the 18MA line and resistance trend line have been taken out. A very bullish indicator. -- Weekly UUP chart also shows that its 18MA line has been broken downward. Another bullish indicator for stock market. |
SPY (30 years monthly) chart:
Input:
- Both resistance line and 18MA line have been taken out. A very bullish indicator.
Next Week Economic Data (1 week):
Input:
- Quite a number of events on tap. Expecting a volatile market.
- With VXX and all 3 indexes coming to tipping point, it is going to be a wild ride.
VXX chart:
Input:
- Support from weekly 18MA line and trend line at 40.00
SPY chart:
Input:
- Daily SPY is coming towards its daily 123MA line, the last defense line for the Bear.
DJIA chart:
Input:
- Similar to SPY.
NASDAQ chart:
Input:
- NASDAQ is already at its daily 123MA line and trying to break through.
UUP chart:
Input:
- Weekly UUP chart shows that price has break downward through its 18MA line.
- This could be very bullish for the stock market.
Sector Analysis:
-NA-
Input:
- Running out of time.
Copper JJC chart:
Input:
- Daily JJC did a double bottom and bounced back up to its daily 18MA line. A very bullish indicator.
GLD and SLV charts:
Input:
- Daily GLD chart is very interesting. It found support at trend line ~ $156 to $157, rebounded there and sit on top of daily 123MA line.
- It is now sandwiched between daily 18MA and 123MA line.
- SLV found support at its weekly 76MA line. Resistance at $32.00.
Petrol and Natural Gas charts:
-NA-
Input:
- Running out of time.
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
Input:
- Daily FXI found support at its 18MA line and is trying to break through its down trend line.
Baltic Dry Index chart:
Input:
- Nice up trend. Seems like this is a good indicator on the stock market.
Sunday, October 16, 2011
16th Oct 2011–My Analysis
BULL or BEAR ??
** I have decided to change the format for my Market Analysis Page to this new format.
-- to include the 30 years SPY, DJIA and NASDAQ charts.
-- to predict only the next one week move.
-- to include the Dr. Copper.
| Short term (1 week) | Notes |
| | --SPY, DJIA and NASDAQ have all overtake its 20MA line for 30 years chart, incredibly. -- However, all 3 indexes MACD is doing bearish cross. -- Unemployment high, USA and Europe debt all seems like not a problem. -- Market seems to like the protest that is going on world-wide. -- Looking at the way VXX is falling, there are still room to drop which means there are still room for the bull to run. -- Baltic dry index continue to rally. -- FXI is testing its strong resistance line now. |
SPY (30 years monthly) chart:
Input:
- Incredibly, the 30 yrs SPY chart overtake the 20MA line, which is definitely a bullish indication.
- Does that mean history for "1" and "2" will not happen?
- Should I wait till the end of month before I know the truth of the direction?
DJIA (30 years monthly) chart:
Input:
- Incredible! Overtake 20MA line.
NASDAQ (30 years monthly) chart:
Input:
- Incredible! Overtake 20MA line.
Next Week Economic Data (1 week):
Input:
- Quite a number of reports coming up with Ben's face too.
- Could well be a volatile week.
VXX chart:
Input:
- Fall through 20MA and 50MA line for daily chart.
- Weekly chart shows that the next support line is at around 40.oo and a much stronger support is at around 36.00
SPY chart:
Input:
- Weekly chart shows that it is approaching the 20MA line resistance which is 123.
- Daily chart shows that it seems to have overtake the high side of the rang-bound.
- The rally was impressive.
DJIA chart:
Input:
- Daily chart shows that it has reached the upper band of its range-bound and is more likely to overtake the resistance.
- Monthly chart shows that it is now facing resistance from 20MA line.
NASDAQ chart:
Input:
- NASDAQ chart is the most impressive among all 3 indexes.
- It is now facing 200MA line at its daily chart and 50MA line resistance at weekly chart.
UUP chart:
Input:
- Quite a drop for UUP in a week.
- Next support line is at $21.60 and $21.50.
Sector Analysis:
Input:
- XLK is the best performer.
- Quite a mix pictures. Some have overtake their resistance and some are still been bounded.
Copper JJC chart:
Input:
- Copper has rebounded and now retesting the 500MA line.
GLD and SLV charts:
Input:
- GLD rally back with below average volume.
- Daily chart shows that it is now sitting on the daily 20MA line but reaching the resistance line of $165.00.
- Daily chart shows that SLV is facing resistance from 20MA line at $32.00.
- Weekly SLV chart also shows that there is a resistance line at $32.00 too.
Petrol and Natural Gas charts:
Input:
- USO has rallied together with the market.
- UNG is retesting its daily 20MA line.
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
Input:
- FXI has rebounded well and now reaching the resistance line of $35.00 and 50MA line.
Baltic Dry Index chart:
Input:
- The rally of Baltic does have legs.
- There is nothing that I can find to support the rally of the stock market except this one.
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