Technology
Dow Fails At 30DMA As Expected…
The Dow turned around at its 30DMA as I have expected, closing lower by 119 points despite a better than expected ISM Index. Fundamentals The first of this week’s super heavyweight data, the ISM Index, turned in slightly better than expected but all it led to is a profit taking sell off that took the [...]
Continue reading...End of Another Dead Cat Bounce…
2 September 2011 – 3:37 am PST
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The Dow continued to move largely sideways today, closing within yesterday’s trading range up by 53 points. Fundamentals There was a lot of optimism in the morning session as much better than expected Chicago PMI and Factory Orders led to a wave of early buying. In fact, the market was already pointing sharply higher on [...]
Continue reading...Another Dead Cat Bounce Ending…
31 August 2011 – 3:30 am PST
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The Dow slowed its pace of advance today, closing marginally higher by 20 points as it comes up against the 30DMA resistance level. Fundamentals Economic data turned in pretty mixed today; Better than expected sales data in the morning was quickly hammered down by much worse than expected consumer and investor confidence data released after [...]
Continue reading...Dow Rises As Expected…
31 August 2011 – 3:30 am PST
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The Dow rallied today by a huge 254 points as I have expected yesterday on dangerously low volume. Fundamentals A wave of optimism swept through global markets Monday as the hurricane situation in the US subsides. US index futures were pointing higher prior to opening also on the better than expected Personal Income and Expenditure. [...]
Continue reading...More Uncertainty Ahead…
29 August 2011 – 3:30 am PST
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First of all, let us thank the Lord for weakening Hurricane Irene as it reached the east coast, preventing the kind of massive damage that was previously anticipated. The Dow made a positive week last week at last after four consecutive down weeks, gaining 466 points on a week on week basis. In a week [...]
Continue reading...Limiting Maximum Monthly Subscriber for My Stock Picks Service…
28 August 2011 – 3:30 am PST
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Due to overwhelming response, I have decided to limit the maximum monthly signup for my Master’s Stock Options Picks Service to only 30 a month. This is to ensure the liquidity of the positions that I recommend and also create an exclusivity to those 30 subscribers. So, be one of the 30 winners today! Check [...]
Continue reading...Dow Retreats on Jobless Claims Disappointment
26 August 2011 – 3:30 am PST
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The Dow retreated 170 points today as jobless claims disappoints, putting pressure on an already scared market. Fundamentals US market took a hit today as jobless claims turned in worse than expected before market opened. Analysts were expecting jobless claims to turn in lower this week at 405K versus last week’s 412K revised number but [...]
Continue reading...New Dead Cat Bounce Starts…
24 August 2011 – 3:45 am PST
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The Dow staged a technical rebound today by 322 points as expected despite worsening sales data. Fundamentals US market opened up to an optimistic start today as global markets continue to climb higher prior to US market opening. The strong opening led to an immediate profit taking from some investors exiting on strength but selling [...]
Continue reading...Short Term Rebouding Coming Again
24 August 2011 – 3:45 am PST
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The Dow moved sideways today, closing marginally higher by 37 points. Fundamentals Chicago Fed turned in better than expected today before market opened even though it was still a negative number. This, along with the generally more optimistic global sentiment before market opened, took the market higher right from the opening. However, investors seeking to [...]
Continue reading...New Bear Trend Coming Up?
22 August 2011 – 3:30 am PST
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Aug 21, 2011 The Dow continued to slump last week amidst worse than expected economic data and global debt issues, retreating 451 points on a week on week basis. Yes, this bear market isn’t just about the credit rating downgrade by Standard & Poor’s anymore but also about economic data collapsing back down to about [...]
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2 September 2011 – 3:52 am PST
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