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Archive for October, 2011

Posted by Martin October 11, 2011

Will the market skyrocket or dive?

We have had an impressive re-bound these days, but is this rally sustainable? The market is already showing a sign of weakness. Today’s trading is forming a shooting star candle (we are not done yet, so by the end of the session all can be different). The volume is rising and we seem to be Continue reading →

Posted by Martin October 10, 2011

Is the market rebounding?

Today’s trading, although based on hopes, could be read as a reversal approach. We broke significantly above 50 day MA. The volume was a bit weak, but still, the rally can count as a breakout. The question is whether it will mark a rally attempt and we are ending the bearish trend or this would Continue reading →

Posted by Martin October 10, 2011

Here we go again, hopes, pledges and promises

Market is growing again. On hopes, promises and pledges. A big bang is close, when those idiots in the market realize, that these are just plain promises which cannot be accomplished without hard and merciless changes or cuts. While talk of a strategy is encouraging, the lack of details is keeping investors and markets on Continue reading →

Posted by Martin October 07, 2011

Unbelievable movement of the market

I am surprised what moves the market today. When you look at all data coming out of Europe and the US, one cannot believe this market is rising. Well, it is happening (maybe today I should say it was happening, since I think we are at reversal). I swallowed my pride, sold my SPY puts Continue reading →

Posted by Martin October 05, 2011

Stocks rise on hopes for European banks

In the article on Yahoo.com “Stocks rise on hopes for European banks” I have found a following comment from a user named Kristen: Last night, John Moulton, in an interview on the news said that the EU has no real plan to shore up the debt crisis & in essence, US traders will believe what Continue reading →

Posted by Martin October 05, 2011

SPY rised almost 2% on hopes for rescue of European banks

The market (SPY) rised on hopes and wishful thinking today on mediocre volume. Nothing exciting today. “The market is trading on sentiment right now, not fundamentals,” said Rob Stein, head of Astor Asset Management. “People are hoping that the bounce yesterday means that we’ve hit a bottom, but the problems that were in the economy Continue reading →

Posted by Martin October 04, 2011

Stock market in rollercoaster

Wow, today’s trading was really crazy! I must admit I suffered some big hits today. Well, overall I am still up and making money, but some $500 day loss. Little bit less than that, actually. What’s crazier here is the reason for such irrational move of rallying up in the last 30 minutes of trading. Continue reading →

Posted by Martin October 04, 2011

Fed is going to help faltering economy, said Ben Bernanke

(Reuters) – The Federal Reserve is prepared to take further steps to help an economic recovery that is “close to faltering”, Fed Chairman Ben Bernanke said on Tuesday. Great! And investors got crazy about this proclamation and started buying. Good move if you want to lose money. Are these idiots out there blind? O.k. I Continue reading →

Posted by Martin October 04, 2011

S&P 500 enters a bear territory

Experienced traders and investors analyzing markets on daily basis knew this in the beginning of August 2011. The market started this process of reversal in February 2011. we went sideways and we were creating a head and shoulders pattern (see my previous posts speaking about it during June and July, when this was becoming more Continue reading →

Posted by Martin October 03, 2011

Korea Halts Trading After 5% Slump

South Korean shares opened sharply lower Tuesday as investors offloaded stocks following a slide on Wall Street and amid concerns that Greece is slipping closer to a default. The Korea Exchange briefly halted program trading to alleviate some of the selling momentum after the main Korea Composite Stock Price Index share index fell over 5%. Continue reading →