Last week I didn’t have time for updating my web site. There are only two facts: 1) The market was rising again, this time on earnings 2) I am no longer strongly convinced that the market will go down. That means I will stay aside a bit in regards to trading SPY. We may go Continue reading →
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 →
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 →
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 →
Market ends third quarter with heavy losses
As I wrote in my previous post, investors were just buying a pure wishful thinking, hoping for better times, improvement and trying to avoid recession (in their thoughts). Although some data from US came better than expected, they weren’t strong enough to offset bad data from Europe. So watch the European debt crisis, since it Continue reading →
Impressive rally today, but not convincing
The market rallied (SPY) today and the rally was impressive after a week of fall. But what is behind this rally? Let’s take a look at fundamental reasons, at least, what I could see on the Internet: Stocks jump on hopes for a Europe fix; Dow up 272 That’s what Yahoo! says as its top Continue reading →
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