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2023-11-10 Market too strong today
(2023-11-10 11:36:45)
Marketisverystrongtoday,particulalrytheNAZtechmarket. Justexecutemyplan,i.e.ShortSPYaround439.7Xwithsmallposition(15%offund). Seeyounextweek,andgoodlucktomyselfthistime. [阅读全文]
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11/9/2023: Do not buy at the resistance level.
(2023-11-09 16:28:06)
Donotbuyattheresistancelevel,anddoNOTsellatthesupportlevel.ThisiswhyIclosedallmypositionaround436forSPYonlastFriday(11/3/23). Movingforward,apparentlytwokeypoints:(1)436areaisstilloneofthebigresistance;(2)tomoveupward,fillingtheGapSPY(435to439area)isstillabigchallenge. ItisprettyhardtostartanytradingrightnowforSPY@433.84.MyfirsttradingchoicewouldshortSPYaround438areawhenitbounceback,andcutlo...[阅读全文]
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11/3/2023. SPY another Gap up, closed all positions.
(2023-11-03 10:40:22)
11/3/2023.SPYanotherGapup,closedallpositions. Justclosedallmypositions,asitreachedtomyinitialtargetSPY436.Itwasachievedsoquicklywithinoneweek,whichisevenbetter.Yes,alsocoveredtheshortpositionopenedyesterday,withsmallloss. Thewaythemarketingisdoingrightnowissocrazy,andIreallydonothaveclearideawhereitwillgofromnow. Ineedtotakeabreak/reflectionandcelebrationfortherecenttradingsontheheavyposi...[阅读全文]
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OMG, the Gap up just skipped the first resistance SPY 424
(2023-11-02 11:43:20)
TheSPYGapupisabigsurprisetome,butitisgoodone,andIloveit. Technically,itisalittlebitover-boughtinthepast3days,soIjustsoldabout50%ofmySPYpositions.Butloadedabout10%ofshortpositionofSPYjusttohedgetheover-boughtriskincase. IfmarketgoeswithinwhatIamexpectingnow,i.e.marketwillpullbackabout1%inthenext2to3days,Iamgoingtocovermyshortpositions. ThelongpositionSPYwilllikelygotomyinitialtargetaround4...[阅读全文]
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11/1 It is a big day on bull side today.
(2023-11-01 14:53:52)
Itisabigdayonbullsidetoday. SPYclosedabove421,i.e.justabove200MAasIexpectedearlytoday,TechNazclosedabove13000,whichisanimportantemotionalpointforbulls. Ifthelinefollowsthroughinthecomingdays,justholdtightyourlongpositions.Goodluck. [阅读全文]
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10/10/23. Looks like the market confirmed for SPY @ 432 area
(2023-11-01 08:01:12)
LookslikethemarketconfirmedSPY@432today.ItwillfollowthroughtheuptrendstartedfromOct4inthecomingdays.However,today’sopeningiskindoftoohighwhichaccumulatedmoreintenseRSI.Thisalsocausedabearishinvertedhammercandlestickpatternintheveryshortterm.Solet’sseeifitcanholdSPYabove432inthecomingdays. PersonallyIstillbelievethemarketwilltesttherecentresistanceareaSPY443inthecomingdays,theremaybe...[阅读全文]
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10/11 Uptrend is still strong
(2023-11-01 08:01:05)
SPYisdoingwelltodayasbondyieldsfall,andinvestorsarestilldigestingtheFed’sdata,whichprobablydependsontheconsumerpriceindex(CPI)datascheduledtobereleasedtomorrow(10/12).
Technically,theSPYshowsadailyBullishhammercandlestickpattern,whichsuggesttheuptrendstrengthisstillnotwearout.
FeelliketheSPYwillfilltheGapSPY435to438inthecoming1to2tradingdays.AnywayitstillintheuptrendtracksinceOct...[阅读全文]
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10/14/23. It is a disruptive hit on Friday
(2023-11-01 08:00:57)
TheSPYpulledbackabout1/3intwodaysfromrecentgainsinceOct4,whichisprettydisruptivefortheexitinguptrend.InvestorsarestilldigestingtheFed,marketdata,andmaybeMideastwarconcerns. Technically,itisnottoosurprisinglythatthemarketpulledbacksomegainasIsaidearly“Smallpullbacks”.Apparently,thefirstattempttofillingthegapSPY(435to439area)failedthisweek. Lookingforward,let'sevaluatetheshortt...[阅读全文]
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10/17, Be flexible, shift Gears When The Market Changes if
(2023-11-01 08:00:44)
Beflexible,andshiftGearsWhenTheMarketChangesifapplicable. LookslikecurrentkeylevelofSPYisaround436now,eitherbreakupto443,orpullbackto426area.Thetradingbreadthisprettynarrowinthepastseveraldays,almostwithinthebreadthofOct12.Sothemarketstillnotdecidewhichdirectionyetnow. ConsideringsomanyuncertaintiessuchasthewarIsrealvsHamas,hopefullyitwillbesuchconstrainedatlocallevel.Butwhoknows,ifitexpands...[阅读全文]
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SPY Gap (135 to 138 area) filling failed again.
(2023-11-01 08:00:24)
Apparently,the2ndattempttofilltheSPYgap(135to138area)failedthisweek.MarketwillbemorevolatileduringtheEarningseason. Ifputthemarketin6monthrange,thechartisstilldowntrendnow,thenextSPYsupportwillbearound421.Goodluck. [阅读全文]
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