Afterrisingmorethan4%lastweek,itisexpectedthatsomeconsolidationwilltakeplace.andiftheconsolidationcomeswiththelightvolumn,itisevenmoreencouraging,sinceitindicatesmoststockholdersdidnotrushtotaketheprofit.So,hopefully,wewillseeareboundtomorrow.
However,weareataverydelicatepoint,almostalltheimportantindexesareupagainsteither50days'MAor20days'MA,itisalmostamakeorbreaktime.Eventhoughourshorttermin...[
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Therearemanywaystoreadthemarket.Oneofthepopularonesisthesuperbowlindicator.ItisclaimedthatwheneverNFCwinthesuperbowl,Bullmarketfollows.Ifthatisindeedthecase,tonight'swinbyGiantshouldbodewellforthemarket.Whatagameitwas,itisoneofthebestsuperbowlsIcanremember.
Fromagrandschemapointofview,however,thetrendisstilldown,eventhoughthedownwardmomentumisslowed.thelastweekwasoneofthebestweekforalongtime,t...[
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Dowcrossed12600levelagaintoday,asnotedbefore,thisisanimportantlevel,ifthemarketcanholdinthislevel,wemaysee13000levelsoon.Itiscertainlyagoodday,asBullsarevindicatedbytheactionafteryesterday'sratecut,assayinggoeswholaughtthelastlaughtthebest,andcertainlythebullshasthebestlaughtoday
Itmakestomorrow'sjobnumbercrucial,agoodnumberwillpushthemarkethigherandinstillmuchneededconfidenceintothemarket.阅读全文]
Thebull(meincludedfortheday)wasrightforanhour,butintheend,itisthecrowdof"sellingintothenews"wonattheend.Howdisappointingitwasasexpectationwassohigh,eventhoughthemarketwasvirtuallyflatformostpartofthedayNowwhat?TheDOWwasbrieflyabove12600,thefailuretobreakthatlevelposesomequestionsashowstrongthis"ratecut"inducedreboundis?wemayneedtowaitalittlelongertoseethisdownwardtrendtochange.However,unlesswehave...[
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Youcouldthanktoday'sdurablegoodsnumberforthemarketrisingtheseconddayinarow.Thewallstreetclearlyshowedthementalityof"eatthecakeandhaveit".TheyobviouslywishedthattheFEDwilllowertheinterestrateandtheeconomyremainsstrong.
Theymaygettheirwishes.
Ibegintobelieveifthemarketgetwhattheywant,meaning50bpscut,wemayseesomeupsideofthemarketfromhere.
1).themarketisclearlyoversoldasmanystockshavealrea...[
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Today'sgain,albeitencouraging,neverthelesscomewithlowvolumn.Thereisnothingwrongwiththis,anditprobablyisverynormal,asbiggunsareinaholdingpatternasnobodyliketocommiteitherwaysuntilFEDpicturebecomeclear.ChairmanBenisamanliketosurprise,becausehebelievein"asurpriseratecut"couldtemporarilysupportthemarket.--hehasauthoredanarticleonthatwhenbackinhisacademicdays(WSJ).andhecertainlypracticewhathepreached,t...[
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Alotofeconomicdata(inflation,job)plusFEDmeeting,anddonotforgetearningsfromMCD,3M,americanexpressetc,thenextweekwillbeoneofthebusiestweek.SorryIwaswrongonlastthursday'sblog,ImusthavelookedaheadwhenIwrotewewouldseejobreportlastFriday.
Obviously,noneismoreimportantthanWednesday'sFEDdecision.BasedonthebarrageofcritisismoftheFED'sactions,itwillbeinterestingtoseewhattheFEDwilldoandhowthemarketreact....[
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Today'sactionismoreencourgingthanyesterday,Yesterdaycanbeattributedtoatechnicalbounce,likearubberband,ifitisstretchedtoofarononeside,itwillbounceback.Today,thereareactuallyaseasawfight,andattheendoftheday,theBullwonconvicely.
Therearesomemacroeconomicreasonsaswhy,thegoodinitialclaimreport,thestimulaspackagepassedbycongress,andsomegoodearningreportfromqcom,nokiaetc..Also,wewillhaveanotherFEDmee...[
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Adayliketodayobviouslyworthnotingforthebull,becausemanyreboundsbeginwithabigreverse,however,onehastorememberthatthisisonlyanecessarycondition,notasufficientcondition.Inotherword,abigreversedayliketodaydoesnotalwaysgurrantteaninflectionpoint.
Moreover,itsmellsmorelikeashortcoveringthananythingelse,asamatteroffact,manystocksheldwelllatelylostthegroundtodaywhilethosestockssufferedmostgetthebigges...[
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Ifa75bspratecutcannotproduceapositiveday,whatelsecould?thatisprobablythequestiontoconvicepeopletoabondontheideathata"bottomed"marketwillstageaquickrebound.
Officially,weareintoabearmarketforNASDAQ(20%downfromthehigh),so,thefirsthalfoftheyearisgoingtobechanlleging.however,withtheratecutandgovernmentstimulaspackage,wemayindeedwillhaveanotherupyear.
thatisthebigpicture..whatabouttheshortterm?...[
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