Oops,thismarketwaystrongerthanIexpected.(ItoldyouI'malwayswrong,hehe)Evennextweekcouldseesomepullback,(ifany,maybeevennopullback)weshouldseeahigherhi,marketlikelywilltest10800/10900&2100levelearlytomidJun.Nasdaqcouldevengohigherto2150level.ButatthemidtolateJuntimeperiod,duetoFedworry(ifcoutinueraiserate)andcorpoptionexpenseissueetc,thisrally(youcancallitsummerrally,evenlikelyitwillstoparoundsu...[
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MarketisdoingitsshorttermfinaldiveasIexpected(see04/24).Bottomlikelywillbearound05/03Fedmeeting.Marketwillgosub10000/1900level.Nowmymarketindicatorsstartseepositivediverges.With10yearnoteat4.16%andoildownto51.20,a3~4weekssee-sawrallylikelywilldevelopeafterFEDmeetingtoworkoutmarketoversoldcondition.ThenwaitfortheJun/Julytimebigsplash.Somaybeit'stimeyoushouldfindabetterpointtodo"sellatMayandgoaway"o...[
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Hi,everyone
Lastcoupleofweeks,marketvolatilityupalot.Lotsof100ptupordowndays.Up200ptmakeyoufeelgood,thencrashdownrightawaythenextday.Thislooktomemorelikeamarkettopthanbottom.Iexpectmarketdowntoward05/03Fedmeeting.Atleastretestlow,broken1900/10000.Evenhaveaslimchancedownto9900/9700and1850/1870areas.ThenmarketgoesseesawtradinginMaybutgraduallygoeshighertoworkoutoversoldcondition.ThebestIcanseeisu...[
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IexpectC.Oilfurture(CLM5),tradebackdownto$50-$52areaverysoon.(now$53.20)Sooilstockshavelittlemoredownsidenextcoupleofweeks.(I'mtoochickentoshortoilstockshere)Longertermoilandoilstockswillgowayhigher.Sowaitforthebuyondipopportunity.
Goodluck&happytrading
Alwayswrongbutneverindoubt
mzc[
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Sameasmyviewyesterday,Idon'tbelievethisistherealuptern.Iexpectmarketdownverysoon.ItcouldleadbySOX.It'snotashortfornowforthewholemarketunlessyoudodaytradeor1-2daytrade.Butnotabuyyet,atleastwaitSOXreachabout375area,thenmaybe.Soholdyourcashandwait.Goodluck&happytradingAlwayswrongbutneverindoubtmzc[
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Don'tchasemarkethere.Iexpectaretestlowortest10,000/1,900levelorevenlowerinlaterthisweekornextweek.Lastfewday'sbounceisonlyaonehitwonder.Atleastyoucangetabetterenterpointforshorttermtradeinlaterthisweekornextweek.
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Lastweek,marketmakemefeeltimecompressed.Mytargetformarketforthenextfewweeksmostlycametruewithinoneweek.
Ok,ok,oilintradaylastweekbrokenmyprojectfloor$50by25centsto47.75(Maycontract).ButJunfuture(CLM5)stillat52.06.NextweekwhenMaycontractexpire,oilcouldhavesomebounce.CLM5couldevenbounceto53.5area,butexpectadownturntofollowandtothe52-50range.PersonalIstillsticktomy$50willbefloorforoilguess.Itmight...[
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TRANchart[
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Myoiloutlook[
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Hi,everyone
LastTh.VIXgivemeaBUYsignal.ButFri'stapeactionlookverybad.Idon'tlikeselloffonFriwithTRANdownbiggest%in2years.
NextweekwillbeOEweek.WithlastFriday'sselloff,wemightseesomefollowthrough.Atleastmarketmighttestlastweeklow.
Asamatterfact,currentmarketjustlooklikethemarketatbeginingofFeb.Forthenext2to4weeksIexpectmarketsidewaybutworkitswayhigher.DOWshouldinrange10350~10650withpossibit...[
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