12/04/2009 美股评论

12/04/2009 美股评论

Updated view to 12/03/2009

Conclusion: bearish, at least for the tradable short term.

INTC Gap Up with volume and closing at main resistent line shows its up-potential disappearing, so does CSCO which however is stronger.

AMZN has formed at least temporary top.

GOOG Gap Up and closing with big red bar and big volume shows topping.

MSFT/ORCL will be observed with close foucs as flag because they are on the triggering point for both directions.

XOM representing oil sector continued to show weakness.

Added short positions from 30% to 55%.

12/03/2009 美股评论

MSFT/GOOG: High open and low close, turning weak at the last 15 minutes
AMZN: High open and low close, sale pattern for the whole day

These three stocks indicate at least a retreat even if the general trend is still bullish.

XOM representing oil sector shows weakness, so do PG/PFE the leaders for SPX.

Closed all long positions and just entered 30% short positions.