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Friday, June 06, 2008

Down trend for sure

Today's brutal down fall give us a positive signal that down trend is going to dominate again. It ends four months of rebound effort for the stock market.

Wednesday, June 04, 2008

Market Watch

Interesting to see QQQQ is holding strong, but I think it will follow DIA very soon.

Financial, bank and home construction sectors are continuing their downfall. Airline tend to rebound after oil drop a bit.

Financial and bank sector is still the key. Market's movement will act on its performance.

Wednesday, May 21, 2008

Possible market reversal, down trend ahead

Financial, banking, and home construction sectors are very week, most of them drop below their support lines already. Looks like we are going back to down trend situation. At least more market correction.

Friday, May 09, 2008

Market Watch

Market correction. If the market can rebound today or next Monday to stand above its support line, then the trend is still moving upward. Otherwise, expect more market correction to come

Falling again
After all the rebound (last four months) for the home construction sector, most of them are now fall below their support lines.

Potential sector: Solar
Look how much that ENER raise on its ER day. Maybe you can find the next star from this sector: CSIQ, LDK, JASO, ASTI, SOLF, TSL, SPWR, etc...

Wednesday, April 23, 2008

Market Watch

Stock market : remain upward so far, the key is financial sector

Sector:
Up a lot lately, some likely to pull back
Agricultural
Energy
Solar
Technology
Steel
Home construction

China stocks are likely to start rising from bottom, (CHNR, JRJC)

Still under water
Financial, mortgage
Bio-tech, Drug

Falling
Gold

Thursday, March 20, 2008

Market tend to break resistance line, dunno if it wil last

To my feeling and observation of the stock market, it's starting to rise from the bottom if the market continue to rise next week (at least short-term, don't know about long-term). Some stocks have been jump up and break their resistance lines.

Monday, November 12, 2007

Bear market and recession for sure

Downtrend should be dominated for the next couple months.
DJIA: Support 11500 - 12500
NASDAQ: Support 2300 - 2400

Friday, November 02, 2007

Stock market remain negative

Stock market remain negative, but maybe a bounce on Monday.

CTRP, RIG

Dow Jones drop below 50 day MA line. And NASDAQ still has a lot of room to fall.
China and Hong Kong stock market will continue to fall.

Tuesday, October 23, 2007

Market become neutral

Today's stock rebound back to above the 50 day MA support line. And a lot of stocks like AAPL, GOOG, AMZN, FSLR, and etc are reach their new time high.

Downtrend would most likely resume again if it can not break the 20 day MA resistance line.

Thursday, October 11, 2007

Market correction has begin

Today's market decline is not a good sign. Market correction is underway. Besides, a lot of stocks have raised too high lately (for example: technology and China stocks)

We should hold cash, wait or short.

Tuesday, September 18, 2007

Back to Bull again

NASDAQ and Dow Jones are both break their resistance lines today. Most sectors like home construction, mortgage, financial and energy have formed and recovering from their bottom. Technology sector remain strong (stay above thier support lines.

Thursday, July 26, 2007

Bear Market begin

Do not buy or hold stock for long now. Down trend begin for the whole market. Most sectors have already down for a while (break down their support line). Technology sector is the last one.