Sunday, February 28, 2016

Likely To Go Higher

One thing I have learned a long time ago is that the market will never ring the bell to inform us it has made a top or a bottom, or it has changed direction. I also have learned the market never hides its intention and it will always let us know what it plans to do. What it doesn’t tell us is where, when and how.

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Sunday, February 21, 2016

Market Still Hanging On

The market still hanging on after a nice bounce off the recent low near 1800. Although the SP500 did not get above the potential double bottom pivot, it hasn't collapsed back to the recent low. It could be simply digesting some of the recent gains before it makes another attempt to break above the pivot high and move to retest last September FOMC meeting level near 2020 on the SPX.

In this video, a review on what the crude oil, gold and the stock market did last week and what to monitor for the coming week. In addition, a review of the following MOMO stocks: AAPL, FB, NFLX, TWTR, AMZN, GOOGL & TSLA.

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Monday, February 15, 2016

It's Not All Magic!

Sometime things do appear to be magic, but do not be fooled, there is nothing magically about the market. The market is a reflection of the human emotion; how it react to various news announcements, geopolitical events, rumors, etc. If one simply focus on the price action and how it is being auctioned up and down, then one can see there is nothing magically about the price, it is all about what the market participants perceived as value.

In this video, we will look at the futures for crude, gold, bonds, US dollar, the indices along with the cash indices to get a sense where it might be headed in the near term. In addition, we will look at these MOMO stocks: AAPL, FB, NFLX, TWTR, AMZN, GOOGL, TSLA, and see what they might do in the near term.

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Thursday, February 11, 2016

The Magic Of Symmetry

The world operates in a mysterious way. There are things that just can’t be explained and act as it is magic, and one of those things is the Fibonacci symmetry.

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Monday, February 8, 2016

A Negative Start

February started with a negative tone. The SPX ended the week by losing 60.19 points or -3.1%. New low still outnumber new high, but the advance/decline is holding up while the index is making lower low. This slight positive divergence could be signaling a near term bounce.

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Wednesday, February 3, 2016

Move On Up

After Friday's rally, many market participants were disappointed on Monday by a lack of follow through rally. Instead of a rally, the market sold off on Monday and that prompted many market participants to question once again whether the market is entering into a bear market.

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Monday, February 1, 2016

Magic Carpet Ride

Here is what has transpired for the SPX, ES_F and the SPY. Hope you are enjoying the magic carpet ride!

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The Magic Continues

The market continues to hold above its 1/20/2016 low and appears be headed higher in the near term. Take a look at the following charts and observe how the price converges toward a particular level, sometime it seems like magic!

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