20130626044007.png)
Wednesday, June 26, 2013
Market is 'now detoxicated'?
Market is correcting, as shown from this daily chart, for a while? It is showing resistance as of this posting. But I guess it is forming a head and shoulder type of pattern, a sign that the bearish formation is still valid. The market is quite volatile the past trading weeks or months, it is acting in not so unpredictable move. It is like a 'drunken' individual ready to run 'amok'. That's why engaging the market when it is acting like that is not advisable, just wait when the market is already 'detoxicated'.
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Monday, June 24, 2013
I told you so...'Bank Your Profits...Now or Never!'
Validating my post last April 21, 2013 that I titled 'Bank Your Profits...Now or Never?' was a reflection that the market was at the top and needs correction.
The daily charts below says it all!
And the historic market adage 'sell in May and go away' is quite valid.
20130624072927.png)
20130624073658.png)
20130624073745.png)
The daily charts below says it all!
And the historic market adage 'sell in May and go away' is quite valid.
20130624072927.png)
20130624073658.png)
20130624073745.png)
Saturday, June 22, 2013
Market Exuberance
Been a while not posting on this blog and was quite busy trading the market exploring the market exuberance. Trading the market the past few weeks was quite challenging and nerve wracking if i may so. The market was on the uptrend the past months or so but was on the downtrend or in its choppy mode since the second week of May. From then on the market was on its unpredictable behavior, it's like bull today bear tomorrow.
From this daily chart of the Nasdaq 100 (NQ futures, and also it is similar to the other leading indices, the S&P 500 and the Dow), you can see the participants behavior was quite imbalance, seems its suffering from ADHD? The market from then on was for the traders, not for the investors? The traders are making tons of losses and winners, the losers are the novice traders and the winners are the pros. But if you are an individual trader trying to capitalize on the market imbalances and you do your trading based from your own understanding, you can do quite well. You have an advantage over the other ordinary individuals who are just on the fence doing nothing. That's why the market is attracted to other creative individuals who are exploring other opportunities. The market offers great opportunities to everyone and it's there for the taking, you just have the interest in learning how the market works.
20130622071843.png)
From this daily chart of the Nasdaq 100 (NQ futures, and also it is similar to the other leading indices, the S&P 500 and the Dow), you can see the participants behavior was quite imbalance, seems its suffering from ADHD? The market from then on was for the traders, not for the investors? The traders are making tons of losses and winners, the losers are the novice traders and the winners are the pros. But if you are an individual trader trying to capitalize on the market imbalances and you do your trading based from your own understanding, you can do quite well. You have an advantage over the other ordinary individuals who are just on the fence doing nothing. That's why the market is attracted to other creative individuals who are exploring other opportunities. The market offers great opportunities to everyone and it's there for the taking, you just have the interest in learning how the market works.
20130622071843.png)
Tuesday, June 11, 2013
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