The Santa rally is still in effect despite some economic/market hurdles.
Let's see with the remaining trading days if it will continue.
Tuesday, December 18, 2012
Market Rally
The market did rally today not only due to fiscal cliff seemingly positive resolution but also from the participants bullish conviction.
The Santa rally is still in effect despite some economic/market hurdles.
Let's see with the remaining trading days if it will continue.
The Santa rally is still in effect despite some economic/market hurdles.
Let's see with the remaining trading days if it will continue.
Market Rally Is Now For Real?
I guess that's what these chart sentiments is showing.
It's only natural for the market to stall it's traction, but the conviction for Santa rally is still there.
It's only natural for the market to stall it's traction, but the conviction for Santa rally is still there.
Sunday, December 16, 2012
Trading Come 2013
Two weeks left trading the market this year of 2012 and we have to start planning come 2013.
If we did not do pretty well this year, we have to regroup and learn from it.
Let's move ahead and forget the mistakes.
The important thing is we have to learn from them and not (try) to repeat them again.
We need to be more passionate with our trading endeavor - as ever.
We have to look forward since trading (the market) is a forward moving train.
Sometimes we have to stop and examine what's ahead so that we can plan our moves.
This coming 2013 it seems more hurdles in the market.
Let's just explore whatever opportunities the market offers.
Let's stay cool, calm, balance, and not be driven by the impulsive euphoria.
In that way we can trade better with concrete evidence and not succumb to temptation.
I learned that trading is not to trade often, be selective with the trade locations, and need not listen to anyone except to our own self.
Looking forward for a better trading come 2013.
If we did not do pretty well this year, we have to regroup and learn from it.
Let's move ahead and forget the mistakes.
The important thing is we have to learn from them and not (try) to repeat them again.
We need to be more passionate with our trading endeavor - as ever.
We have to look forward since trading (the market) is a forward moving train.
Sometimes we have to stop and examine what's ahead so that we can plan our moves.
This coming 2013 it seems more hurdles in the market.
Let's just explore whatever opportunities the market offers.
Let's stay cool, calm, balance, and not be driven by the impulsive euphoria.
In that way we can trade better with concrete evidence and not succumb to temptation.
I learned that trading is not to trade often, be selective with the trade locations, and need not listen to anyone except to our own self.
Looking forward for a better trading come 2013.
Saturday, December 15, 2012
A Derailed Santa Rally
The rally that i had been watching in the market the past week is having a hard time getting its traction.
I guess the Santa rally everybody is expecting has been derailed due to the fiscal cliff problem.
Only two weeks left trading the market before 2013, and it seems the market will just consolidate.
Though there might be some spike(s), but profiteers will just annihilate whatever market spikes will erupt before the year ends.
It is still a traders market, better for the investors to take the holiday break now.
I guess the Santa rally everybody is expecting has been derailed due to the fiscal cliff problem.
Only two weeks left trading the market before 2013, and it seems the market will just consolidate.
Though there might be some spike(s), but profiteers will just annihilate whatever market spikes will erupt before the year ends.
It is still a traders market, better for the investors to take the holiday break now.
Tuesday, December 11, 2012
Market Will Santa Rally?
The way it looks with this daily chart from the Nasdaq futures, there is a 'spring coil' the market rally.
It is forming an inverted head and shoulder pattern, or a cup with a handle.
A pattern that a bullish scenario is unfolding the last few weeks of market trading this year of 2012.
The way i look at it, the target till the year ends is at around 2800.00 plus.
A buy signal is now appropriate with stop at 2600.00.
Let see come the days ahead if it will sustain.
It is forming an inverted head and shoulder pattern, or a cup with a handle.
A pattern that a bullish scenario is unfolding the last few weeks of market trading this year of 2012.
The way i look at it, the target till the year ends is at around 2800.00 plus.
A buy signal is now appropriate with stop at 2600.00.
Let see come the days ahead if it will sustain.
Monday, December 3, 2012
It's Santa Rally...Really?
Showing this daily chart from the Nasdaq QQQ already rallying up after some profit taking (correction).
As i mentioned from my previous post, a Santa rally might be on the way and i think this chart is proving that.
It formed a "v" formation since it bottom(ed) in mid November session.
The way i look at it, seems it is forming an inverted head and shoulder pattern here.
A sign that the bullish sentiment from the participants is highly probable.
It might struggle a bit (maybe?) in a few days, possibly a week or so but this i think the rally is on the way.
Lucky for those who where able to buy at the bottom.
In the meantime, for us traders, let's take the market on a daily basis and explore the opportunities.
As i mentioned from my previous post, a Santa rally might be on the way and i think this chart is proving that.
It formed a "v" formation since it bottom(ed) in mid November session.
The way i look at it, seems it is forming an inverted head and shoulder pattern here.
A sign that the bullish sentiment from the participants is highly probable.
It might struggle a bit (maybe?) in a few days, possibly a week or so but this i think the rally is on the way.
Lucky for those who where able to buy at the bottom.
In the meantime, for us traders, let's take the market on a daily basis and explore the opportunities.
Friday, November 23, 2012
Friday's Market
The market opened today on a high note.
It gap up in the open after the holiday break.
All the market did was to buy...buy...buy...and the sellers (shorters) were absent (where are they?).
It will be a short trading day today for the market will be closed at 1:00 pm. ET.
Let's see come Monday's market if the positive sentiment will continue.
Today's market is the best day for would be traders or for those struggling/losing traders (like this one).
Not much noise/volatility for the notorious HFT's are still drowning from the devil spirit of alcohol (err... wine?) because of the holiday? Sorry...just trying to sensationalized this post a little bit to make some attention from my readers... if there are!
But who am i to categorized that this kind of market is best to trade while the majority of the participants are out.
Through market presence regularly i can say that was the market behavior since started watching the market from years back.
It's like taking advantage from the drunkards while they are drowning and steal? profit from their absence.
The market is an exercise of human behavior and if you can read their minds (the minds of the markets), you can make the difference and take opportunities that the market offers.
It gap up in the open after the holiday break.
All the market did was to buy...buy...buy...and the sellers (shorters) were absent (where are they?).
It will be a short trading day today for the market will be closed at 1:00 pm. ET.
Let's see come Monday's market if the positive sentiment will continue.
Today's market is the best day for would be traders or for those struggling/losing traders (like this one).
Not much noise/volatility for the notorious HFT's are still drowning from the devil spirit of alcohol (err... wine?) because of the holiday? Sorry...just trying to sensationalized this post a little bit to make some attention from my readers... if there are!
But who am i to categorized that this kind of market is best to trade while the majority of the participants are out.
Through market presence regularly i can say that was the market behavior since started watching the market from years back.
It's like taking advantage from the drunkards while they are drowning and steal? profit from their absence.
The market is an exercise of human behavior and if you can read their minds (the minds of the markets), you can make the difference and take opportunities that the market offers.
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