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'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.

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. 

 

 

Wednesday's Market

The market barely made a move last Wednesday's trading.

Partly because of the Thanksgiving day.

Participants are already preparing for the turkey feast.

Not much volume was recorded but the sentiments is still bullish as can be seen from the charts below.

Let's see come next week regular trading if it will continue.

But i guess there is some sluggish trend in the coming days or weeks probably.

Meanwhile, let's have some market break!

 

 

The Market Really Bounced!

As i mentioned from my previous post, the market is ready to bounce and it did today.

If that is for real, i don't know, let's see in the coming trading days.

But as now the way the market is acting, looks like it's the start of the Santa rally.

 

 

 

 

Start of the bounce?

The way market action last Friday seems the start of the bounce?

I guess so, by looking at the chart you can notice that the participants jumped in aggressively and bought the market between 11:00 am. and 12:00 noon ET.

I presume it might continue to struggle for a while but the Santa rally is in the offing.

It will consolidate within a week or so and might rally from thereon.

Let's see come Monday's trading if the sentiments look positive.

 

And Apple (APPL) stock is now being sold daily by the profiteers.

A sign that the $1,000.00 per share valuation is now impossible to reach?

The way it looks from this daily chart, it reached already the maximum price.

Time to get out while there still some profit?

 

 

 

 

And facebook (FB) is now a buy?

Seems so as this daily chart is showing.

What's Happening With The Market?

Is the market plunging?

That's what these charts says so!

Unless Santa will rescue the market and pour/print some money to buy the market, there will be no sign of relief.

Bears are on a roll and the bulls are covering in darkness.

Time for the 'dip' investors to look for bargains, if they still have some 'parked' money.

Let's see in the days or weeks ahead if the market will run out (of sells) and time for the buyers to step in.

But i guess this market correction will stay for a while possibly weeks/months before it can get back its traction.

Let's just all be patient.