12-21-07
The market decided to go up at last. The up day friday has broken the high of 12/17/07 and closed above 13400. All these happened is conjunction with better earnings(especially RIMM), higher consumer spending and the VIX coming below 20 for the first time since 10/18/07. Technically speaking, it started a new bull trend. Well, there are 5 more trading days to end of this year and has plently of time for Santa Clause to do his stuffs! Lets see if Dow trade up above 13700 next week.
Saturday, December 22, 2007
Thursday, December 20, 2007
Rollor Coaster
12/20/07
Oracle (ORCL) lifts stock market closing higher after Dow was traded negative in the mid-day. In term of candlestick, it is still a spinning top which means no strong trend direction indicate ongoing days. Tomorrow is option expire trading day and it may have wider range before the holiday. RIMM, it traded about 10% higher market close since it posted stronger earning and raise next quarter guideance. Tech may bring another bullish day tomorrow.
Oracle (ORCL) lifts stock market closing higher after Dow was traded negative in the mid-day. In term of candlestick, it is still a spinning top which means no strong trend direction indicate ongoing days. Tomorrow is option expire trading day and it may have wider range before the holiday. RIMM, it traded about 10% higher market close since it posted stronger earning and raise next quarter guideance. Tech may bring another bullish day tomorrow.
Wednesday, December 19, 2007
Whipsaw Day
12-19-07
The Dow index has made a higher high and higher low today, which makes it a bullish day instead of bearish day. If Dow can trade above the high of 12-17-07, that a giant break with giant rally back above 13500 level. With important GDP final Q3 number tomorrow morning, expect it probably worst than estimate and see if Dow remain on bullish side to trade up. Morgan Stanley (MS) was reported a big loss earning this morning and MS stock close in positive note. So, it could assume the mild bullish sentiment remain as Dow ended down -25, Nasdaq up 5.
The Dow index has made a higher high and higher low today, which makes it a bullish day instead of bearish day. If Dow can trade above the high of 12-17-07, that a giant break with giant rally back above 13500 level. With important GDP final Q3 number tomorrow morning, expect it probably worst than estimate and see if Dow remain on bullish side to trade up. Morgan Stanley (MS) was reported a big loss earning this morning and MS stock close in positive note. So, it could assume the mild bullish sentiment remain as Dow ended down -25, Nasdaq up 5.
Tuesday, December 18, 2007
Indecision day
12/18/07
ECB is pumping $500 billion into european banking system to ease tighten credit market. With US stocks index are trading breakout the 2 days Falling Bulls Wedges and close positive, expect season hoilday quite trading on coming days. But friday is so called triple witchs ( Options expire for stocks, indexs & commodities), it may has wider intra-day range trade for that day. Dow may retrace more upside before heading down again since all indexs are not oversold yet. Solar stocks are still relative strong and it seems keep this way for the rest of the year unless stock markets are breakdown below 12800 level.
ECB is pumping $500 billion into european banking system to ease tighten credit market. With US stocks index are trading breakout the 2 days Falling Bulls Wedges and close positive, expect season hoilday quite trading on coming days. But friday is so called triple witchs ( Options expire for stocks, indexs & commodities), it may has wider intra-day range trade for that day. Dow may retrace more upside before heading down again since all indexs are not oversold yet. Solar stocks are still relative strong and it seems keep this way for the rest of the year unless stock markets are breakdown below 12800 level.
Monday, December 17, 2007
Stagflation worry
12/17/07
The former Fed Chairman Greenspan warned of possibility "stagflation" and 50-50 chance of US recession commented on the economy over the weekend. Also, this morning the NY empire manufacturing index is slowing down more than expected. All US stock market indexs are following the downward movement which closed at 13167. It is so funny seeing Citigroup downgrade several banks stocks, JPM, BAC, USB ...etc. Citigroup (C) itself is also trading near 52 weeks low. It is definitely that DOW 13000 is next level that will be seen very soon.
The former Fed Chairman Greenspan warned of possibility "stagflation" and 50-50 chance of US recession commented on the economy over the weekend. Also, this morning the NY empire manufacturing index is slowing down more than expected. All US stock market indexs are following the downward movement which closed at 13167. It is so funny seeing Citigroup downgrade several banks stocks, JPM, BAC, USB ...etc. Citigroup (C) itself is also trading near 52 weeks low. It is definitely that DOW 13000 is next level that will be seen very soon.
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