Market Opinion - Trading Week #33

Market Opinion for Trading Week 26 Aug ~ 24 Aug 2013

Have fun trading !~

SPY - 5 Days

Recap on last week

Week closed at 166.62 up from previous week of 165.83

VIX hit 16.

Accuracy : 11/22

Market

167 will be a strong resistance base on the price volume. If it manage to break above and stay above 167. It should attract more bulls.

Commodities

Sectors

9 Sectors - 3 Months

9 Sectors - Weekly

Currency

Bonds

NYSE Volume

Weekly volume much lower than average.

Economic Data

Not much on Jackson hole meeting.

Earnings
Earnings highlights this week :

Tiffany & Co. (NYSE: TIF)
Campbell Soup (NYSE: CPB)
Salesforce.com (NYSE: CRM)
Brown-Forman (NYSE: BF-B)
Joy Global (NYSE: JOY)
Sanderson Farms (NASDAQ: SAFM)

Technical

ATR : 1.34 from 1.3 last week

Avg Volume : 128.97M from 132.75M
Volume : 79,197,200

Zone Probability

Range : 163.7 to 170.60

Psychology

Check out the weekly candle stick pattern. What's your feeling of the candle ?
Bulls pushing back to hold the price or short seller covering. Bears are taking a short breather.

Pattern

Season and Cycle


Scenario
If you're the big boys, what would you do to make more profit  !
Volumes are dropping. Probably more sitting on the sideline watching.


Opinion of the Market next week : sideways with little upside

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Market Opinion - Trading Week #32

Market Opinion for Trading Week 19 Aug ~ 23 Aug 2013

Have fun trading !~

Recap on last week

SPY - 5 Days

Week closed at 165.83 - down from the previous week of 169.31 

Yes it did but not much downside, this may attract the short seller to come in to continue some short dip.

They came and its gotten volatile with VIX picking up.  

Accuracy : 11/21

Market

Commodities

Sectors

Currency

Bonds

NYSE Volume

Economic Data

No data on Mon and Tue. Majority of the market probably waiting for fomc minutes to do short term reaction.

Earnings
Earnings this week :

Technical

ATR : 1.3

Volume : 132.75M

No go zone
Anything not higher than 172.33 and not lower than 159.33

Psychology

Check out the weekly candle stick pattern. What's your feeling of the candle ?
Bears are in control and the bulls are waiting...

Pattern

Season and Cycle


Scenario
If you're the big boys, what would you do to make more profit  !

While most of the ppl are having bearish sentiment for one of the most bearish month of the year. Big boys probably do more whipsaw movement between 168 to 171.

The price tanked and now the bulls commitment gonna be test at 165. Which could be the pivot point to do the whipsaw ranges for big boys.


KaChing $



Opinion of the Market next week : sideways to the downside

Market Opinion - Trading Week #31

Market Opinion for Trading Week 12 Aug ~ 16 Aug 2013

Have fun trading !~

Recap on last week

Week closed at 169.31 down from the previous week of 170.95.

Is it a true breakout, will it hold at 170 which is a big round number ? Or it's a wash and rinse on the top side.

Yes it did but not much downside, this may attract the short seller to come in to continue some short dip.

Accuracy : 10/20

Market

Commodities

Sectors

Currency

Bonds

NYSE Volume

Economic Data

Earnings
Earnings this week :

Technical

ATR :

Volume :

No go zone
Anything not higher than

Psychology

Check out the weekly candle stick pattern. What's your feeling of the candle ?

Pattern

Season and Cycle


Scenario
If you're the big boys, what would you do to make more profit  ! While most of the ppl are having bearish sentiment for one of the most bearish month of the year. Big boys probably do more whipsaw movement between 168 to 171.



KaChing $



Opinion of the Market next week : flat to the downside

Market Opinion - Trading Week #30

Market Opinion for Trading Week 5 Aug ~ 9 Aug 2013

Have fun trading !~

Recap on last week

SPY - 5 days

Week closed at 170.95 up from previous week of 169.11.

Is it a true breakout, will it hold at 170 which is a big round number ? Or it's a wash and rinse on the top side.

Accuracy : 9/19

Market

Commodities

Sectors

Currency

Bonds

NYSE Volume

Economic Data

Earnings
Earnings this week :

Technical

SPY - Daily

ATR :

Volume :

No go zone
Anything not higher than

Psychology

SPY - Weekly

Check out the weekly candle stick pattern. What's your feeling of the candle ?

Pattern

Season and Cycle


Scenario
If you're the big boys, what would you do to make more profit  ! People looking to buy at support of 170, push it up a little before rinsing down to collect the stops.

KaChing $



Opinion of the Market next week : flat to the downside