Tuesday, August 06, 2013

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

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