Monday, August 12, 2013

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

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