Market Opinion for Trading Week 19 Aug ~ 23 Aug 2013
Have fun trading !~ |
| 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
Earnings
Earnings this week :
Technical
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 !
KaChing $
Opinion of the Market next week : sideways to the downside
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 this week :
Technical
ATR : 1.3
Volume : 132.75M
Anything not higher than 172.33 and not lower than 159.33
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
No comments:
Post a Comment