Market Opinion for Trading Week 26 Aug ~ 24 Aug 2013
Have fun trading !~ |
| SPY - 5 Days |
Week closed at 166.62 up from previous week of 165.83
VIX hit 16.
Accuracy : 11/22
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
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
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
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| 9 Sectors - 3 Months |
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| 9 Sectors - Weekly |
Currency
Bonds
NYSE Volume
Weekly volume much lower than average.
Economic Data
Not much on Jackson hole meeting.
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
Volume : 79,197,200
Range : 163.7 to 170.60
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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