Daily Commentaries
THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN.
I see the used to be amazingly aggressive buying on every dips got weaker and weaker. [Read the Rest]
...Tow cents:
- Chart pattern wise, at least one more push down is more likely, chances are it’d break below the 05/09 lows.
The SSO GTC Buy Limit order still is valid.
The system will try to long bond the next Monday, so set TMF buy stop at $68.77, stop loss around $63.16, for about 90 shares. [Read the Rest]
...As mentioned in the yesterday’s Featured Stock report, a gap down today would invalidate the Head and Shoulders Bottom pattern, instead it’d be a Bear Flag therefore chances are more selling ahead. [Read the Rest]
...THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN.
The rebound still was weak, now we can see a Bear Flag kind of shape emerging from water, so the bias is on the downside now. [Read the Rest]
...TMF stopped out flat.
SSO buy order not filled but still valid. Remember it’s GTC Buy Limit, not a Day Buy Stop. [Read the Rest]
...For AAPL, still it could be Head and Shoulders Bottom but no more pullback allowed here, so gap down tomorrow then the pattern is invalid, the rebound would be dimed as weak rebound therefore chances are the selling isn’t over yet. [Read the Rest]
...As mentioned in the yesterday’s report, whether the 05/09 low is the short-term low or the intermediate-term low, I need see how rebound goes first. [Read the Rest]
...THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN.
The rebound was weak, but I’d like to give bulls a little more time as the chart pattern is ambiguous not absolutely bearish, which I’ll explain in tonight’s report. [Read the Rest]
...For SSO buy order, please refer to today’s Trading Signals for more details. It’s basically the Cobra Impulse System.
...WHERE ARE WE?
- There might be a chance we see a small lower low tomorrow but basically the low might be in or very close.
THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN.
For 3 consecutive days bulls bought the dip aggressively, so I still think a rebound of some kind is due. [Read the Rest]
...First of all, because now the system uses smaller stop loss for bond, so in order to save capital, TMF and TMV pair are used, instead of TLT and TBT pair. [Read the Rest]
...Nothing new to say today except that BSO style sentence: so far goes as planed. The reason I post an update here today is we have some newcomers, they probaly don’t know:
- The Portfolio Update is the last report of the day, so if you see Portfolio Update first without Featured Stock then today we have no update on Featured Stock.
