Tagged "Exhaustion"

Two cents:

1. SPY had a biggest red bar recently plus volume surge so it could be an exhaustion bar. Plus now NYMO now is extremely oversold, which is among a very few signals that cannot be argued.

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Two cents:

1. Most likely the selling isn’t over. So no lower low, simply keeps bouncing tomorrow, it’s a sell opportunity. I don’t mean you should sell tomorrow of course, will have to wait and see.

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SHORT-TERM: HIGHER HIGH AHEAD BUT COULD SEE PULLBACK AS EARLY AS THE NEXT MONDAY

Three cents:

1. Most likely we’d see a higher high ahead.

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SHORT-TERM: IN WAIT AND SEE MODE

For now I cannot say whether today’s rally shows a renewed bull strength or simply is an exhaustion bar, so need see tomorrow or the day after tomorrow for the follow through. [Read the Rest]

SHORT-TERM: COULD SEE PULLBACK AT LEAST TOMORROW MORNING

Two cents:

1. May see pullback at least tomorrow morning.
2. The market is not out of the wood yet, dangers are still high it would sell off given the fact that Euro still looks weak.

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SHORT-TERM: MORE UP AHEAD BUT MIGHT NOT GO VERY FAR

Three cents:

1. More up ahead. I really mean more, not just a higher high tomorrow.

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SHORT-TERM: MAY SEE HIGHER HIGH TOMORROW BUT A PULLBACK OF SOME KIND IS DUE

Three cents:

1. Higher high ahead. Again, please pay attention to my wording, it’s HIGHER HIGH not HIGHER CLOSE.

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SHORT-TERM: IN WAIT AND SEE MODE

Three cents:

1. Could see red day tomorrow and more likely today’s low will be revisited.

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SHORT-TERM: WE MIGHT HAVE ONLY ONE DOWN DAY UNTIL FOMC 

Nothing to say today, as per the 7 days rule, today should be the only red day before the FOMC Wednesday, so if red again tomorrow, then it only proves again that so far we have (had) is (was) just a rebound. [Read the Rest]

SHORT-TERM: MAY SEE PULLBACK TOMORROW, NOT SURE, BUT LIKELY MORE UPSIDE AHEAD

The market closed at a very subtle position, for the follow 3 reasons, there’re some chances we’ll see a pullback tomorrow. [Read the Rest]

SHORT-TERM: REBOUND, IF ANY, IS SELL

Two conclusions:

1. Could see a rebound as early as tomorrow.
2. Rebound, if any, is sell.

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SHORT-TERM: COULD SEE PULLBACK AS EARLY AS THE NEXT TUESDAY

First of all, for fun only, here’s a bearish biased evil plan. [Read the Rest]