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Tag Archives: market analysis
On reactive trading and why I don’t make market forecasts anymore
It seems to me that the popular trading blogs have one thing in common. They all make some form of forecasts about the market, or even better, calling out to a particular stock or currency pair. My guess is that there’s a lot more people looking for trading ideas for quick profits than actually interested [...]
How Goldman Sachs Robbed You and Me of $3 Billions in 3 Months
After watching the videos below, and from months of observation of this latest global financial debacle, I am suddenly awashed with a feeling of hopelessly powerless to this gross unfairness. In which the average, hard working citizens are pouring money into the pockets of the filthy and uber rich. If you don’t know [...]
Inter-market analysis after a new 2009 high in the equity market
The market made a new high for the year on Friday. There’s no doubt that the current trend is very bullish with the recent relentless climb since March. See Figure 1.
However, why was 1025 on the S&P500 (for example) so hard to break? Since the market doesn’t operate in a vacuum. Here’s a look at [...]
A technical analysis of 80 years of S&P500
One of the earlier popular post on this site is my view on the pre-tech-bubble trendline from before year 2000. However, that trendline was broken in October 2008 as I’ve noted.
Since the recent actions in the market has often been compared with the Great Depression, I’ve decided to chart S&P500 all the way back to [...]
Weekly Market Review: July 24, 2009
After touching the neckline on the head & shoulder formation last week, the market has been steaming upward at an unstoppable pace. Retracements have been shallow throughout this upward climb.
We’re now testing 980 and the market just closed a hair beneath it on Friday. Today’s (Friday) volume has been intriguingly low. However, it bears remarkable [...]
Weekly Market Review: July 10, 2009
We finally broke below the well-known support of 880 for the S&P500 (Figure 1). However, I don’t think we should short aggressively just yet for the following reasons. Click here to continue reading... (187 words)
Lack of volume in the breakdown of support. As I said, we need some momentum to break our trading range. Even [...]
Weekly Market Review: July 3, 2009
I completely forgot about my weekly market review because of the July 4th long weekend! Here’s a quick snapshot of the market from last week before the market opens.
Just when everyone is expected the week to pass by without much affair, S&P500 tanked 8 points at the open on Thursday (Friday was closed for July [...]
My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
Lucky exit for CAD/JPY long yesterday, downtrend resumes now?