Subscribe to Quantisan
Tag Archives: weekly review
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. [...]
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 [...]
Weekly Market Review: June 26, 2009
The market dropped almost 20 points on Monday followed with Tuesday touching 888 on the S&P500. Then starting Wednesday, the market steadily climbed its way back to exactly where it started at the Friday close at 918. Doesn’t this get monotonic? I seem to be writing the same thing every week for the past month [...]
Weekly Market Review: June 19, 2009
The market gapped down on Monday and never recovered this week. We tested the support from late June. In other words, the market gain from June has evaporated. What it means next week is that we’re at least trading in a lower trading range now. This could be the start of the long-awaited retracement. Let’s [...]
Weekly Market Review: June 12, 2009
The market continues to be at a stalemate this week. The trading range of 925-950 identified last week remains intact. However, the 40 day MA finally touched the 200 day MA today (Figure 1). We should see the 50 day MA following suit next week. With the price being so tightly squeezed now, there really [...]
Weekly Market Review: June 5, 2009
We started June with a sizable gap up on Monday. For the rest of the week, not much have happened as we nearly closed the gap on Wednesday and made a double top this morning (Figure 1). Nevertheless, we have maintained an elevated level above 940 on the S&P500 throughout the week. Interestingly, we closed [...]
Weekly Market Review: May 29, 2009
It can’t be a coincidence that on the last trading day of the month, the market made a 10+ points run (S&P 500) in the last 5 minutes to close at just below 920 and back to where we were 3 weeks ago. Note in Figure 2 that we’re still below the recent uptrend. The [...]
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.
Weekly Market Review: July 24, 2009