We got the "dead cat bounce" that I mentioned in my previous post.
S&P500 volume was 50% higher than its average in down day, this is called institutional selling.
We are at a support (~1035) if it won't hold the next stop will be 1020 then 990-1000 which is 10% drops from high.
We could easily go down 10%; so far we dropped 5.8% we have 4.2% to go. Then we should wait to see if big guys are going to press buy button or not?
Don't be stupid and start to buy just because a support line held, wait for big institutions to start the buying frenzy then there is plenty of time for you to buy.
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I do my best not to use complex economics terms and make this blog useful for everyone in any level of investment. The main focus will be on technical analysis, but macroeconomics & microeconomics will be covered as well.
If you recently become my reader, I highly recommend reading "Popular Articles". Just scroll down, you can find it in this column.
If you recently become my reader, I highly recommend reading "Popular Articles". Just scroll down, you can find it in this column.
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2009
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Oct
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- S&P500 Short Term Supports (10/31/09)
- Some thought on Market
- Natural Gas Technical Analysis, (Part 5)
- Why weak dollar is not good for U.S. economy?
- This week, earnings would give some outlook on job
- Amazon Real Rally Or Short Squeeze?
- U.S. Dollar Index Technical Analysis (Part-10)
- LIBOR-OIS 3M Chart (10/19/09)
- Human right
- S&P500 Short Term Resistances/Supports (Oct/18th)
- U.S. Dollar Index Technical Analysis (Part-9)
- DOW JONES 10000!
- Banks Earnings: Just a Mirage?
- S&P500 short-term support/resistance (oct 14th)
- TED Spread Chart
- Interview with Jospeh Stiglitz on recovery
- August Trade Data Show A Modest Improvement
- Fed Quantitative Easing
- S&P500 Possible Moves in October 09
- S&P100 Possible Moves in October
- U.S. Dollar Index Technical Analysis (Part-8)
- Shanghai Composite Index Technical Analysis
- Robot war
- TED Spread hit 5 years low
- S&P500 short-term support/resistance:
- LIBOR-OIS 3M (USD) Oct 2nd
- Jobless Recovery!!! HA-HA
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Popular Articles
- Option ARMs Tsunami Is On The Way http://the-us-microeconomics.blogspot.com/2009/08/option-arm-tsunami-is-on-way.html
- QE2 positive and negative effects on the economy http://the-us-microeconomics.blogspot.com/2010/11/qe2-positive-and-negative-effects-on.html
- Japan Started The Second Rounds Of Quantitative easing http://the-us-microeconomics.blogspot.com/2010/10/japan-started-second-rounds-of.html
- The End of Mark-to-market Accounting Rules End of Transparency Era http://the-us-microeconomics.blogspot.com/2009/04/mark-to-market-accounting-rolls-end-of.html
- Why weak dollar is not good for U.S. economy? http://the-us-microeconomics.blogspot.com/2009/10/why-weak-dollar-is-not-good-for-us.html
- Bullish scenario, Inverted Head and Shoulders Pattern http://the-us-microeconomics.blogspot.com/2009/07/inverted-head-ans-shoulders-pattern.html
- Why Did LIBOR & TED Spread Drop? http://the-us-microeconomics.blogspot.com/2009/05/why-did-libor-ted-spread-drop.html
- Job lost & GDP Outlook http://the-us-microeconomics.blogspot.com/2009/05/job-lost-gdp.html
- Why Public-Private Investment Program(P-PIP) Will be a Failure? http://the-us-microeconomics.blogspot.com/2009/04/why-public-private-investment-program.html
About Me
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- I’m a financial analyst. I'm a bear. I use fundamentals and technical analysis in my investments. I’m a big supporter of the Austrian School of economic thought, but at the time of crisis I believe Keynesians get it right. I always have an eye on macro & microeconomics, I’m a contrarian analyst. Be advised that the views and opinions expressed here are subject to change based on market, economic and other conditions. They are the illustrations of broader economic themes and in no way guarantees your profitability by trading Securities mentioned. I do not claim or guarantee that you will profit from the information provided. I will not be held responsible for any investment actions that you take as a result of Securities mentioned. I’m neither your investment adviser nor your financial broker. Consult with your broker before start to trade any securities. Futures and options on futures trading involve substantial risk and is not a suitable investment for all type of investors. The information given is intended to be an aid to your own investment process, and your investment actions should solely be based upon your own decisions and research.
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