We are going up on extremely low volume,there is no conviction on the upside from big institutions. 1120 to 1150 is the major resistance band. Watch out for pull back!
On the other hand if S&P500 moves above 1150 we would have potential to shoot for 1200. Note S&P must stay above 1150 to hit my bullish target.
This is an interesting interview I recommend to watch it.
Jim Bianco on the U.S. Economy & Housing Market
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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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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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