Ok ! we got the bounce that I was looking for. S&P500 exceed my previous forecast by 25 point. I was looking for a bounce from 1040 to 1090 but it moved to 1105. Note S&P500 has potential to rally higher as long as it stays above 1075, but I'm going to play aggressive. S&P500 from 1100 to 1131 is a good short entry, stop lost at 1140.
If S&P500 stays above 1131 for a couple days you have no business to be bearish. Lets see what's going to play out by next week.
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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.
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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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2010
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Sep
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- Get ready for the big move in S&P500
- Portugal Government Bond Signalling Problem
- James Chanos on Chinese Economy
- Alan Greenspan Interview with PBS
- Market rallied hard in face of bad news!
- S&P500 Technical Analysis (09/23/2010)
- This amazing LOL
- S&P500 Technical Analysis (09/19/2010)
- Treasury Bond Technical Analysis Part-II (09/14/2010)
- S&P500 Bullish Scenario for 4Q 2010
- S&P500 Technical Analysis Base On The Elliott Wave...
- LIBOR & Ted Spread Chart (09/10/2010)
- New Jobless Claims is not accurate (9/9/2010)
- Interview with Michael Lewis, author of "The Big S...
- Treasury Bond Technical Analysis
- Nouriel Roubini on the U.S. economic growth in the...
- Market update (09/03/2010)
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Sep
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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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