The market on Monday was a non-event. The markets are consolidating for a continuation of the current trend – which is bearish. The SPX chart is particularly more revealing than other major index charts. It has formed a Doji. This means investors are re-assessing their portfolios to decide for the next investment move. As the [...]

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Alright, we finally have a go. Short-side, that is. We shall expect the market to fall to the target support of 11800/11900 for Dow and 1320 for the S&P. With the crude oil price poised for another round of increase, we cannot yet determine if these levels are going to hold. Furthermore, the consumer confidence [...]

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The bulls refused to give way to the bears on the second day after the Friday’s crash. But the both bulls and bears scored even. We have stalemate. Now, what this means is we just have wait for another day for hint for the next trading day. The point here is to buy into the [...]

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