MARKET COMMENTARY
Wow, the markets continue to weaken, in spite of the widespread oversold condition. Bad sentiment still puts pressure on the bulls from making any attempt to rebound. So far, the Dow has been making a straight line down without any sign of bottom. There is not a single technical indicator can make any sense [...]

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It’s been a long day on July 1. Many people could probably have passed a verdict on the market for being bearish until the second half of the day. The Dow made a strong rebound, reversing the 160 points loss at the lowest point in the day, to a 32 points gain. With little regurgitation [...]

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The Dow has finally breached the major support of 11700-800 zone. Now, the market will continue to head down amidst rebounds along the way. Technically, there is no bottom in sight. And, I don’t like to make conjectural prediction on the long-term market trend, though this is a start for a prolonged downturn in the months to [...]

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We had a very volatile trading day on Wednesday. The Dow went up at the opening bell but lost its steam a couple hours later. After the Fed’s announcement, the index shot up to over 100 points, only to see it came back barely breaking even for the day. On the outset, I personally did [...]

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The bottom of the Dow was finally hit on Tuesday. This 11800 level is the key support. A rebound can be expected. Any crash below 11800 spells disaster to the financial markets. More crashes would follow. The markets have to decide what to do now. Coincidentally, the Fed’s FOMC falls on Wednesday. This could be [...]

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