Thursday’s markets made a surprised move, defying all the known signs of an intra-day crash shown on Wednesday. Remember that we had an avalanche of market amidst high volume, plus negative news affirming the strong bad sentiment at a time of overbought condition. Nevertheless, this unexpected move did not produce any action or window to [...]

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We have another non-event on Wednesday. The market was digesting both the negative and the positive news at the same time. In my view, there were more bad news than good but the markets closed with a small gain. I will not want to speculate the direction of the markets for now. Let the markets [...]

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Tuesday’s markets did not immediately return to its bullish mode. The Dow was beaten down to a loss of 168 points before closing with a reduced loss of 105 points. Chartwise, the Dow’s bullishness is maintained at this point. All other indexes such as S&P500, Russell 2000, and Nasdaq-100 are showing the similar pattern.
Yes, the [...]

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Monday’s market is a non-event. This is a very normal phenomenon after a breakout. In fact, this is the kind of setups that I expect to see after a strong rally or a crash. Exactly why they happened this way is not clear. I can only speculate that it was due to profit taking. Anyway, [...]

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