MARKET COMMENTARY
Dow gapped big upon opening but only to see it falling back mid-day before closing higher. The bailouts of Fannie Mae and Freddie Mac are seen as a positive move by the US government. Nevertheless, this is a single event that sparked the rally but not a general market view. Certainly, the effect of [...]

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MARKET COMMENTARY
The Dow crashed 345 points to make it more than half way to 11,000 support level. This is an important move that could drive the market much lower, kicking start a new round of sell-offs to lower level. Friday’s market should take on the cue of Thursday’s trading result and go lower. But it [...]

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MARKET COMMENTARY
The bullish outlook for the markets is not as promising as anyone’s hoped for. In fact, the market can brace itself for a sell-off this coming week, despite of the positive mood for the strong rally in the past two weeks. Most of the indexes had a nice bull run so far. However, based [...]

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MARKET COMMENTARY
The Dow had a good run amid high volatility. But the bullish euphoria sank after around 1 pm during the day. At closing, we basically have not seen anything particular useful technical setup for trading and for getting a glimpse at the likely new direction.
Just as yesterday, the Dow continues to swing within the [...]

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MARKET COMMENTARY
The markets are trading within the boundary of the triangle. Although the Dow drifted lower, it still stayed firm above the uptrend line (solid blue) as shown in the chart. Now, we have a conflicting set of bullish and bearish indicators. On one hand, the price and indicator divergences are seen. It has also [...]

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