MARKET COMMENTARY
The Dow surged on news of positive economic growth. This is a major market-mover information; hence, it push the Dow higher. We may see further increase in the index but with limited extension. This is because of the strong resistance hovering just above it. If this resistance is breached, then we will have strong [...]

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MARKET COMMENTARY
I hope some of you had caught some fishes on Thursday. There were so many of them that I do not have enough lines to catch them. The Dow has finally done with the rebound - so are other major market indexes - and made a big U-turn. Although there are market commentators who [...]

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MARKET COMMENTARY
Water is rising. Fishes are swimming. They are swimming your way! How glad it is for me to see the rebound while I am still shorting? No, I am not nuts. In fact the rebound is very healthy. It will give me the much bigger drop later when the rally fizzles. I often talk [...]

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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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