MARKET COMMENTARY
 
The Dow dropped 700 points, almost erased all the 900-point gain made on Monday. I had initially wary of more upside move before a reversal. Apparently, the rebound on Tuesday was the completion of the much needed technical rebound. With the heavy loss on Wednesday, we can expect a test of the new low [...]

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MARKET COMMENTARY
I had expected a halt of the crash and a bounce on Thursday but all these failed until Friday - a one-day delay. Yes, that one-day can be significant and would make someone make or break. Well, this is trading. There is no guarantee, only opportunity. Anyway, the rebound occurred at only the last [...]

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MARKET COMMENTARY
The markets made another 180 degrees turn - extremely volatile and difficult to decipher the next direction on daily basis. The Dow gave back almost all the gains made in the previous day. Volume also surged strongly on this trading day. Given this scenario in conjunction with other indexes, Wednesday’s market can very well [...]

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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 and other indexes made a big U-turn on Friday. While many would try to find the appropriate reasons for the big change of event, it is actually a technical one. Oil price is still a bad reason for the change. In fact, this time the oil price may be going up again [...]

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