MARKET COMMENTARY
 
There was no reason for the severe market sell-off in Asian market on Friday. The Dow fell 500 points after market opened. In an oversold market, further drop may be limited. What we have experienced so far is unprecedented and considered an exception. Dealing with situation like this, we have to be extra careful. [...]

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MARKET COMMENTARY
Despite the approval of the bailout plan by the House, the U.S. market tumbled immediately after the votes were out. A strong gain of 250 points at around noon had turned the day of trading to a loss of 157 points. This, indeed, is a very bearish sign. If you are a trader who [...]

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MARKET COMMENTARY
The market indeed tumbled yesterday. The Dow may have even broken the uptrend line which formed a support. While I still believe that the market may fall further on Tuesday, the volume on Monday was disappointing. In addition, the last minute pull-up that pared losses may suggest the bulls are making a come-back. Hence, [...]

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MARKET COMMENTARY
The equity markets stalled on Friday. This is a common phenomenon when a big surge or crash occurred the previous day. Usually this is a sign of continuation of current trend. Therefore, we can expect further slide of the market on Monday. I am a little discomfort by the 200-day moving average right below [...]

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