Capital Essence’s Investment Blog- 錢途集團

This is Capital Essence’s “Swing-Trader Bulletin” for November 16, 2007.   Subscriber, please click here to login.

This is Capital Essence’s Market Outlook for November 16, 2007.   Subscribers, please click here to login.

This is Capital Essence’s “Cubes Speculator Bulletin”  for November 16, 2007.   Subscribers, please click here to login.

This is Capital Essence’s “Trading the Market” Bulletin for November 16, 2007. Subscribers, please click here to login.

Editor’s note: this column was originally published on Capital Essence’s CEM News on November 14, 2007. It’s being republished as a bonus for the loyal readers. For more information about subscribing to CEM News, please click here.

這是Capital Essence對2007年11月15日 (週四) 的市場技術分析。

銀行股怎麼走，大盤就怎麼跟。由於銀行股指數在100點處遭遇交易者的獲利拋賣，週三美股低收。事實上，昨天的交易狀況和我們之前在 “Cubes Speculator Bulletin”中的觀點相當一致：“請留意未來幾天股市的『來回波動』[或稱之為『浮多震盪』]”，週三納斯達克100 ETF(QQQQ)跌幅超過1%。

圖1.1：銀行股指數

在首次考驗100點處的阻力位遭遇賣盤之後，銀行股指數回落。我們說過，若該指數未能成功突破這道阻力位，則極為看跌，恐將不可避免地再次考驗上週低點。短期支撐位為上週低點，約為90點。

圖1.2：標普500指數

在首次考驗1490點阻力位遭遇賣盤之後，標普500指數收於低點。這不是好現象。短期支撐位約為1400點。阻力位約為1490-1500點。

圖1.3：道瓊斯工業平均指數

道指仍在10月低點，約13500點的阻力位的下方運行。這是看跌的信號。當前，該指數只有站上這一阻力位才能將中期的走勢轉為上揚，並有能力考驗10月的高點。阻力位約為13500點。支撐位約為12975點。

總結：雖然大盤守住了週二的大部分收益，但標普500指數突破1490點的失敗使新近的買方熱情受到了限制。和我們一樣，股市正在尋找方向。

(本文作者：Michelle Mai)

注﹕Michelle Mai為Capital Essence(錢途集團)撰寫技術分析﹐並為包括市場趨勢在內的數份金融市場投資通訊的首席市場策略師。如欲每日盤前收到更多最新分析, 敬請訂閱。

Editor’s note: this column was originally published on Capital Essence’s CEM News on November 14, 2007. It’s being republished as a bonus for the loyal readers. For more information about subscribing to CEM News, please click here.

Good Morning. This is Capital Essence’s “Market Outlook” (the technical analysis of financial markets) for Thursday November 15, 2007.

As goes the banks, so goes the tape. Stocks closed lower Wednesday as traders locked in profits around the BKX’s 100 (see chart 1.1). As a matter of fact, today’s trading action was pretty consistent with what we’ve offered in the previous “Cubes Speculator Bulletin”: “be aware of the “back & forth” [or weak bulls shake out, so to call] in the upcoming days”. The Nasdaq 100 ETF (QQQQ) gave back more than 1% today.

Chart 1.1: Bank Index.

The index retreated after the first test of resistant around the 100 level was met by sellers. As mentioned, a failure to take out this level is very bearish and a retest of last week’s low is, therefore, inevitable. Short-term support is at last week’s low, about 90.

Chart 1.2: Standard & Poors 500.

The board market index closed lower after the first test of resistant at the 1490 level was met by sellers. This is not very good. Short-term support is about 1400. Resistant is about 1490-1500.

Chart 1.3: Dow Jones Industrial Average.

The blue-chips index is still traded below October’s low, about 13500, as resistant. This is bearish. At this juncture, only an advance to above this level can turn the medium-term trend up and argue for a test of October’s high. Resistant is about 13500. Support is about 12975.

In summary: While being able hold on a majority of Tuesday’s sizeable gain was a positive sign, a failure to take out the S&P 1490 restrained new buying activities. Like the rest of us, market is searching for direction.

(By: Michelle Mai for Capital Essence)

Note: Michelle Mai writes technical analysis for Capital Essence and is the editor of Capital Essence’s “Market Outlook” newsletter. To receive the daily edition, please subscribe. It’s now available at a monthly rate.