Capital Essence’s “Swing-Trader Bulletin” for January 31, 2008. Using candlestick charts and proprietary tools, The Swing Trader Bulletin establishes near-term market bias and identifies patterns, trends, support and resistance levels, moving averages, attractive entry and exit points, buying opportunities

Capital Essence’s Market Outlook for January 31, 2008. Daily Market Outlook is the technical analysis of financial markets. Features Technical Analysis, Trend Prediction, Stock Picks, Option Strategies. It designs to help investors to understand how to time the market, when to entry, when to exit, how to pick undervalued stocks, how to limit investment risk with right strategies.

近期大盤走勢非常不錯，已經返回至關鍵阻力位。不過，金融股和地產股等重跌板塊沒有出現真正的需求，這對於今天的行情來說是一重大考驗。從大盤的驅動力來講，今天聯邦公開市場委員會(FOMC)貨幣政策的公佈將成為大家關注的焦點。華爾街預期聯儲將降息50個基點，大部分人都認為如果降息 25個基點將是十分令人失望的。儘管現在結果到底如何還不知道，不過我們相信大盤很有可能最終測試上周最高點，來決定是否繼續走高。也就是說，這一波反彈只是在消息出來前的一番博弈——預期大幅降息而買進，消息公佈後再賣出。

the market had done a pretty good job walking its way back to key price levels. However, a lack of real demand in the heavy short areas such as financials and homebuilders remains a major concern as we’re heading into Wednesday’s market mover. Speaking of mover, the FOMC announcement on interest rate tomorrow will be the center of attention. The Street expected a 50 points cut from the FED. It’s widely believed that a 25 points cut would be a real disappointment. While it’s impossible to know how much the FED is going to offer tomorrow, we believe that there’s a pretty good chance that the market will ultimately retest the “floor” hit last week, to determine whether a sustainable rally is in the offing. With that said, the rally is merely an attempt to game the FED ahead of time — buy on the expectation of a big rate cut, sell when the cut comes through.