heading into December option expiration day, the market is most likely get pin at the 1100 level on the S&P 500 index. In a longer term, Thursday’s trading action suggested strongly that the market is headed for a retest of the bottom of the 5-week trading range, around S&P 1080.
Articles tagged with: KBW Bank index
Published on: August 6, 2009
No Comment
Wednesday trading action suggested that a short-term downside correction to recent advance could materialize. Although given that the long-term trend remains positive, a modest pullback would be seen as healthy and will setup a much more potent buying opportunity
Published on: August 5, 2009
No Comment
the rally that started from July 13 low at S&P 875 looks and feels overextended hence it would not be unreasonable to expect at least a modest correction. But the pullback won’t come when everyone’s chasing for it, so there is a high probability the market will consolidate near the resistance area near the 1007 level on the S&P 500 index
Published on: June 18, 2009
No Comment
the bears grow louder as the S&P lost nearly 5% since last week high. However, as of now, the decline is merely a normal pullback correction within a context of a medium-term an uptrend. In fact, the short-term structure of the S&P 500 index in terms of price movement and momentum suggested that the market could be setting up for a technical rebound that point to a retest of the 950 level on the S&P.
Published on: June 18, 2009
No Comment
標準普爾500指數從上周高點已經下跌了近5%，悲觀的投資者似乎越來越多，但此次下跌僅僅是中期上升趨勢中一次正常的調整。實際上，從股價波動以及動能角度來看，標準普爾500指數短期進行技術性反彈的可能性加大，目標是950點。
