CEM News - Market Outlook (the technical analysis of financial markets) for March 15, 2010: “…the S&P moved up to test the top of its short-term trading range. Money Flow measure remains positive but has been diverging from price action over the past couple of months. This is bearish because it’s indicating that less and less money anticipating the rally. Additionally, Friday’s narrow range bar suggests a…” Subscribers, please login to read the rest.

the near-term technical backdrop still favors the bullish case hence further short-term gains likely. Although, given that there are some potential sell signals building on the horizon, we’d remain skeptical of breakouts and looking to get off the overcrowded bullish bandwagon.

近期技術面依然利多，因此短期內可能進一步上漲。不過，由於一些潛在的賣出信號正在隱現，我們對於突破走勢依然持懷疑態度，準備隨時撤離過度擁擠的多頭大軍。

CEM News - Market Outlook (the technical analysis of financial markets) for March 12, 2010: “…the S&P finished right at the January high, the level that acted as key resistance in recent sessions. While the close looked strong, Money Flow measure remained unimpressive as it still holds below the January peak. Although this negative divergence is not a major sell signal on its own, it’s indicating a…” Subscribers, please login to read the rest.

the 9 percent plus advance from February low of 1044 on the S&P 500 index could lead to some short-term consolidations within the 1130 to 1150 areas before the market continues its advance. What this means is that given that the upward trend is still intact, the coming pullback should be considered as buying opportunity rather than chances to take profits and get out.