several key technical factors suggested that the bears are holding the edge for a medium-term corrective mode, which is taking place within a context of a long-term uptrend. This increases the odds for a test of the important sentiment 1000 level in the S&P 500 index. The market however, is extremely oversold after Tuesday decline so we should expect at least a short-term consolidation prior to a new down-leg.
Articles tagged with: UUP
Published on: June 30, 2010
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Published on: June 30, 2010
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幾個關鍵技術指標顯示空頭正處於市場長期上升趨勢之內的中期回調模式，這增加了測試標普500指數1000點心理關口的概率。不過由於周二暴跌之後市場已經極端超賣，因此我們預計在出現新一輪下跌之前至少將走出一波短期整理行情。
Published on: April 4, 2010
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“ETFs Trading Map” for April 5, 2010: “…Major indices ETFs: We’ve noted in the previous update that: “with the exception of DIA, which is currently in neutral, the major indices ETFs remained in bullish trend but they’re closer to overbought levels than oversold. Money Flow measure however, remains strong so we do not envision any significant declines in the near future.” As anticipated, the market added on to recent strong gain, up about 1% last week. Although the near-term trend for the market remains….” Subscribers, please login to read more.
Published on: March 28, 2010
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“ETFs Trading Map” for March 29, 2010: “…Major Sector ETFs: We’ve noted in the previous update that: “While the S&P closed above its January high, individual sectors have fared differently…Technology (XLK) and Materials (XLB) – the previous market leaders - still remain below their prior bull market highs. Their underperformance indicates that traders are rotating out of the weak dollar plays.” As anticipated, the U.S. dollar (UUP) continued garner strong support, up 1.05% on the week….” Subscribers, please login to read more.
Published on: March 25, 2010
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based upon recent trading pattern, risk aversion is now the predominant theme. Usually, stronger U.S. dollar translates into lower prices for commodities and those lower commodity prices filter through to stock prices. Fortunately, recent uptrend in the U.S. dollar may have come to an end. And this is a short-term positive for stocks.
