INTERMEDIATE-TERM: INITIAL PULLBACK TARGET MET BUT COULD BE MORE
No update, see 02/05/2010 Market Recap, Fib 38.2% retracement target was met, but I suspect there’s more. There’s a chance that after the pullback is over, we’ll see a new high followed by a bigger pullback thereafter.
SHORT-TERM: EXPECT A VERY SHORT-TERM PULLBACK AS EARLY AS TOMORROW
今天大涨,very short-term very overbought了,如果自一月份以来的correction没有结束的话,明天就该有pullback。下面简单列一下对牛牛不利的因素,比较多,所以如果明天继续涨的话,那things indeed are different now,因为mad cow又回来了。所以again明天能否follow through很关键,let’s see。
月亮还是说top,再给她一天机会吧。
02/12 Market Recap说了,统计上,seasonality不牛牛friendly,特别是从明天开始起的三天。
今天的After Bell Quick Summary提到了1.0.2 S&P 500 SPDRs (SPY 60 min)的两个非常reliable的indicator,RSI and ChiOsc都overbought了。Here’s more,SentimenTrader三个最主要的short-term indicators,也都很extreme了。
最后看一下今天的Selling on Strength,都是heavy weight big cap,每个的block sell都几乎占了今天total down tick的一半。For record only,因为我没注意以前这样子是否属于不正常。
STOCK SCREENER: For fun only, I may not actually trade the screeners. Since SPY ST Model is in SELL mode, only SHORT candidates are listed. For back test details as well as how to confirm the entry and set stop loss please read HERE. Please make sure you understand the basic risk management HERE.
Today’s screener has 7 stock found.
According to the entry rule, RSG found on last Friday wasn’t confirmed.
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