*Please make sure you understand how to use the table above. The main purpose of this report is to provide information so contradictory signals are always presented.
SEASONALITY: THE FIRST NINE TRADING DAYS OF AUGUST ARE HISTORICALLY WEAK
See 07/30 Market Recap for more details.
INTERMEDIATE-TERM: THE CORRECTION SINCE 04/26 ISN’T OVER, THE REBOUND SINCE 07/01 IS NEAR END
Maintain the following forecast:
- The correction since 04/26 isn’t over and the rebound since 07/01 is near end. See 07/30 Market Recap for more details.
- Potential rebound price target is SPX 1131 and time target is around 08/10. See 08/06 Market Recap for more details.
SHORT-TERM: NYSE TOTAL VOLUME IS WAY TOO LOW, NOT A GOOD SIGN
今天没啥说的,全看明天Fed是不是宣布Quantitative Easing II了。我个人认为明天Fed多半不会Quantitative Easing II,但是market如何解读,就不知道了。从下面的图看,Fed day一般还是比较牛牛友好的。
今天想给大家看两个图,都比较熊熊友好,我还是认为a top of some kind should be very close。至于pullback if indeed是short-term还是intermediate-term,则要等pullback开始后才知道。
0.2.5 NYSE Total Volume,这个太低了,是非常重要的top sign。
1.0.0 S&P 500 SPDRs (SPY 60 min),negative divergence too much too large,在我看来是非常bearish的。
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST
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