Thursday, September 9, 2010

Concern

China stock market has been down for two days, which could put some selling pressure on US market. Just a head up.

6 comments:

First thing you need to read on my blog said...

How do you think next OE week? Market pretty strong today.....

UCLATRADER said...

With AAII bullish sentiment went back up to 44%, we will probably need more time to break out. My best for next week is neutral with downside risk.

First thing you need to read on my blog said...

Thanks a lot, trader. I visited your blog quite often. seems recently you are working harder than last year...lol

Appreciate your comments. :-)

UCLATRADER said...

yes, that is true, since i finally found a free and trusty vpn to go around the block by the chinese government.

First thing you need to read on my blog said...

Still in Beijing? hehe......From today's performance, it seems the upper space is limited as you said. I was in GMCR by your approach. really nice move so far.

UCLATRADER said...

yes, will be here for another 5 plus yrs. for the mkt, breakout confirmed, but how high can it go? not sure, since we r overbought and the sentiment is too bullish. btw, bank broke out too, which is a plus!