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:

FollowTrend - Slow is Fast 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.

FollowTrend - Slow is Fast 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.

FollowTrend - Slow is Fast 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!