Thursday, April 30, 2009


BX triggered the buy pt today.

Update: V

Selling V here.

Sunday, April 26, 2009

China negative divergence

China's stock market stalls at the previous breakdown pt, now it is showing the negative divergence that is not a good sign for the global markets.

Saturday, April 25, 2009

A bullish possibility

This is a weekly chart of the NASDAQ. Look at the similarity between fall 02 and now (shaded area). If President Obama truly successful saving the economy, the market would walk this path.

Some bearish weekly charts

Even though we are bullish on daily charts, definitely bearish on weekly territory.

Friday, April 24, 2009

Revisit EJ

Got back in yesterday.

Retail is the one

Retail is the leading sector. A rest near the resistance or a topping process? Time will tell.

Fake breakdown?

A fake breakdown? If that is the case, bears are going to have a tough summer.

Monday, April 20, 2009

Fake breakout?

The semiconductor index broke out and now pulls back into the trading range. Pity. Maybe TXN's earning tonight will save the bulls.

Oil leads the way down

Oil index breaks down nicely.

Thursday, April 16, 2009

If one sector I want to short

Would be the oil sector. Giving it more time, it should start to lead the way down that is also coincides the weak economy.

Update: VMW

Closed VMW for 8.5% profit.

Monday, April 13, 2009


It was added to my newsletter last week.

Thursday, April 9, 2009

Update: PFCB

Just close PFCB as well for 12.5% profit.

Update: EJ

Closing EJ at $10.5 for 16.6% profit.

Wednesday, April 8, 2009

Update: VMW

Approaching my target quickly.

Tuesday, April 7, 2009

Update: VRTX

No wonder my VRTX keeps plunging.

The first sector got sell signal

Interestingly the biotech is the first sector that got sell signal.

Too early to short

The uptrend is still intact, but you gotta tighten your stops.

Monday, April 6, 2009

Earning seasons in a bear market

We are overbought and entering the earning season, which translate to a much needed, possible rest. I am not calling a top, just a cautious call to avoid heavy long positions right now. I remember vividly during the 2000-2002 bear market, right before the earning times the market were under the resistance and looked rosy, I jumped in and got killed. So do not repeat my mistakes.

Saturday, April 4, 2009

More about trading

When you are in a wrong position searching for the turning pt, you are so pathetic. Do not ever let you become that!

Chartpattern and indicator

Chartpatterns are for immediate actions, indicators lag behind.

Friday, April 3, 2009


Even though I am still bearish long term, which was strenghened by my trip back to the States last week, I think we will see some multiweeks' rally that had already started. The target? Probably 1800 level.


VRTX triggered my short pt.


VMW triggered my buy pt too.


When GS is breaking out the uptrend channel, the bears have hard time to press the shorts. To me, GS is the ultimate tell of the market.


SHLD triggered my buy pt today.


No matter how I want to be bearish, this chart is bullish.


I am about to give up my bearish stance on oil if it can rally to 920 area.

Another Chinese stock leader

It broke out yesterday. Top is its weekly chart, bullish.

Thursday, April 2, 2009

Update: CREE

Taking profit on CREE today.