Last 5 days market summary
Market7/310/311/312/313/3
STI-51.64-29.69+24.26+57.09-112.39
HSI-841.40+203.72+290.30+427.41-1121.12
DOW-146.70-153.54+416.66-46.57+35.50
NASDAQ-8.01-43.15+86.42-11.89+19.74
S&P-10.97-20.00+47.28-11.88+6.71
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.

Wednesday, March 26, 2008

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Friday, March 14, 2008

US Market Summary 14 Mar 08

Dow 12,145.74 +35.50 +0.29%
Nasdaq 2,263.61 +19.74 +0.88%
S&P 500 1,315.48 +6.71 +0.51%

A fractious Wall Street rebounded from an early plunge to finish moderately higher Thursday, after Standard & Poor's predicted financial companies are nearing the end of the massive asset write-downs that have devastated the stock and credit markets.

Rebound is not strong enough, thus I suggest to stay sidelines until clear signs are out. Asia market might open on a positive note, but rebound might be weak and cannot sustain through the second half of trading.

Thursday, March 13, 2008

US Market Summary 12 Mar 08

Dow 12,110.24 -46.57 -0.38%
Nasdaq 2,243.87 -11.89 -0.53%
S&P 500 1,308.77 -11.88 -0.90%

Southwest Airlines Co. canceled flights Wednesday and temporarily grounded 43 planes to examine if they were sound enough to carry passengers, the latest twist in the low-cost carrier's saga of missed safety inspections and civil penalties.

As mentioned in the US market summary report yesterday, it is a bear rally.
Hope some of you guys loaded puts or shorted with your CFD account when STI nearing 3000.
We will see some sharp selling today, lock in your profits early when market open and see how the market moves in the second half of trading.
My take is the market is still weak, take cautious approach today.

Wednesday, March 12, 2008

US Market Summary 11 Mar 08

Dow 12,156.81 +416.66 +3.55%
Nasdaq 2,255.76 +86.42 +3.98%
S&P 500 1,320.65 +47.28 +3.71%

The Fed promised a $200 billion booster shot for ailing markets -- and Wall Street answered with its biggest bounce in more than five years.

Take short long positions and offload when STI nearing 3000.
It will be a short rally as the rally in US market is too sharp.
Take short positions when STI nearing 3000.
Do not be trapped in this rally by panic buying.

Tuesday, March 11, 2008

US Market Summary 10 Mar 08

Dow 11,740.15 -153.54 -1.29%
Nasdaq 2,169.34 -43.15 -1.95%
S&P 500 1,273.37 -20.00 -1.55%

Wall Street sank Monday as oil's surge above $108 a barrel and more worrisome signs for the financial sector led investors to extend last week's losses. The Dow Jones industrial average fell more than 150 points, bringing its three-day loss to nearly 515, while broader indexes showed steeper percentage losses.

We will see Asia markets falling below their support today, take short positions today and close before first half of trading.
Take note not to overtrade as although the downtrend signs are there, you cannot expect the market to be predictable.
Stay sidelines for the second half of trading to monitor market sentiments

Saturday, March 8, 2008

US Market Summary 7 Mar 08

Dow 11,893.69 -146.70 -1.22%
Nasdaq 2,212.49 -8.01 -0.36%
S&P 500 1,293.37 -10.97 -0.84%

Wall Street ended a dreadful week with another big loss Friday after the government surprised investors with a report that employers eliminated 63,000 jobs last month. The news compounded fears that the U.S. economy, already hampered by an unrelenting credit crisis, is succumbing to recession.

As advised yesterday, the US market is unpredictable and after a series of roller coaster rides, it ended with another dreadful Friday. Monitor your shorts closely, as the market is unstable at the moment. If STI is unable to maintain the support of 2800, it will go on a downtrend, buy puts to hold if that is the case.

Friday, March 7, 2008

US Market Summary 6 Mar 08

Dow 12,040.39 -214.60 -1.75%
Nasdaq 2,220.50 -52.31 -2.30%
S&P 500 1,304.34 -29.36 -2.20%

Stocks tumbled Thursday as the ailing credit market and a spike in home foreclosures intensified the market's worries about a sagging economy. The Dow Jones industrials gave up 214 points.

Do not load anything today although it seems to be going downtrend for the weekends.
US market seems to be erratic and may rebound tonight.
Thus stay on the sideline for the time being.