Hi all, very good morning to everyone.
I have effectively spend my weekend and have very good time with the family, at home backup my data, setting objectives and goals.
Apart from the Earnings report, market will focus on:
Wednesday midnight (Thu 12:30am GMT+8) - Fed Fund's Rate, and First of the Federal Reserve's press conferences (Thu 2:15am GMT+8).
Fed Chairman Bernanke speaks on Friday midnight (Sat 12:30am GMT+8).
Dow Jones Industrial Average (DJIA)
Technically DJIA has completed a short + sharp retracement to as low as 12097 last Monday, then breaking up above previous high in 2 days. Positive sentiment shall continue this week, looking for DJIA testing next Resistance for DJIA 12750.
Current support 12450, Strong Support 12370.
Nasdaq 100
Nasdaq 100 has been going up sharply, no initial shadow, no retracement, thus making it difficult to get an entry, holding overnight position is not ideal due to the volatility.
We observed a little congestion at current high 2382 - 2366.
If Nasdaq 100 is going to finally retrace before heading up higher, it is good to observe for Long opportunity when it is trading at the support level:
Support 2357, 2340.
Target to reach 2380 - 2403 previous high.
Ayumi, you have been doing lots of homework these few days :o)
ReplyDeleteHaha, Ai Shiang 水，this is weekly habit, but finally this week i manage to plan n follow my time more effectively. ^.^
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