DJIA and Nasdaq 100

DJIA has posted a big long black candle last week.

never expect during the last few trading week we could have this type of market movement.
A new trading buddy AS, he has a breakthrough over this trading system, his trading system is able to tell whether we will have a breakout tonight or not.

combine with other 2 system he has, he has the target price, entry price, and either Long, or Short.
this is amazing...

but still, more is up!  He is going to use Mathlab to program his system, mathlab - this application is for engineer to design and model.. what type of enthusiastic trader on earth could come out with this idea?

He said this is not new to professional traders, oh man, this is new to me.
Mad scientist - he is crazy, and he is the only one person i know one this land who is doing this everyday, and he is always hungry to learn thing, and to make his trading system complete.

clap clap to AS.

back back back to DJIA.

31 Dec 2012, last Monday in year 2012.
We have so many unanswered question over fiscal policy, tax increase and spending cuts, is US going to get over it?  I am quite pessimistic, but I am also curious of what our creative US government and Federal Reserves could do about it.

Last Friday, DJIA has fall and close below EMA200.
From 4 hour chart, the inner wave has hit 3L.

Technical Analysis

Bearish sentiment could halt during Asian hour, and hopefully DJIA could retrace up to 12960 pts.
If market is suspended below 12960, and didn't breakup strong resistance 13080 pts, we might see market going south to hit 4L or even 5L target.


4L target = 12660 pts
5L target = 12500 pts

If there's good news, or any positive announcement from the lawmaker, market would swing up - anyhow it is going to be volatile.

Since I am pessimist, I will go short at any of these resistance level, preferable near strong resistance 13080 pts, it would then for another classic example of EMA50 in 4 Hour chart.
Fingers crossed.

Nasdaq 100

the Trend is  bearish, market has break below strong support.

From weekly chart, this is what I forecast:

therefore, for daily trading, i would prefer short until market fall to 2500 pts.

Short at initial shadow around 2580 pts, SL 10 pts away, TG 30 pts (2550).

DJIA and Nasdaq 100

DJIA and Nasdaq 100 for the week starting 9-Jul-2012

Last Friday Non Farm Payroll announces low non-farm payroll, although there are 3,000 gains result in the 80,000 gain in employment but this figure is fall short of market expectation of 100,000 gains.
Growth in private payroll was the weakest in 10 months.

US stocks fell in line with the low job creation, unemployment rate stood unchanged above 8% at 8.2%.

DJIA 124.20 pts and close at 12,772.47 on last Friday.
DJIA fell 103.38 pts (-0.8%) for the week.

From the weekly chart, market seems neutral and from the candlestick pattern we observe a little bit of pull back on last Friday when DJIA traded down to 12703.07 pts.
From intraday (4H) this low 12703.07 pts also touching EMA50 (4H) which signifies market were finding support near 12700.

Current resistance 12800.

We reckon market to trade between 12700-12800 on Monday.

YM (Broco)

Early of the week,
We reckon market to trade between current support 12650 and current resistance 12780.

We forecast after a lackluster Monday, market might trade down to test new low 12620 (2L) before a technical rebound back to 12750 again.
Pay attention to Wednesday 8:30pm Trade Balance and 2am FOMC meeting minutes.  Market were generally hoping for positive announcement which might drive the market up.

Next economic figures to look out is Friday 8:30pm PPI which might be the key driver to next market direction.

Technically, if resistance 12750-780 is strong then we might see another leg down towards target 12480.

Nasdaq 100

Nasdaq 100 weekly chart show more bearish sentiment than Dow, however, a similar pullback shows that the same might happen – consolidation between 2600 – 2620.

This pull up might be capped at 2620, lets say market break above 2620 next resistance 2630.

Similar to Dow, I am hunting for short towards mid / end of the week near the above mentioned resistance 2620 / 2630 and aim to take profit at TG1: 2600 and TG2: next support 2585.

Wish all has a profitable trading week.

Cheers
Ayumi

DJIA and Nasdaq 100

DJIA and Nasdaq 100 for the week starting 25th June 2012

Last week, the Dow and S&P 500 both ended in red, Nasdaq 100 gained; the Dow shed 0.9%, the S&P 500 lost 0.6%, while the Nasdaq 100 ended 0.5% higher.

Current level 12600-12650 is a key to watch if DJIA manage to stay above then it can continue trading higher to 12900 region again, failure which will come down to support 12400 and 12300.

YM

Monday, I suspect market to trade sidways bias up above current support 12500, I prefer to enter Long near initial shadow 12560-42 = 12515-520, SL 40 pts away, TG 150 pts.


YM
2012-06-25 Mon 2:48pm (GMT+8)
30 Mins Chart

Updates on US30

Market has fallen below 13000 and plunged to 12850 which is also our weekly target.

Expect little support around 12850 and return to 12900.

As per my weekly forecast, i switched from sideway bullish to bearish if market failed to sustain above 12980.

I will Hunt for shorting opportunity when the bear takes a breather and return to resistance 12900-12950.

- Posted using BlogPress from my iPhone

DJIA update Mon 23-Apr-2012

Ladies and gentlemen, boys and girls

A very good morning from the marine rich, beautiful island - Pulau Redang!

I hv tried multiple times to access the Internet but it takes 1 minute to load a page... And another minute to load a chart...
Reminding me of last decade while Internet is slow and we are all patiently waiting for everything to appear. But with modern technology, we are pampered, and we can't seem to be waiting!

I was lying down on the hammock while reading US30 chart from FXCM, and not able to see DJIA chart. So the levels quoted here might not be accurate.

US30
For the following week, DJIA might continue trading in consolidation within the channel formed since these two weeks and if u can, draw a supporting trendline diagonally up which indicates where it will be supported.

QLast done: 13020
S1: 12950
S2: 12880
R1: 13130
R2: 13250

Long long up up here we go DJIA.

If DJIA broken this supported trendline and trade below 12880 and it becomes Resistance, then DJIA shall continue the slide to 12750 and 12550 respectively.

Cheers
Ayumi

DJIA and Nasdaq 100

DJIA

US NFP increased by 120k (meaning added 120k jobs in March 2012) – fewest in five months, lower than forecast 207k (previous month 240k), market optimism has turned sour…
after the announcement market has fallen more than >1%.

Read this:
http://www.bloomberg.com/news/2012-04-06/employers-added-120-000-jobs-in-march-fewest-in-five-months.html

From technical chart,
Daily chart: uptrend remain intact if DJIA can maintain above its major support 13000.

Intraday 4H chart: from short term trading - DJIA has fallen below the uptrend support, thus market has turned from sideways bullish, to sideways bearish.

We expect the market to trade below daily chart major support 13000, and expect market to rebound when it touches 12950, however, the rebound would not be strong and limited to previous support 13100-13150 (which has turned resistance).


YM

Similar to Dow, short term view bearish, target to test support 12700-12750.
YM on Broco chart was trading at 12850 last Friday.
Stochastic level is low therefore we reckon market to trade sideways bias up to R1: 12880, R2: 12930.

Daily Trading: Initiate short trade at resistance R1, and target exit 12750 (based on initial shadow)


NASDAQ 100

Support 2730 holding strong.

Stochastic level is high but no signal for drastic downward correct, expect market to continue trading sideways with bullish bias. Due to Easter holiday, market was closed last Friday, but beware for external factors which might pull NASDAQ 100 down. Suggest to stay out.

NQ

NQ has formed the First black candle on weekly chart!
For the coming week, I expect market to trade sideways bias down testing support S1: 2710, S2: 2700.
EMA50 Support has turned into resistance now near 2750 region.

YM on Tue 13-Mar-2012

Shorting YM / US30 on FXCM.

Market has come up to resistance and currently testing it.
I have initiated a short, SL 30 pts, TG 100 pts.

I have been having opposite view on DJIA and GBP/USD.

Since I am bearish on GBP/USD, I have been thinking whether I need to sit back and other than hunting for long, I should also observe for shorting opportunity.
This afternoon after I turn on the chart, I think I can see it coming.

However, the bullish sentiment in DJIA still strong and I expect market to find support at the red line near 12965 region, then it will move sideways either to test the top again, and go down to the strong support and break the upward momentum.

If market drops below 12900 or ultimately 12880, I will abandon long but consider to change my view.

DJIA & NASDAQ 100 Update for Mon 27 Feb 2012

Last week in focus was the Greece bailout, and generally market is positive with Euro-Zone debt issue for the time being, and we expect the bullish sentiment to continue for another week.

Week ahead, we have Pending Home Sales m/m on Tuesday 12am, Core Durable Goods orders, CB Consumer Confidence, Prelim GDP, and Friday is ISM Manufacturing PMI consensus 54.6 (previous 54.1) to rise to highest in 8 months.

DJIA

Weekly candle suggest bullishness towards 13050 and 13150.

Daily candle show bullishness but momentum has slowed down with diminished day range.

4H chart show bullishness with higher high, higher low; intraday chart suggest market to turn down from current high to support 12880, if market manage to sustain above 12850 then we will see it reaches 13050 soon. Any positive news in the market may stimulate the bull higher to next resistance 13150.

Trade action: Early of the week, aggressive short at 20 pts. from opening
(if market open at close 12982, mean we short at 13002),
SL 13020 (slightly above last week’s high),
TG 90 – 100 pts. (estimate 12880-900).

Mid-week hunt for Long if market manages to sustain above 12850.

YM

Last week on YM: market open gap up an traded down to touch support region 12890 pts, it rebound and close at 12959.

Similar trade action: early of the week - Hunt for short at 13000 region, SL 13030, TG 100 – 120 pts.

NASDAQ 100

Market is bullish and it will continue to challenge higher high towards 2665 pts.
Last done 2604, Current support 2590, strong support 2575-2580.

YM on Thu 23 Feb 2012

It is still trading sideway (consolidation) YM has finally its support near 12900 (lowest 12890) and going up to 13000 resistance.

Quote my weekly forecast (posted on Mon 20 Feb 2012):

YM

Similar to Dow, market currently trading at resistance 12930, reckon the rally to continue towards 13100 after market has tested support 12830 pts.

Current support lies at 12830-860, initiate Long if support market bounces off 12830-860. However, breaking below 12830 would bring YM down to 2nd support 12700 pts.

Staying out, and still waiting...

Patience,
Ayumi

DJIA and Nasdaq 100

US market is closed on 20th Feb 2012 - observance of US Presidents day.
On the economic data front, US Retail sales rise in January, unemployment claims unexpectedly dropped to 348k (lowest in four years).

DJIA

Technical Forecast
DJIA break above major resistance 12880 and trading towards 13000, last done 12949.90 pts.

Weekly chart:
bullish, weekly candle suggests market to leap higher towards 13060 pts., breaking above this level will lead to TG2 13150 pts.
Daily chart: bullish
Intraday chart: market resisted at 12960 pts., it has a tendency to fall back to BKO 12900 or major support 12800 before going higher. Check divergence in 30Mins.

Since Monday is a bank holiday, we reckon market to trade sideways between 12900 - 13000, initiate market order near support 12900 or resistance 13000 is preferable than to trade in between.

YM

Similar to Dow, market currently trading at resistance 12930, reckon the rally to continue towards 13100 after market has tested support 12830 pts.

Current support lies at 12830-860, initiate Long if support market bounces off 12830-860. However, breaking below 12830 would bring YM down to 2nd support 12700 pts.

NASDAQ 100

Market resisted at 2600 pts. and currently trading near 2585 pts., market is bullish, might test 2600 resistance again and if market break above this resistance then next target is 2660 pts.
Support 2573-2577 pts. Enter long if market is trading at this level during mid-week.

NQ

Weekly and daily chart indicate that market is bullish, support 2560, suggest to enter Short 2590-2595 while we wait for short term correction back to 2560.

DJIA and Nasdaq 100

DJIA

Follow my blog updates last Friday, market has fallen back to main support 12750.
This is a desirable level to enter long for the rally to continue up. I didn’t take the long trade due to weekends and hopefully can get a good long level.

Let’s take a look at the technical chart:

Weekly: candlestick pattern, neutral - bearish bias.
Daily: market is trading uptrend; last candlestick pattern suggests a bearish outlook.
4 hour: market has retraced 1/3 after touching high 12930 region.
Strong support 12730.

DJIA: market is well supported at 12743 pts; reckon market to trade sideways around this region testing 12680-12730 pts.
1 hour: stochastic level is low and hopefully the market forms a butterfly pattern while consolidate at this level.

Although the weekly and daily candlestick pattern suggested the market is bearish bias, I am still positive that DJIA could bounce off strong support 12730, may be will attempt lower low before uptrend resume.
In case DJIA didn’t fall below 12680 I am still holding the bullish view.

Minor resistance 12850
Strong resistance 12930 – 950.

Aggressive long at 12730 pts, SL 12680, TG 12930 pts.
Not hunting for short on Monday, unless market breaks below 12680.

YM

Strong support 12680-700, target exit 12930 similar to Dow.
Resistance 12870-890 pts.

This morning market gap up 60 pts, open at 12827 pts but immediately traded down to 12800 regions.

Aggressive long at 12760 SL 12720 TG 12930.
Breaking above 13000 YM shall go to next target 13130, no looking back.

NASDAQ 100

Super bull super bull
Next target 2590 – 2595 pts.

Like what I mentioned last Friday in my blog, if Nasdaq 100 trade below 2545 then it might have a short term correction back to 2515-20 pts strong support.

Monday preference is to hunt for short if market is resisted at previous high 2550 pts.

NQ

Aggressive trade: to short at 2558 – 2560. SL 2565 previous high, target exit 2530 pts.
However, similar to YM, hunt for long when market trade back to support @ 2515-20, SL 7 pts, TG 2560-2565, TG 2 2595.

DJIA and Nasdaq 100

Nasdaq 100

Long Position (since Tuesday) 2519 pts closed at 2550 with 31 pts profit.
Strong bull super bull all the way hitting 2L, Nasdaq100 currently trading at 2559.25.

On FXCM Nas100 is trading at 2561/2563.  If the strong bull continue then next target should be 2595, another 30 pts to go.

A little pull back is happening now after Nasdaq100 hit 2565 high last night.
Upward momentum has slowed down a little bit, current support 2545-2548 pts.

If Nasdaq100 trade below 2545 then it might have a short term correction back to 2520 pts.

Bet for upwave to continue?
Aggressive trading can enter long at 2552, SL 2544, TG 2592 or close EOD.
Short term if market fall below current support 2545, abandon long.

DJIA

Compare to Nasdaq100, DJIA has a weaker bull and the correction has taken place.  Last done 12890 pts.

Observed two star candle on daily chart.
DJIA didn't make it to 2L target and it has reduced upward momentum.

So far the weekly candle is still positive, today, I reckon a short term correction back to 12800-815 level and bounce off the low, and close above 12850.
But, if DJIA closes below 12850 tonight, then the weekly outlook might change from sideway bull to neutral.

YM

Last done 12830 pts.

Resistance 12880 pts.
Similar to Dow, reckon a short term correction down to 12750, bounce off the low, and close above 12780.

YM needs to bounce of this low 12750 and close above 12780 in order to maintain the bullish outlook.

Immediate action: Preference is to short at market, and close at 12780 (don't really feel like shorting because the stochastic is quite low).

Patiently Hunt for long at 12750 region if support holds.

Thank God its Friday
Ayumi

DJIA and Nasdaq 100

DJIA and NASDAQ 100 Update for Mon 06 Feb 2012

DJIA
Last Friday NFP announcement and US jobless rate has uplifted the market, in line with the positive economic data, and market has break above 12750 region and trading above 12850.

We reckon market to slow down during the early of the week to support level to take a breather before going towards the next target 12950-13000.

YM
Current support 12730
Strong Support 12630
Resistance 12930 (Target)

S did a very good short call last Thursday, short at 12850 region and still standing with more than 50 pts. floating profit! ^__^ Yes for big picture we are looking forward to a big fall, but current financial reporting gala might drive market north anytime so make sure you know how much money you want to make, and decide where to exit :)

For early of the week, Hunt for long opportunity when market comes back to 12630 strong supports in line with EMA50 in 4 hour chart.
Stochastic is quite low and therefore do not encourage taking short position now, prefer to hunt for long if market is showing strong reversal at support levels 12730 or 12630.

NASDAQ 100
Market condition: strong bull and next target lies at 2592.08 pts., last done 2528.70 pts.

NQ
Market is currently trading at 2518 levels and we reckon a 1/3 retracement back to 2500 (last Thursday high) before hitting target 2546-2550.
Aggressive daily trading: Long at initial shadow 2509 SL 2500, TG 2540 (Day range)

US30 on 25-Jan-2012

Last night Long entry 12636 pts is currently sitting on 65 pts profit and I moved SL to entry + 4 pts.
Rollover position costs USD12.60 (not desirable, acceptable)

SL 12640.
TG remain at 12750 (49 pts to go)

Transaction

Market Order:
Long US30 at 12636, support 12610 holding up.
Stop Loss 12583, Target Exit 12750.

FXCM Platform did make a noise when order ticket is filled. Cute sound effect :)

DJIA and Nasdaq 100

Its Chinese New Year and I am having fun, chilling out at home, watching TV for whole day, eating junks, biscuits, CNY feast... hahaha
Wishing all have fun no matter it is CNY, US Bank holiday, talks on Greek debt swap, or Economic data release.

It has been a great start for 2012, while reaping profit from the market, it is also our duty to review our account size, and decide whether we should move on to higher contract size, or lower. Trade responsibly, bear in mind Intrinsic Money Management.

DJIA

Weekly candle: Bullish
Market progress upward but yet to hit next resistance 12750 (1st TG), and next resistance R2 12880.

Generally market shall continue to trade upward with more earnings report from big corporation, and pay attention to Thursday as there are a lot of critical economic data release.

YM

Intraday:
Market open gap down and I think it is a good opportunity to grab an entry near 12610-30, SL 12593, and target exit 12750.

Nasdaq 100

Nasdaq 100 breaks new high and we reckon the market would continue to rally up.
Hunt for long opportunity if market retrace and rebound at first support 2425.
Support S1: 2425
Strong Support S2: 2415

Target exit at Resistance R1: 2445
If market continue to go up, we reckon the next target lies at R2: 2520 (in Feb 2012).

Cheers, Happy Chinese New Year & Gong Xi Fa Cai!

DJIA and Nasdaq 100

Image Source: Reuters

DJIA

US market was affected when S&P downgrade 9 euro countries.

DJIA tumbled and had a straight fall of more than 150 points to reach 12311 pts. within the first 2 trading hours. But closed at 12422 pts. (-47 pts.) last Friday.

Market still identifies the support level 12300 -330 strong and DJIA record a weekly gain of 62 pts. (0.5%).
This week is the Financial Report week; many big organizations is announcing their earnings, other than focus on Euro-Zone debt crisis, earnings from Bank of America, Goldman Sachs, General Electric, Intel, Microsoft, Google, Apple will create volatility for the US market.

Technical Chart:
Weekly candle suggest that US market might have another choppy week ahead, with bullish bias towards higher high 12600 pts., 12730 pts.

Support at 12300 level. This is a crucial level if DJIA traded below support and close the weekly candle below 12250, I will abandon long view.

Intraday 30 minutes chart: 12395 is the BKO level and we can hunt for long opportunity as long as DJIA do not cross below 12330, ultimate stop 12300, Target exit 12500.

Monday is US bank holiday; US banks will be closed in observance of Martin Luther King Day.

YM
Monday market is likely to be depressed.

Market opened at 12377 and from 30 minutes intraday chart, if market continues to be resisted below 12380, we will observe the formation of divergence (stochastic vs. price) and YM is going to trade down to 1st target 12330 pts.

We are likely to hunt for long as long as YM didn’t trade below intermediate support level 12280 pts., ultimate stop 12250 pts.

Target exit at immediate resistance 12440 – 12450.

Meaning to say, early of week we hunt for shorting opportunity, and mid-week we hunt for long opportunity in line with the expectation of positive earnings from Intel, Microsoft (Thursday), and Google (Friday).

Nasdaq 100

Market reaches our target level and continue the uptrend.
Support 2358-2360, resistance 2385, next target 2400.

NQ
Similar to YM, NQ will be depressed on Monday and it is likely to trade back down to support level 2358, hunt for long opportunity during mid-week as long as NQ didn’t trade below 2348-2350, target exit 2385, next target 2400.

DJIA and Nasdaq 100

DJIA

From the technical chart:
DJIA has break above group resistance level 12300 and sitting above 12330.
Current support 12330, if DJIA traded below 12330 then it shall test the next support 12280 before going up to our next target 12630.  Next strong resistance 12730.

Aggressive Long at 12330 region.

For YM (on Broco chart):
Current support 12270, S2 12220.
Target to reach 12550, TG2 12730, next strong resistance 12880.

Aggressive Long at 12250, SL 12200, TG 12550.

Nasdaq 100

From technical chart, Nasdaq 100 is trending up nicely.  Target 2375.  Next target 2385.
Current support 2350, next support 2342.

Blessed 2011

Looking back… and looking forward.

I am blessed.

**I went to RT Pastry yesterday; I pointed at this cake and told the girl I wanted this Green Tea cake. Then realized this cake is smaller than the regular small cake, it is only 300 grams! **
**Special Cake for Special Event, for a special person like myself and family! **



I though 2011 was a bad year… and last night while reflecting how I spent my 2011… I found -- this is the most meaningful year for me.

I experienced the ups and downs being a trader, won the lottery - big wins, how I hit the jackpot for Gold rally, DJIA, and CL… and also lost a big chunk of money in GTI, many small losses FX.

These losses seems to occur towards end of the year… this central tendency made me wonder if 2011 was a bad year.  Reflection is a powerful tool, if you roll back, and counting the blessing, you'll find the world a better place.

I successfully became a certified coach for APSRI Trader ProMaster module. Carried out a few workshops. It is a paradigm shift and I learned many things over the journey.  Mentor teaches me to me compassionate, introduces me to meditation, APSRI team coaches - Trader Investor Point let me post in their FB wall, Ajahn Brahm teaches us to be kind.  Yes, helping others enrich our lives.

I successfully became a regular instructor in Chi Fitness, and also successfully choreographed belly dance songs, and teaching them. I am also building my syllabus.

And… by looking at my past belly dancing videos, *glad that I grab opportunity to video* by looking into my past performances, I have travelled a distance. I see the improvement in myself and I am glad I did.

Attended numerous workshops, learned from Hadia, Serkan Tutar, Wael Mansour, Percy Yeoh, Mercedes Nieto, Sandra, etc… I am thankful for all the workshops I attended, although I may not be the one who can remember the steps (yeah… I am not good in that) I would say learning from Sandra and Mercedes Nieto helps a lot! They are detail, systematic and they know how to teach the feminine sensuality in dance, how to perform and how to practice.

And… having been blogging since 2007 (yeah, 5 years has past); I written my first mandarin article and published in a bi-monthly issue Capital Asia by Business Media International.

Along the way there are challenges… Software, Dance, Coaching, Forum writing, blogging, financial column, trading, investing, it is tough to balance my time in between, thanks to my family who has been supportive, thanks to my friends who had trusted me, thanks to my colleague who has been keeping my secrets, thanks to my superior RN and my understanding lady boss BL.

I love 2011.

And I am going to excel higher, and make 2012 another meaningful year.

Bless all
Ayumi

Transactions

Long YM 11890 SL 11850 TG 12060 / EOD.