Monday, January 23, 2012

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.


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.


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!

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