for week starting 16-Sep-2013
Happy Malaysia Day Malaysian!
Yesterday I have completed a mission to alter my new costume.
Ozone.
They are ready for my next performance.
And I hope my Law Hobna Ghalta will be ready by then too.
America
American jobless claims fell by 31,000 to 292,000 in the week ended 7 September, returning fear of tapering stimulus in this month.
This week, traders will be watching the FOMC meeting for the opinion of FED Chairman Ben Bernanke in monetary policy for new fiscal year on Thu 19-Sep-2013 2am (GMT+8, SG/MY Time)
Retail sales in the U.S. rose less than forecast in August as the biggest part of the economy struggled to gain momentum. The 0.2 percent increase was the smallest in four months and followed a revised 0.4 percent July gain that was bigger than previously estimated, the Commerce Department reported today in Washington.
Core Retail sales increased 0.1%, less than forecast of 0.3%.
Survey reported that Americans worried that higher interest rates will put a damper on the housing market and overall growth. U.S. consumer sentiment sink to a five-month low in September at 76.8, last month 82.1.
DJIA
Market has totally reversed from its down trend and shoot up to the ceiling.
Stock market is strong.
Market is trading near 15550 pts and still resisted below 15650 pts.
My forecast for this week:
DJIA prone to trade in small range between 15450 - 15650 pts until Wednesday.
I don't see what is coming and certainly market is highly sensitive to news and I prefer to stay out.
Breaking above 15650 pts could bring DJIA higher to 15850 pts.
Closed below 15400 pts would chase Dow to 15180 pts.
Nasdaq 100
Nasdaq 100 is forever bullish...
Next target 3260 pts.
Current suport 3190 pts.
Strong Support 3160 pts.
If you are another strong believer of the long term bull in Nasdaq 100, entering Long near 3188 pts, SL 3180, TG 3228 pts.
Cheers
Ayumi
~~ here go mind-dancing to my 2013Q4 syllabus.
Happy Malaysia Day Malaysian!
Yesterday I have completed a mission to alter my new costume.
Ozone.
They are ready for my next performance.
And I hope my Law Hobna Ghalta will be ready by then too.
America
American jobless claims fell by 31,000 to 292,000 in the week ended 7 September, returning fear of tapering stimulus in this month.
This week, traders will be watching the FOMC meeting for the opinion of FED Chairman Ben Bernanke in monetary policy for new fiscal year on Thu 19-Sep-2013 2am (GMT+8, SG/MY Time)
Retail sales in the U.S. rose less than forecast in August as the biggest part of the economy struggled to gain momentum. The 0.2 percent increase was the smallest in four months and followed a revised 0.4 percent July gain that was bigger than previously estimated, the Commerce Department reported today in Washington.
Core Retail sales increased 0.1%, less than forecast of 0.3%.
Survey reported that Americans worried that higher interest rates will put a damper on the housing market and overall growth. U.S. consumer sentiment sink to a five-month low in September at 76.8, last month 82.1.
DJIA
Market has totally reversed from its down trend and shoot up to the ceiling.
Stock market is strong.
Market is trading near 15550 pts and still resisted below 15650 pts.
My forecast for this week:
DJIA prone to trade in small range between 15450 - 15650 pts until Wednesday.
I don't see what is coming and certainly market is highly sensitive to news and I prefer to stay out.
Breaking above 15650 pts could bring DJIA higher to 15850 pts.
Closed below 15400 pts would chase Dow to 15180 pts.
Nasdaq 100
Nasdaq 100 is forever bullish...
Next target 3260 pts.
Current suport 3190 pts.
Strong Support 3160 pts.
If you are another strong believer of the long term bull in Nasdaq 100, entering Long near 3188 pts, SL 3180, TG 3228 pts.
Cheers
Ayumi
~~ here go mind-dancing to my 2013Q4 syllabus.
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