DJIA and Nasdaq 100

for the week starting 21-Oct-2013

Soulfire has officially 'migrated' to wordpress.
Visit his new blog address:
http://soullfire.wordpress.com/

I like it very much when soulfire pointed out my misconception:

So when the debt ceiling needs to be raised, it’s associated with prior approved spending that requires the ceiling to be raised. The key to remember here is the ceiling isn’t raised to allow the government to approve new spending, but to pay the bills of the spending that was ALREADY APPROVED. This is where many people get confused, they think raising the ceiling encourages more spending, but what it actually does is just pay for past spending obligations, not new ones.

I suggest you to read his post on Government Shut Down and Debt Ceiling Limit 101

Well I didn't post last two weeks during government shut down.
I didn't even trade.
I looked at market, lost a few hundred points, and go back alive by winning more than 200+ points in 1 day.

Back in those days, I might be immersed with trading, full of excitement, either make some money, or lost some, or being flat.
I am not sure whether I could make money trading during those extreme moments, or I could lost money, lost confidence, or lost discipline.

When market is finally back to 'normal' normal, I continue with my normal posting, blogging and having fun.
Perhaps I am not as aggressive as before, or more accurately, my dancing career has prospered and it has cast my energy away from trading.

DJIA

Techincally DJIA shall continue to rise above 15550 pts but capped below 15420 pts during early of the week.

Support 15180 pts should be a good level to look for long opportunity.

If support fails, next support is 15050 pts.

Nasdaq 100

Way to go Nasdaq 100
Stay out.

Cheers
Ayumi

DJIA and Nasdaq 100

for the week starting 30-Sep-2013

Last trading day for September month.

Image source: http://money.cnn.com
Read their article on: Debt Ceiling

Debt ceiling is like my credit card credit limit.
So now I am the biggest consumer and the biggest client for this merchant bank, I make purchases, I stimulate businesses, I ask for anything I want, I give them businesses...
When I can't pay, I ask the bank to increase my credit limit and enjoy the 'free credit' without thinking of the consequences, nor thinking about my capability to pay.

For the debt ceiling of USD$16.699 trillion.
How many times could I expect the 'bank' increases great America their credit limit?
Where actually the money go?
Number of job is increasing, average wage isn't rising, where has 85 billion gone, back to the banks?

Technical Forecast
DJIA

Market is bearish, it shows tiny little support last week and the resistance has shifted from 15550 pts down to 15350 pts.

15188 pts is within reach just early of next week.

I have not been trading real cash for sometime.
I have the urge to trade live already... so far this year the trades were good, till date 10% capital growth is manageable,
10% is not an encouraging number to a lot of traders out there - I still see 'schools' claiming 100%  (or more!) returns - I just don't know how they make it.
I am worried that I would end up losing my discipline again.

Nasdaq 100

Last week was a volatile week for Nasdaq 100
My forecast is totally wrong.

Trader Alex Siew (check my blogroll) said: if DJIA has been falling and Nasdaq 100 is been rising, must be "boh ho kang tau" (hokkien, implies something fishy is coming up).

Technically, Nasdaq 100 shall continue trading sideways in narrow range within 3205 - 3245 bias up (though I am strong bear for DJIA).
Current Support 3218 pts.

However, if DJIA and Nasdaq 100 is co-related, once DJIA plunge below 15150 pts, I expect Nasdaq 100 to follow suit, breaking below 3204 and then sink to 3180 pts.
Otherwise, breaking above 3245 pts, next target 3260 pts.

This seem contradicting and I hope market to teach me more of their co-relations between Nasdaq 100 and DJIA.

Cheers
Ayumi

DJIA and Nasdaq 100

for the week starting 23 Sep 2013

Last Thursday during FOMC statement (Thursday 2am, GMT+8, SG/MY time), The fed surprises market with a decision not to taper, and to continue the monthly USD85billion bond purchase program.

Market is very volatile and we once again witnessed Mr Ben Bernanke's magic wand to entice the market and shock the market.

DJIA

This is not only my forecast, this chart (above) outlined my hope.
First of all, I expect market to continue trading down to support 15400 - 15450 pts and reverse upward.
might face a little resistance near 15550 pts, there're two possibilities:

One:
Market resisted below 15550 pts and continue trading sideways between 15400 - 15600 pts.

Two:
Market breakout to either side, continue trading higher to 15800
or break down to 15200 pts.

Nasdaq 100

Super bull in NQ never dies.
Never tired.  Never need any rest.

Just go higher Nasdaq 100, target 3260 pts.

Cheers
Ayumi

DJIA and Nasdaq 100

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.

DJIA and Nasdaq 100

for the week starting 9-Sep-2013

DJIA

Weekly candle suggest further upside to test resistance.
Current resistance R1: 15,050 pts, market is trading at 15,015 pts now.
After breaking above 15,050 pts, DJIA shall head higher to R2: 15,200 pts.

Current support 14,930 pts, a good level to hunt long.
ATR : 120 pts

Nasdaq 100
Bullish Nasdaq 100.
Looking forward to AAPL announcement tomorrow.
New iPhone shall be announced, and generally we are also expecting something *new in other i-products.

Once again, Nasdaq 100 break new high.
Support is far away at 3,120 pts.

Next target for Nasdaq 100 @ 3,213 pts.

DJIA and Nasdaq 100

Winning the Olympics means a boost in Nikkei.
While I am driving to work, I receive a sms saying Nikkei jumps nearly 3% after robust data and winning Olympic bids, courtesy from CNBC RT mobile app.

Last Friday DJIA has a volatile trading day, disappointing NFP figures and market close positive for the week.

News & Analysis on NFP
Marc To Market [read]
Bloomberg [read]
Business Insider [read]

Well I think Bernanke and the company is decided to taper the stimulus.
Just a matter of when, this month, or next month.

But the technical chart suggest sideways going to continue.
I shall update with technical chart later today.
NetDania chart go crazy, will update tonight at 10pm (GMT+8).

Syrian War
Why Syrian War matters to Oil Market [read]
Strike on Syria? [read]

iPhone, Apple, What to expect this week on Stock Market
Week Ahead [read]

I discovered this cool page on world index [Index map]

Cheers
Ayumi

DJIA and Nasdaq 100

For the week starting 2-Sep-2013

US Dollar was firm against most of its major counterparts on Friday - so does today.

On the US economic data front, both personal income and personal spending rose 0.1% MoM (+0.2% and +0.3% expected respectively) in July.
Chicago Purchasing Manager index increased to 53.0 as expected in August from 52.3 the previous month. Thomson Reuters/University of Michigan final index of consumer sentiment fell to 82.1 (80.5 expected) from 85.1 the prior month.

DJIA
It was a bearish week for Dow since August 2013 and DJIA suffered 4 weeks of losses.
The Dow is approaching its 200 days EMA and we suspect the downfall is going to halt for a while .. and we are waiting for the congress meeting / decision over Syrian Civil war.

DJIA shall trade between 14730 - 15030 this week, breaking either side shall set the next trend.
I forecast DJIA to be bearish during early of the week and test support on Wednesday.
I am slight bullish and intend to hunt long around 14750 pts.

If support 14750 does not hold, expect strong support around 14,550 pts.

Nasdaq 100
I would say nothing much on Nasdaq 100, but a good opportunity to trade using fibo level.
Expect Nasdaq 100 to swing bias up.


- Posted using BlogPress from my iPhone

DJIA and Nasdaq 100

for the week starting 5-Aug-2013

This is going to be the last 3 days of work before the Raya holiday.
Thursday and Friday is public holiday here in Malaysia and I get to continue clearing off my stuff :)
yippy!

DJIA

Last week DJIA posted modest gains, despite a disappointing job report.
The week is quiet and DJIA shall continue trading sideways bias up, supported above 15550 pts.
Day range around 80 pts.

Still looking at DJIA going towards 16000.  But it seems slow.

Nasdaq 100

Nasdaq 100 in contrary, posted stronger gains than DJIA.
Looking forward to Nasdaq 100 hitting 3160 pts this week.

Due to the lackluster trading .. I do not plan to trade this week.

DJIA and Nasdaq 100

for the week starting 29-Jul-2013

DJIA

Daily Chart
Hola! DJIA break new high, test strong support 15400.
rebounded back to 15554 pts and closed lower this week.

4 hour chart not looking good, a series of lower high, lower low from mid-end of week.

Hourly / Intraday Chart
Market is so alive last Friday.

Intraday trading at overbought level.
await pullback.

Support / Resistance
As per the chart above, this is support (S) / resistance (R) for 1-2 weeks.
R2: 15850
R1: 15620
S1: 15400
S2: 15250

Bullish
Intraday buy 15500 pts, SL 35 ots, TG 15600 or EOD.
Day range diminishing.

July is still a super bull month.
Day range reduced from 180 pts during early July to current 100 pts.

Nasdaq 100

Bullish, higher high, higher low.

R2: 3140
R1: 3090
S1: 3030
S2: 3000

Nasdaq 100 constitutes above EMA20 (D) EMA50 (4H), bullish.

Based on the way Nasdaq 100 trading lately, I would like to play safe.

Extreme Ends, Fibo Range:
Long at 3049, SL 3041, TG 3060 / EOD.
Short at 3085, SL 3093, TG 3060 / EOD.

Cheers
Ayumi

DJIA and Nasdaq 100

for the week starting 15-July-2013

Am chillin' out at starbucks while beginning my week.
Sunday is a good start except, the aircond blower is getting strong when it is passing 1pm.

I am listening to "If I should Love Again" by Nina, from the Album: Nina feat. the Hits of Barry Manilow.
It's the first time I hear the bass detail via my new toy ~ "BassBuds".

I did quite a number of thing this morning, went to church (although being late), ate the banana chocolate muffin in Starbucks (and contributed 15% to charity), bought a limited edition tumbler, successfully edited a song for my belly-kids (using freeware Audacity).

This morning is just wonderful.

Those who follow my blog knows that I have turned from short to long.
when DJIA break above point B (15350 pts), and Nasdaq 100 has definitely made new high, finally hit 3,070 pts like I mentioned earlier, and gave up earlier.
Related Post:
27-May-2013 when I am convinced Nasdaq 100 gonna make it...
3-June-2013 when I think Nasdaq 100 is not going to tough 3070

Deceived, and made changes too often..
How come our pro-traders are so sure that market is not turning down back then?
There are many questions, and there are many more to learn.

Well, pro-traders, and seasoned traders are smart, and wise.

I am lucky, even though with different market opinion, I did not lose money these two months, instead made some.

DJIA

Weekly Chart:
Bullish
Reaching Higher
Breaking above 1550 soon
and next 15850 pts.

Daily Chart:
Bearish candlestick pattern last Friday might push DJIA down to 15,280 pts, a likely rebound might seen if market were to go towards strong support at 15180 pts.

You find that my point B has not been taken out from the daily chart and the Friday candlestick pattern suggested many resistance at this point.

If market is not going to break 15,550 pts, I am still a strong believer of downturn.
If yes, market break above this level 15,550 pts, then 15,850 pts it goes.

I will prefer to short on Monday.
Initial shadow 15490 pts.
Fibo range 15500 pts
SL 15550 pts
TG 15370 pts

If market continue to fall to 15180 pts (Strong support indicated in daily chart),
and if market show support either 15280 or 15180, I would go long.

If ... market go lower, rebound with convincing pattern (may be Tuesday):
Long 15280 pts
SL 15230 pts
TG 15450 pts.

This is what I forecast for early of the week:

Nasdaq 100

Hit 3070 level (forecast in May 2013).
This is a New high in Nasdaq 100, from the technical chart, this means bullish and it is going to hit  higher.
Next target 3092.

View: Bullish.

If you planted some gung-ho seeds in me, I might want to enter long with initial shadow 3062 pts, but erm...
It is contradicting with my DJIA forecast, and I have no trade preference in this market -- give me an Asahi may be I would do it.

Strong Support 3,020 pts.

Cheers
Ayumi

DJIA and Nasdaq 100

for week starting 8-July-2013

Past week is a busy week.
I went north of Malaysia on Sunday (1/7) spent two nights in Penang, then back to KL for 3 days continuous training with a lot of homework (just didn't expect my training to be this intense) and at last on Friday went to Sri Kembangan for a product demo.

This week and the following week will continue to work in two time zones, literally staying awake for whole day.
Software consulting work from 9am - 6pm, dance from 8pm-10pm, traning from 11pm-4am (next day).

I think I can rest from 4am to 7am? Can hardly imagine that.
I think I love my job.

Let's review my past week forecast.

DJIA 4 Hour Chart

Last week, early of the week the forecast went well.
Remember on Thursday, I posted that I intend to enter short when market test 15100 pts again, but if reversal didn't happen, hold it.
So I didn't enter short, I didn't even watch market that hour.
Related post: [DJIA 4-Jul-2013]

A friend from Singapore PaulC left a comment in my FB, remind me to be alert that DJIA might go to 16000 pts before melting.
Well I think I should take precaution of that too.

Let's see what I see from chart and from my Support Resistance + Fibonacci + PowerWave perspective.

Monthly Chart
July candle is bullish, hopefully it stays below 15200-300 pts and close the monthly candle below 14900 pts, it looks healthy this way for bear to breed.

Otherwise my point B will be taken out, I expect market to move higher towards 15500 pts.

Weekly Chart
If I look at the chart from bottom up, recent low at 14540 has fulfilled 1/3 retracement - which means DJIA is set to go higher, towards 16650 pts.

like this:

Daily Chart
Last Friday is an interesting trading day.
it was US Independence day holiday, many observe this holiday and off but market resumed trading towards end of the market day.

It has been falling and I thought: "yeah, its coming!"

But from 30 mins chart, market had a nice fall towards 15000 level, hit EMA200 (30M), rebounded sharply and closed with a positive candle.

Federal Reserves still have strong impact in the US market, positive economic data has been a strong factor to market confidence.

8-July, Monday, I expect market to trade higher towards 15300 pts.
Support 15020 pts.
Resistance 15200 pts.

Am still looking for opportunity to short.

Trade Plan
Intend to:
Short 15220 pts
SL 15280
TG 15040

Long 14960
SL 14900
TG 15140

Nasdaq 100

Not as bullish as Dow.

No Trade.

DJIA and Nasdaq 100

for the week starting 1-July-2013

When I commit to start looking at my losing trade..
I realizes.. I commit to making the same mistake.

I went to the church this morning, visiting the church my colleague AG used to go.
The topic were not much on trading.. what surprises to me is that, during the worship I uncontrollably cried, and the tears fall like a leaking tab.

A good friend of mine, LW, he said:
"That's the hand of God, touches you. For redemption, confession".
He is just another personality that never stop surprising me.
Never underestimate someone else's pain, I am glad he has passed many tests, and challenges, and still being him, crazy fella.

Perhaps after time my wound would heal.  Perhaps after time I would embrace my limitation, and live limitless.

DJIA
Last week on DJIA, check this out:

DJIA 4 Hour Chart.

well so market went a bit higher than 2nd resistance 15000..
highest 15071 pts.

Monday market may go sideways between 14850 - 15000 pts.
If market continue to suffer below 15,071 pts, I am strong bear.
I would just love to plant shorts, and more shorts.

Aim to plant short at 15000 pts (or higher), SL slightly above high 15080.
Target exit 14850, or 14820 pts.

This is also the level where market shall find support before the next move.

Weekly Chart
From higher time frame, market still forms lower high, lower low and the power wave formation is intact.
next target to hit 14250 - 14300 pts, rebound, if the sentiment is low market might reach down to 13,900 pts in 2-3 weeks (by mid July 2013).

Nasdaq 100

I think I have double standards when it comes to Nasdaq 100 compare to DJIA.

Nasdaq 100 shall trade sideways early of week between 2880 - 2940 pts.
and there might be a potential for Nasdaq 100 to break above 2940 pts, if this happens, we expect a strong resistance at 3000 pts.

Well, I hope market capped below 2940 pts, and start the slide towards 2850 pts.
If the slide really happens, next target for this downwave is 2760 tps.

I will abandon my short view if market break above 2940 and close near 3000 pts.
This just shouldn't happen...

Cheers
Ayumi

DJIA and Nasdaq 100

for week starting 24-June-2013

I started to develop this habit of writing my forecast on a weekly basis.
And every beginning of a week, I would look back at my previous week forecast.
for week starting 17-June-2013, posted on 18-June-2013

and this is what happened:

Timing and Price is always the main clue we need to find from the chart, it is always the key to our forecast.

I am happy when my forecast for direction is right, but I am still searching the ideas to make it work for me.
I did some silly mistake last week, and a very good blogger friend shared some nice comment and made my day.
Thank you soulfire. his blog here [Xanga]

We are at the final week of June 2013.

Monthly Chart:

monthly candle is looking ugly already...
there would be some shadow below, before the close of this month's candle.

So I forecast the last trading week, DJIA break below previous month low (14690 pts), preferably test 14570 pts;
and close around 14750 pts.

Weekly Chart:

I reckon market to trade in a narrow range this week, bias down to test support 14570 pts, lowest to go 14460 pts.

Then rebound up to resistance 14850 pts before closing at 14750 pts again.
Strong resistance at 15000 pts, if market really reaches 15000 pts, I want to initiate short coupled with EMA50 strategy in 4H chart.

I would say there's nothing much this week, until a strong short signal prevails.

Nasdaq 100

Bearish

This week, Nasdaq 100 may continue to start the week falling towards 2850 pts.
There is a potential to rebound near 2850 pts, to bring Nasdaq 100 back up to 2900 pts, or strong resistance 2930 pts.

The bearish sentiment should stick unto Nasdaq 100 until end of July 2013.

I forecast Nasdaq 100 to fall towards 2757 pts, then 2680 pts, it should not break below 2580 pts to resume uptrend.

Cheers
Ayumi

DJIA and Nasdaq 100

For the week starting 17 June 2013

It's Tuesday today and I just got back to my desk to start work. Many emails and updates.

It's choppy on the DJIA chart last week.

See day chart.




Weekly chart captured on Tuesday 3:15pm (GMT+8)




I shall post my forecast tonight.


- Posted using BlogPress from my iPhone

When I view my blog I get to see a lot of squares and rectangular without chart, and the font size went haywire.

DJIA and Nasdaq 100

for the week starting 17 June 2013

Looking at weekly chart, we have two reversal candlestick pattern for mid May and end May 2013.

followed by two long shadow candle for 1st and 2nd week of June.

Coming into 3rd week of June, now what?

Market has corrected for 700 pts and recovered more than 400 pts as of now at 12am, GMT+8 / 12pm, ET.

I have two contrary view this week, market shall continue choppy sessions, to break above 15,300 pts, then test resistance 15,400 pts.

Major Support 14850 pts.

hence for this week I will trade with Fibo Range.

For Tuesday:

Short 15301 pts - 15320 pts

SL 15350 pts - 15375 pts

TG 15150 pts.

Long 15090 - 15100 pts

SL 15030 pts

TG 15300 pts.

Nasdaq 100

From Weekly chart, Nasdaq 100 outlook is relatively bearish as I compare to DJIA.

Resistance at recent high 3005 pts.

Support 2,965 pts.

Fibo Range

Short 2995 - 3000 pts.

SL 3001 pts

TG 2960 pts

Long 2950 pts

SL 2930 pts

TG 2980 pts.

DJIA and Nasdaq 100

for the week starting 10 June 2013

Market has come to a pattern which many reversal traders like to participate.

Weekly Chart:
After two reversal candlestick pattern in mid May and end of May 2013, market fall for 299 pts last week and closed above the weekly opening.

Daily Chart:
It is exciting to see market found support at 1/3 fibo level strongly, and rebounded - can I say uptrend is likely to continue?

Check the first correction in April 2013, and current correction - I hope it will be a guide if you are bullish.
Take precaution as on weekly chart, there is a lower low, and relatively lower high, if market breaking below 14,843 pts this month, bear will take control and send DJIA down to 14750, 14650 pts.

From intraday chart, I could do a quick forecast for coming trading day (Monday).

Bullish day candle shall sends DJIA higher but limit to 15310 pts resistant.
strong resistance 15400.
Breaking above 15400 pts I would abandon hunting short but watch closely how market break recent high to reach 15850 pts.

from 4 Hour chart, EMA50 has turned from resistance to a fighting line between bull and bear.
I prefer to trade at extreme ends.

Short 15290 pts, close EOD.
Long 15010 pts, close EOD.

Nasdaq 100

From intraday chart, Nasdaq 100 and DJIA pattern is slightly contradicting..

from 4 Hour chart, based on the candlestick pattern, I am a strong believer Nasdaq 100 would continue going down.

Rooftop resistance 3000 pts.

Support 2945
TG 2890

If Nasdaq100 were to go north, it must break above 3000 pts this week, and stay above 3030 pts for rest of this month.

Cheers
Ayumi

DJIA and Nasdaq 100

for week starting 3-Jun-2013

DJIA

Its bearish, but does this candle represent anything for US?

Well, it has hit 3L (blue) target or a 4L (orange) target near 15500 pts.
and formed a reversal candlestick pattern, followed by a bearish candle this week.

Let's take some clue from Dec'2012 (6 months ago), this pattern has formed after a series of positive candle, it wasn't an all time high, and market continue to skyrocket, it could be a history repeating by itself.

Stock market, one direction..  Up... Fed policy causing it?

Last week, Economic Data, positive.
Consumer confidence above expectation.
Unemployement Claims risen.

Take a look at Daily Chart.

When we look further, we have better idea of where the market is leading us.
With this bearish engulfing pattern, we are pretty sure market is going to suffer more loss this coming Monday.

I would prefer to trade with initial shadow on Monday, short at 30 pts above opening.
SL 50 pts, TG 150 pts.

Market could possibly find support near 15000 pts, but attempt to dive down to 14900 pts.
Target 14750 pts -- strong support.

Just in case market repeats by itself, some fundamental changes (like, fed decision) would lead DJIA back on track to resume uptrend.
Resistance 15530 pts (black)(batman head),
breaking above 15530 ptrs means DJIA could go all the way towards 15850 pts.

Personally, I would love to place short entry on Monday.
Short at 30 pts above opening.
SL 50 pts, TG 150 pts, TG2 14900, TG3 14750 pts.

Nasdaq 100

Refer to my last post on 27-May, I really hope  that market could  touch 3070.
Nope.

It works quite similar to Dow.

but we do not have bearish engulfing.
So again, I am less bearish. :-P

For short term trading, I guess I would end up entering Short entry near 3005 pts, SL 3020 (again!), TG 2885 pts.

For the weekly position I would hunt to short near 3015-3020 pts, SL 10 pts above , TG 2945 pts.

Cheers
Ayumi

Learn from Losing

Nasdaq 100 on last day of the month.

I initiated a short trade.
Based on the understanding of the end of the consolidation, from a smaller time frame.

I am not a master of trend line.. I don't trade with plotting a new diagonal lines then call them support / resistance, that's not me, but the pattern does suggest a little consolidation and it might end soon.  This is what I see.

while it might have a little range to go up, I wanted to bet on the shorting opportunity.

Market Entry initiated.
SL near previous high. 3020.

Obviously, like the trend line I set earlier.. market did has some range to go, and it reached highest 3023.
Before coming down, dive even below my short trade target.

Overall, this is what happened.

I am 1-2 hours early to enter to this short trade.
Did I make a mistake?
How do I time more accurately, how to improve?

Please enlighten me if you have any.

DJIA and Nasdaq 100

for the week starting 27 May 2013

DJIA Weekly Chart

its amazing to see how the fibo numbers working out... I plotted these since early of the year.

DJIA has hit 15550 levels and formed a reversal candlestick pattern on weekly chart.
Current support 15250 pts.

DJIA Daily Chart

Daily chart heavy swing.
Support 15150 pts.


DJIA 4H Chart

If market break below 15150 pts, it will turn resistance to go south towards 15000.
Strong Support 15000 pts.

This week's view: slight bearish.

Might consider using Fibo Range for this week.

Trade Setup: Fibo Range
Sell : 15,440 pts
SL: 15,480 pts
TG: 15,330 pts, 15,250 pts

Buy: 15,270 pts
SL: 15,230 pts
TG: 15,380 pts, 15,440 pts.

Nasdaq 100

Similar to Dow.  Market formed an early reversal candlestick pattern.
But it is less bearish compare to Dow.

I reckon market to continue surging higher towards 3,070 pts before turning down.
Resistance 3,050 pts
Support 2,960 pts

Current support : 2,997 pts which is also the daily initial shadow entry level.

Fibo Range
Buy: 2,980 pts, SL 2970 pts, TG 3,010 pts, 3,020 pts.
Sell: 3,020 pts, SL 3,030 pts, TG 2,990 pts, 2,980 pts.

DJIA and Nasdaq 100

for the week starting 13-May-2013

US labour market data showed a steady recovery boosting the dollar, causing the drop of gold price to $1430.

Last week Dow has shot another record high closing since 2008, DJIA surpassed 15,000 pts.
This week we foresee DJIA to find support around 14,950 - 15,000 pts and continue to advance further towards 15,250 pts.

Daily Trading:
Enter long when market is testing 15,000 pts, target exit 15,150 pts.
Daily Resistance 15,160 pts.

Nasdaq 100
Similarly for Nasdaq 100
Support 2945-50 pts,
Resistance 2985-2990 pts.

DJIA and Nasdaq 100

for the week starting 29 Apr 2013

Ladies and Gentlemen, Boys and Girls..
I had too much activities over the weekend.
Dance Classes, choreographies, Dance Practise, Movie, Shopping, Detox-ing, Meeting friends, passing Souvenirs, Photo-shooting.

So this week I skipped news.. :p

Technically DJIA has trading in small range last week, I reckon market to continue swing in coming week, with a slightly bigger range from 14400 - 14800, bias down.

Resistance
R2 14880
R1 14780
Support
S1 14670
S2 14470

I stay out during this type of market condition.

Let's say after my presentation tomorrow, I am free wanted to take position, I am going to use Fibo range:
Short 14780,
Long 14600,
SL 45 pts, TG 130 pts.


Nasdaq 100

More volatility.
Support 2820 pts.
Resistance 2880 pts.

if market is  trading higher and close above 2850 pts, it has great potential to mark new high.