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.

Little live

I find it interesting when someone flip to that magazine, and saw my face, and text me.
I feel happy.

This is not recognition.
Plain, ego.

Just have fun, take it easy.

I've been to the beach today.
It is a great outing, with a few new friends.
Laughter, Good Food, Good Photos.
Well, first time I get to see myself in red, without looking like a she-man.
Live life.
I like.

USD/JPY on 2013-04-23

This is scary

Can u see the long shadow in one of the 30 minutes candle?

I was having a Long position.

I was tired and sleepy.

And luckily I moved stop loss to entry, came out of the trade at zero profit zero loss.



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DJIA and Nasdaq 100

Internet Connection go haywire.

My forecast were not completed and I pronounce today as a holiday. :)

for week starting 22-Apr-2013

forecast made on:
23-Apr-2013 (Tue) 12:15am (GMT+8, SG/MY Time)

DJIA

DJIA has fallen towards important support level 14450 pts, lowest 14,462 pts.

I believe market is going to test this support line for 2 more times before the next trend.
I favour up.

Resistance 14,630 pts.
From intraday 4H chart, this week's market is slight bearish.  Prone to selling pressure, to 14,450 pts.
Once 14,450 pts then it shall continue the fall towards 14,320 pts, then 14,150 pts.

Nasdaq 100

Nasdaq 100 is slight bearish but just crossed and trading above EMA50 (4H), if Nasdaq 100 can sustain above 2,798 pts, it might go up to 2,810 pts then 2,835 pts.

Otherwise will revisit support levels 2,745 pts, 2,730 pts, 2,690 pts.

Cheers
Ayumi

DJIA and Nasdaq 100

For the week starting 22nd April 2013
This is the second Sunday I enter my blog from this land.
Still not used to the timing.
Had Heinz baked beans with eggs and lamb for breakfast. And lamb chop for lunch. So many lamb.
I desperately needed a detox in coming week.
I miss salad, yoghurt, corn flakes...
Indices
US stock market closed Friday session at 14,547.51 pts with little gains (10.37 pts, 0.07%) but overall it collapsed more than 2% for the week.
Apple's share dropped 9.1% on the week.
DJIA

Gold and Silver

Gold fall $83.04 since morning (more than 5%)
Silver fall $2.69 since morning (more than 10%)

No sign for retracement.

DJIA and Nasdaq 100

for the week starting 15 Apr 2013

DJIA had a strong show last week, shooting up from 14500 and close just below 14900 at 14865.06 pts.

I have time on my own today... So I sit back, relax, and contemplated.

[ ]

Who would have though market reaching 15000 in Jan 2013?

I believe some of the seasoned traders, experienced traders, or investors would have given this forecast.. and I think I heard sifu D mentioned it, I never take it seriously.

I had a quick glanced through my blog posts, although I am generally bullish, I never attempt to give a wild target of 15k - my weekly forecast normally forecasts 1-2 weeks target levels, this level 15,000 never appear.

Forecast is one side of the coin, the other side of the coin, whether we take action or we let it slipped away, who hold a buy position from January 14,000 to April 15,000?

And who, hold a sell position from January to April?

[ ]

Perhaps some of you have seen this..
I have seen this video, and it reminded me.

[ ]

Many times I wanted to do something new, and I stopped doing something old.
This year resolution - I don't want to try doing anything new, but I want to stick to what I do.
Consultancy, Dance, and Trade.

Keep going, make it work (again), make progress - I can add new elements, learn to handle detail, practice with modesty, being patient.

Well, AiShiang who commented on my blogpost last week, yeah, it has been weeks I stopped blogging FX...
Thank you for being here.

[ ]

[[ Market Talk ]]


According to Data from National Bureau of Statistics in Beijing - factory output in March weakened, China missed its GDP, Q1 GDP slows to 7.7%.

Gold price sinking.

DJIA

US earning data is entering into full swing.
Should be the medicine to drive US Indices Higher.

Current Support 14780
Support 14730 pts
Resistance 14900
Target 15000

Nasdaq 100

Support 2835
Target 2890

Gold price sinking

Last week Gold opens around 1580, and closed at 1480.

It has been down by 5% this morning, Gold is under pressure, trading lower and just broke below $1400.

We foresee Gold price to continue falling sharply lower.
I has just break below a very strong support line and we reckon Gold to plunge towards 1350, then to 1320..

 

DJIA and Nasdaq 100

for the week starting 8 Apr 2013

Last week when Dow is trading at 14600, I wished to short and market did come down to 14450 area and closed above 14550 pts.  This hunch worked quite well, except myself bite the bullet to short.

US payroll data (NFP) has risen less than forecast.

Daily Chart: Uptrend intact, we are still looking at 14700 pts. target.
if market is going to retrace, day chart support 14,387 pts.

Intraday 4 Hour Chart:
Market broke below EMA50 and touched 14450 pts last week.
Uptrend is still intact except with a little bit of stronger pull back.

This week, as the earnings unfolds, we want to watch Dow marking new high (breaking above 14700); failing to do so and resisted below 14630 pts would be an early sign for market retracement.

For the first time... after long time.  I want to short, and my trading plan:
Short @ 14580
SL @ 14630
TG @ 14450, 14380

I am still sticking to short term trading - trade 1 to 2 days than to hold for 3 or 4 days up to weeks.

Cheers
Ayumi

DJIA and Nasdaq 100

for the week starting 1 Apr 2013
2nd Quarter begins today.
It was a big change day today.
I am moving up from my current office, to 8 levels above.
Although I still works in the same enterprise, but I get a new team, they are relatively smaller in size.
I get a new team!
Though I am not excited for the time being, as I still moan over losing my current team, I miss the great time together, great office, great challenges.  I am not sure how the new team would be able to embrace the challenges in a friendly manner as we did.
I hope, by stepping into the new office - I will get excited again.
Yesterday once more, different people, same product, different ways to manage.
Wall Street
2nd Quarter begins..
So we are looking forward to NFP by Labour Department, this week.

Economists surveyed by Briefing.com are expecting the U.S. economy to have added 178,000 jobs in March and the unemployment rate to hold steady at 7.7%.
This would mark a pull-back from the February jobs report, in which the Labor Department reported that the economy added 236,000 jobs, much stronger than the 119,000 added in January.

from Money CNN

DJIA
Market closed at 14,578.54 pts last Friday.
New highs, new expectation for pullback.
Not before reaching 14,650 - 14,700 pts, next target 15,050 pts.
Uptrend intact, keep testing EMA50 support line (4 hour chart)
Strong Support 14500 pts.
With European crisis back to the limelight, I take short term position (1-2 days) than to sit and hold for days, even week.
Today's trade:
Enter Long at 14,560;
SL 40 pts @ 14,520 pts;
TG 120 pts @ 14,680 pts or EOD.
Nasdaq 100
Nasdaq 100 is slight bullish compare to DJIA, support 2800.
Resistance 2835.
Enter Long 2814 pts;
SL 8 pts @ 2806 pts;
TG 1: 2831 pts
TG 2: 2839 pts or EOD.


Cheers
Ayumi

Transaction

Stopped out!




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Transaction

Long Dow near 14550.
SL 50 pts
TE 150 pts



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DJIA and Nasdaq 100

For the week starting 25-Mar-2013

Hi everyone, sorry for the late update.  My schedule is pretty tight this week; I just had a full day discussion and presentation, followed by 3 days conference in KL.

The week started off with Asian Stocks Rally, followed by European shares open higher.  Cyprus, International lenders reached draft bailout deal, and the government shall impose capital controls on banks.

As per what soulfire has commented on my post last week, yeah, indeed, Cyprus bombshell!

This Tuesday, I am looking forward to Fed Chairman Bernanke speaks (Tuesday 1am, GMT+8 = SG/MY Time)

DJIA

With US30 (FXCM) opens and break above double top, market is going another wave up towards 14,800 pts.

EMA50 (4 Hour Chart) does its best to show support near 14,460pts now.
Market is currently trading near 14,570 pts.

Intraday (1 Hour Chart)
Market has traded near its session high and I reckon market to trade sideways bias down until US market begins in 3 hours.  Hope that it could retrace to find support near 14,530 pts. for me to initiate long, Target exit 14,700 pts. / EOD.


Nasdaq 100

Similar to Dow, Nasdaq 100 has break above last week’s high and it is going towards 2,830 pts.
Currently trading at 2813, Support 2805 pts., target 2830 pts. / EOD.

Cheers
Ayumi

DJIA and Nasdaq 100

for the week starting 18-Mar-2013

Today, is the last day of service for my crazy colleague, whom I regard him to be a friend.
They said, if you have a crazy friend, you have everything.
I am glad I know such person existed.

Little brother, farewell!

-------

DJIA fell 0.2% last Friday, ending the longest winning streak since 1996.
U.S. dollar weakened. The yield on the 10-year U.S. Treasury note dipped to 2%.

The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion) – Cyprus is the 5^th country receiving financial help during Euro-Zone debt crisis, after Greece, Ireland, Portugal, and Spain.

DJIA

Weekly Candle: The weekly candlestick pattern suggests early weaknesses in DJIA, we suspect market to trade lower in the coming week to 1/3 fibonacci retracement level around 14300 - 14350 pts.

This week in US we have some housing data on Tuesday night (SG/MY Time), and most importantly, Fed announcement on Thursday 2am, and Thursday night on manufacturing data and employment data.

For the beginning of the week, we reckon market to trade sideway bias down towards support near EMA50 (4H) or 1/3 Fibonacci Retracement Level aroudn 14300 - 14350 pts.

Then to accumulate strength and turn up upon positive data releases to form new high, breaking 14,550 pts towards 14,700 pts in the coming week.

Or turn down upon negative news releases to test support 14,150 pts.

Nasdaq 100

Similar to Dow.
Early of week, bearish.
Support:
2760 pts
2750 pts

Two Scenario:
Upon bad data, will dip to 2712 pts

Upon Fed new financial aid, reverse up, recover to
2780
2810
then retest previous high 2835.

Next to target 2855 (in coming weeks).

DJIA on Tue 12-Mar-2013

Hiring Picked up in February, the U.S. economy added 236,000 jobs in February; unemployement rate down to lowest level (7.7%) since December 2008.  The increase in jobs and decrease in the unemployment rate were better than expected.

Within this 30 minutes of NFP report, market swing and it was thrilling seeing the actions.



Tuesday 12-Mar-2013

Sorry for being late posting my forecast.  Market has reached higher and currently trading at 14,444 pts; market is trending higher and stochastic is high but no signal of turning down.

Next Target for DJIA: 14,550 pts, 14,700 pts.

Current Support 14,300 pts

Strong Support 14,200 pts

Today’s setup: Initial shadow long, enter Long at 14,420 pts, SL 13,390 pts, TG 14,550 pts / close EOD.

DJIA on Thu 7-Mar-2013

I entered short once, market swing, I am out.

Waited for 2 hours, market is quiet.  Trading sideways and returned to 14300 again.
Since it is close to the closing bell, I don't think I want to enter short at this moment.

Reckon market to retrace from current high 14300 pts to 1/3 retracement area 14200 pts.

For trend trading I would wait for long entry near 14200 pts, for short term trading (intraday) I will short near 14300 and target exit current support 14200 pts.

Cheers
Ayumi

DJIA and Nasdaq 100

for the week starting 4-Mar-2013

Me and mentor, we had a little chat.

I long US30 (DJIA) last Friday after formation of the EMA50 in 4H chart.
Mentor says : Oh no~~~~!!!! You are anti-recession.
Hahaha target to close at 14150 pts.  Currently floating 66 pts. profit.


DJIA

From Economic Data front, US shows positive consumer sentiments, ISM Manufacturing PMI is better than expected.

The current chart pattern formed a higher high and a lower low, it looks like a trumpet, and it is hard to trade nowadays if you didn’t protect your trade with Stop Loss.

I am anti-recession.
Market shall go up, higher and higher.

It has reached 3L target last week at 14,120 pts. (the level I been waiting for months!)

A new PowerWave has formed with last week’s candlestick pattern, it can either be a new down wave, or an inner wave and the extension of the up wave – beware!

This week, we forecast market to challenge all time high (2007) 14,270 pts.

This week:
Resistance: 14270 - 290 pts.
Resistance: 14150 pts.
1st Support: 14000 - 050 pts.
Strong Support: 13850 pts., breaking below this level would trigger to bearish sentiment

Monday:
Long with initial shadow, near 14000 – 14050 region, SL 50 pts. from entry, TG 14150, TG2: 14250 – 14290 pts.

Once market has breakup above 14,300 pts., market might reach 14,650 – 14,700 pts. within this month of March 2013.


Nasdaq 100

Hope for another bullish candle to resume up trend.

Target: 2785 pts.
Resistance: 2760 pts.
Current Support: 2735 pts.
Strong Support: 2710 pts.


Sequester news going on.....
watch for opportunities

DJIA and Nasdaq 100

for the week starting 25 Feb 2013

Ops! Its 10:40pm (GMT+8) here and market has opened almost an hour ago.
Market has gained 37 pts, last done 14,037.63 pts (+37.06%).

Sequester
governors from around the country were gathering in washington last weekend for the national governors association winter meeting. The delayed sequester is scheduled to hit in March.

Related video:
http://live.wsj.com/video/seib--wessel-sequester-cuts-likely-to-kick-in/1F74EB22-52AA-4CC0-B5F6-07880521436F.html

Well I do think that US will once again propose to raise debt ceiling, introduces some other means to ease economy.

DJIA

Weekly Chart:
last week market found support near 13850 pts (low 13836 pts) and closes above 14000.
With this market pattern, we suspect market to be volatile this week trying to hit higher high.

Daily Chart:
Last Friday was a positive day, market gained 119.95 pts to 14000.57 pts from previous close 13880.62.

market is trading near overbought area and 14000 has become a temporary support should market continue to try higher.

14120 pts.

Well I do hope a healthy correction to EMA50 (4H) support near 13,970 pts - before market hitting higher high.

I would prefer to intiate Long at 13,970 pts area.

Immediate target 14,120 pts, Target 14,200, 14,450 pts over March 2013.


Nasdaq 100

Nasdaq 100 is volatile.  Big up, Big down.  Exciting.

Forecast market to test support before turning up to try higher high towards 2815 pts

Support 1: 2750
Support 2: 2710
Support 3: 2680

Target 1: 2780
Target 2: 2815

Cheers
Ayumi

DJIA and Nasdaq 100

for the week starting 18 Feb 2013

Last week University of Michigan's February report on consumer sentiment came in at 76.3, above a 74.8 forecast, this week’s major annoucement fall on Wednesday 9:30pm – Building Permits and PPI, Thursday – FOMC Meeting Minutes, Core CPI, Existing Home Sales, Philly Fed Manufacturing Index.

DJIA

DJIA closed just barely higher but formed a bearish candlestick pattern on weekly chart.

With the new high formed last week, at first I was a strong believer that market could look up above 14100 to hit 14,120 pts.  Instead, market fall to support above 13900 and closed at 13,981.76 pts last Friday.

I am getting back to my belief that stocks / DJIA needs to face correction by end of this month (February) and extend to March.

Related Post: http://ayumi216.blogspot.com/2013/02/djia-and-nasdaq-100_12.html
I maintain my forecast of the market.

current phase: market swings, correction awaiting breakout either to the top or bottom.
Breaking up above 14000, market is going to hit 14120 pts.
Breaking below - target 13850-875 pts, 13630-650 pts.

Nasdaq 100

Nasdaq 100 short term forecast: rebound from current low 2760 pts, to resistance 2770 pts.
enter long near support 2760 and enter short near 2775

Cheers
Ayumi

Dow! Dow! Dow!

Dow hit best level, and it breakup.

Currently trading at 14,040 pts.
Target 14,120 pts.

Go go go!