Hi All,
I prefer to read gurus and chartists' postings daily to make decision on investment. I'm a novice in technical charting analysis. Will link more value added free market sentiment, technical and fundamental links here as informations for reference only.
Market Trend
1. Watch Shanghai Index (SSE) - Closed above technical and sentiment resistance > 2600 (Fri @2637.50 - Bingo!) MP Trader charted on SSE trend... I agree with his insight.
2. Watch China GDP report over the weekend. If positive, Shanghai index will lead the Asia market, Europe and even US markets.
3. Fundamental positive todate.
4. Watch Copper and Gold Future trends when Asia market opens
In my opinion, hold cash (neutral) and watch the Asia trend carefully early next week. Asia will grow but US will slow down. This is a bear market correction. Need to expect the unexpected!
If US bond rate dipping, gold price correct down further, Dr. Copper still trending up, that will be positive sign for stock. Nevertheless, there are other indicators such as currency trend (US/JPY, etc.) and sentiment indicator(s) before you jump to conclusion. Love the market and ride the trend. Market will set the direction and Don't go against market trend!
Asia corporate reporting season has kicked off; positive results todate. Any folk has link on site that provides China, Hong Kong, Singapore, Japan, Korea, etc. with details; date of results to be released and forecast vs. actual earning.
My favourite blogs are PUG, Alphahorn, Fallorn, Carl Futia, Caldaroew (the ELLIOT WAVE lives on), Cobra ....
Cheers,
SimpleMind
P/S
- Sentiment, Fundamental & Technical Analysis
- Market Dictates the trend and Don't go against the Market Trend
- My investment approach based on Neutral, Buy on Dip, Sell on Strength
