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Thursday, January 27, 2011

Bernanke QE2 Stronger Stock Market

...Traders are buying the slightest dip... Mr. Bernanke recently said: "Policies have contributed to a stronger stock market just as they did in March 2009... article here

Comments : Refer to earlier post, stock market dips likely shallow provided no major uncertainty! Chart may show negative divergences in SSE but consolidation since November 2010! 3 to 4 months stock market consolidation will likely very bullish for next 2 to 3 months! STI will rally along (likely election 2nd Quarter or early 3rd Quarter) SSE. SPX stock market rally for the past 3 months, need a break!

Wednesday, January 26, 2011

Laszlo Birinyi SPX 2854 By 2013

Laszlo Birinyi : ...The money manager, who has previously pegged the S&P 500 at 2854 by 2013, also said he believes charting the history of rallies is more useful in market analysis than heavy focus on global economics or fundamentals... He noted that the recent rally has signified the "second" stage of a long-term bull market; the market moved higher after this comment, Dave Rovelli, managing director of equity trading at Canaccord Genuity, told CNBC...

Comments : SSE and STI are laggard stock markets with shallow dips soon. SSE support at 2500 to 2600 and STI support at 3125 to 3150. SSE consolidating since November 2010 with STI following SSE! Stock Market reversal ...

Saturday, January 22, 2011

Doug Kass Gold $1050 Year 2011

Doug Kass uncanny prediction of gold hitting $1050 an ounce year end (tame inflation)... Optimistic camp predicts $1600! Gold will likely cool down in my view. Doug Kass also predicted stock market index in earlier post... 

Stock Market Consolidating Till February

Bearish stock market camp seems to move in aggressively. Shallow dips for stock picks in February. Bull will likely (may be this year strongest bull) turn the stock market trend till Mid April. All stock market Tops around this phase. SSE will continue to consolidate (rate tightening) and SPX (bullish secular bear market to bear secular bear market for next few weeks) likewise. Watch copper market trend...

Friday, January 21, 2011

Cramer - Positive on Home Sales

Cramer's postive view on housing is proven... Cramer discredit the "negative mongers"!

Comments : Likely shallow dips in SPX as mentioned earlier. Fundamental is picking up - positive for stock market trend. Likely good (may be very good) bonus from stock market shortists. 2012 white house election is near... Obama will be very pro-business - positive for stock market trend

Sunday, January 16, 2011

Cramer Next Week Predictions

Cramer's has uncanny stock market predictions. View Cramer's next week stock market pickings for reference only!

Comments : SPX likely break 1300 - 1310 (likely two to three attempts and move higher! Shallow dips but bullish ahead till March. Watch copper market trend after consolidation (cross 450 and higher) and SSE.

Wednesday, January 12, 2011

Saturday, January 8, 2011