The market make a late rebound but did not rally like I planned..
So the S&P is under pressure, if this is a bear trap this will a good one . I bet this is will really hurt the bear as I see the bear confident is gaining .... I might be wong...
From speculative view, this is what I would like to see.... the stock market is in the unpredictable zone where bull are limited, bull are afraid to extend the rally which we see the bull got kill faster Like the index hammer down fast then the bear is harder to kill due to more retailer try to short the market that is why the rebound take longer time to recovered. This is my understanding and if my undertsand is correct then we will see a rally within the next two tradeing session to a new high will be established...
1060 or 1080 this range will next target ? great possible...
Commentary on the market
Why I anticipated a late rally or rebound , from speculative view good news and sentiment in the open market is to lured the bull into the market , then Bull squeeze process begin, once the boy got enough victim like what I see now..they got the bull ... then the second part will be bear squeeze proccess .
Current sentiment will try to lure the bear out now... so I will not be surprise to see the S&P under pressure the in medium trading seesion
You can try to check past trading session this is always the case...
.. which is why I anticipate a rebound or rally later today... anyway the whole proccess will depend if they got enough victim ... might take another trading session if the process is not complete...
I might be wrong ... I will keep my position for now ...
I am a speculative now, I don;t buy or sell on daily news instead I planned my trading which is good for speculative market environment ..
I don't try to know the market, I try to understand their strategy .....
Why I think the rally will continues this is inside my thought , the boy got better profit when trader is in unpredictable market which create nervous mood like what we experience, because nervous create a sensitive mood, for the bull and the bears which is good to lay trap for both...but as investor we will would like to profit from market and will be lured to daily trading ...
Ok I might be wrong but I will still keep this trend for the time being.
Like a said early, if this is a bear trap and this will be a big one... as bear is gaining confident because they are make to believe even good news cannot make the market rally (good news is a bears market and bad is the bull market sound tricky )
From today trading, I feel something big is going to happen or change, the stock went down as the dollar... something fishy? I have a feeling that the dollar will be beaten down in the nears future. But for the stock I am not sure.
If we are going to see recovery in the next 3 - 6 month and the stock will be in higher position today then it make no sense to me that the big boy will let the market go down and let the retailer scope up the cheap stock ... This might be a one shoot rally but this rally will be full of trap.
So how about treasury, with continues trade deficit and budget deficit .... well ,, I will keep my short for now and I see what will unfold next weeks.
I am turning my attention to gold and crude oil, planning to accumulate some position.. Next week will be a start of the new month and I believe something big is going to happen and unexpected .... Just keep a big eye ...
Sentiment look bearish to me from the last week market movement but I will keep all my long in S&P @ 1019 and short trasury @ average 101 .86
It is more difficult to be a speculative then be a fundamentist as to be a speculative I have to defy all the logic and my feeling and focus on trading strategy..
Hope this new week will be grand to everyone...
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Bear trap.. suspected... entering long @ 1015
ReplyDeleteadding some position oil position @ 70.30
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