dspark123

dspark123

Stock price is below 200 MA, 50 MA is crossed over 200 MA.(dead cross) Today price is stalled at or below 0.618 Fibo, then lost steam, down trended whole day long. Next 2-3 weeks will show pivotal trend. If Fed is not supportive on next Fed meeting, trend will be down heading. Good profit by shorting today.

dspark123

We are entering BEAR Territory. Daily 50 MA crossed 200 MA, so called DEAD CROSS. This could be Correction, but more likely Entering BEAR if falls 20% over 2 months period (by definition). We have to watch more. Reason is follows: 1. stock is overvalued. 2. Earning growth is stalled. 3. Global economy is entering recession. 4. US manufacturing, GDP is falling...

dspark123

Volatility expected during coming week. tight stop is needed.

dspark123

Volatility expected during coming week. tight stop is needed.

dspark123

Volatility expected during coming week. tight stop is needed.

dspark123

Volatility expected during coming week. tight stop is needed.

dspark123

Today continuous bearish, below 8, 16, 24 MA and below 50, 100 MA along with pointing down of MACD, Stock RSI. As long as price becomes below 8 MA and other MA are all lining down, I continuously short, short only at the peak of 5 min chart, making huge profit today.

dspark123

Volatility continues till next week debt ceiling issue is over. Watch out in either direction. Market sentiment is lower.

dspark123

We are entering into not only the toughest volatility month of September, but also uncertainty of Syria air strike,Beige Book(9/4), non-farm payroll(9/6), Fed taper decision(9/18), quadruple witching day(9/20),debating of debt ceiling limit (9/30), most likely sentiment will be down trend, possible knocking bear market door. As I dare declared "August 2nd is the...

dspark123

We are entering into not only the toughest volatility month of September, but also uncertainty of Syria air strike,Beige Book(9/4), non-farm payroll(9/6), Fed taper decision(9/18), quadruple witching day(9/20),debating of debt ceiling limit (9/30), most likely sentiment will be down trend, possible knocking bear market door. As I dare declared "August 2nd is...

dspark123

Currently topping is forming. Today price continuously below 8 MA, 16 MA, 24 MA, approaching to 50 MA. 1,705.06 on Aug 5 could be market top. As long as price is falling down below opening price, net price and MACD along with Stoch RSI are pointing down, then, continuously short, short, short only at the peak of 5 min chart. Market sentiment is bearish forming....

dspark123

For past several days, basically price action showed side way, in the middle of Keltner channel--so called, "no man's land", hesitating to go one direction, bulls and bears are fighting. However, we are seeing converging of 8 MA, 16 MA, 24 MA line, more likely price will turn to downside, appears big sell out is coming soon. So short-term day trading is...

dspark123

Time to short as once trend line is broken, current price is falling below 8MA. MACD and Stock RSI is pointing down. So current price is falling below opening price and net price, then, at the peak of 5 min chart, short, short, short only. Flexibility is the key. No stubborn. Ride the tide and wave. Never lose by following method. Once the first tier (out of 3...

dspark123

Today's market was bullish, continuously up-trending, above 8 MA. As long as the price is above net price, opening price and above 8 MA, with MACD & Stoch RSI is up-pointing, go long, only long at the bottom of 5 min chart, especially at the developing moment of counter-trend(inflection point) in 10-10:30 AM ET. This trend will go for a while, forming ascending...

dspark123

Today's market showed bullish up trending, above net price, opening price, developing ascending wedge. This trend will go for a while, then, down trend will follow eventually. Until trend line is broken, keep long at the bottom of 5 min chart.

dspark123

Past several days SPY was walking sideways. Today top price was tested and quickly rejected by professional trader in PM, forming bearish spindle, ascending triangle. During next few days, either top price will be tested again, broken out or fall down. Whatever scenario happens, it doesn't matter on trading technique. When price is falling down below opening price...

dspark123

Today was bearish, formed bearish engulfing and trend line was broken, closing price is below 8MA. MACD upper line is turning down and Stoch RSI has been crossed, turning down. We are in the upper Keltner channel. This was perfect set up for shorting. I made a quite profits by shorting at the peak of 5 min chart several times today. Tomorrow chances are...

dspark123

As I predicted and mentioned on the publication yesterday, today's market was bearish. Once the price started to fall down below the opening price, it was the time to short at the peak of 5 min chart, short only as long as bearish trend is presented. This week, Earning season will test fundamentals. We are in the sucker's rally from Fed's cheap money supply ,...