Friday 8 June 2012

Ben Bernanke never gives any signs of QE3

Dear Friends,

Today after Big Ben's testimony talk, the market goes down a bit. But it hangs there. Now at 2pm EST, market goes back up to triple digit.

This is the summary of the speech:

Today we got a surprise cut by China in interest rate which is certainly a booster.

Maybe S-chips might be rising 2moro. It might be am injection that is needed. Let us see...

Unbelievably, Dow Jones have risen for 3 consecutive days, and by triple digits for yesterday. Maybe 2day will be one. It has almost erased this month's drop so far. Quite a remarkably volatile month so far.

So far this rise is difficult to explain using technical analysis especially after S&P500 drops below 200day MA. Remember the whole world shouting BEAR just 3 days ago? What about hedge fund dumping their shares or the trigger stop? None has happened so far.

I like to study fundamental economical data to know the direction. Do still take note that this month's economical data should remain weaken than estimates. And 2moro is Friday, expect some profit taking after this strong run these 3 days.

GET ready for EURO CUP football GUYS! OLE OLE OLE....


Apple 5G phone will be a revolution! How do you take advantage of this hype?

Dear Friends, It is a well known fact that US is trying to catch up with the 5G technology of China. That is the reason why US has viewed ...