The market is going up. Yesterday operation proved being wrong. Cover the QQQQ short ASAP. Then wait the S&P passes 1474 and QQQQ passes 49.4, long AAPL, GOOG, and AMZN. (pre-market)
The market does what I was expected, but my operation didn't generate profits so far. The reason was I acted too early. Again, TAs are good friends. Still need to follow up with the trends. During the time, the DOW and S&P was up strong, but NAZ lagged. I believe the NAZ will catch up. Ref the action items, need to study hard on this pattern (daily based). It shows very strong upwards. (11:00 am)
The market drafted in the late afternoon trading. Will I categorize it as a distrubition day?Definitely not. Dow and S&P broke up. But NAZ didn't. Watch those broke up line carefully. My take on the market is going up. The last 5 minutes trades was strong upwards. I think that NAZ was strong (above 50 MA already), now DOW and SP are above 50 MA. (4:00 pm)
The market is definitely in the break out mode, but we just don't know when it breaks.
Action:
1. Does This pattern hint a huge leg up?
%K crosses or about to crosses D%;
%K and %D are between 30-70 level;
MACD and signal lines are almost parallel around 0 line.
2. DSX announced 10M shares sell, watch out and buy from the dip;
3. Is GOOG about to break up?
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