S&P 500 has risen 18.28% since 2018 December low and is only 25 points away from 2800 level.
This kind of big move up in such a short time is not seen at least in the last 22 years. The market is too bullish to trust as fundamentals do not match. Since the index was turned back down 3 times in the past near 2800, it is a formidable resistance to go over. It also happens that February 19 is a Full Moon Day coincide with trend lines crossing on that day, it increases the chance of a trend reversal. Even though stock market sometimes defies expectation, but these overwhelming evidence deserve attention.
标准普尔500指数自2018年12月低点以来已上涨了18.28%,现在距离2800点仅25点了。 在这么短的时间里,这种大升幅至少在过去的22年里没有出现过。 由于基本面不匹配,股市的过于乐观令人难以信任。 由于指数在过去在接近2800点时被阻回落了3次,因此这是一个难过的阻力。 2月19日为月圆日而趋势线相交也发生在当天,这大大增加了趋势逆转的机率。 尽管股市有时会违背预期,但这些压倒性的转势证据值得关注。
This blog follows the US stock market daily. Free market news, market comments, stock charts, stock and options buy/sell suggestions are provided throughout the day.
Saturday, February 16, 2019
A Market Turning Point Is Near, Will It Happen?市场转折点临近,是否会发生?
Contact Email: tradeideablog@gmail.com
U.C. Berkeley graduated, former electronic/computer engineer turned investment advisor / analyst. In the market 42 years with focus in market timing, learned from experience to trust charts,combine with trend, valuation, news and investors sentiment in making trading decisions,, knowing anything can happen to the market so very flexible to trade both sides of the market. 1992 CNBC/USA Today Investment Challenge professional options division champ with 3 month return of 1125%. In real life trading accomplished 9600% return by trading TZA options in the course of 3 months, doubled account value in 3 months by trading 3X ETFs. Now retired and enjoy trading stock and options daily. On going partnership with Sing Tao Daily and Sing Tao Radios in offering advanced stock and options trading classes semi-annually.
联系Email:tradeideablog@gmail.com
伯克利加州大学毕业,前电子/计算机工程师转为财务顾问/股市分析师。 在市场42年,专注于参与市场时机。从经验中学到信任图表,结合趋势、估值、新闻和投资者情绪做出交易决策。知道任何事情都可能发生在市场上,因此非常灵活地参与买涨及做空,参与市场的两个方向。 1992年CNBC /今日美国日报投资挑战赛专业期权组冠军,3个月回报率为1125%。 在现实生活中,通过在3个月内交易TZA期权获得9600%的回报,通过交易3X ETF在3个月内使账户价值翻倍。 现在退休,享受每日交易股票和期权。 与星岛日报和星岛电台合作,每半年提供一次深入的股票和期权交易课程。
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