S&P 500 was up 19 points this morning and is now up only 5. Dow was up 180 points earlier and is now up only 80. S&P 500 dropped through the high end of it's opening gap and went ahead to fill the gap, proceed to challenge yesterday's closing price, it then rallied to test the high end of its opening gap twice only to drop again from there, all these are bearish actions. This has the look of a down side reversal day, this pattern would be confirmed if S&P 500 drop through yesterday closing price of 2822. No progress in the US-China trade front and the long weekend ahead may drive traders to sell stock to avoid risk. Apple (AAPL) and Google (GOOG) turning negative from up should also drags. The Dow 200 day moving average at 25434 is likely to be retested.
标准普尔500指数今早上涨19点,目前仅上涨5. 道指早前上涨180点,目前仅上涨80点。标准普尔500指数跌穿开盘缺口的高端并继续填补了缺口,下跌挑战昨天的收盘价之后,它再次上涨测试其开盘缺口的高端两次,不过再次从那里跌下来,所有这些都是利空的表现。如果标准普尔500指数再度跌穿昨天的收盘价2822,那么今天将会出现逆转下行的情况。美中贸易谈判没有进展和未来的长周末可能会促使交易者出售股票过周么以避免风险。苹果(AAPL)及Google(GOOG)从正数转向负数也是市场拖累。道指200日移动平均线25434可能会重新被测试。
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.
Friday, May 24, 2019
Downside Reversal Day Likely Today 今天成为反转下跌日的机会大
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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