美股收市报导

主要亚洲市场上升，上海+0.43%，日本+1.46%，香港+0.77%。

主要欧洲股市涨跌互见，德国-0.28%，英国+0.35%， 法国+0.24%。

道 指，纳指，标普500及罗素2000收市分别为17763.24 +65.06，4886.94 +6.71，2066.96 +7.27及1255.66 +3.95。今日强势板块有钢铁SLX，电讯IYZ，煤炭KOL，汽车CARZ，太阳能TAN，零售XRT及房建商XHB。弱势板块有金矿GDX，网络IGN及运输 IYT。标普500涨幅最大的股票有KMX+9.4%，GNW+6%，SWN +5.2%。标普500跌幅最大的股票是：MSI-6.6%, VLO-6%, TSO-4.9%。十年公债回报率上升0.034%到 1.898%。5月原油期货下跌0.61美元报49.48美元一桶。6月黄金期货下跌6.3美元报1202.10美元一安士。6月美元指数下跌 0.74% 到97.745。

周四世界大国与伊朗达成核计划框架协议和将在7月份之前完成全面性的协议，油价因而下跌。截至3月28日当周美国申请失业救济人数下降20,000人至268000人，为1月24日以来的最低读数。彭博社调查的经济学家的预期为286,000人。二月美国贸易赤字缩小16.9％到354亿美元。西海岸港口劳资纠纷导致进口量减小到自2011年4月的最低水平。二月份工厂订单意外增长0.2％，为自去年7月以来最大涨幅。一位知情人士周三表示欧洲竞争监管机构正准备在接下来的几周内对谷歌公司（GOOG）发起反垄断诉讼。GOOG下跌1.3%。


申请失业救济人数小于预期，二月美国贸易赤字缩小到自2011年4月的最低水平及二月份工厂订单意外增长为自去年7月以来最大涨幅都是今天正面的经济消息。美股开市上升，之后回落。收市时各大指数平均上升约0.3%。明天复活节股市休市一天，但3月份非农就业数据将如期发布。3月6日非农就业人数报出多于预期后，投资人认为利息回加快上升而抛售股票，S＆P500下跌1.4％。这个阴影将导致投资人谨慎。下星期开始的第一季企业财报预期会不好也将打压股市。技术上 道指 及标普500仍然低于50天均线，美股趋势看跌。

道指，纳 指，标普500及罗素2000 的阻力分别是：17865，4923，2073及1268。道指，纳 指，标普500及罗素2000 的支撑分别是：17579，4871，2045及1242。

今日美股

美国西岸时间上午7：58：

主要亚洲市场上升，上海+0.43%，日本+1.46%，香港+0.77%。

主要欧洲股市涨跌互见，德国-0.11%，英国+0.43%， 法国+0.17%。

道 指，纳指，标普500及罗素2000现在分别为17761.49 +63.31，4887.17 +6.94，2067.19 +7.5及1258.86 +7.15。今日强势板块有太阳能TAN，汽车CARZ，电讯IYZ，煤炭KOL，零售XRT，房建商XHB及农业企业MOO。弱势板块有金矿GDX，生物科技IBB及运输 IYT。标普500涨幅最大的股票有KMX+8.8%，RAI+3.9%，EXPE +3.4%。标普500跌幅最大的股票是：GOOG-1.3%, KRFT-1.1%, MON-1.1%。十年公债回报率上升0.034%到 1.898%。5月原油期货下跌0.59美元报49.49美元一桶。6月黄金期货下跌9.3美元报1199.10美元一安士。6月美元指数下跌 0.72% 到97.755。

截至3月28日当周申请失业救济人数下降20,000人至268000人，为1月24日以来的最低读数。彭博社调查的经济学家的预期为286,000人。二月美国贸易赤字缩小16.9％到354亿美元。西海岸港口劳资纠纷导致进口量减小到自2011年4月的最低水平。二月份工厂订单意外增长0.2％，为自去年7月以来最大涨幅。一位知情人士周三表示欧洲竞争监管机构正准备在接下来的几周内对谷歌公司（GOOG）发起反垄断诉讼。GOOG下跌1.3%。



申请失业救济人数小于预期，二月美国贸易赤字缩小到自2011年4月的最低水平及二月份工厂订单意外增长为自去年7月以来最大涨幅都是今天正面的经济消息。美股开市上升，之后回落。现在各大指数平均上升约0.3%。明天复活节股市休市一天，但3月份非农就业数据将如期发布。3月6日非农就业人数报出多于预期后，S＆P500下跌1.4％。这个阴影将导致投资人谨慎。下星期开始的第一季企业财报预期会不好也将打压股市。技术上 道指 及标普500仍然低于50天均线，市场趋势看跌。

道指，纳 指，标普500及罗素2000 的阻力分别是：17865，4923，2073及1268。道指，纳 指，标普500及罗素2000 的支撑分别是：17579，4871，2045及1242。

美股收市报导

主要亚洲市场涨跌互见，上海+1.66%，日本-0.90%，香港+0.73%。

主要欧洲股市上升，德国+0.29%，英国+0.54%， 法国+0.57%。

道 指，纳指，标普500及罗素2000收市分别为17698.18 -77.94，4880.23 -20.66，2059.69 -8.20及1251.71-1.06。今日强势板块有金矿GDX，电讯IYZ，太阳能TAN及农业企业MOO。弱势板块有制药PPH，钢铁SLX，健保XLV，生物科技IBB，房建商XHB，网络IGN，社交网站SOCL，互连网及运输 IYT。标普500涨幅最大的股票有WIN+4.5%，NEM+4.5%，KRFT +3.6%。标普500跌幅最大的股票是：MAC-6.9%, NRG-6.5%, AAL-4.5%。十年公债回报率下跌0.066%到 1.868%。5月原油期货上升1.98美元报49.58美元一桶。6月黄金期货上升20.80美元报1204.10美元一安士。6月美元指数下跌 0.17% 到98.49。

在瑞士城市洛桑伊朗与六国的会谈以解决伊朗核计划的谈判在周二截止日期还没能达成协议，会谈延续到周三。美国原有存储量增加低于预期，原油价格上涨。亚特兰大联邦储备银行总裁洛克哈特周三表示美国仍有可能在六月至九月期间加息。他觉得第一季度经济的疲软增长会是暂时的。二月美国私人就业人数增加18.9万人，低于经济学家的预期的22.5万人，并且为自2014年1月的最低读数。三月份ISM生产指数为51.5低于二月份的52.9。杰弗里斯调升惠普（HPQ +0.48%）评级从持有到买入。德意志银行下调达美航空（DAL -3.76%）评级从买入到持有。美国航空公司（AAL -4.5%）被德意志银行从买入下调到持有。杰弗里斯开始跟踪微博（TWTR +0.82%）评级为买入。瑞士信贷开始跟踪星巴克（SBUX -1.78%），评级为中性。

二月份美国私人企业就业人数小于预期，三月份ISM生产指数偏弱，亚特兰大联邦储备银行总裁预期6月到9月间加息都是今早的利空消息。美股开市下跌，道指曾一度下跌多于0.7%。之后在5天前的低位获得支撑反弹，收市时跌幅收窄，各大指数平均下跌约0.3%。私人企业就业人数小于预期令人不看好星期五的非农就业报告。下星期开始的第一季企业财报也会令投资人对市场谨慎。技术上 道指 及标普500昨天再度失守50天均线（它们分别是17860及2072）后今天续跌。近期市场趋势看跌。收市后美光（MU）发布好于预期的财报，但调低本季展望。股票后市下跌超过2%。

道指，纳 指，标普500及罗素2000 的阻力分别是：17777，4928，2072及1268。道指，纳 指，标普500及罗素2000 的支撑分别是：17579，4867，2045及1241。

今日美股

美国西岸时间上午7：51：

主要亚洲市场涨跌互见，上海+1.66%，日本-0.90%，香港+0.73%。

主要欧洲股市上升，德国+0.16%，英国+0.50%， 法国-0.37%。

道 指，纳指，标普500及罗素2000现在分别为17655.61 -120.51，4863.79 -37.10，2056.99-10.90及1245.19 -7.58。今日强势板块有金矿GDX，农业企业MOO及煤炭KOL。弱势板块有生物科技IBB，制药PPH，健保XLV，网络IGN，钢铁SLX，运输IYT，互联网FDN及大型工业XLI。标普500涨幅最大的股票有NFX+2.4%，CHK+2.0%，CNX +1.9%。标普500跌幅最大的股票是：MAC-5%, UHS-4.0%, DAL -3.9%。十年公债回报率下跌0.066%到 1.862%。5月原油期货上升0.20美元报47.84美元一桶。6月黄金期货上升13.9美元报1197.20美元一安士。6月美元指数下跌0.20% 到98.46。

在瑞士城市洛桑伊朗与六国的会谈以解决伊朗核计划的谈判在周二截止日期还没能达成协议，会谈延续到周三。美国原有存储量增加低于预期，原油价格上涨。亚特兰大联邦储备银行总裁洛克哈特周三表示美国仍有可能在六月至九月期间加息。他觉得第一季度经济的疲软增长会是暂时的。二月美国私人就业人数增加18.9万人，低于经济学家的预期的22.5万人，并且为自2014年1月的最低读数。三月份ISM生产指数为51.5低于二月份的52.9。杰弗里斯调升惠普（HPQ +0.93%）评级从持有到买入。德意志银行下调达美航空（DAL -3.9%）评级从买入到持有。美国航空公司（AAL -4.04%）被德意志银行从买入下调到持有。杰弗里斯开始跟踪微博（TWTR +2.04）评级为买入。瑞士信贷开始跟踪星巴克（SBUX -1.56%），评级为中性。

二月美国私人就业人数小于预期，三月ISM生产指数偏弱，亚特兰大联邦储备银行总裁预期6月到9月间加息都是今早的利空消息。美股开市下跌，在5天前的低位开始反弹，但未必能够维持。星期五的非农就业报告及下星期开始的第一季企业财报都会令投资人谨慎。技术上 道指 及标普500昨天再度失守50天均线（它们分别是17860及2072）后今天续跌。市场趋势看跌。道指可能会下探200天均线17340水平。

道指，纳 指，标普500及罗素2000 的阻力分别是：17860，4927，2072及1268。道指，纳 指，标普500及罗素2000 的支撑分别是：17579，4785，2045及1240。

美股收市报导

主要亚洲市场上升，上海-0.99%，日本-1.05%，香港+0.18%。

主要欧洲股市涨跌互见，德国-0.99%，英国-1.72%， 法国-0.98%。

道 指，纳指，标普500及罗素2000收市分别为17776.12 -200.19，4900.88 -46.56，2067.89 -18.35及1252.77 -5.03。今日强势板块有房建商XHB。弱势板块有生物科技IBB，汽车CARZ， 钢铁SLX，健保XLV，金矿GDX，电讯IYZ及半导体SOXX。标普500涨幅最大的股票有CBG+6.3%，KSS+2.1%，WU +2.0%。标普500跌幅最大的股票是：CELG-3.9%, ALXN -3.9%, KRFT -3.8%。十年公债回报率下跌0.029%到 1.934%。4月原油期货下跌1.12美元报47.55美元一桶。4月黄金期货下跌1.9美元报1183.4美元一安士。美元指数上升0.37% 到98.645。

周一欧洲领导人说陷入困境的希腊政府和债权人之间的谈判重新遇上阻力。希腊在周末提交的改革计划以解锁72亿欧元的救助有所不足。希腊警告说它可能很快会耗尽资金。伊朗与六国试图打破僵局的谈判仍在积极进行中，油价今天走低。谈判目的为伊朗停止发展核弹，以换取国际对它放松制裁。据Facts Global Energy估计，如果停止制裁，伊朗可能在三到六个月内增加原油产量50万桶，一年之内增加70万桶。Richmond联邦储备银行行长，今年美联储政策有投票权的成员之一的Jeffrey Lacker预计，除非经济报告大幅偏离预测，联储在6月的会议上加息的可能性仍然存在​​。二月S＆P Case-Seller住房价格指数+ 0.9％月/月，高于+ 0.7％的预期，一月份为+ 0.9％。二月成屋待完成销售+ 3.1％至106.9，好于+ 0.4％的预期。三月消费者信心指数为101.3对96的共识;二月份经修正为98.8。Stifel 调升Priceline的（PCLN +1.27%）评级从持有道买入。奥本海默调升Teva Pharmaceutical （TEVA -0.359%）评级从市场表现到跑赢大市。

欧洲与亚洲主要股市的下跌及昨天大升后的获利回吐压力导致美股低开。在成屋待完成销售量好于预期及消费者心上升的消息发布后市场开始反弹。不过收市前卖盘涌现，收市时各大指数平均下跌约0.83%。星期五是复活节，股市将休市一天，所以本星期只交易4天。而重要的非农就业数据将在星期五宣布。下星期第一季企业财报将开始发布，分析师普遍不看好。这些都可能是投资人但忧。道指及标普500今天再度失守50天均线（它们分别是17859及2072），技术上市场趋势看跌。道指的关键支撑是200天均线17334水平。

道指，纳 指，标普500及罗素2000 的阻力分别是：17859，4935，2072及1268。道指，纳 指，标普500及罗素2000 的支撑分别是：17334，4862，2058及1240。

今日美股

美国西岸时间上午8：45：

主要亚洲市场上升，上海-0.99%，日本-1.05%，香港+0.18%。

主要欧洲股市涨跌互见，德国-0.71%，英国-1.30%， 法国-0.69%。

道 指，纳指，标普500及罗素2000现在分别为17898.00 -78.31，4928.93 -18.51，2078.27 -7.20及1254.40 -3.40。今日强势板块有房建商XHB，非必需消费品公司XLY及零售商XRT。弱势板块有钢铁SLX，太阳能TAN，汽车CARZ，煤炭KOL，航运SEA，制药PPH及半导体SOXX。标普500涨幅最大的股票有CBG+5.5%，ESRX +2.8%，JCI +2.1%。标普500跌幅最大的股票是：ATI +3%，KRFT -2.8%,CELG-2.8%。十年公债回报率下跌0.029%到 1.934%。4月原油期货下跌0.70美元报47.98美元一桶。4月黄金期货上升2.1美元报1187美元一安士。美元指数上升0.44% 到98.715。

周一欧洲领导人说陷入困境的希腊政府和债权人之间的谈判重新遇上阻力。希腊在周末提交的改革计划以解锁72亿欧元的救助有所不足。希腊警告说它可能很快会耗尽资金。伊朗与六国试图打破僵局的谈判仍在积极进行中，油价今天走低。谈判目的为伊朗停止发展核弹，以换取国际对它放松制裁。据Facts Global Energy估计，如果停止制裁，伊朗可能在三到六个月内增加原油产量50万桶，一年之内增加70万桶。Richmond联邦储备银行行长，今年美联储政策有投票权的成员之一的Jeffrey Lacker预计，除非经济报告大幅偏离预测，联储在6月的会议上加息的可能性仍然存在​​。二月S＆P Case-Seller住房价格指数+ 0.9％月/月，高于+ 0.7％的预期，一月份为+ 0.9％。二月成屋待完成销售+ 3.1％至106.9，好于+ 0.4％的预期。三月消费者信心指数为101.3对96的共识;二月份经修正为98.8。Stifel 调升Priceline的（PCLN +1.75%）评级从持有道买入。奥本海默调升Teva Pharmaceutical （TEVA +1.09%）评级从市场表现到跑赢大市。

欧洲与亚洲主要股市的下跌及昨天大升后的获利回吐压力拖累美股低开。在成屋待完成销售量好于预期及消费者心上升的消息发布后市场开始反弹。现在各大指数平均下跌约0.37%。道指及标普500均能守在50天均线之上（它们分别是17859及2072），市场整体趋势上升。道指阻力是18206。

道指，纳 指，标普500及罗素2000 的阻力分别是：18206，4935，2114及1268。道指，纳 指，标普500及罗素2000 的支撑分别是：17859，4862，2072及1239。

Where is the stock market going?

                     

The US stock market since 2009 has rallied for more than 5 ½ years. The benchmark S&P 500 index has moved up from 666.79 to 9/17/14 ‘s 2001.57. This translates to 1334.78 points and 200% gains and there has not been any correction more than 10% during this period.  People are wondering is the big correction coming and where is the market going from this point onward? There are a lot of things need to be sort out first in order to answer this simple but complex question.

There is lot of events happening in the world that causes concerns. The world is complicate geo-politically. There are continue chaos in the Middle East among countries such as Iraq, Syria, Israel, Palestine and the emerging of the ISIS terrorist group which threatens the safety of the world.  And then there’s the Ukraine civil war which has caused the new cold war between Russia and its western rivals---the US and the European countries. Some has even suggested the third world war is brewing because of this.  Any mishandling of these situations can cause havoc to the economic of the world and the stock market. At the present, the economic sanctions applied against Russia by the Western countries not only is harming Russia but has negatively impacting the economic recovery of the European countries. As if this is not enough the independent referendum in Scotland to be held tomorrow if successful will hurt England economically. Japan is weak economically, China is sensing slow down and the fragile US economic growth can easily be wipe out by the weakness of the rest of the world. At the same time, let us not forget the quickly spreading of the Ebola disease in Africa. It will threaten a lot of lives in the world if the situation is not contained. So the above are concerns on the back of investors mind.

With so many negatives, what is driving the stock market up? The answer is very simple, low interest rate and quantitative easing. These feats are not only used by the US Federal reserve but are also adopted by the central banks around the world. These central banks include European, Japan and China, the most influential economies of the world.  As the central banks are printing money and keep interest low, it encouraged corporation and individuals to borrow. Corporation use the borrowed money to fund projects and buy back their own stocks. Investors borrow money to invest in the stock market and real estates. Since interest rate is at record low, there is no other investment with returns that beat the stock market return.  This is why money keeps piling into the stock market and the stock market continues to rally. There is a well-known saying on Wall Street which is: Don’t fight the Fed.

After we have an understanding of the market’s present situation,what can investors do? After all the situation mentioned above are so complicated and we have no way of knowing what will happen next. And it would drive you crazy to analyze every situation in detail. So, what investors can do is simple, follow the existing trend. After all, the trend is your friend is what they say. What is the stock market trend looks like? The stock market trend is up. How do we know? That is what a price chart is most useful for. It keeps things simple and avoids confusion. The following is a price chart for the S&P 500 covering last few months of price action. As we can see, the S&P 500 is now trading above its 50 and 200 day moving averages, as many market practitioner can immediately tell you that the S&P 500’s trend is up. Since it is so close to its all time high, it may follow the strength of the Dow and make new historic high since the Dow made new high intra-day today. So at this time, investors should keep their stocks and ride the trend up. The question is when do we start to get worry? The answer is when the S&P 500 drops below its 50 day moving average at 1973 for short term trader to get out and for long term investors when the S&P 500 drops below its 200 day moving average at 1890. 

Money Flow

From where are money coming out, and to where money is going into? The following 9 charts tell the story.  It looks like US dollar (UUP) and Chinese A shares (CAF) are in favor, S&P 500 and German equities are in danger, and US Long Term Treasuries(TLT) , High yield Bond (JNK), Gold (GLD), Crude Oil (USO) and Commodities (DBC) are being sold.

US Stock Short And Intermediate Term Trends Have Change From Up To Down

U.S. stocks dropped sharply this morning at the open,  major indices fell by an average of 1.5% now. Portuguese lender Banco Espirito Santo 's  huge net loss in earning led to its stock dropped a record 50 percent on Thursday's trading. Eurozone inflation rate slowed to its lowest level in nearly five years and brought about the economy is too weak to push price growth concerns. Argentina debt defaulted the second time in 12 years and may led to financial crisis. EU and the U.S. strengthened Russia economic sanctions has led to concern that the EU economy will also be hurt. These negatives all contributed to sharp losses in European stock markets . Germany's DAX index fell by nearly 2%. In the U.S., July Chicago purchasing managers index came in at  52.6 much lower than the 63.2 consensus. Yield of the 10 year treasury continues to rise today reflecting worry that the Fed may hike rate early.  In addition to all the above mentioned negatives,  former Federal Reserve Chairman Alan Greenspan said after a long and big recovery in the stock market, investors should expect sharp pull back some time. The US stock market is under tremendous down side pressure and down turn likely continues. Technically,  the Dow and the S & P 500 have dropped below their 50 day moving averages while the Russell 2000 fell below its 200 days moving average. U.S. stock market's short and intermediate term trend have changed from up to down. Dow will likely fall toward its 200 days moving average 16316 level near term.  Dow, Nasdaq, S & P 500 and Russell 2000 near term supports are 16641,4360,1910 and 1100 respectively .

List Of Warning Signs For The US Stock Market

Is the US stock market ready for a larger correction? The followings are 10 warning signs:

1. Half of Dow Jones Industrial Index components are in  down trend. Components that are trading below their 200 day moving averages are BA, GE, MCD, PF, UTX, WMT, PFE and KO. Componets that are trading below their 50 day moving averages are JNJ, TRV, AXP, DD, CAT, V and MMM.

2. The Russell 2000 is on the verge of breaking its 200 day moving average while the Dow is on the verge of  breaking below its 50 day moving average.

3. Major and influential stock sectors that are in down trend : Semiconductor (SOXX), Industrials (XLI), Home Builders (XHB), Retailers (XRT), Consumer Staples (XLP) and Shipping (SEA).

4. 10 year treasury yield jump significantly on concern that interest rate are rising on the news of better than expected 2nd quarter GDP.

5. Major European stock markets such as Germany, UK and France are forming bearish Rounding Top Patterns. Their weakness will likely negatively impact the US market.

6. Second quarter earning reports are winding down. There will be lesser positive news to help the market. 

7. European Union and US have executed economic sanctions against Russia.

8. Argentina is technically in default and may bring about financial crisis.

9. Geographical unrest still going on in Ukraine, Gaza, Syria and Libya.

10. August and September combine are the worst 2 months for stock since 1950.

Weakness In Dow Is No Good For The Market

Weakness in the  Dow Jones Industrial Average will likely dragged down the U.S. stock market. Today, the Dow fell below its 50 day moving average 16873 level, its trend has been changed from up to down. Dow's next important support level is 16638. Inside the Dow,  stocks trade below 200 day long-term moving averages are: BA, GE, MCD, PG, UTX, WMT, PFE and KO. Stocks trade below intermediate term 50 day moving average are : JNJ, TRV, AXP, DD, CAT, MMM and V.

 

Stock Market Trend Is Still Up

Dow, Nasdaq, S & P 500 and Russell 2000 are now trading at 16938.25 +31.56, 4406.11 +16.65, 1172.82 +3.98 and 1967.70 +0.64 respectively. Today's strong sectors are solar TAN, Gold GDX, social networking  SOCL, Internet FDN, software IGV and networking IGN. Weak sector is utililites  XLU. Standard & Poor's 500 biggest gainers are: AA +4.3%, HAR +2.8%, RAI +2.6%. The largest decliners in the S & P 500 are: GRMN -5.9%, MU-1.9%, PCL-1.8%. 10 year bond yield rose 0.014% to 2.578%. August crude futures fell $ 0.74 to $ 102.66 a barrel. August gold futures rose $ 9.4 an ounce to $ 1,325.90.


U.S. stocks opened up this morning and have been rising slowly. Major indices rose by an average of about 0.2%. After two days of sharp drop, U.S.  stocks are rebounding.  Better than expected Alcoa (AA) earning and calm European markets helped. Technically,  Dow, S & P 500 and Nasdaq were able to hold their 20-day moving average support yesterday. These levels are 16886,1958 and 4381 respectively. Technically the stock market trend is still up. It will be a buy signal if the Dow can regain 17,000 level.  Analysts are generally optimistic on the second quarter corporate earnings and this is should bode well for the market. Minutes of the Fed's June meeting will be released at 11:00AM Pacific time today. This will likely cause market volatility and possibly a trigger for rally. Dow, Nasdaq, S & P 500 and Russell 2000's  major resistances are 17000,4425,1985 and 1181 respectivley. Supports are: 16886,4381,1958 and 1167 respectively.

Stock Market Will Likely Go Up Again After Dow Finished Restesting 17000

Dow, Nasdaq, S & P 500 and Russell 2000 closed  at 17024.21-44.05,4451.53 -34.40,1977.65 and 1186.87-21.31 respectively. Today's strong sectors are Utilities XLU, TechnologyXLK  and Consumer Staples XLP. Weak sectors are solar TAN, biotechnology IBB, gold GDX, home builders XHB, social networking SOCL, software IGV, retail XRT and transportation IYT. Standard & Poor 500's biggest gainers are: PETM +2.2%, AAPL +1.9%, COH +1.9%. The largest decliners in the S & P 500 stocks are: CHK -4.7%, DAL-4.6%,  BTU-3.6%%. 10year bond yield fell 0.031 percent to 2.617 percent. August crude futures fell $ 0.59 to $ 103.47 a barrel. August gold futures fell $ 1.2 an ounce to $ 1,319.40.


U.S. stocks opened down this morning, and stayed down at the close. Russell 2000 Index and the Nasdaq Composite fell the most, a decrease of approximately 1.7% and 0.8% respectively. I think the big drops in Russell 2000 is probably due to confusions and adjustments from last week's annual stock adjustments and is not a trend. The Dow and S & P 500 fell by a smaller amount of 0.3% and 0.4%, respectively. There's no economic news to drive the stock market today. However weak European stocks have caused U.S. investors to take profit.  Last week, the S & P 500 and the Dow both made new highs. Dow has broken above the psychological barrier of 17,000 and stock market momentum is up. The fact that the the Dow can hold above 17,000 level today is good performance. The general market will likely go up again if the Dow can stay above 17,000 level for another day or two. S & P 500's 2,000 level is the next key resistance level and this level will serve like a magnet in pulling the general market up. Second-quarter corporate earnings report starts tomorrow, the generally optimism about the 2nd quarter corporate earnings should serve as catalyst for the market's further advance. Dow, Nasdaq, S & P 500 and Russell 2000's  major resistances are: 17200,4500,2000 and 1213 respectively. Supports are: 17000,4424,1975 and 1185 respectively.

Factors Bullish For Stocks Short Term

Bullish factors for the US stock market in the short term:

1. Dow and S&P 500 at all time high, momentum is up.
2. S&P 500's 2000 round number will serve as an magnet pulling stocks up
3. Immediate reported 2nd quarter earnings reports are likely to be good
4. Investors and fund manager have been shorting stocks to hedge their portfolio is bullish as they cover.

The Stock Market Can Be Beaten

In 1992, during the CNBC/USA Today's National Investment Challenge, I used the most aggressive options strategy and parleyed $500,000 to over $6,000,000 in the course of 3 months. The gain was 1125% and I won the professional options division contest. But that's simulated money and my reward money was only $10,000.

22 years later, trying to have fun after retirement,  I decided to test the same options strategy with real money. The goal is to match or better Larry William's (or was it somebody else) who started with $5,000 and turn it into $1 million by trading futures in a year and that's equal to 19000% annual return on the initial capital. In this challenge, instead of using futures I would trade options and individual stocks.

I funded the account with $6000 near the end of March 2014 and as of today (June 6, 2014) net realized gain is $582,177 which translates into 9600% gain in  the last 2 1/2 months.  I traded 43 times during the period which includes TZA options, varies stock options and varies stocks. I have 75% of the trades were winning trades. However, most of the gains were from TZA put and call options. I traded TZA options 23 times within this period and only 2 of the trades were losing trades. So the winning percentage for TZA trades were 91%.

These have been an amazing 2 1/2 months. At first, I thought I got lucky. But then it couldn't have been because I traded 43 times and 91% accuracy on timing the TZA which is an ETF tracking the Russell 2000 index. And besides I always have been confident in my market timing. But then before these all happened I had a dream in which I had both hands full of bird eggs of different colors and I looked up the Chinese dream analysis on the web and it meant I have a fortune coming.  So I now think it's because of fate, luck and skill combined for the great result. Any way , a 9600% return on capital in 2 1/2 months is a crazy return I haven't heard of until now and the public ought to be told. With this kind of progress, I may be able to reach my 1 million target by August sometime.

I declared I have the market beaten at least for the last 2 1/2 months. I want to brag about it now when I still can before the market opens next week. So I am also telling you novice trader out there, there is hope in trading.  The following are the results:

 Realized Gains/ Losses:

Account Value Graph:

CNBC/USA Today National Investment Challenge Article:

NQ Price Is Taking Revenge After Came Down Over 70% Since February

NQ came down from February high of 22.33 to a low of 6.25 last week. The stock is up over 34% today. Stock has a float of 22 million shares and today's trading is now over 26 million shares which equals to over 7 times average volume. An independent audit has found that publicly reported financials have been "verifiable and consistent" with actual cash balances and revenue.  The stock, had been depressed by Muddy Waters report last October accusing the company of financial wrong doings.  The auditor's report may bring about significant recovery of the stock price. Technically, NQ has formed the most bullish Island Reversal pattern today. It also filled a gap created in mid May. It's trend is now up . Next resistance is the 50 day moving average near 12. Further price recovery may take it up to 200 day moving average near 16.