TECD Enters Third Target Zone
the TECD setup had achieved and exceeded the second target, up about 13% less than 10 days. Last week sideway consolidation had worked off the short-term overbought condition and helped setting the...
View ArticleTECD At New Multi-year High
Tech Data Corp (TECD) broke out to new multi-year high today. Initially profiled in our July 14 evening "Swing Trader Bulletin", the long setup had gained more than 33% less than 2 months and remained...
View Article美股上漲動能不可持續
盡管VIX的暴跌對大盤有利，但最近大盤走高並未導致VIX走低，意味着我們不可能長期維持看漲。另外，超買狀態意味着標普500指數近期上漲動能是不可持續的。因此，未來幾天出現一些獲利回吐盤不足為奇。
View ArticleUpside Momentum Unsustainable
while the collapsing VIX is positive for the board market, we cannot stay bullish for long when higher stocks prices cannot get VIX to move lower. Additionally, the overbought condition suggested that...
View ArticleS&P Consolidates Near Formidable Resistance
the S&P consolidates near formidable resistance as traders wonder whether more gain is warranted given the massive advance over the past few weeks. On balance, we remain bullish on the S&P 500...
View ArticleS&P Could Fall To 1950
the fact that the S&P is short-term overbought as it moved up to test key technical resistance does not favor a sustain break to the upside. Near-term, there is a high probability that the S&P...
View ArticleS&P Shifted into Short-term Consolidation Mode
S&P shifted into short-term consolidation mode. The index could signal an extended downward trajectory, depending on how it closes over the next few days. The medium-term technical backdrop...
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