Recent Blogs Posts

Welcome to the month of May, where the wolves run wild and the sheep are scared.

Cutting it short this week, mostly just to get June's ESD published. I've missed posting the previous two weekly blogs and since I will be traveling back to the states next week, I'll most likely miss the next two. Either ways, the seasonality is playing out rather well, and if things go as expected, perhaps there will be a good opportunity to take another short-term entry soon, and another long-term entry ...

Last week, I said that there was some key support areas getting tested among the major indexes.



This is the weekly chart of the NYSE that I posted last week. If you look at the red candlestick that depicts the weekly action from 2 weeks ago, you'll see that price settled right at the top of an area that I felt might be a reasonable area to look for support across the broader market. Last week's action produced a large, weekly doji that ...