- 29
- Jan
Welcome back from the weekends! 
Hope you are mentally and spiritually recharged for the challenges ahead. A warm welcome goes to our new week one students too.
Last week was an extremely turbulent week with the indices going up and down like rouge waves. Major indices were down for the week and the Nasdaq composite index is back down where we started last Monday. Like I said last week, it is again going to be a very critical week for the Nasdaq Composite as the index is again at a very dangerous position, a position that can decompose into a downwards, bear trend if it’s 50 days moving average and the 2400 psychological support level do not hold. If that happens, it will not be long before the Dow follow suit.
This week is again going to be a stormy week for the US markets. There will be major “weather systems” formed by important economic releases such as the GDP numbers, FOMC release, oil inventories, jobless rate, chicago PMI…etc. (For a full list of the releases this week, please visit http://www.mastersoequity.com/option_trader_hq.php )Again, the markets will be torn apart by the inflation worries and depression worries camp. Too much good news activates the inflation worries camp and too much bad news activates the depression worries camp. Who wil reign supreme this week?
The number of evening stars versus morning stars today seems to indicate a market downturn… or at least a short term one.
Jason Ng
Founder, Masters ‘O’ Equity
mastersoequity.com
“Your Personal Stock Option Mentor”
