This Stock Market Hours Report is brought to you by Jason Ng, Founder, Master ‘O’ Equity

I was wondering for a few days already why hasn’t the Star Trading System given us more qualified morning star entries when the market seems like it is on the rebound. In the past, when the market rebounds, the star trading system usually allows us to enter on up to 3 morning stars. This time round, we had only HPQ, which beginners should have taken the 25% profit off 2 days ago. Today, I finally understood why the Star Trading System has not turned out much good quality morning stars… because the market isn’t totally ready for a full scale rebound yet. Yesterday’s market correction is only second to the Feb 27 ditch. It is hard to say in this extremely volatile market which way the market will settle down on and that is why the market stability meter has been in red for so long.

Well, at least we do have 1 qualified evening star today at last which I hope could help us profit should the market really decide to ditch.

Thought For The Day : “Always respect the market…”

This Stock Market Hours Report is brought to you by Jason Ng, Founder, Master ‘O’ Equity

Well, the bulls are out of the gates as I have expected 2 days ago and with volume rising steadily, I see the Dow going into new historical highs soon. This is also further encouraged by oil prices retreating from recent highs. Great profits continue to pour in from the bellwether front, forming the solid fundamental needed for market growth. Technically, the Dow has started a new leg off the weekly 30MA and looks healthy to move on further until a significant gap occurs between the Dow and the weekly 30MA again. The fundamentals and technicals has rarely lined up so perfectly! For now, let no skeptics shake your faith and let the bulls roll!

The Dow gained over 100 points again yesterday, confirming this new rebound. The Star Trading System’s recent HPQ trade has been rallying nicely along with the rebound and looks good to go much further.

Thought For The Day : “Always respect the market.”