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

This time, even more bullish indications than yesterday!
Yes, not only did more and more companies are reporting in with profits beating estimates and more and more are our internal indicators showing more and more bullish reversal signals. In fact, to say that today’s market ended mixed would be unfair to the effort the Dow took to get back into the green but was cut short by the market hour. All these are taking place despite record breaking oil prices topping $90 per barrel! In fact, with all the attention on core indexes (core-PPI and core-CPI), it is easy to forget the effects of rising oil prices on the economy in the mid term. Well, for now, like Brunnermeier and Nagel of Stanford concluded, “riding a price bubble [in an irrational environment] for a while can be the optimal strategy for rational investors”, we will be watching for the first signs of the beginning of yet another of such price bubble. (the market trend is made up of countless tiny price bubbles by the way)

What’s your take for the rest of the week?

Can you see how the Star Trading System is again flooding us with morning stars today while the dow is still closing lower? That is exactly how the Star Trading System prepares us for new trends and which allows us to preposition ourselves to take full advantage of it! That is the REAL magic of the Star Trading System… its sentiment market prediction ability!

Thought For The Day : “Traders always love weekends”

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

The Dow made a significant drop today by 71.86 points. What made this drop significant is the fact that it is the second consecutive drop on rising volume. In fact, it is rather clear now that the market has begun a pricing in of the possibility of not getting a rate cut, beginning 10 Oct. A lot of analysts attributed the action these 2 days to rising oil prices. Yes, rising oil prices is a concern but, recently, not a concern big enough to move markets. In fact, the market has been rising along with oil prices since this rally begun in August. Tomorrow’s CPI numbers is going to be a major market mover. CPI is expected to be lower this time as all other inflation indicators continue to turn up tame. Response to the number is likely to be textbook, but with limited real gains or losses reflected in the market eventually.

What’s your take on tomorrow’s CPI numbers? Please comment on your thoughts.

What the Star Trading System has been predicting whole week long has come to be at last… the start of a significant correction… to what level? There is no way to predict but as long as we stick to the rules, we shall survive and profit.

Thought For The Day : “Rules Are The Chains Within Which One’s Emotions Must Be Contained”