Free Stock Market Research Report by Jason Ng, the man behind The Star Trading System (one of the best option trading systems)

The Dow reverses course last Friday in a stunning breakout, totally negating the second evening star signal. The only thing lacking is volume but such volume is signature of every Friday market. Which agian means that we need a follow up this week to confirm the breakout. In my experience so far, when 2 consecutive evening star signals are negated, a bull rally usually follows… let’s wait and see if it is true again this time. This week’s heavy weight release is the CPI numbers on Thursday (see economic calendar) and the Empire State Index on Friday. These numbers should decide whether the optimism continues
Star Option Trader’s Thought For The Day : “Every Morning Marks A Brand New Beginning”

Free Stock Market Research Report by Jason Ng, the man behind The Star Trading System (one of the best option trading systems)

We did not see the strong follow up in the market today, signifying that the bullish sentiments are building up but not yet strong enough. The Star Trading System reflected this uncertainty with an equal number of bullish and bearish stars today. Lets see if we can get at least one bull and bear star to watch for entry today.

The Dow gained marginally by just over 40 points as oil continues its march back down towards the $110 mark. The persistent decline in oil price has also encouraged investors to move back from bonds into equities as Bond Yield curve (see bond yield curve) rises across the board once again. Rising bond yield is a result of lower bond prices caused by a sell off in bonds. Even though the advance today isn’t strong enough in both magnitude and volume to confirm a breakout, it sure does suggest that the bulls are building up and holding ground.

Star Option Trader’s Thought For The Day : “There will always be good times and bad times.”