Live Update

Friday, September 17, 2010

09/17/2010 After Bell Quick Summary

The bottom line, the short-term trend is up but I did nothing today.

Bearish biased toward the next Monday. Three reasons:

The following chart is from tradingtheodds, post: September’s Triple Witching. For completeness, I posted the chart below, but I’d appreciate if you could take a look at the original link for the final conclusion.

3

QQQQ black bar formed today is slightly bearish toward the next Monday. And, by the way, I do believe that 09/09 black bar will be revisited if history repeats again this time.

1

Both VIX and SPX are green also is slightly bearish toward the next Monday. (SPY now is red but it’s mainly because of dividend, the price will be adjusted tonight in stockcharts)

2

Enjoy your weekend!

blog comments powered by Disqus

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.