Stock Markets Update 07-01-11

I commence with my gratitude to The Creator

Market Indices have reached at the levels, which are the ceilings, as resistance, and it is happening within the time cycle alignment with the price. Time cycles are being squared.

Therefore, Next Week is down week. Today's is (or Monday for Asian and European Markets) is the top of the swing high day.

Some Stocks to Look at - (a peek inside my trading room) - MA, AAPL, HPQ

I commence with my gratitude to The Ultimate Knower

MA has galloped on the news, now it is time to short it. For example, Buying Jul11 $295.00 PUT @ 3.60 Limit to Open.

AAPL has advanced to a certain price level which is offering resistance and more importantly it is occurring within its time cycle of reversal. I am buying Jul11 $325.00 PUT @ $2.38 Limit to Open or more aggressively Buy 10 Jul11 320.00 PUT @ 1.49 Limit to Open

HPQ has created a strong reversal pattern, trade example: Buy Jul11 36.00 PUT @ $.42 Limit to Open

Always using proper management to protect the trading capital is advised by applying strategic "stop-the-trade" policy, when trade is not in favor.

Some Stocks to Look at - (a peek inside my trading room) - LNKD, BIDU, NFLX

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The LNKD trade was stopped out, only to have come back and closed at my stop level. Failure from the close of yesterday, will trigger a short again. I shall be aggressively short on LNKD from these levels, with stop of yesterday high or today's high (which ever is lower)

Should I trust and Invest into the Current Rally?

I commence with my gratitude to The Ultimate Knower

Big Question in the mind of trader of the financial markets is, "Should I trust and Invest into the Current Rally"?

Markets have finally surpassed the resistance of 06/21, but it is now, also entering into a danger zone, which would have been averted, if the decline had continued, and selling momentum would have evaporated eventually within next few days.

However, after the rally, the selling will come with renewed energy, and severity. It shall be ruthless, this time. Current rally would cause to develop a "Major Pattern of Head and Shoulder" and thus result in bigger decline eventually to follow after this rally has ended. Therefore, current rally is a "B" leg of the "ABC \/\". The consequential decline, wave "C", shall start, after the completion of the "B" wave, which shall be very soon. According to my time cycle analysis, I foresee July 1st to July 5th window to be aligning up with price cycles.

Please see the attached chart of NASDAQ Composite Index, It is heading into the major resistance of 2,760, 2780, which is at 61.8% level of the recent wave "A" down from May 2nd high to the June 16th low. Final wall of resistance rests at 2,800 and 2,820 areas, which are 70.70% and 78.60 retracement from the 05/02 high. Once market enters into the 2,780 area, it would have completed the required height of the left shoulder. The neckline rests at 2,600 area. Upon the successful completion of the left shoulder and subsequent decline, could target the 2,462 and then further lower target of 2,340.

Now let's look at the Standard & Poor 500 Index, SPX. My targets for the current rally are 1,315, 1,322 and final ceiling at 1,328 area. These resistances mark the 50% and 61.8% retracement from the May 2nd high. I think that 1,315 (+/-) could be a strong resistance, rather a reversal pivot, as it squares the price of SPX, from both pivots of  05/02 high and 06/16 low. 
Upon successful completion of the head and shoulder pattern, my support targets are 1,220, and 1,205. When the further decline ensues, the next support targets are at 1,190, 1,176, 1,150 area.

Stock Markets Update 6-29-11

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The Big Question?

I am being asked that what if, the market gaps above the SPX $1,299 level (takes out my stop for short trade) and stays above the level, as my pre-requisite for reversal to the upside.

Then I have already stated the time cycle is coming in on July 1st for change in trend, which I was expecting to be low, but if the markets goes higher on Wednesday and takes out the stops and trade and closes above (without making any doji bar, the indecision bar) then market shall continue its rally till 07/1 and 07/05., till July 4th weekend. Then a reversal of the trend shall occur to start the 2nd leg down. I assume that market going higher shall stall at 61.8% (66.66% for DJI) or 70.7% (for NASDAQ) and that would coincide with the CIT of July 4th weekend.

Gold and Silver Markets' Forecast 06-28-11

I commence with my gratitude to The Creator

If you have read my previous forecasts, I have published forecast of a sever decline in Gold and especially Silver, with exact date and price for Gold and Silver, before Gold went higher to $1,577 and Silver went to $49.84.

Now, please see the attached chart.

I must say that if you could handle the gyration, then you shall see Gold going to test the $1,450 (even lower at $1,434-$1,438) area before it would make an intermediate bottom for another trend higher.

Please look also, at the momentum; it has to make a higher low with the lower prices to declare a bottom.

Silver shall follow along the gold. Silver has lost its luster. It shall gather that shine, once again, after, Silver finds its bottom. Then Silver shall make another run higher, much higher. Bottom shall be created for the both metals by Gold trend reversal.

Remain Blessed

Stock Market Update - 6-28-11 @ 3.08 PM

I  commence with my gratitude to The Ultimate Knower

Please look at the chart enclosed. If you ignore the out of the ordinary long volume bar, the volume is dropping, while price is going higher. An hourly inverted hammer at decreade volume, with and 50% retracement. The best and prudent strategy is selling right here and with stops at above the HOD.

I received an email, questioning my bearish stance, what if I am wrong!
Yes, I have been wrong before, (less times that I've been right :-)
The Only way market can get out of this JAM, is to gap above the SPX 1,299 level. Otherwise, it shall pull back hard.

Some Stocks to Look at - (a peek inside my trading room) - LNKD, BIDU, NFLX

I commence with my gratitude to The Ultimate Knower

MarketWatch headlines states, " IPO underwriters start social-network firm with buy ratings"

Well, we know, there are no such thing as Ethics on Wall Street Firms. Those who market the IPO, would like their customers to get out at higher prices, before it drops again. WOW

I am going short LinkedIn (symbol: LNDK) with stop just above $87.50
Two more trades from my trading room, BIDU is at its DNA reversal area, I am buying  Jul11 $125.00 PUT @ 1.30 Limit  to Open and NFLX I am buying Jul11 240.00 PUT @ $1.75 Limit  to Open.  Stops just above the HOD. Short many other big Tech Names!!1

Stock Market UPDATE - 6-28-11

I commence with my gratitude to The Ultimate Knower

US stock markets (so are world's other stock markets) are approaching resistance, levels, as indicated in my previous posts, at a thin volume. I am either in cash or scaling in shorts till the end of the day, with stop at just above the 06/22 highs. Actually, the Standard & Poor’s 500 Index has risen to its 4th test of "now very important" resistance — the April low of 1,294 (or the 06/22 high of $1,299) — and the markets reaction to this area should set the very near future market trend.

Learning How to Trade Commodities and Stock Markets

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Stock Markets Update 6-27-11

I commence with my gratitude to The All-Knower

Markets rallied today. However, it was lackluster, with any commitment of big buyers. The rally was actually a "ball bouncing off (the last bounce)" the 200-days MA, very last time, before it dropped in a water-fall fashion.
I have previously published and showed you the use of 3-days charts, it was Gann's the most favorite swing chart to determine the direction of trend. According to the 3-days chart theory, (like other charts), recent swing has to be taken out in a 3-days chart, before a trend-reversal in confirmed [Market has to take out (and stay above) the June 22nd high (in some cases, 06/23 high to reverse the trend.]

All of the recent rallied occurred on thin volume, especially today's. Which usually big boys use to sell last time at better prices, before the market is dropped again. Please look at the enclosed SPX chart , it clearly shows that Selling pressure always exceeded the buying and the last "down red bar" engulfed the previous green bar.  Now if you look at the hourly chart of SPY, the S&P ETF, it clearly indicates that the gap has created a big resistance.

Now please look at the NYSE Composite Index hourly chart it shows a "divergence in selling pressure at equal prices",  which also, foretells that more selling is coming. Also look at the 2 hourly chart of NYSE, it also confirms that more selling is on its way, before a bottom can be put in.

Gold and Silver Markets' Forecast Update

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Last week, once again Gold/Silver Forecasting Subscription was very profitable to the Subscribers. (plz click on the pictures). Gold has dropped over $45 since the "Short Alert".

Last night, again, in the Weekly Forecast Update, subscribers were alerted to go short again, if there is rally on 06/27 AM. Rally did occur and shorting was the only prudent strategy. Please see the charts below!

If you would like to inquire about Forecasting Subscription Service, Please send an email to TRADE.N.HARMONY@GMAIL.COM

Stock Market Forecast update 6-27-11

I commence with my gratitude to The Creator

Markets did turn around as expected exactly on the date of the turn.
Although, a sign of relief,...as far as my prediction is concerned. But it worries me that an innocent trader shall be trapped taking this rally. Why?
Stay tuned for detailed analysis later this evening.'