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Big Boys Movements:
6 weeks before Plunge of Singapore Index
Almost 6 weeks before the Singapore Market plunges 550 points (16%), there is a huge purchase of Puts contracts under Singapore ETF.
2 weeks before US market Plunge
Just 2 weeks before DOW Jones plunge 2000 points, there is a huge purchase of VIX.
The chart seems decent. The volume is very high. This sector has a great potential for a big move. The transactions on Wednesday is at more than 4000 times the usual number. Watch out for the movement in this potential play.
SPX closed 11 points lower. The topping candlestick has been played out with the red bar. However the last hour movement is of concern to the Bears.
The SPX Bulls closed the index 4 points higher. It seemed bullish. A closer look at the charts does not seem to say so.
New Volume added into the last trading day for a potential move in this stock.
SPX closed 1 point lower. This long period of fighting in the same area is frustrating and many traders have “given up” on the market. This is done on purpose to wear out the traders and prevent them from knowing which direction to trade into.
With the Tech moving higher and higher, it is touching the Year 2000 level where the Bubble burst. With that in mind and the complacency in the market. I will be looking for great trades in the tech stocks for good placements and potential plays for the Tech Bubble.
With the Aug Options expiry week behind us, it is time to watch out for the movement in the weeks ahead.
Not all Dow Components are strong. There are some weaknesses seen in the DOW components.
Lost in the indices but profit more than doubles in AMAT stock.
The Bulls push the index to close at positive note and continue to remain at Area C where both the Bulls and the Bears continue to hound at one another. Watch out for the support and resistance levels in the daily and hourly charts.
Watch out for the Support Levels in Gold. A correction followed by a bounce off the support levels is ideal for entries.
The Bulls touched the support level and managed to bounce and closed positively on Wednesday. However, the struggle in Area C continues.
Looking through the companies under Construction and Engineering, found a potential weak stock that is worth looking at.
The Big Boys want to press this ETF down. Nice Chart. Nice Placement.
The bar on Monday stayed for 1 day above the highs.
Looking at the various time frames on Monday provided the direction for Tuesday. The US markets have indeed gone down on Tuesday.