What a disappointing day. In fact , it was a ‘do-nothing’ day for me. SIMSCI futures was choppy and weak, even though Nikkie Futures were strong. No trade was made. I might be missing an entry at 275.4 around 415pm. I gave up the opportunity as I do not like the way market moved. [...]
[11:29am]Here we go. I am twisting my mind again. Nikkei reopen and failed to push up further. SIMSCI has formed a base line at 274.7 and making lower highs. It is rather weak. Now, I am watching for short position closely.
It might end up with a choppy day instead.
Update [12:37pm]
Nikkei 12 min morning
I did not [...]
I am looking at Long position of SIMSCI this morning. However, it seems to be rather weak after morning gain. My buy order is still in the queue. Nikkei is closed for first session. I am watching for second session of Nikkei to confirm intraday sentiment.
Bottom line, current intraday chart formation does not suggest [...]
So we have Dow ended with triple-digit gain and Nasdaq snapped losing streak last nite. Nikkei futures opened and trading around +300 points gain. SIMSCI opened with +3 point. It is a positive morning. It is still too early to decide trading direction now. I am watching the market closely now.
From the desk of Tradergav.com
My netvibes page
