Highly alert on breakdown for all indexes as a result of rebound failure.

Rebound is out of gas., Watch out Nasdaq breakdown follow through that will bring other indexes to go down together. Highly Alert.

Watch out breakdown follow-through. It means another sharp selling for local new low.

Rebound in lower volume. Watch out second wave of selloff the next few days when rebound is over.

Downtrend starts. It could be one of the strongest downtrend.

After hours quote DJIA -168 or about -0.6%. It could be a turning point. Watch out potential top-out after 5-month straight up rally.

Home builders, retailers, internet, semiconductor keep up its uptrend.

When rebound wave is over (yesterday and today), downtrend may come back. Downtrend follow-through or confirmation should come with a high volume or breakdown pattern.

Downtrend accelerates to major key levels for all major indexes: DIA 250, SPY 300, QQQ 240. Once these levels are broken, expect downtrend to develop in full speed. Watch out.

Yesterday DJIA drop -700 points and major indexes were down more than -2%. Leading index Nasdaq and its top100 QQQ also show signs of trouble to maintain its uptrend. Although it needs a downside follow through with a high volume breakdown to confirm the trend to downside, it is a warning signal that extended rally is near late stage. Watch out…[Read more]

Currently, all up days, either 800 points at opening or 470 points as of now, is simply a rebound in the process of downtrend. If offers opportunity to exit long positions or initiate short/put positions for aggressive traders who know how to control the risks. Main observation point is to check whether the gap-down space can be filled or not. If…[Read more]