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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments 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. And i absolutely discourage trading options.

Thursday, July 5, 2012

Jul 5 (after the Central banks fireworks, and US Independent Day firework)

Jul 5 market close update (after the Central banks fireworks, and US Independent Day firework)
(partial selective and less charts)
initiates Medium Term $spx target as XXXX on XXXX, ...
also set Short term $spx target price.

...
buy the rumors, sell the news - on central banks actions.
...

also updated UUP, SLV, GLD, $VIX.

Global rates cut.
ECB cuts rates to record low, China rates cut, Bank of England QE...
Denmark sets a negative rate for first time.
i think this could be an indication of central banks monetary policy cliff with stagnant economy that takes toll on the global stock market.
i am not always bearish on the stock market. for the past 1.5 years, there were many time i were looking for new $spx recovery highs while most people were bearish at those bottoms, and market did make new recovery highs as expected.