Replies to post #12240 on Market Sense and Sentiment (MKTSS)

[RCKS]

Good morning Bernard, I would love a rally/bounce this am to re-short this market but I am not sure it gives me one to 7775 or 7800 but I would like one.
Good trading bernard
steve

Hey Maria is talking about the anniversary of the Naz all time high, the fact that we are taking note of the day IMO is a sign that we are far from bottoming out but I guess we still take note of Pearl Harbor so maybe it is a good thing.

[Bernard Ng]

IndexPulse TrendWatch for Tuesday

Overall Market:
Long Term: Short
Medium Term: Short
Short Term: Long

Time Frame and Trading Signals: as stated in iBox

Futures are green. FTSE is trading at HOD after a strong bounce. TNX gapped up, but trading at LOD now, ugly. The whole scenario is mixed. The testing signal does expect a green futures, and suggested that we should at least be green till lunch. I think 7650 is the top we can go today, if it touch 7700, I will definitely short there.

No economic number will come out during the trading day.

INDU's 5 day MACD support at -40, resistance at +20. At this market, I will pretty much short the market every time when MACD hit resistance.

INDU should have a trading range between 7500 and 7700.
NDX should have a trading range between 955 and 980.
SPX should have a trading range between 800 and 820.
Note that INDU and SOX didn't drop below Thursday's low, but SPX and NYA did. Ugly. JMHO.