Market Condition: Range Bound, Neutral.

  • Chartadvisor.com:  This week’s Market Summary is neutral to slightly bullish.
  • Schaeffersresearch.com’s this issue of Monday Morning Outlook is near term bearish and long term bullish.
  • VIX: Increased volatility, broke through SMA 20, still under SMA 50 value.  Recently, VIX challenged the SMA 50 level in 3 separate attempts.  The more times it challenges the level, the more likely it may break through.  So we need to monitor the market volatility carefully, for it may actually break through the resistance this time. (see chart below)

About admin

Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
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