Market Recap and Anticipation

yet to come on Sunday :)

No surprised at all, we saw Market closed strong on thursday with a amazing 283 points gain which clearly clean out most of the shorts . Folks are all happy but can you really answer why we see such a big rally? How will the market perform in the coming weeks? Good, if you have thought about those questions, better you have got some ideas about why market can rally 283 points a day.

Inside the market, we have found constructive buildings of fundamental. During the time of market break out, we monitored the leading sectors also breakout, especially in Tech sector and Energy Sector. The gas price approachs to the new high, in another sense, supports such a breaktout. That is what we call fundamental supportive breaking out, which is really healthy to the market. Tech sector continue to show strength especially we have seen the performance in INTC/TXN/BRCM/NVDA/SIMO/RIMM/AAPL,all derseve enough attention in coming weeks. With the healthy market condition, ( in our market monitor, short are covering), we would expect another confirmation day will show in the next 7~9 days. What we really need to look at will be the coming OE volatility. However, nothing could stop the market from going higher at this monment.

I don't wanna add too much comments on those promising stuffs, just buy at any dip if you can.

Being ready and being aggressive will be the tone for the next several weeks.