Market Summary on Nov.11th.2009

The prediction from yesterday is correct. Strong overseas economic data and the Fed's view for continued low interest rates pushed stocks higher Wednesday.

Today SPX, US Dollar($USD), Oil ($WTIC), Gold($GOLD) and AGG Bond ETF (
ISHARES BARCLAY(NYSEArca: AGG) )were all up.

Unfortunately, both VIX and SPX closed in green on the same day. When both SPX and VIX closed in green, most likely a down day the next day. In the past, 9 out of 16 times a red day the next day in this kind of situation.

VIX candle is looking bullish which is bad for bull.

SPY Black OXY on possible double top. Horrible CMF on this run up.

[QJ]

1. She bought 1/4 position of UUP at $22.50/share, stop $21.50/share, target $24.00.
In her view, UUP is mid-term swing position, not day trading, UUP is a preventive position so she will not be shocked to see DXY move up suddenly while we sleeping.

2. DXY closed at 75.08, DXY overhight low was 74.77, and charles Nenner sent comments say 74.77 is near their target 74.70. If today DXY remains and close above 75, then short term this mkt is topped, head to 1080. The best real time watch DXY (USD index) is ThinkOrSwim. You can dowload think or swim for free just sign up for a paper trade account. DXY is the one that most institutions are watching daily.

3. Another pair of signal to watch if OIL and Copper, OIL CLZ9 and HG Z9, OIL below 79 and HG below 2.96 confirms top is passed today, short term topped.

[WP]

1。[收盘前一个小时] 多，空在 1093- 1105 地区展开殊死的搏斗。 目前多方略占优势。 如果 SPX 今天能收在 1100 之上，则是多头的胜利。

结果SPX收到1098.51。WP用 1/3 account value买了SPX DEC 110 的CALL。因为 SPX 毕竟没上 1100. 要留有余地。

2。[问] 老大：怎么看船股？DSX今天大涨。

[答]干船只适合做 TRADE. 由于需求下降，加上还有较多的大型干船在 pipe line 中，能力过剩。 因此，价格不会涨太多。 利润有限。所以，只可做 Trade， 不宜长持。

Summary: In my opinion, if the job numer is good, the market will go up for a while. How long is going to last, I have no clue. I need to sell 1/2 possition of pq when it's up.