Bernanke Says No 'Double Dip' Recession

Bernanke's words worth 50 points on DOW

Bernanke Says No 'Double Dip' Recession

Freaking Out

SP 1060 is the support. I wonder if it is going to break today. If so, I would sold my holding and wait to see.

Funny thing is that my stop are triggered this morning. STOP, you are a neccessory evil!

Sat Thought

The drop on friday give a sense that the market can go down more (break resist). So, let see what is going to happen on Monday.

Lesson learn: MACD should be closed before making any move.

ARTC
EW
EVVV

DECK
BJRI
DISCA

No stock indicate a buy. I guess it is still up-down pattern right now.

It is good to set some stop on current holding

Market Rebound

I see the market rebound today. I am loaded

GCO
JCG
HGG
DFT

MACD crossing at good time right at market bottom.

OVTI 99 16 NO
SPRD 99 16 NO
GCO 90 17 YES GOOD
JCG 99 17 YES GOOD
HGG 91 24 YES OK
DFT 90 30 YES OK

5-27-10

Today, DOW up 280 pts. It is a signal for enter the market.

Entery:
Ticker Rating Industry No. of trans of Insider Purchase within 1/2 year Insider Purchase within 1year MACD at Entery BUY PRICE SELL Price % Gain No. of Share Real Profit Real Profit %
PNRA 95 20 Yes Good
AVGO
OVTI
SPRD
PNRA
DGIT
SWKS

5-27-10

Market is still not clear. I am holding cash right now. Tomorrow SHOULD go up again.

My scan still didn't generate any BUY opportunity. Still waiting to buy.

BIL
EPV
DOG
RSW
APKT
BWS
DY
EDMC
EMMS
FFIV
FSR
IRDM
LCAPA
LCC
LTXC
MORN
NBIX
RMBS
SKIL
SPRT
VMW