Dear Sgwiseinvestors
Readers and Fan,
Happy New Year. 2014
has been a good and profitable year for patient investors.
What makes
Sgwiseinvestors different?
It is the start of 2015 and we will like to forecast the
market for 2015. The market will remain to be bullish until further indication
of selling takes place. When will it happen?
Currently the market remains buy at dip strategy until market sentiment
turns bearish. Volume and Price will show us where the market will be heading
in the near term. Using VSA and other
trading strategy like breakout, swing trading etc makes Sgwiseinvestors very
different from other trading company. Stay tune in order to be the first to be
alerted when there is a major correction on the way.
Market forecast
for 05 Jan 2015 to 09 Jan 2015 (using Daily chart)
Short Term uptrend is still intact. It is bullish. Yesterday
price action was bearish initially.
Dow Jones opened with positive more than 100 points. At
the mid of the day, the market turned negative. It ended flat , that is a DOJI.
RSI showed support at 50 range which is a good sign that the market may not be
dipping further. Monday 05 Jan 2015 is a important day to know if there will be
continuation of uptrend. The next candlestick if ended positive. We are likely
to see the next leg of an uptrend.
Market forecast
for 05 Jan 2015 to 09 Jan 2015 ( Hourly Chart)
Let's have a microview if monday 05 Jan 2015 will be
positive. Looking at the 60mins chart, the market has found support that the
200MA. The two whitecandle stick has indicated that the market will likely to
be positive on Monday. RSI has crawl up as well. We should be seeing it test
the support at RSI 50. If volume comes in, we should see the uptrend continuing
and NASDAQ making new high in the near term.
Market forecast
for Nasdaq
Nasdaq seems to be more bearish than Dow Jones. we can
see that there are absorption volume yesterday. The volume is high and the wick
below the candlestick indicates that there are buying. However, it is still in
negative note. The candlestick did not turn to white candle. things to note is
that the candle is now 1) RSI at 50.61 which is near support 2) it is currently at 30 MA and 3)the volume is not excessively high.
However, bear still have control over yesterday trading . Monday 05 Jan 2014, is
a important day to know if there will be continuation of uptrend. The next
candlestick if ended positive with good volume. We are likely to see the next
leg of an uptrend.
Which Market is
improving?
INDU is the one market that is "Leading". Nasdaq
is "Weakening". Thus you may look for more stocks in INDU. This is to
confirm bullishness and momentum for that market.
Round up of which
market is the best performer in 2014.
Two sectors are weak performer which is Materials and
Energy. Best performing sectors are Utilities, Health Care and Technology.
Investors should look into this sectors to increase the gains/rewards.
There are two sectors that investors should look out and not
invest in for the time being until further confirmation that the trend has
reversed. They are Material stocks and
Energy stocks. Why? These two sectors are currently still in downtrend, thus no
advisable to invest as risk is higher.
So which is the sectors to invest now? Technology,
Industrials and Consumer Staples stocks are good additions to your current
portfolio.
In case you cannot see the below charts, you can find the
charts at
https://stockcharts.com/freecharts/candleglance.html?[sect]
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