Market Review

Good morning my dear readers! We are into the CNY season this week.

I have few quick notes here before market open first, and review some of the charts during the day,a lot of stocks at their major support now.

1. General market is still very weak.

2. As the volatility goes higher, we shall see more of big swing happen. I have already mentioned few times in my recent posts. It not only means it will go down fast, and it will go up fast too when it rebound. Last hour of Friday's S&p 500 big swing clearly demonstrated this action.

3. Many blue chips are at their major support, some are at their 200dma. This provide us great opportunity when it confluence with general market major support level. Thus watch out general market support level.

4. Last Friday's long-legged doji on S&p 500, and Dow don't mean that they must reverse. It show that bears become weak only.

5. STI major support 2600;
S&P 500 major support 1030;
Dow major support 9700