Daily Market Analysis for Sept 19

Let's Recap on the Market... The last week, the Dow has seen a 5 day run up the charts.

What caused the bull run? My guess is that there is only 1 cause.
1. Fund Managers buying up stuff for window dressing

Strangely, the bad economic news last week barely scratched the market. Coupled with the light volume, it suggests that traders and many people are not entering at this time. The banks and fund managers are buying up all these stuff just for their portfolio.

Key News
Housing Market Index


Obama's Speech of cutting Deficit.

Feel of Market Sentiment
Bearish.

People are Bearish of the Greece Debt again... I'm tired of this story... any new ones?
You can see that people are just making up news.

Technicalities
Quoted on Friday 16-Sept:
        "I believe that given the news to be good, today will give some upside."

Monday effect... Recall that last Friday was up slightly... We haven't had a up friday up monday for weeks!
Is it going to happen today?


Stock market futures are down heavily today. And with the Europe Stock Exchange dipping so deep, I think the US isn't going anywhere today.

If anything, I would expect the big boys to make a big move today... they are going to BUY!
Direction for US 16-Sept:

Forecast Accuracy since 6-Sept 2011: 5/6  (83.33%)

Timing shown below is Singapore Time +8 GMT