9-07-09 market

There are worries of market for sure, the market went down on Wendnesday when the ADP number was good, it opened lower Friday when the job number was "good" as well. When market react negatively to the "good" news, one has to pay attention.

However, Friday's market proved the nay-say wrong. at least, short-lived. It is more significant when there are many peoples anticipate the "pullback" and market prove those are just wishful thinkings. often times, the market could come back and racing even higher.

Of coures, there are unknown factors this time around, the biggest one was the volumn. it is true the market has seen diminished volumns for the last couple of weeks, and many attributed that to the summer vacation of wall street big hitters. now that labor day is over, we could see the volumn return to the normal and true intentions of the market.

It is hard to find any catalyst for the market to go up/down signifcantly for the time being, so, maybe we are entering a phase of some trading range(DOW 9100-9500, QQQQ 1560-1640 and SPY 980-1020, give or take a few points). same thing can be said to SMH, IYF and IYR.

International market may enter into a trading range as well. we just witness the come back from FXI.

The only exception are commodities, seems they are all very weakexcept gold.

If our assumptions are right, we need take profit when a CONFIREMED upper bound is reached. and enter into long when a CONFIRMED lower bound is reached. SIZE wise, entering with smaller initial position (1/8 ?)let's hope we have a good week.