Market View

Last week, market make me feel time compressed. My target for market for the next few weeks mostly came true within one week. Ok, ok, oil intra day last week broken my project floor $50 by 25 cents to 47.75 (May contract). But Jun future (CLM5) still at 52.06. Next week when May contract expire, oil could have some bounce. CLM5 could even bounce to 53.5 area, but expect a down turn to follow and to the 52-50 range. Personal I still stick to my $50 will be floor for oil guess. It might briefly in intra day base test 48.00 areas, but it will be buy opportunity for oil stocks. As for market, I expect little more down side next week, at least test 1900/10,000 level. Then a bounce, it might or might have the retest of the low in text 1 to 2 weeks. But a tradable bounce will come in next few weeks. Market could up to 2000/10500 levels. But it will be zigzag up market. So take profit if you can. The coming bounce will be a bear market bounce. A BIGGER down turn will come in Jun/Jul time. So watch out.