股市終於下跌了...

After 7 days of small increases, the market finally paused.  Is it a correction or is it a mid term top?

No one knows. 

Overall market conditions are excellent.
1st, in my opinion, Fed is NOT going to increase the rate at the next meeting. Therefore the stock market might go higher.
2nd, the oil price is going down, which is a plus for the market.  I think it is a mid term top for the oil stock before earning.

However, the market has rebounded too quickly.  Many leading stocks recovered most of the loss this year.  

The next support is around 2165 for the NASDAQ and the next after that is around 2115.  If the market ends at or above 2165, then it is a shallow correction. Otherwise it will be a midterm correction.

This correction might turn out to be a trick for the market makers who have written a lot of expensive calls after the last option expiration date, and therefore they tried to take every advantage to sell off in order to keep stocks in check.

I like waves in the market. I really do not like a still market. 

[江南玫]

哥哥，賺錢請梅吃大餐哦~~俺要吃燒烤魔鬼魚！替鱷魚先生報仇~~噗嗤！：)))

[2ndglance]

下跌也可賺錢..可以short 或 買put...:)

[江南玫]

太好了，終於有人陪我一起輸錢了~~