20090306

The week closed with impressive gain +5.80%. Today's session was also quite optimistic:



Nevertheless, still not much can be told about the market. The downtrend stays intact and this week's rally can be only qualified as a correction for now.

The US Indexes have made lower lows and the long-term sell signal has been generated (here or here).

Sources:
[http://seekingalpha.com/article/124518-the-dow-an-historical-perspective]
[http://seekingalpha.com/article/124447-s-p-index-weakness-unusually-broad]

20090305

The WIG Index fell -0.76%:



For a few sessions the WIG Index is floating around 22000. Nevertheless, the primary trend remains downtrend and there is no reason to enter trades other than short-term ones.

US markets are near important levels. The S&P500 Index is looking quite pessimistic:



I don't think we shall apply technical analysis' patterns to such a long periods; nevertheless chart looks pretty bearish and long-term sell signal has been generated.

Brian's daily video here. Another interesting video here - overall the market sentiment is very bearish now. Also, the US economic data does not suggest any improvement (here).

Sources:
[http://www.marketwatch.com/video/asset/dow-could-hit-4000/1973951D-B6AB-41F1-B91D-06032C304AFB]
[http://www.marketwatch.com/news/story/Worst-job-losses-60-years/story.aspx?guid={3E4B9AA2-1748-4AE4-82BA-10F4CD13DD7A}]

20090304

Just a quick update on the WIG Index:



No signs of downtrend reversal in longer term, however the last daily high from 23th February has been broken (medium-term buy signal). Still the best position is on cash.