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Optionpro007, Thank you for your comment and perhap a veiled question. Let me propose a question to myself and answer it. "Why don't you have something substantive to say about Tuesday's market action?" I have no basis to predict Tuesday's market action. Some days market moves due to...

Sept. 3, 2010 Analysis: Yesterday's Analysis is proved exactly the opposite. The private payroll surprised on the upside, and the ISM non-manufacturing index surprised on the downside, which did "not save the [Bears] from the [cheering] private payroll number." Looking ahead to next week...

devilfishlane, I will continue to post the daily analysis. Thank you for your thoughtful comment. Dr. Chen

Sept. 2, 2010 Analysis: Today the Initial Jobless Claims came in as no surprise, as the Analysis predicted yesterday, but the Pending Home Sales Index was better than the consensus forecast, which gave the market the reason to rise. Tomorrow is the Judgment Day -- to the Bulls, to be...

Sept. 1, 2010 Anaylsis: On August 30 the Analysis predicted “the market to recoup all today’s losses” the following day, which was yesterday. The market did not recoup all the losses yesterday, but did so convincingly today. On August 31 the Analysis predicted that “the PMI will...

Marcell, Thank you for your comment and attached chart. Since your sentence ends with a question mark, I assume that you were asking me that question. I am sorry to say that I do not know what path the market will take to reach 1,080. I respect you and your opinion expressed in your attached...

Aug. 31, 2010 Analysis: The market initially did what yesterday's analysis predicted. As the Consumer Confidence Index did not slip below 50, and the Chicago PMI was marginally better than consensus forecast, the market did take off after 10 a.m. But the market's rise was checked when the...

Aug. 30, 2010 Analysis: True to previous day's analysis, the market built on Friday's gain to top 1,072 overnight before fading prior to the market open today. The conventional wisdom is that the market sold out on the news of a meager personal spending in July, but the sell-out seems to...

Aug. 27, 2010 Analysis: Today the S&P initially acted strangely, and it is most puzzling when it dropped sharply after 10 a.m., perhaps having to do with Intel's ill-timed announcement at 9:58 a.m. The better than expected downwardly revised Q2 GDP to 1.6% provided a sound backdrop for the...

Crude Oil Market Analysis (4/12/07) Mea Culpa! COMA was bullish and interpreted yesterday’s DOE report as “EXTREMELY bullish” and was seeking to enter the market on the long side by buying at a dip—at $60.40. As a result COMA focused on the forecast that today’s IEA report would...

Crude Oil Market Analysis (4/11/07) Today’s market is “much ado about nothing.” Today’s market followed yesterday’s forecast that “tomorrow’s DOE report should be supportive, and the market risk remains on the upside.” Refinery input of crude oil was 15.1 million...

Crude Oil Market Analysis (4/10/07) Today’s market was uneventful. The market held above yesterday’s low at $61.35 and slowly drifted upwards but could not break $62.30, the lows of March 26 and March 27 just before the market spiked to $68.09, and traded in a $0.93 range before settling...

Crude Oil Market Analysis (2/23/07) Today no major news provided the market with a clear direction, so the market continued its trend and ended up by $0.19 to close at $61.14. The market opened $0.30 higher at $61.25 and went up to break the resistance at $61.37-$61.62 to a high of $61.80...

AZD, Thank you for your continued interest in Crude Oil Market Analysis at a time when I have been attending matters that require my immediate and concentrated attention. If time permits, I will write the Crude Oil Market Analysis over the weekend. Again, thank for your interest in...

Owing to certain matters that require my immediate attention, I will not write Crude Oil Market Analysis for approximately one week. I will resume writing as soon as possible. Dr. Chen

Let me respond to your questions by quoting the sentence from Crude Oil Market Analysis for Feb. 2. “Technically, the very fact that the market closed above $59.00 indicates that the test and break of the psychologically significant, though not technically significant, $60.00 are...

"Added April 26, 2006" Dr. Chen

I will respond to each of two your questions by quoting words from previous Crude Oil Market Analyses. First, were the inventory data bearish? The data were clearly bearish. Before the data were released, COMA forecast on Jan. 30 that “the crude inventory will build by 2.0 million...

Crude Oil Market Analysis (2/2/07 Supplement) After the sentence: "However, the market sentiment has changed since Jan. 31, as evidenced by the fact that the March contract increased by $1.72 while the Dec. 2008 contract increased by $1.90, indicating that the market has begun to place...

Crude Oil Market Analysis (2/2/07) Today’s market action is no surprise given yesterday’s COMA forecast that “the market needs to stay above $57.00 to maintain its bullish momentum toward $59.00 to test the psychologically significant, though not technically significant, level at...