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Optionpro007, Thank you for the picture. It is amusing and entertaining. Dr. Chen

Sept. 14, 2010 Analysis: Yesterday's Analysis predicted that "the market will continue its upward momentum to find and test a resistance in the absence of negative surprises in retail sales and business inventories." Today there were no negative surprises in retail sales and business...

Sept. 13, 2010 Analysis: Friday's Analysis predicted that "the market clearly has turned bullish," and the market did, closing 12.35 points higher on the backdrop of a robust growth in industrial production in China. Looking ahead to tomorrow, the market will continue its upward momentum...

toc, Thank you for your question. Based on my limited knowledge I am not aware of such traders who use fundamental analysis to profit from short-term trading. Dr. Chen

Wittgenstein, Thank you for your suggested calendar. I have already bookmarked it. Overseas economic statistics will have more bearing on the overnight session than on the pit session for the S&P 500 Futures contracts. Also, I hardly have any conviction on any of the foreign economic...

Optionpro007, You are not rude. You are being frank. In fact, it is only fair for one to pay the price of being wrong, the price tag being given to but not chosen by him. Dr. Chen :(

Sept. 10, 2010 Analysis: After much wrangling between the Bulls and Bears, the Bulls prevailed on the backdrop of a promising wholesale inventory report and proved yesterday's Analysis wrong. Looking ahead to next week, the market clearly has turned bullish, as it would focus on any...

Sept. 9, 2010 Analysis: Yesterday’s Analysis predicted that “the trade deficit will likely surprise on the narrower side,” and “the Initial Jobless Claims will also surprise on the lower side as they edge further towards 450,000.” Today the trade deficit did come in lower than...

Optionpro007, I will incorporate an answer to your question in today's Analysis later. Thanks. Dr. Chen

Sept. 8, 2010 Analysis: Below are comparisons of the language in yesterday’s Analysis and in the Fed’s Beige Book: Analysis: “Manufacturing activities continue to grow but at a decelerated pace.” Beige Book: “Reports on manufacturing activity pointed to further expansion...

Sept. 7, 2010 Analysis: Today the market decided that it was time to take the profit accumulated over the previous four trading days, and it found a reason -- the European debt concern, which has been there since May, so the market gave up all its gains driven by the Employment Report...

Humpy, Silicon Valley does not have its own fiscal policy, tax code, central bank, currency, and customs for foreign trade, so its economic activities are not akin to that of a sovereign country. This is what I meant by saying that Silicon Valley "is not governed by the general principle of...

Humpy, I will write about it on Tuesday. Thanks. Dr. Chen

Humpy, Thank you for your point of view. I am flattered by your seeking my comment to your view. Before I answer your question, I want to point out first the difference between an economist and an equity strategist, and if I had a title in a bank, my title would be the latter rather than...

"It's tough to make predictions, especially about the future." -- "Yogi" Berra "It's hilarious to watch people all day explaining what happened on financial television. At least we're predicting them ahead of time." -- Robert Prechter

Optionpro007, Thank you for your question. As China has become the world's second-largest economy measured by GDP in US dollar, any significant news out of China -- such as its currency exchange rate, industrial production, GDP growth -- will have some bearing on the S&P 500 index. But...

toc, Thank you for your compliment. Please feel free to offer your critique to the extent that your technical analysis yields a diverging view from my Analysis -- or a concurring view if you wish. Dr. Chen

MarketMarsher, Thank you for your question. I use the quote from the Aug. 30 Analysis to answer your question: "the Chicago PMI will likely surprise on the upside around 59, which will provide much needed confidence booster for the market to recoup all today's losses." As you can see...

Tide31, Thank you for adding the episode in your number theory exam. I will "keep it up" as you encouraged. Dr. Chen

Optionpro007, Thank you for your courteous reply. No apology is necessary because my terse writing makes it nearly impossible for anyone to decipher the thought behind it. I wish you the best of luck in your trading as well. Dr. Chen