HOT SPOT CHARTING...

(Click charts to enlarge)

Nasdaq, Long term daily chart..........


QQQQ, Gaped higher on unimpressive volume.
Will it make a quick jump towards the trend line resistance in the 48.50 area before reversing?..........


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HOT SPOT CHARTING...

SEC Ends Uptick Rule

The Securities and Exchange Commission (SEC) has eliminated the so-called “uptick rule,” which prevents short-sellers from selling stock in a down market. SEC commissioners voted 5-0 to eliminate the rule, which was established in 1938 as a way to prevent disorderly selling during market downturns. Under the rule, a short sale could only be executed on an “uptick,” i.e., when a share was trading up. The idea was to prevent stocks in free fall from being forced ever lower by short-sellers.
http://www.indexuniverse.com/index.php?option=com_content&view=article&id=2848&Itemid=28

HONG KONG (MarketWatch) -- China's government is expected to announce imminent changes to monetary policy -- possibly including a rate hike and a lifting in the ratio of funds banks must hold in reserve against deposits -- as officials step up efforts to cool the nation's accelerating economy, said analysts.
http://www.marketwatch.com/news/story/china-rate-hike-reserve-tightening/story.aspx?guid=%7BF382A43E%2D6D94%2D42A3%2D9D4D%2DB11AD055A048%7D&siteid=yhoof



Thanks for visiting...

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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

QQQQ (15min) Good day of stealth distribution.......



Thanks for visiting...
00K

The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

HANG SENG, On the 50ma ribbon. A precarious spot......



Thanks for your kind notes. All is well. Good luck trading........

00K

The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com