looking at the week ahead

The path of lest resistance is downward and more down is expected, but we are  oversold, so there could be a swift bounce towards 

20 ema area, and then resumption of downward move.

FB

it may take some time, but it is possibly a profitable strategy trading an IPO

ZNGA, here we had similar situation and achieved measured move up after b/o of first day trading day

markets now

The decline from high to low is close to 9% now, and we can start looking for signs of buyers, but we need to wait for that to happen not anticipating just following price action. The price is never to high or too low. Possible little crash before things turn around and longer time frame players come to play.

markets

Not Dead, Can't Quit

"Though it may not seem so when you first encounter a serious blow, you can never lose two of the most important assets you have. These are the power of your mind and your freedom to use it. Once you have turned them to understanding what laid you low, you can begin forming new plans. You may not have the money you once had; you may lack the allies you had cultivated. But you still have the benefit of a universe that  eventually rewards honest effort, as well as gaining the experience of mistakes you will never make again. Remember, no matter where you are now, whatever you can conceive and believe, you can achieve."~naphill.org


Until alive.
There always remains an opportunity to make a new start. 
Stay alive, there is an opportunity waiting for you.
Not Dead, Can't Quit.

When it comes to training the mind to trade, there is no limit to how far we can go.

Be Patient.
Be Consistent.
Be Disciplined.

Leaders.

Few leaders to watch for clues about institutional sentiment.

PCLN
AAPL
CMG
GOOG
LNKD
AMZN
MA

What is important is what the market is doing and not the news. Price action following approach gives the flexibility, as the market will usually bottom or top when it is least expected.

looking at the week ahead

We have a Head&Shoulder formation that everyone is talking about this week, but I think that we can have a surprise, and a Double-Bottom could play out. We had four closes under the neck line so far, but looking back on the chart, for your reference below November 2011, showing similar situation and you can see how it played out. We are going to have a resolution soon, move out of a trading range, but for now take things one day at a time, and be ready to take the opportunity of surprise if it presents itself.

empower yourself

 At his famous Stanford graduation talk Steve Jobs said, "Remembering that I'll be dead soon is the most important tool that I've ever encountered to help me make the big choices in life. Because almost everything - all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart."

S&Ps after the pit session close on Monday

Trading range.
Although a big picture top appears to remain in place, I'd
still avoid making any big picture decisions. As usual, take things
one day at a time.

Monthly view.

ES trading below last month low 1352.50, after seven month having higher lows. It is an important area, if price accepted,  it changes the market monthly one-time framing auction. Therefore, until there is convincing upward movement back above April's low 1352.50 the downside correction is in place.

"If you don't like the life you've lived, imagine a new one."

"Here's an exercise I learned from Dr. Nathaniel Branden when I was his client for some badly needed, just-in-time psychotherapy: Draw a line on a piece of paper. On the left end of your line put a letter B for birth. Then at the right end of the line put a big letter D for death. Then find where you are now. Don't over-think, just draw a downward slash line somewhere between B and D and have that be your now. How much life is there left? Between your slash and D? Does it scare you to look at that? Don't let it scare you. Just let it remind you that if you want to do something wonderful, it's now or never. Rise up above that linear line! Create a new memory and act on it. Shift your mind. Watch what happens to the world around you."~Steve Chandler

Now do the exercise and see, what does it do for you. Think.
Uprise Now.

Karlovac.

"Nekada davno,

prije postanka svijeta i vijeka,

dok su samo magle vladale Zemljom,

a vjetrovi i sunce harali visinama,

u dubinama močvare uz Kupu, Koranu, Mrežnicu i Dobru

kucalo je srce budućeg Grada."

click to enlarge

What now.

Honouring your stops, trailing your stops, taking partial profits,
waiting for entries on new positions, and being patient and
selective, will go a long ways to keep you on the right side of the market.

Search For Meaning

Today I'm thinking about dying,

today I'm thinking about living,

and now, I'm smiling realising, 

without asking for anything 

we got everything,

one up rise, one down rise

and till the last breath,

Now Time to live in.

.~Miro 

B.C.Northern Capital, today

               click to enlarge,  picture taken by Kyle from Travelling Man Productions
             
                   Prince George neighbourhood by historic trail and Fraser river.

in spite of the blues, up 11.97% today

                                 observe volume      click on the chart to enlarge it

markets now

trend is up, 
but liquidity and confidence, in ether direction,  remains low

money

"If you think you can buy your way into heaven with money alone, you may regret that you did not convert it into good deeds instead."


Money is necessary in this life, but not the most crucial, and we should always keep in mind one's most precious possessions, People.
Fulfilment comes from serving others. Right livelihood is a communal activity in which a person shares his unique gifts with the world. Life is mostly about working through problems so one can serve others, and serving others is one of the most essential element as without it life is meaningless.

emotions are not always subject to reason

W. Clement Stone often says, “The emotions are not always subject to reason, but they are always subject to action!” Determine what you are best at and what you like to do, and develop a burning desire to be the best you can be at it. Then get into action! 

TL still in play for now, and the trend remains upward

Take a note, this coming week the focus is on the Friday's Jobs report.