The market went crazy last week with Fed’s dovish statements. The market is banking on the Fed cutting the interest rates at the end of July. Have we been here before? The market was banking on an imminent trade deal at the end of April, only to be shocked with a no deal at the […]
We blogged last week that the market was in a confirmed bullish trend despite the trade war and Fed rate cut noises. Last week was a holiday week so the trading volume was low. As of now, the market is still in a confirmed uptrend. Since the last quarter of 2018, the market has been […]
What trade war? Trump and Xi made a truce at the G-20 meeting on Saturday. It didn’t matter what Trump did, whether it’s real tariffs, Twitter threats of ever increasing tariffs, blacklisting Huawei and five more other tech companies, Trump couldn’t pressure China to make concessions! China will never change its domestic laws to appease […]
The S&P 500 cash index had a great week last week, but it closed on a weak note by falling below the previous all time high on Friday. It is a good sign that S&P 500 was able to make a new all time high on Thursday, but caution is needed at this price level. […]
Since the Fed’s verbal intervention about a possible rate cut, the market rebounded from the 38% retracement level on June 4th. The Sp&P 500 rallied 5 days for a total gain of 6.66% from high to low. Then it bumped into resistance around 2900 level. The volume of the five-day rally has not been impressive […]
With a hint of rate cut, the market immediately pivoted to the upside. Last Tuesday, we sent out a member blog that detailed the reasons why we had a first valid rally attempt after last Tuesday’s close. Now the question is when will the May high be taken out?
