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?
Today it had a valid first rally attempt. The market may come out of the correction sooner than we thought.
The stock market usually is chaotic and full of madness. This time with a Twitter happy President, we have had unusual amount of madness that can make anyone dizzy. The President’s economic policies are totally geared toward manipulating the stock market with the end goal of re-election in 2020. This is evident with the passage […]
With the recent development of blacklisting the Chinese tech giant Huawei, the scope of the trade war has expanded much larger than originally thought. The semi-conductor sector has been hit really hard as China is the largest buyer of the U.S. made semi-conductor products. This action against Huawei sure does look like an existential risk […]
