Tuesday, 28 May 2013

Did Fed really hurt the stock market? Not yet

Dear Friends,

On thursday, we did mention to take note of the next few days after Ben Bernanke speech. Asia on thursday is bloody with Nikkei dropping 1000 points and Singapore dropping 60 points. But we did mention to take note of 3 factors that might put a halt to DOW.

The 3 TA factors are:
1) A triple day drop in the index
2) 20day MA starts to dip
3) 2 weeks down

So far, there still is no triple day drop. Dow on Friday actually rises to stop the 2 days rot. So far so good. US index did not react that badly to Bernanke speech afterall.

This week, let us monitor closely again.I would still stick to the technical analysis 3 factors to tell me if trend has really changed. So far looking at fundamental reports give us no clue as poor economic data are considered good news by the market.

Rgds
Daniel
www.danielloh.com

958访谈9月21日:展望2017年股市与经济:美国联储局都不看好美国经济?

·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...