Friday, 8 November 2013

The 120 points drop don't look good for the US market

Dear Friends,

It does seem the US market is getting weaker. Dow drops 120 points now. S&P500 drop 18 points now at 3.35am. It has been quite some time S&P500 has such a big drop. I suggest caution in the short term going long in the US market. Asia market might also be weaker tomorrow.

I suggest we study the market these few days. This is especially true when there is a non farm payroll happening tomorrow night. I think 2moro may also be a down day. Hopefully the market do not take tomorrow data to take profit in the market too much.

Mid term wise, I feel the market is in for a small correction. Although I feel that the christmas rally will still come, hopefully the market can take a pause these few weeks. It is only after a pause that this rally will go to a higher height.

So for now, don't do any action in the stock market until next week is my advice. CAUTION!

3 factors to note to condirm downturn.
1) Dow drops by 100 points (we have this shown today)
2) 3 days drop in DOW
3) 2 weeks drop in DOW

Rgds
Daniel

958 Interview June 28, 2018: Wallstreet is just using "Trade War" as an Excuse for the Fall! (Translated to English using Google Translate)

          Wallstreet is just using "Trade War" as an Excuse for the Fall! Last night Dow Jones fell 165 points to close at  2...