I have done 4 trades so far this month. They are McDonalds, Lorillard, Airtran Holding and Safeway Inc. I think it is about time for me to give an update on their performance so far. Quick summary, I covered back McDonalds with a small profit. Lorillard was stopped due with almost break even price. Finally, I managed to book in a 30% and 20% profit on Airtran Holding and Safeway Inc respectively.
How did I book in profit within such a volatile market condition? Let’s check it out now!
Few days ago, I was still looking at the US market swing in the sideway market. However, US market took quite a big dive on Thursday while Dow Jones lost 400+ points. S&P500 also dived down to the S&P500 2002 low of 768 level.
Let’s take a look at the S&P500 stock index chart now!
After looking at the stock market trends of US market, I believe that the market has entered into a sideway market. Sideway market means the market will rebound from support and retrace from resistance. It is a great opportunity for stock market trading.
Let’s take a look at the US Stock market trends now!
It has been a while since I last posted the Dow Jones Weekly Stock Market Trends. I was focusing a bit too much on the stock market picks and some of the recent short position that I took.
It prompted me to post the Dow Jones Weekly Stock Market Trends today because I spotted that the Dow Jones index is now trading on the key support, breaking such support will see the stock market contine to dive to possibly 2002 low. If it holds, then, we may see a technical rebound again continue with a side way market.
Let’s take a look at the Dow Jones Stock Market Chart now.
After looking at Dow Jones Industrial Average weekly stock market trends, I am now also looking at the S&P500 and Nasdaq stock indices as well. These two major US indices are also hitting resistance and they will either go to a sideway market or down trending market as the US Dow Jones stock market trends.
US elected Obama as the 44th US president, however, the market did not cheer about it instead, it dive by more than 400+ points on Dow Jones Industrial Average. Dow Jones has enjoyed quite a good rally for a week before the election which many people believe to the election rally.
It is now time to focus back to the economic. US and the world is still facing one of the toughest time since the great depression. There will definitely need lots of work to be done before we can regain all the investor confidence into the market. Otherwise, I do believe that the market will remain weak for the next 1 year at least. That’s my thought.
Let’s take a look at the US Dow Jones Industrial Average stock market trends now.
Obama has finally won the US presidential election to be the 44th president and the first African American to get into the white house. The Asian stock generally reacted positively to the news, but Europe and US market seem to be in the red as I am writing this post. There might be some profit taking action going on.
Do you think the rally will still last? What is my stock pick today?
US is holding their presidential election today. We have seen a rally in the US markets since last week and many people believe that is so called presidential election rally. Obama fights against McCain. It is also one of the historical moment for American as they either elect the first African American or the first oldest president elected to a first term.
Where to you think the stockmarket will head to?
