It is now time to take another look at the SP 500.The SP 500 index is caught between two trend lines that are the dominant technical indicators right now for this market. If either gives way, it will point the direction of the next major swing.
The global stock market has been running on a bull upward trend in the past 2 months. I have mentioned last week that a market correction is expected and we need to trade with extra careful. The market correction day is finally come in both global stock market as well as Singapore Straits Time Index.
We shall look at the Singapore Straits Time Index today!
After lots of leaked news and rumours, the final verdict of the bank stress test result was finally announced. Some banks needs extra capital while some do not. What’s next now for the stock market movement? Is it going up or correcting downwards?
Let’s check out it on a video now!
It is the 1st trading day of Q2 in 2009. It is also an April Fool day. Do you think Dow Jones or the US stock market has hit the bottom? Is it ready to resume the recovery? My answer is Yes, It has hit bottom, but I think it is still too early to say the market will start its recovery.
Let’s take a closer look now!
Ben Bernanke has just said that recession could end in 2009. Do you think that will send some strong signal for the market to rebound on Monday??? The market indeed has managed to close with the best gaining week last week since November. Do you think the market will resume this momentum to drive higher?
Let’s take a look now!
Similar to the Dow Jones index, S&P500 and Nasdaq is also following the big brother swinging up and down in a sideway market.
You can use a sideway strategy to short at resistance and long at support. This is a useful trading strategy you can adopt during thistough period of time to make some pocket money.
Find out the support and resistance now!
It has been quite a while since I last posted about the US stock market trends on the US. Though there were many people suggested there might be a bull run after President Obama took office, but I still think that there will be a prolonged moment of sideway market before investor gain their confidence back in the stock market.
Now, how does the market react so far? Dow Jones has been swung in the sideway market for the last 2 months. Let’s take a look at it.
Singapore Straits Time looks to have similar trend as Hong Kong Hang Seng. I observed an upward trendline. The market managed to trade higher last Friday to create a cheerful start for the new year 2009. We have seen many market was having a good start last Friday.
Do you think this upward momemtum will lead to a bull run?
