dchua1969

We are not out of the bear market yet !

Long
dchua1969 Updated   
SP:SPX   S&P 500 Index
We have a spectacular one day jump of 5% yesterday, boosting almost all the counters I like to rally higher. Read news here This reduction in CPI figures is the main catalyst , giving investors the confidence that FEDs may not hike interest rates faster and higher in the coming months.

Let's see how it goes next week! It should rightfully retrace to 3903 before revisiting the 4000 psychological mark once more. However, there is a gap from 3820 to 3859 level which it might goes down to close the gap. We don't know how the market will react so doing your due diligence on good companies is really important.

Comment:
Praise God, follow nicely according to plan
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