Dear Investors Last night was an exciting night for some and a nightmare for others. After rallying for a record 8 months, AT LAST!!!!!! The market has gone into the start of what I think is a major correction. Why? The S&P and Dow breached their short-term support levels as you can see from the [...]
In Nov Archives, I wrote a posting on How Conrad Alvin Lim who went through 3 major business/career failures and was declared a bankrupt in 2001, now makes US$5,000- US$7,000 a month trading in the US markets. Well, I am really happy to report that his trading profits have been increasing dramatically since then. In [...]
Wow! Since my last posting on Conrad Alvin Lim’s story of ‘From Bankrupt to Bankroll’, his mail box has been jammed packed and his mobile phone ringing non-stop from people who want to learn the art of ‘trading for a living’. For those of you who remember, I shared the story of Conrad who has [...]
If you have been following the US market, you would know that it has been rallying like crazy for the last week, primarily driven by low oil prices and increase in consumer confidence. The Indices now sit on a 5-year high! What makes this amazing is that it is doing so in one of the [...]
I must admit that I was expecting the US market to be down all the way to end October, only to make back its losses from the May-June sell off from the FED’s interest rate hikes from November onwards. Which is why I have been holding back putting in more money into US equities. Afterall, [...]
It has been quite a while since I wrote a post about updates on the US Markets. This is because in the last couple of weeks, the US market as been moving more or less sideways with not much conviction on either side (bulls or bears). Once in a while, there was a brief rally [...]
MARKET IN CONFIRMED RALLY Last night (Thursday), All 3 indexes followed through on their rally attempt as stocks increased ON HIGH VOLUME (26% above the average). The Nasdaq increased 3%, The S&P 500 increased 2.2% (its biggest one day gain since Oct 23) and the Dow gained 2%. This marks a FOLLOW THROUGH for the [...]
