Trade very cautiously both in the stock market and cryptocurrency. Historically there were a few times Bitcoin crashed to almost 90%. For stocks, Dow Jones had shown multiple divergence since 6 months ago. Divergence in the bull market represents that the bull is losing its momentum although it does not means it is coming down anytime soon. What this means is don't get too complacent, make calculated risk with our investment and keep tracking and studying so that we will be aware whenever their is a major shift in the market trend and dynamic. Cheers!
The stock market seems like about to turn bearish soon. Be very cautious and profit take or put stop loss if possible. The upside seems limited. Better to stay at the sideline and stay cash. Cheers!
I am still confident about the long term prospect of cryptocurrencies (and bearish on the short term prospect). However crytos remind me of the dotcom bubble burst in the early 2000s and thus eventually only a few cryptocurrencies will survive and thrive, just like only a few internet companies had survived the burble bursting and thrived. I personally believe the eventual winners are most probably bitcoin and ether and these are the crytos that I will buy and hold. Buy crytos only if we are afford to lose everything and don't buy crytos with leverage. Be accountable with our own trade and cheers!
In my opinion, S&P 500 had reached the selling zone (4200 to 4400) indicating possible correction around 10 to 15% in the coming months.During the last global financial crisis 2008 as well as Covid-19 last year, the bull market had been triggered by monetary policy by Federal Reserve (interest rate near to zero & Quantitative Easing) and fiscal policy (stimulus packages by US government). Thus the biggest worries for market now is the possible increase in interest rate (due to high inflation rate) and the slow down in bond buying by the Federal Reserve (due to good economy data). The market also worry about Republican party resistance to the Biden's fiscal policy. Therefore if the market correction did occured, all these worries by the market can
I am bullish with the gold at the moment since I am bearish with the US dollar after massive qualitative easing last year in response to the Covid-19 and with FED projecting that the interest rate with remain close to zero until at least the year 2024. I will only change my view on gold if the FED start tapering or start increasing the interest rate. In fact gold had breached its all time high last year and since then taken a breather. However it seem like it is moving again. I am only holding gold etf and cash at the moment in anticipation of the correction. Trade cautiously and be accountable with our own trade. Cheers!
I am bearish with the short term price movement of cryptocurrencies eg. bitcoin and dogecoin. The reason being the uptrend prices rise too steeply causing many investors especially the newbies being trapped (they will be readily liquated their holdings when prices rise). Another reason being the downward price movement is too impulsive causing many leverage positions being closeout. It is slightly better for ETH. However the best case scenario in short term is for ETH to go sideways with strong support at 1900. Be accountable with our own crypto trade, trade cautiously and trade only with money you afford to lose. Cheers!
In my opinion, now is not the time to buy stockbecause the market correction is still underway. I will be patiently waiting at the sideline since now might be the calm before the storm. Cheers!
From the charts, I am bearish with the current market correction and the crypto crash while I am bullish on the commodities and gold. Trade with a plan and keeps the trading record in the trading journey. Be accountable with our own trade and trade safely. Cheers!
I am still confident about the long term prospect of cryptocurrency despite the crash. My strategy is buy gradually when crashing 50 to 90%, sell some to recover the buying cost when prices shoot to the moon. In this way the remaining coins are actually free and can be kept long term. Most of the cryptocurrencies are like gambling stocks thus only trade whatever you afford to lose. Trade cautiously and trade safely. Cheers!
I believe the correction is not over yet. During the second stage of bull market, the correction can range from 10 to 20%. Be patient and stay on sideline to watch. Trade cautiously. Please comment. Thanks.
Despite most of the companion reporting better than expected earning results, the major indexes change little or even going down. The correction underway has more room to go down. Be patient and trade cautiously. Please comment. Thanks.
While many propagate buying the stocks at the red or even at historical low while the market is rising, it is better to buy the stocks rising while the market is down. In other words, buy strong stocks with momentum instead of buying weak stocks with low energy. Please comment and thanks.