I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday 9 April 2020

COVID-19 Bear Market 2020 - Round 2 Coming??? (3)


Read? COVID-19 Bear Market 2020 - Round 2 Coming??? (2)

Stay at home and cheering the Market???

Dead cat bounce?

More like the Cat is doing bungee jump and bounce back???




2 comments:

  1. Stocks rallied to their best weekly gain in more than four decades on Thursday after the Federal Reserve unexpectedly unleashed a new multi-trillion-dollar stimulus plan to support businesses during the coronavirus pandemic.

    The S&P 500’s 1.5% rise Thursday brought its weekly gains to 12.1%, or its best one-week gain since 1974, as the Financials and Real Estate sectors outperformed. U.S. equity markets will be closed Friday in observance of Good Friday.

    The Nasdaq posted a 10.6% weekly gain for its best since 2008. The Dow’s 2,666.84-point gain since last Friday marked its best weekly rise in point terms ever, and its 12.7% weekly advance was its best on a percentage basis in two weeks.

    ReplyDelete
  2. Intermediate bottom, if not "the" bottom, is in.

    Percentage of s&p500 stocks above their 200 day MA's has gone back above 15%.

    Weekly advance/ decline line has gone above 21- week exponential MA. And there's positive divergence in its RSI, CCI, and fast stochastics.

    The only thing is there's no +ve divergence yet for the main indices. This will require another drop (But not a full- on rout) in the next few weeks.

    Frankly ... All the above speak is a fool's errand to try n catch the "bottom".

    We are in a global recession. And there's no better way to invest or make money in stocks than to buy during bad recessions.

    Just buy solid businesses over the next 6-12 months. If dunno what to buy then just buy index funds or etfs like STI & Reit etf.

    ReplyDelete

Related Posts with Thumbnails