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!

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Wednesday, 25 March 2020

STI : Dead Cat Rebound from 2,233 to 2,505???




















Posted by Createwealth8888 at 19:52
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3 comments:

  1. AppShadow25 March 2020 at 22:40:00 GMT+8

    Best is sell to the rally

    ReplyDelete
  2. Createwealth888827 March 2020 at 07:49:00 GMT+8

    Overnight stateside, the Dow skyrocketed 1,351.62 points to close at 22,552.17, capping its biggest three-day surge since 1931. The S&P 500 also posted a three-day winning streak, rising 6.2% to end its trading day at 2,630.07. The Nasdaq Composite advanced 5.6% to close at 7,797.5.

    The U.S. Senate unanimously passed a historic $2 trillion coronavirus relief package Wednesday night, with the stimulus bill now headed for the House, which will push to pass it by voice vote Friday morning. House speaker Nancy Pelosi, D-Calif., said the bill will be passed “with strong bipartisan support.”

    Still, jobless benefit claims in the U.S. had soared to 3.28 million last week, according to the Labor Department — by far a record. That, however, was still lower than the most dire estimates on Wall Street.

    Meanwhile, U.S. Federal Reserve Chairman Jerome Powell said Thursday that the central bank will not “run out of ammunition” to keep the economy stable.

    “We judge markets are pricing‑in a short sharp US recession,” Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, wrote in a note. “Our fear is the surge in jobless claims – even if the benefits paid will soon be increased – will draw-out the recession longer than markets expect.”

    The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 99.352 after falling from levels above 100 yesterday.

    The Japanese yen traded at 109.31 against the dollar after strengthening from levels above 110 yesterday. The Australian dollar changed hands at $0.6057 after seeing levels below $0.58 earlier in the trading week.

    ReplyDelete
  3. Spur27 March 2020 at 13:24:00 GMT+8

    S&P500 approaching strong resistance .... downward-sloping trendline + 50DMA.

    It has rebounded 19.5% from it's intraday low of 2200 to 2630 .... looks about just nice for the usual counter-trend bounce in a strong bear.

    Short-termists should be selling now or sold last night.

    I'm waiting for the lows to be retested & maybe breached in the days & weeks ahead, for me to start nibbling again.

    Am monitoring Italy's daily new cases & daily deaths. :(

    ReplyDelete

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