As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"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

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Tuesday, 16 June 2020

Bro STI fell for three days from 2,801 to 2,614 now LL has to follow Uncle DOW to rise???

Futures contracts tied to the major U.S. stock indexes rose Monday evening as investors looked to extend Wall Street’s gains from Monday’s dramatic comeback.

Dow Jones Industrial Average futures rose 200 points, suggesting an open gain of 248 points when regular trading resumes on Tuesday. S&P 500 futures pointed to an opening advance of 0.85% while Nasdaq-100 futures indicated a climb of 0.8%.

The overnight moves Monday evening followed a striking rebound in U.S. equity markets during the regular session.

The Dow Jones Industrial Average closed 157.62 points higher on Monday after the blue-chip index fell more than 760 points earlier in the session. The S&P 500 gained 0.8% to end the day at 3,066.59 while the Nasdaq Composite advanced 1.4% to 9,726.02. The S&P 500 and Nasdaq had fallen as much as 2.5% and 1.9%, respectively, before erasing those losses.

Traders pointed to an announcement from the Federal Reserve during Monday’s session for an abrupt move higher around 1:50 p.m. ET.


3 comments:

  1. LOL, boat decided not to land.

    Somebody put extra engines on the boat.

    The brand of the engines?

    "LIQUIDITY" lol.

    ReplyDelete
    Replies
    1. I restored back the 31% engine capacity for this COVID-19 Round 1 boat since it is not landing for refuel!

      Delete
  2. STI is one of the most under value index now according to Shiller Cape ratio! US indices are unstoppable!

    Still little chance of it hitting below 2.5k again... with Fed full support of the economy...

    So 2.6k still decent price to hit

    ReplyDelete

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