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!

Currently; it about 54% to destination!


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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

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Saturday, 25 June 2022

Dow rallies 800 points on Friday to cap big comeback week for stocks

 The Dow Jones Industrial Average rallied more than 800 points on Friday, rebounding off the lows of the bear market last week and capping its first weekly advance since May.

The Dow rose 823.32 points, or 2.68%, to 31,500.68, with gains accelerating in the final hour of trading. The S&P 500 was 3.06% higher to 3,911.74. The Nasdaq Composite advanced 3.34% to 11,607.62.

The major averages wrapped up a big comeback week for stocks. The S&P 500 is up nearly 6.5% for the week, while the Nasdaq Composite gained 7.5%. The Dow is 5.4% higher.








3 comments:

  1. Hmm market thinking that inflation will be lower 6 mths later? Or that there won't be recession or just a very mild one? Or ceasefire in Ukraine in a few months?

    Some +ve RSI and MACD divergences in weekly S&P500 and the weekly advance-decline line.

    The % of S&P500 stocks above their 200 dma has also gone from below 15% to above 15%. I used this to call the 2020 bottom, but it hasn't gone below 10% yet like previous confirmed recessions.

    Just feels a bit too early for bear bear to end like this. Market needs to prove itself more.

    Haven't nibbled or bitten 0anything yet since 17 Jun...

    ReplyDelete
  2. Mr Market is whimsical. Nobody knows what he will do next.

    For some years now, I have divided my investment funds into two portions. One for monthly buys and another pool as warchest. I have been nibbling bitcoin and VOO and local stocks using the monthly-buy fund for monthly buys. This is to address the FOMO should Mr Market suddenly feels exuberant.

    Havent deployed the warchest pool yet as the crisis indicators have appeared but are not very strong yet. Crisis indicators would be:

    1. High retrenchment numbers
    2. Big Stock market retracement. The STI has been quite resilient
    3. Governments stepping in to bail out businesses and the citizenry


    ReplyDelete
  3. Me OPMI thinks coming soon.

    What one Guru thinks & done?

    https://www.youtube.com/watch?v=wfyatkQyQKk

    Scary?

    ReplyDelete

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