Market under pressure It did n-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Ultrahisham
2022-05-17

Market under pressure

It did not take long for the market to come under pressure again after the previous two days' rally which inspired some hope.

Well this is to be expected as short term trendlooks downwards still and such rallies are common in a bear market and aptly termed bear narket rallies.

Recession fears are growing and rightly so with a seemingly slowing economy anticipated, especially with even further rate hikes looming and history seems to favour recessions after rate hike cycles.

Hence it might be possible the markets might make a push lower unless some great economy boosting news comes about.

$NASDAQ(.IXIC)$is firmly in bear market territory and looking fatigued. $S&P 500(.SPX)$$DJIA(.DJI)$are close to bear market territoriesand it looks like more market clarity is neededfor any sustained rally upwards.

Stay safe 😊

# 💰 Stocks to watch today?(26 Nov)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rookie22
·2022-05-17
With the war on going . Market hard to rally .Oil price too high
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HelenJanet
·2022-05-17
Thanks for sharing 👍😊
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Moolele
·2022-05-17
Soft landing? 😅
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MHh
·2022-05-17
Rally hard to be sustained…
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Residue
·2022-05-17
👍🏻
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LionKingAir
·2022-05-17
Yes
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RPGold
·2022-05-17
ok
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Joel0712
·2022-05-17
Ok
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Ktkw
·2022-05-17
yes
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Jingkai
·2022-05-17
Ok
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sathi
·2022-05-17
😘
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Ed_G
·2022-05-17
Ok
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Calculator88
·2022-05-17
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Opc
·2022-05-17
K
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hktiigeracct
·2022-05-17
like
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Huatchin
·2022-05-17
read
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piggypig1
·2022-05-17
hihi
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小小馒头
·2022-05-17
Okay
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ElvisChongYM
·2022-05-17
nice
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LibeQ
·2022-05-17
Go
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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? 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Market hard to rally .Oil price too <u>high</u>","text":"With the war on going . Market hard to rally .Oil price too <u>high</u>","html":"With the war on going . 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