What has the market taught pcwSg? (Week 2/4)

pcwSg
2023-06-11

The past week

Mostly sideways action, with a gap up on Friday. [Bless] [Bless] 

Lesson

Sideways movement confirmed but not as many gaps as expected.

The calm before the storm... [Blush] [Blush] 

Such a period can be seen as "consolidating", building upeven more momentum for next week's potential crazy moves. [Allin] [Allin] 

Looking at individual stocks

Looking at 5 days % change

Special mention to $Tesla Motors(TSLA)$ , gapping up from all the positive news. [Call] [Call] 

While other mega caps experienced slight money rotating out to other stocks.

Looking forward

Expect a week with high volatility and uncertain direction. [Thinking] [Thinking] 

13th June (Tuesday):

Economic reports release pre-market.

14th June (Wednesday):

PPI report release pre-market.

[pass midnight]

Fed decision at 2am SGT.

Fed Chairperson speech at 2:30am SGT.

15th June (Thursday):

More economic report release pre-market.

16th June (Friday):

More Fed speeches pre-market.

Michigan consumer sentiment at 10pm SGT.


Tons of events to induce movement in the markets. [Wow] [Wow] 

Expect it to be a crazy week.[Miser] [Miser] 

What Has the Market Taught You?
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