cut?

The UK stock market has hit an intraday record high, lifted by hopes of interest rate cuts and easing geopolitical tensions, after setting a new closing high on Monday. The FTSE 100 index touched 8,076 points at the opening bell on Tuesday, surpassing a previous high of 8,047 reached in February 2023. (source:guardian)

on the us side, fed officials are not confident inflation is coming down below their 2% target. historically, the fed is slow to increase interest rate when inflation is creeping up and slow to cut rates when market is already at risk of recession. 

$FTSE 100(.UKX.UK)$ pnf shows a new high. investors will most likely be buying up for fear of missing out. ukx is the leading indicator of the us market. the us market may not follow immediately but may follow after a few months to a year.

$SPDR DJIA ETF(DIA)$ pnf shows a confirmation of downtrend with red circles. the next support is at 366. dia is an etf that tracks the large caps. usually the market will trend after the large caps. 

$SPDR S&P 500 ETF Trust(SPY)$  pnf also shows a confirmation of downtrend with red circles. the next support is at 476. spy is an etf that tracks the 500 largest market cap companies in the us. it reflects the general health of the us market. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci@TigerStars  @TigerWire  @koolgal  @Asphen