My trade plan today is take a short break. I am highly suspect that today is another dead cat bound however the momentum is weak and their might be another round of rebound on next Tuesday. I will take a short position when the rebound momentum is strong and buy back during a sea of red. To be clear I am pessimistic about the market based on two main factors: First the inflation might reach another new high due to supply chain disruption (especially the zero COVID polycy in China) and increasing the interest rate and lower money supply is targeting on demand side. Secondly the war will continue accelerated the high oil price and food shortage thus causing even more inflation pressure. My current trade plan is short during strong rebound and buy back during a sea of red.
š° Stocks to watch today?(22 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch?
2. What trading opportunities are there? Do you have any plans?
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