NewPower
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For semi-conductor stock, TSMC is always my top choice giving its dominance in high end chips (TSMC supplies 92% of the world most advanced chips of 7nm and 5nm) and is the world most valuable semiconductor company. My confidence in this stock remains strong giving the very positive earning outlook from the management recently. Although I am pessimistic with the current stock market (I personally believe the stock market can drop another 10 to 15%), I will begin to buy the dip in TSMC (starting small) and continue to buy more if drop further. This is because these few days there are too many negative news around this stock which in my opinion presenting a good buying opportunity eg. Samsung beats TSMC to mass produce 3nm chips (the fact is Samsung still far behind TSMC in term of the produ
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.
Despite all the naysayers keep on brainwashing us with the talk of inevitable recession due to US bad economy conditions, times and times again, the figures keep showing otherwise, the US economy is indeed and proving to be the most resilient and vibrant economy of the world, with the next power engine of growth coming from the likes of ChatGPT. On the other hand, the media and the so called experts eg. Dr W and AK keep on
Private Payrolls Surged By 296,000 in April, Much Higher Than Expected, ADP Says
Happy 8th anniversary Tiger. I still remember the day my best friend recommended me to use Tiger because it is more user friendly and cheaper in fee. Moreover we can earn tigr coins to exchange for stock vocher and commission free card. I joined and not only me getting the free stock my friend got prize too. Since then had been using Tiger to trade US stocks the experience is good 👍 and I will definitely use Tiger for a long time to come 😊.
US economy is strong......
U.S. Economy Adds 253K Jobs in April, Unemployment Drops to 3.4%
Against almost ALL prediction from the so called experts, the US economy is growing from strength to strength. The more pessimistic from the so called economists, the stronger the US economy. This is what is happing since forth quarter last year.
U.S. Payrolls Increased By 336,000 in September, Much Higher Than Expected
At the end of last year, ALL the so called experts screaming Recession for US this year. I can't help but ask: Recession? WHERE IS THE RECESSION???
U.S. Futures Expand Losses As Strong Jobs Data Points to More Fed Tightening
US economy just getting stronger and stronger. It is funny to see the so call experts eg Wong KH still continue trying to brainwashed is about the immenent recession [LOL]
U.S. Nonfarm Payrolls Jump 339,000 in May, Unemployment Rate Increases to 3.7%
I said it since end of last year: Recession? Where is the RECESSION??? From experience, when almost 100% of the so called experts so convincingly proclaimed there will be recession next year, it will be quite safe to bet against it. Remember it is the minority that will be winners in the stock market.
U.S. Q2 GDP Rose 2.4%, Topping Expectations Despite Recession Calls
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