What has the market taught pcwSg? (Week 2/4)
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 $Tesla Motors(TSLA)$
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]
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