To The Moon

$FTSE China Bull 3X Shares(YINN)$ fell after china kept its 1 year loan prime rate at 3.45%. economists have expected a cut as this will help lower corporate borrowing costs. previously, the 5 year loan prime rate was cut to 3.95% from 4.2%, a larger than expected cut to stimulate the ailing property market. Hong Kong even scraped its property curbs to revive its property market. 

yinn jumped after fed's dovish stance even though inflation showed resilience. however, this jump was short lived. yesterday, the jump was almost erased and overnight trading today suggests it is heading lower to close the gap up from 18.104. 

analysis of yinn's pnf shows that the uptrend is still intact and it has legs until 28. 

yinn is the leading indicator of $LION OCBC HSTECH ETF S$(HST.SI)$ , hst also has a gap up from 0.573. hst is around 0.577 now as of writing this article. 

$SPDR S&P 500 ETF Trust(SPY)$  charges on as fed's dovish stance even though inflation is resilient is bullish. the fear of missing out is great. it appears to be heading to Fibonacci extension level 1.618 at 550. 

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 beaucoup@TigerStars for goodies

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