🚀[Mar 17th]Trading plans that you can't miss from Tiger users
Hi, Tigers!
Welcome to our official column: Daily Discussion! Here you can share your trading ideas, your opinions on market trends, the stocks you like(bullish on)or dislike(bearish on), and your investment performances, etc..
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Below are Today's Key Takeaways.
Top News Move the Market
Daily Focus Thursday
Wednesday Afternoon Market Recap
- The S&P 500 rose 95.41 points, or 2.2%, to 4357.86. The broad stock-market gauge has risen 4.4% over the past two trading days, the biggest two-day percentage gain since April 2020. The tech-focused Nasdaq Composite advanced 487.93 points, or 3.8%, to 13436.55, its best day since November 2020. The Dow Jones Industrial Average rose 518.76 points, or 1.5%, to 34063.10.
- Shares of the ARK Innovation ETF soared $5.65, or 10%, to $60.04. Nvidia shares jumped $15.23, or 6.6%, to $244.96. PayPal added $7.46, or 7.4%, to $107.92.
- In the commodities market, oil prices have fallen below $100 a barrel in recent days, helping the stock market rebound.Brent-crude futures, the international benchmark, edged down 1.9% to $98.02 a barrel, the third consecutive day of losses.
Today's Headlines
- The Fed raised interest rates by a quarter-percentage-point and new projections show that most officials expect the fed-funds rate to rise to at least 1.875% by the end of the year and to around 2.75% by the end of 2023. That implies a total of seven quarter-percentage-point increases this year and more next year.
- U.S. retail-sales data for February showed increased spending from the month prior as households adapt to the crosscurrents of a strong labor market, falling coronavirus cases and inflation running at the highest annual rate in 40 years.
- Investors will get several new pieces of economic data on Thursday morning, including initial jobless claims numbers from last week. Housing starts, Philadelphia Fed manufacturing data and industrial production are also slated to be released before the bell.
To Read More,Click Here：
Weekly Recap: After a 5-week Decline, Stay on FED’s Rate Hike Decision
QE Removed, Rate Hike Comes: Will FED Print at the Same Time?
FED's Meeting on March 15-16: Strategies for Gold, Oil, and Stocks
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2.Here are the stocks mentioned by the above Tigers:$Prime US ReitUSD(OXMU.SI)$$KEPPEL INFRA TRUST WEF 2015(A7RU.SI)$ $Microsoft(MSFT)$ $NASDAQ(.IXIC)$ (Not investment advice)
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Watching $S&P 500(.SPX)$ , as the bullish or bearish direction is still unclear, based on TA.
If price can stay above $4380 to 4400 in next two sessions, trend would turn bullish at least in short term, would go long. After two days of nearly +4.4%, price might pullback to recent consolidation area of 4260-4160, likely some profit taking towards end of week. If goes below $4160, then will likely start a short term sell position. Wide $ range but that is what we have recently for many sessions.
Buy $HS HSI ETF(02833)$ as it has hopefully reversed its downtrend on positive news from the Chinese authorities to support the Chinese Tech companies.