ProbabilityTA (Public)

Weekly Market Update - 23th Oct 2023 - 27th Oct 2023. https://youtu.be/CC4B7w9gSsg

Weekly Market Update - 16th Oct 2023 - 20th Oct 2023. https://www.youtube.com/watch?v=X4V7tUX0Xmw

Weekly Market Update - 2nd Oct 2023 - 6th Oct 2023. https://www.youtube.com/watch?v=1IkxaocR-Ss

Dollar trying hard to break above 106 (Highly possible as Fed may intended to keep interest rates higher for longer)

DJI finally broke below 34300 support level last Thursday. Next support level around 33300 - 33500. Coming week, USDJPY may spike higher as BOJ Japan’s central bank maintained its ultra-loose policy and left rates unchanged on Friday, mindful of the “extremely high uncertainties” on the growth outlook domestically and globally.

The three major averages closed at session lows after the Federal Reserve said it would leave interest rates unchanged but expects another rate hike before the end of the year. Fed Chair Jerome Powell had commented that a soft landing for the economy was still possible, but not his baseline scenario.  Highly possible 34300 will give way soon. Bias downside.

Weekly Market Update - 18th Sep 2023 - 22th Sep 2023. https://youtu.be/LxypikT4BeQ

Weekly Market Update - 05th Sep 2023 - 8th Sep 2023. https://youtu.be/pIskW8SUS7Y

Weekly Market Update - 21 Aug 2023 - 25 Aug 2023. https://www.youtube.com/watch?v=ka_6a677ui0

Weekly Market Update - 14th Aug 2023 - 18th Aug 2023. https://www.youtube.com/watch?v=4I5UtgMWnXs

5th Aug 2023 On last Wednesday before US market open, I mentioned in my telegram group on watchout on DJI is at the overbought level with RSI forming divergence in the daily chart. Zoom into DJI 1hr time frame, we can see the divergence formed. Besides, last Friday, DJI was bullish at the first few trading hours before it hit the resistance at 35500 (stated on 22th July) and start dropping. Coming week, with CPI and PPI on the table plus weakness in APPLE share break below 3trillion market cap, it may power the bear to show more downside and/or to reach the first support area around 34300. Profit taking make coming in strong for the coming week. To protect your positions, you may consider hedging your risk. As for those DCA counters such as KRE, JD, EL, DIS and more, if you did not over position, you should be able to ride through and may nibble along the way when it dip lower.

This is the second credit ratings downgrade for US in history. Besides. Apple announcing their earning report tomorrow. (May not be good) Technical perspective. Dji is at the overbought, near 36k resistance. RSI is forming a divergence in daily chart.

Chance to long on both SE and Grab mentioned in the video. Grab is looking to break previous high 4.03 SEA Limited open with small bullish gap. May consider nibble as both earning report coming in Aug.