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Weekly Market Update - 29th May 2023 - 2th May 2023.
https://youtu.be/vpL876Uhrbk
Weekly Market Update - 26th May 2023 - 26th May 2023.
https://www.youtube.com/watch?v=kYjUiqYNVFQ
Watch out this week - retail earning report starting from Home Depot on Tuesday, follow by Walmart on Thursday.
As for nasdaq, most of the tech counter at the high price (over bought). Did a quick scan stock like nvidia, apple, Microsoft at over bought. The moment these big counter take a break, we may see Red Sea pouring into nasdaq.
Vix is climbing up slowly to $20. The moment it cross $20, not a good sign for indices.
Hi everyone. There will be no market update video this week.
Things to watch out
Debt-ceiling Talks Between Biden, Congressional Leaders Likely to Resume Tuesday
Vix hitting bottom May see some minor upside
Hsi: break below 18800 May not be a good sign.
Nasdaq is slightly stronger compare to dji and s&p
US Oil may have a chance to break the recent low support again. Watch out as price is near the support. (Checkout my previous chart).
