Let's talk stocks & IPO
- Thread starter ipoh-horfun
- Start date
toiletsiao
Well-Known Member
Re: Let's talk stocks & IPO
Long ideas today.. Anyone?
Long ideas today.. Anyone?
Re: Let's talk stocks & IPO
Dow broke 200 D MA, joining HSI, SSE and Nikkei. Only Kospi stands above. STI is testing 3120 and could well break below even the 30D MA line.
Odds are no good for the bulls. Any entry now to trade the bounce is high risk low reward.
Dow broke 200 D MA, joining HSI, SSE and Nikkei. Only Kospi stands above. STI is testing 3120 and could well break below even the 30D MA line.
Odds are no good for the bulls. Any entry now to trade the bounce is high risk low reward.
OptimusWKY
Well-Known Member
Re: Let's talk stocks & IPO
Oh my... today market is a sea of red... :yikess:
Oh my... today market is a sea of red... :yikess:
ipoh-horfun
Well-Known Member
Re: Let's talk stocks & IPO
The Dow Jones Industrial Average rebounded 29.82 points, or 0.25 percent, to finish at 11,896.44, snapping an eight-day losing streak. The Dow was down 166 points at session lows.
worse is over?
The Dow Jones Industrial Average rebounded 29.82 points, or 0.25 percent, to finish at 11,896.44, snapping an eight-day losing streak. The Dow was down 166 points at session lows.
worse is over?
Re: Let's talk stocks & IPO
Here comes the cheer leaders.
Let's just say the market will be waiting to see tomorrow nite's NFP. Forecast is for +85K. Private payrolls +115k and govt payrolls -30k.
Last nite's data continues stoking fears over the economic outlook, with the pace of growth in the U.S.
services sector falling to its lowest level since February 2010, while new factory orders fell in June. :
The ISM said its services sector index fell to 52.7 last month from 53.3 in June. The new orders gauge slipped to 51.7 from 53.6, while employment fell to 52.5 from 54.1.The Commerce Department said orders for manufactured goods fell 0.8 percent after a revised 0.6 percent increase in May. ADP National Employment Report showed employers added 114,000 jobs in July, coming in modestly above expectations, but still fewer than the month before. June's private payrolls were revised down to an increase of 145,000 from the previously reported 157,000
In short, the worst can't be over with just a single "rebound"
Here comes the cheer leaders.Let's just say the market will be waiting to see tomorrow nite's NFP. Forecast is for +85K. Private payrolls +115k and govt payrolls -30k.
Last nite's data continues stoking fears over the economic outlook, with the pace of growth in the U.S.
services sector falling to its lowest level since February 2010, while new factory orders fell in June. :
The ISM said its services sector index fell to 52.7 last month from 53.3 in June. The new orders gauge slipped to 51.7 from 53.6, while employment fell to 52.5 from 54.1.The Commerce Department said orders for manufactured goods fell 0.8 percent after a revised 0.6 percent increase in May. ADP National Employment Report showed employers added 114,000 jobs in July, coming in modestly above expectations, but still fewer than the month before. June's private payrolls were revised down to an increase of 145,000 from the previously reported 157,000
In short, the worst can't be over with just a single "rebound"
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Re: Let's talk stocks & IPO
This is the classic countertrend rebound after a major acute selldown.
First bounce, lots of shakeouts, and many retail investors will be keen to jump in, since mentally, most people assume a V-shaped bounce. Then one more leg of severe shakedown, killing all the sentiment on the ground, followed by the real bounce. Wave Theory suggests similar moves.
This is the classic countertrend rebound after a major acute selldown.
First bounce, lots of shakeouts, and many retail investors will be keen to jump in, since mentally, most people assume a V-shaped bounce. Then one more leg of severe shakedown, killing all the sentiment on the ground, followed by the real bounce. Wave Theory suggests similar moves.
