Disclaimer: The contents are for general opinions and do not constitute any investment advice. All remarks are solely for your information purpose and should be treated as education only. Trading and investment involving monetary fund carry RISK.
The Q2 season begins in April. Market sentiment is whipsawing with high uncertainty. Gold prices retreat back to USD1700 /oz while Dow market rattles from its record high without new strength. WTI Crude prices fell off USD60 /barrel as Dollar Index (USDX) climbs to above 93.00 level at 4-months' high. Most of all, Bitcoin has attracted huge attention from global investors but couldn't jump above the USD61,000 benchmark to rise further!
Indeed, April will be the month of highly versatile and volatile trends among many market instruments. Before end-March, President Biden announces another new infrastructure plan of USD2 Trillion to bolster post-pandemic recovery. This budget is going to be utilized as an overall improvement to lifestyle and living conditions for all Americans besides creating jobs over the next decade. Hence, it seems that Biden is confident that he will sit for 2 terms, or at least the Democrats will take charge in power for at least 8 years.
To simply our comprehension of market movement, let's take a look at the USDX first. The trend is moving up now and probably will encounter a strong selling force 94.00 - 94.50 region. The current uptrend is pushed by rising Bond yields since investors are worried of inflation due to excessive printing of Dollar by the Federal Reserve.
From mid-April onwards, financial reports of Q1 season from large U.S. companies will be released and probably will tank the stock market. After all, the U.S. stimulus plan was only rolled out in end-March and it will take effect only in Q2 season. Thus, the correction in Dollar will trigger a liquidation in Dow market and this might shift the fund back to precious metals. On the other hand, tech stocks in Nasdaq will recover and challenge 14,000 top again.
In our opinion, all ASEAN stock indexes will thread sideways and set a bull-trap in April. The sentiment of "Sell in May and walk Away" will resurface this year as the Q1 reports will be released in May among all ASEAN and Asia countries.
Finally, Bitcoin has created lots of headlines recently and people are getting feverish over this virtual money. Technically, don't be too eager to enter this market early. Be mindful to observe that we need to see a rise in Gold prices first in April and May. Only when the Gold prices reach a new year-high and correct again, then the opportunity will come to Bitcoin's turn and begin to surge.
Good luck and we hope this snippet will shed some light to your trading opinion. Care to share with your friends?
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The U.S. stimulus worth USD1.9 Trillion has been approved by the House and waiting to be signed into law by President Biden. Target timeline to complete the signatory on the dotted line is today, 14 March 2021. That also means President Biden has to execute his pen power in order to continue the issuance of unemployment benefits to low-income Americans after the expiry date. Last week, Dow Jones market clocked the historical fresh high again on Wednesday when it closed at 32,297 points. The worries on inflation pressure as an eye-washer to long traders have become a bear-trap. Sometime back, we have mentioned in this snippet on the ironical sarcasm of inflation in U.S. economy while so many Americans are cash-strapped due to loss of jobs. Since we are expecting the U.S. stimulus to be rolled out in March, the expanse of this public fund will be able to last for estimate 5-6 months. Practically, we expect the inflation will build up at strongest level sometime in mid-April to end
Hello everyone. It’s a bit late to do analysis for trading today. Here is my analysis support and resistant guide for your. FUTU support level is 123 now. Please take note. It must close above 126, then, you can continue to hold. Otherwise, your sell some profit first. To average down your cost. Once the price breakdown 123, will look for the support at 116. If the price breakup 126 and we can continue to hold. I will give your future resistant. TESLA for short trade, it went to above 600 and drop again. It still look’s good. If not breakdown to 550 again. We still look for TESLA sideway between 550~600 for the next 3 to 5 trading days. APPLE, no matter how still at the normal price range movement. Support at 122, resistant at 128. I dont think it breakdown 120 yet. Still can hold for long term. NIO looks went to 34.9 and drop again. If it hit 32 and not breakdown, it can hold for long term. It look’s good for NIO. Dont need to worry too much. Anyway, market movement we cant predic
After the price movement and Q1 2021 Financial report, FUTU Just hit above 130 yesterday premarket. So, I provide 120 as support level. Because the prive movement, the market support level is up. Once breakdown 124, i suggest take profit first. 130 still today’s resistant. Once can stay above 130, we look for next higher resisant at 140.If the price breakdown below 120, please do not buy as low first. Next support level at 112. Good Luck.