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Market – US Dow plunged 780 points on Thursday and then rebounded violently

Trading room – 7 Dec 2018

US stocks closed well off their session lows on Thursday after news broke that the Federal Reserve could tighten monetary policy at a slower pace than previously expected.

The Dow Jones Industrial Average closed 79.40 points lower at 24,947.67 after plunging nearly 800 points, while the S&P 500 closed0.15 percent lower at 2,695.95. The Nasdaq Composite erased its losses, closing 0.4 percent higher at 7,188.26 as Amazon, Netflix and Alphabet all rose more than 1 percent.

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Market – Projecting high-probability bottoms in advance

Trading Room – Friday 26 Oct 2018

The global rout in stock markets worldwide and on Bursa is continuing and it’s likely too early to pick an absolute bottom.

Stocks rose back on Thursday in US as Wall Street recovered from a tumble in the previous session that sent two of the major indexes into the red for 2018.

Continue reading Market – Projecting high-probability bottoms in advance