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Hot Stock – How to trade AirAsia X?

Trading Room – Fri 2 Nov 2018

Oil prices fell more than 2.0% on Thursday, with U.S. crude hitting its lowest level in nearly seven months as last month’s steep losses continued into November.

U.S. West Texas Intermediate crude ended Thursday’s session down US$1.62, or 2.5%, at a nearly seven-month low of $63.69. The contract bottomed out at $63.11 earlier in the session, its weakest price since April 9.

Continue reading Hot Stock – How to trade AirAsia X?

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Market – Has the tide turned?

Trading Room – Thur 1 Nov 2018

Markets love to surprise and markets love to trap too. The immense skill of an elite trader is to determine which is the likely scenario on the balance of probabilities using the widest array of information available. Common traders will tend to get carried away in media headline news explaining the move AFTER it happened (see this report on “when trades go wrong”) Continue reading Market – Has the tide turned?

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A rose under the winter snow

Trading Room – Mon 29 Oct 2018

Stocks fell sharply on Friday in U.S. as investors slogged through another volatile session on Wall Street.

The Dow Jones Industrial Average closed 296.24 points lower at 24,688.31 after dropping 539 points at its lows of the day. The Nasdaq Composite dropped 2.1% to 7,167.21. At its lows, the tech-heavy Nasdaq had fallen more than 3.0%. Continue reading A rose under the winter snow