Posted on

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

Posted on

Hot Stocks – What to do with O&G stocks now?

Trading Room – Thursday 25 Oct 2018

Oil prices on Wednesday broke their key supports despite a looming U.S. sanction against Iran coming into effect soon.

Front-month Brent crude oil futures were traded around US$76.76 a barrel while US West Texas Intermediate (WTI) crude futures were at US$66.58 a barrel.

Brent closed down 4.3% and WTI dropped 4 .0% in the previous session. Continue reading Hot Stocks – What to do with O&G stocks now?

Posted on

Hot Markets: Global and US – It’s hard to say goodbye

Trading Room – Thursday 25 Oct 2018

Stocks plummeted on Wednesday as a sharp drop in tech shares and worries about corporate earnings added fuel to the month’s steep pullback for US stocks.

The Dow Jones Industrial Average dropped 608.01 points at 24,583.42 and erased all of its gains for 2018. The S&P 500 dropped 3.1% to 2,656.10 and also turned negative for the year. The Nasdaq Composite fell 4.4% to 7,108.40— entering correction territory — as Facebook, Amazon, Netflix and Alphabet all traded lower. Continue reading Hot Markets: Global and US – It’s hard to say goodbye

Posted on

Global markets and Bursa – Where are they really heading “together”?

Trading Room – 19th Oct 2018

Dow falls more than 300 points as the market’s October struggles to persist.”

“The Shanghai Composite dropped 2.9 percent and hit its lowest level since November 2014.”

“Italian bond yields to their highs of the day and sent major European stock-market indexes to their session lows.”

The Dow and S&P 500 have fallen more than 4 percent each, while the Nasdaq is down nearly 7 percent in October.

Continue reading Global markets and Bursa – Where are they really heading “together”?