Saturday, March 14, 2020

More Upside Next Week After Wall Street Staged Its Biggest Rebound Since 2008?

More Upside Next Week After Wall Street Staged Its Biggest Rebound Since 2008?
Previous Price Action Don't Look Too Promising !

Since 2 to 11 Mar Dow Jones Index have failed after every rebound without a follow through buying and in fact prices got lower subsequently .

Donald may have chosen to declare national emergency to combat the Covid 19  just 30 minutes before the market close to catch the short sellers . He also caught the market by surprise by directing the US Energy Dept to purchase crude oil for the strategic petroleum reserves . The announcement triggered a wave to program short covering that lasted until  the closing bell. Chances are short covering rebound do not last very long.  

All posts and charts are for educational and illustration purposes only
Wednesday, March 4, 2020

RHO Market Chat - Episode 1

Last week, we saw the major US indices top out from their all time highs, dropping over 10% in a single week, and recording one of the worst weeks in history.

Are we entering a bear market, or is this just a healthy correction for the massive bull run?

Find out this and more from Top Tier Trader, Remisier and Principal Investment Specialist Mr Robin Ho in this week's RHO Market Chat!

All posts and charts are for educational and illustration purposes only