Isaac J Lim
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Market Meltdown - What got us here?
Initial Cracks
Cracks in the markets were already showing 2 weeks back on the week of 23rd July. The catalyst that kicked off this meltdown started with two major stocks, Alphabet ( $Alphabet-A (GOOGL.US)$) and $United Parcel Service (UPS.US)$. Alphabet announced its earnings and even though it beat expectations, the performance was nowhere near stellar compared to the previous quarter. This was taken as a signal that perhaps t...
Initial Cracks
Cracks in the markets were already showing 2 weeks back on the week of 23rd July. The catalyst that kicked off this meltdown started with two major stocks, Alphabet ( $Alphabet-A (GOOGL.US)$) and $United Parcel Service (UPS.US)$. Alphabet announced its earnings and even though it beat expectations, the performance was nowhere near stellar compared to the previous quarter. This was taken as a signal that perhaps t...
![Markets Are Bleeding Red. What Next?](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240805/931c7e7ec2cfe0647eb1e671dc024242.png/thumb?area=101&is_public=true)
![Markets Are Bleeding Red. What Next?](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240805/bfa8d394379b44d686a485d27ecd1f53.png/thumb?area=101&is_public=true)
![Markets Are Bleeding Red. What Next?](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240805/48f731d0404776ff1073734a6d2862ae.png/thumb?area=101&is_public=true)
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Isaac J Lim
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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ *] As expected, drop in progress. We stay bearish on the S&P, as long as price holds below 5485.75 resistance, we can expect price to continue to drop towards 5366 support. Technical indicators are advocating for a bearish scenario for now.
Alternatively: A 4 hour candlestick closing above 5485.75 resistance will open short term recovery...
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ *] As expected, drop in progress. We stay bearish on the S&P, as long as price holds below 5485.75 resistance, we can expect price to continue to drop towards 5366 support. Technical indicators are advocating for a bearish scenario for now.
Alternatively: A 4 hour candlestick closing above 5485.75 resistance will open short term recovery...
![Further weakness expected due to tech sell off](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240802/7ff217bf7a1ec5d587d3a0b250a31e68.jpg/thumb?area=101&is_public=true)
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Isaac J Lim
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Stocks to Watch
General Motors Co $General Motors (GM.US)$ (GM US)
Daily Chart -[BEARISH ↘ **]GM broke below ascending trendline support. We stay bearish, expecting price to hold below 46.20 resistance before shaping a fresh drop towards 41.90 support, then 38.15 support next. Technical indicators are advocating for a bearish scenario as well.
Alternatively: A daily candlestick closing above 46.20 resistance will open a short t...
General Motors Co $General Motors (GM.US)$ (GM US)
Daily Chart -[BEARISH ↘ **]GM broke below ascending trendline support. We stay bearish, expecting price to hold below 46.20 resistance before shaping a fresh drop towards 41.90 support, then 38.15 support next. Technical indicators are advocating for a bearish scenario as well.
Alternatively: A daily candlestick closing above 46.20 resistance will open a short t...
![Loaded Earnings and Economic Data week - Be careful of dead cat bounce](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240729/0e70311036fffb17a6ff5fc3b30cdc85.jpg/thumb?area=101&is_public=true)
![Loaded Earnings and Economic Data week - Be careful of dead cat bounce](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240729/10babd6cd8a6c133223047a7e372b151.png/thumb?area=101&is_public=true)
![Loaded Earnings and Economic Data week - Be careful of dead cat bounce](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240729/5fe4d9553c03eb8a2a549471bf853f9d.png/thumb?area=101&is_public=true)
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Isaac J Lim
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Background
On Saturday evening, 13th July, 2024, ex-President Donald Trump was giving a speech in western Pennsylvania to his supporters in a bid to rally them in preparation for the upcoming presidential election. More than 10,000 attendees were reportedly at the event.
11 minutes into his speech, when Mr Trump was making a reference to statistics on immigration, a gunshot was heard. Mr Trump flinched and reached for his right ear as ...
On Saturday evening, 13th July, 2024, ex-President Donald Trump was giving a speech in western Pennsylvania to his supporters in a bid to rally them in preparation for the upcoming presidential election. More than 10,000 attendees were reportedly at the event.
11 minutes into his speech, when Mr Trump was making a reference to statistics on immigration, a gunshot was heard. Mr Trump flinched and reached for his right ear as ...
![The ‘Trump Trade’’’- Knee jerk reaction or longer-term move?](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240715/1721031927615-d376b098b3.png/thumb?area=101&is_public=true)
![The ‘Trump Trade’’’- Knee jerk reaction or longer-term move?](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240715/1721031946962-1084f9536b.png/thumb?area=101&is_public=true)
![The ‘Trump Trade’’’- Knee jerk reaction or longer-term move?](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240715/1721031947157-72783d7770.png/thumb?area=101&is_public=true)
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Isaac J Lim
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Hi, mooers!![]()
As we navigate through the second part of 2024, let's pause and reflect on your fund investment progress. First up, a big cheer for our mooers who've made impressive strides in the first half!
@Dadacai @1016551418 @ZnWC @sociable Dingo_8604 @101764215Moi
@104118995 @Opydac @Fungicide @gunzgunz @CasualInvestor @NHKdotCom @Thy GoD
Let's give them a well-deserved round of applause!![]()
![]()
Investing is a lot like life itself, with its highs and lows. So, how ca...
As we navigate through the second part of 2024, let's pause and reflect on your fund investment progress. First up, a big cheer for our mooers who've made impressive strides in the first half!
@Dadacai @1016551418 @ZnWC @sociable Dingo_8604 @101764215Moi
@104118995 @Opydac @Fungicide @gunzgunz @CasualInvestor @NHKdotCom @Thy GoD
Let's give them a well-deserved round of applause!
Investing is a lot like life itself, with its highs and lows. So, how ca...
![Q2 Fund Recap: Tips for smarter investing](https://1500015405.vod2.myqcloud.com/d72e86d4vodtransjkt1500015405/173416df1253642700809813960/coverBySnapshot/coverBySnapshot_10_0.jpg)
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Isaac J Lim
reacted to
US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BULLISH ↗ **] S&P is drifting higher for now. As long as price holds above near-term support at 5610.00, we choose to stay bullish, expecting price to push higher towards resistance at 5684.75. Technical indicators are advocating for a bullish scenario as well. Price is holding above 21 period EMA.
Alternatively: A 4 hour candlesti...
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BULLISH ↗ **] S&P is drifting higher for now. As long as price holds above near-term support at 5610.00, we choose to stay bullish, expecting price to push higher towards resistance at 5684.75. Technical indicators are advocating for a bullish scenario as well. Price is holding above 21 period EMA.
Alternatively: A 4 hour candlesti...
![Risk on across the board following US Fed Chair Powell's speech](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240710/69b8ebed896fddc89c0be5ce2a6269e2.jpg/thumb?area=101&is_public=true)
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Isaac J Lim
liked
US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BULLISH ↗ *]S&P pushed higher and surpassed previous resistance, invalidating previous bearish view. We turn bullish on the short term now, expecting price to do a limited push higher above 5542.00 support towards 5590.00 resistance. Technical indicators are turning bullish now.
Alternatively: A 4 hour candlestick close below 5542.00 su...
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BULLISH ↗ *]S&P pushed higher and surpassed previous resistance, invalidating previous bearish view. We turn bullish on the short term now, expecting price to do a limited push higher above 5542.00 support towards 5590.00 resistance. Technical indicators are turning bullish now.
Alternatively: A 4 hour candlestick close below 5542.00 su...
![Core PCE data tonight with mixed sentiments across markets.](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240628/2ab5d63c892f6dc9dad5a302c94785b7.png/thumb?area=101&is_public=true)
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Isaac J Lim
liked
Dear Moo-ers,
We know you look forward to our weekly Trader’s Talk session but we’ll be taking a break next week, July 2, as we enter the final phase of preparations for MooFest 2024.
#ICYMI, MooFest 2024 is happening next Saturday, 6 July, 9am - 6pm at Suntec Convention Centre!
Join us at our annual flagship event, where we'll be "Thinking Forward, Mastering the Future". This year's event is set to be our biggest and most exciting yet, with a lineu...
We know you look forward to our weekly Trader’s Talk session but we’ll be taking a break next week, July 2, as we enter the final phase of preparations for MooFest 2024.
#ICYMI, MooFest 2024 is happening next Saturday, 6 July, 9am - 6pm at Suntec Convention Centre!
Join us at our annual flagship event, where we'll be "Thinking Forward, Mastering the Future". This year's event is set to be our biggest and most exciting yet, with a lineu...
![Trader’s Talk is taking a break next week!](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240628/1719567860883-c8f27f7019.png/thumb?area=101&is_public=true)
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