Just a few days ago on Black Monday, the market was in extreme panic, and everyone thought the stock disaster was coming. I told everyone that the market would soon hit bottom and bounce back.
In the past few days, the market has indeed rebounded. Those who did not participate in this wave of rises are experiencing the Fear of Missing Out (FOMO) and have been constantly looking for stocks to buy.
In the financial markets, greed and fear are human weaknesses. Once you understand these two things, you basically won't chase the rise and fall every time.
This market sentiment index is a very useful tool for observing what stage the market is currently in. On Monday, when the market was in extreme panic, the index fell to around 4-5. Four days later, there was a major reversal, rising to 88, also indicating that the market was getting excited, and soon there will be an adjustment.
The key is if this round of correction can make a Higher Low, then basically this round of selling wave can be declared over. On the other hand, if the index falls below the recent low point during the correction, then it is very likely that a new round of downward wave is coming, which applies to both the US stock market and the Malaysian stock market.
Of course, my personal opinion is that there should not be a major decline in the short term, at most it will consolidate for a period of time, and the market will have a new direction after the peak period of performance.
Congratulations to those who have been following my live broadcast on Facebook and participating in this rebound, if you haven't, it's okay, keep following me and I will share more when there is an opportunity.

Although the gaming rules have changed...
But there are still loopholes...
This loophole should be able to achieve 300% in a month.
Can go and study it...

Hi mooers! The MY Stock Paper Trading Competition officially ended on 01/12/2023 (ET)!
This competition received enthusiastic participation from mooers, with a total of 4778 mooers signing up!
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Week 6 Leaderboard
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Week 6: 27/11/2023 (E...

The recent rise in U.S. stocks has made people doubt their life choices, while Malaysian stocks have only seen a few low-trading stocks hit the daily limit up. Overall market sentiment is still not very good, indicating a lack of consensus on market themes. Hopefully this round of U.S. stocks can drive the Malaysian market higher.
On the other hand, the decline in the U.S. ten-year bond yields has improved market sentiment, with the belief that the Fed will cut interest rates in June next year. However, looking at it from another perspective, the decline in the 10-year yields also indicates an increased demand for bonds, suggesting concerns about an upcoming economic downturn.
But it's good for the stock market in the short term, as the further tightening pressure has been reduced. I personally believe that the U.S. stocks will see a small bull market (Malaysian stocks might have to wait, as the peak earnings season is approaching.). I still hold my previous view, I believe the stock market will be very good in the next two years, but there might be a major pullback before that, possibly happening in 2024 Q1 at the earliest, or Q2 at the latest, followed by a redistribution of wealth.
Don't go all-in on this round of increases, remember to take profit when things are going well and prepare for the next round of declines.