Last week, I mentioned we might be witnessing a potential market top because of the 3 signs showing up. However, confirmation via a change of character bar and spike of supply did not appear.
As the $标普500指数主连(2412) (ESmain.US)$ , $纳斯达克100指数主连(2412) (NQmain.US)$ and the $道琼斯指数主连(2412) (YMmain.US)$ are all at all time high while the earnings reports from $苹果 (AAPL.US)$ and $亚马逊 (AMZN.US)$ disappointed investors, should you jump in the stock market right now?
The short answer is it depends and I will show you what you might want to consider before making a decision.
Market Recap
First, let's take a look at S&P 500 futures (ES) and what's happening last week.
The first sign of emerging supply was on 22 Oct, as highlighted in blue where there is increasing of volume without upside progress as S&P 500 was testing the previous all-time high resistance at 4550.
On 25 Oct (Monday), S&P 500 broke and close at all time high. However, increasing of supply hit on Tuesday and Wednesday as highlighted in orange where bearish price action was in sync with increasing of volume. This was the time where the bear can take initiative to overwhelm the bull.
Yet, there was no follow through and commitment to the downside. Just after a test of the axis line (where the resistance-turned-support), S&P 500 absorbed the supply on Thursday and once again close at all time high on Friday.
In short, there is still no excessive supply to kick start a pullback yet.
How far can S&P 500 go?
Based on Point & Figure price target projection, there is a minimum target of 4740, suggests that there is still enough fuel in the tank for more upside ahead for S&P 500.
From the analysis, the bias of the market direction is still up until emergence of excessive supply and a change of character shows up.
Ready to buy? Things you need to consider
Every successful trader or investor have a plan and they do stick to it. If you are an investor who only pay attention to the intrinsic value of a stock, market timing might not be that relevant to you since the investing thesis is likely to buy the stock at price with a safety margin and wait till the stock materializes at least to its intrinsic value (and beyond).
For traders (both short and long term), the trend of the broad market is up and it is time to focus on outperforming sectors (e.g. $科技行业精选指数ETF-SPDR (XLK.US)$ , $非必需消费类ETF-SPDR (XLY.US)$ , $SPDR金融行业ETF (XLF.US)$ , $能源指数ETF-SPDR (XLE.US)$ ) and stocks in order to beat the market.
Follow your trading plan (including entry, stop, % of risk taken and position size) and execute when the setup is triggered. Next, you can just sit back, relax and manage your trade according to your trading plan to maximize the profits and limit the losses.
If you are wondering what if your analysis, execution or trade management was wrong? No matter which part goes wrong, you are at least protected by the risk you have set before you enter a trade, which is the amount you are willing to lose when you are wrong. So, risk management is the key and you will especially appreciate it during bad time.
Do think about your trading style, timeframe and risk appetite before you consider to start trading or investing in the stock market now.
Safe trading.

10月剩下今天和明天最后两个交易日，预计都是回调震荡为主，因为资金都在观望，后面有几件大事，一是10月30日全球G20峰会，二是11月1日联合国气候大会，三是11月4号美联储议息会议，当天或正式宣布开启资产缩减计划。前两个消息决定后面的新能源汽车光伏还能有多久，后一个消息决定后市能飞多高，如果顺利度过，11月4号后将开始反弹，保留部分资金。

$比特币 (BTC.CC)$ 你好女士们

$特斯拉 (TSLA.US)$ Investment is a lifetime thing Not a matter of days and months Don't be ecstatic for teeny profits Don't give up good stocks because of the high altitude Don't be thunderous because of a short-term correction Don’t chase the ups and downs without any plan, buy high and sell low
Before making each decision, think about the next step and the steps after the next step. Each step should not contradict your plan. Those who sell flying, please review, don’t repeat the same mistakes Good stocks that are missed, as long as you give them a few years, you can buy them for a long time.
No one can accurately predict what will happen within a few days time and time again, so betting on financial reports is called "gambling". Winning a gambling is not inevitable. It is not your talent. It is a fluke. fluke will produce the illusion of ability and make you do more mistakes. Decide. A long-term stable investment strategy is the last path that every rational investor will choose, because they will find that gambling all the time is not the way. They win at one time and lose several times, picking up sesame seeds and losing watermelons back and forth.
In fact, many academic studies (not just those based on experience, but literature with statistics, data, and historical blessings) have found that the most ideal strategy for most investors is to invest in long-term holdings, rather than operating frequently. There are also Meidi securities firms who found that the best performing accounts among their clients are those who have passed away (because they have not been sold).
Take a long-term view and do more fundamental research, especially if you look at foreign research, your horizons will be much broader. The vast majority of retail investors are losing money. Losing is not a problem, but not learning lessons after losing is the problem. Of course, there are also people who will never touch investors if they lose. Try to find a way to become the small group of people who can make money in the end. My words are here. I don’t want everyone to be smooth sailing, but I wish you all to realize the way to victory as soon as possible.

$向上融科 (TIGR.US)$ 看看看

所有美国交易所五日涨幅最大- Barchart.com https://www.barchart.com/stocks/performance/five-day-gainers/advances?orderBy=percentChange5d&orderDir=desc

昨晚联储局周三公布经济褐皮书，指美国经济增长放缓至温和水平，承认通胀居高不下 ; 部分地区对前景不确定性有所上升，态度较前数月有所保留。道指一度创新高，标指连涨6日并逼近历史高位。
今日预测：美联储终于承认通涨严重，加上经济放慢，预料这次美国10年期债券收益率会冲到2%，加上中国GDP放慢、美国经济增长放慢，市场随时将滞涨放到无限大，建议非常小心市场翻脸不认人，目前恒指这位置绝对值得把仓位降低。