Once every four years, the US goes through a new presidential term. There has been a theory relating the presidential term to the stock market known as the Presidential Cycle Theory. Along the same vein, at the start of every year, investors look at how the stock market generally performs in January, leading to the theory of "January Effect". Here, we explore the two seasonal effects and how the US stock market might be impacted in the y...
$SoftBank Group (9984.JP)$"They don't actually have the money," Musk wrote at 11:35 p.m. on Tuesday, tagging in his post OpenAI, the ChatGPT maker that announced the joint venture with global tech investor SoftBank Group and database company Oracle. At 12:57 a.m. on Wednesday morning, Musk added, "SoftBank has well under $10B secured. I have that on good authority."
Stocks to Watch Broadcom Inc (AVGO US)$Broadcom (AVGO.US)$ Daily Chart -[BULLISH ↗ *]AVGO US is holding above its ascending trendline support. As long as price is holding above 173.85 support level, we expect price to drift down towards its ascending trendline support before drifting towards 199.50 resistance level. Technical indicators advocate for a bullish scenario as well. Alternatively: A daily candlestick closing below 173.85 su...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(MAR5) (ESmain.US)$(4 Hour Chart) -[BULLISH↗ *]We turn bullish as price pushed above 5810 resistance level. As long as price holds above its resistance-turned-support level at 5810, we expect price to continue pushing towards 5860 resistance level. Technical indicators are leaning towards a bullish scenario. Alternatively: A 4 hour candlestick closing below 5810 sup...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(MAR5) (ESmain.US)$(4 Hour Chart) -[NEUTRAL]As expected, market pushed lower reaching previous target before rebounding sharply. We turn neutral for now given the wild swings in prices. With price consolidating between 5580.25 resistance and 5539.25 support. A candlestick close above 5580.25 resistance will open further rise towards next resistance at 5665. Alternatively:...
Market News 【United States】 Data from the U.S. Census Bureau shows that in July, new housing starts in the United States fell by 6.8% month-over-month, with an annualized rate dropping to 1.238 million units. This figure is lower than the market expectation of 1.33 million units and marks the largest decline since March. This contrasts with the revised 1.1% increase from the previous month. US Jobless Claims, Business Activity Keep Economy On Gradual...
Cui Nyonya Kueh :
Cui Nyonya Kueh : Teacher Lim please write about Chinese too.
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