Monday, December 31, 2018

Jan[1] - Market Updates

US:
Due to downfall of 20% from recent peak, both S&P500 and NASDAQ have entered bear market officially before Christmas. DOW Jones pulled its brake just around that boundary, but broke down from its long term support on 200 days moving average (blue line) miserably as shown below. Looking backwards, similar scenario happened on 2015 as highlighted in orange.

The 10 years bull has came to a rest. It would be everyone's guess for its next move. As uncertainty is the only norm in market, investors shall exercise careful measures for his investment decision as always. Over-worried on big crash might end up missing opportunity. Let your money work harder is always one way leading towards financial freedom.

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