US Market Summary 25th August
Today, Powell gave a talk at a major yearly event, the Jackson Hole conference. Last year, he promised to tackle inflation, and it had a big impact on the market. This year, he took a more middle-ground approach, saying he would wait and see before taking further actions.
The market had a roller-coaster day, with prices going up, then down, and then up again. The QQQ, a major market indicator, rose by 0.78%. But considering its big drop yesterday, today's rise isn't that significant. The market is still in a shaky spot with very few stocks hitting their highest price in a year.
The Nasdaq, another major market indicator, is at a critical point. It's on a trendline that's been important all year, and it's dropped below an important average. This suggests that the market is unpredictable and potentially risky right now. As summer ends, which is usually a slow time for the market, it's essential to be patient and watch the market's reaction to Powell's speech next week. After all, it's crucial to make smart decisions and not take unnecessary risks, just like in a car race. Taking risks might not help us win in the long run.
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buy the dips : I hope so but they say Aug and September is the worst. tbh I think it's buying opportunity and those two months
Nigel Chong 庄证评OP buy the dips: Been waiting for clear sign. And waiting chart setups to be formed
buy the dips Nigel Chong 庄证评OP: am new to investing but I love it I even loved when I lose but I love it more when I make profit it's all a learning experience for me I just want to soke up any info on investing but I have a question am currently in$GameStop (GME.US)$ what does this chart look like and $Better Home & Finance (BETR.US)$ if you don't mind
Nigel Chong 庄证评OP buy the dips: What makes you think they are good trades? I dont think they are good trades.
In fact you shouldnt be buying stocks like this
buy the dips : okay. well I don't know if they good tbh I follow ppl and the most part it was a win but everytime I buy on my own I lose like that GameStop but the only reason I got in on that position because I felt like it was a cheap price
Nigel Chong 庄证评OP buy the dips: Cheap can get cheaper man.
Please educate yourself before investing.
It can be a pain if you lose hard earned money
buy the dips Nigel Chong 庄证评OP: understood
Nigel Chong 庄证评OP buy the dips: Hope you do well! First time is avoid is - stop buying rubbish companies / laggards.
Buying up-trending stocks will be helpful. All the best in your investing journey
Emotionless : Nigel You give some pretty good investment advice. I think ill take your advice on these tickers and sell the shares i bought friday. I sure hope the prices dont go up and i lost the chance to make some money. Thanks for being so concerned about peoples money. I can tell by the way you offered your investment advice and showed concern about a new trader asking if they should invest and you didnt want them to loose money . Do you have a firm that i can invest with by chance?
Nigel Chong 庄证评OP Emotionless: Just to clarify - I am not offering investment advice, was just sharing
I am not running any fund management for now, but I do educate traders to do well.
I can refer some learning materials to you if you are interested
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