Month: April 2020
Medical Hope, Positive Earning, Friendly Fed and Oil Recovery
04/29 Another DJIA 600+ rally comes from medical hope, positive earning, friendly Fed and oil recovery. Gilead (GILD) +6.7% provides hope for COVID-19 virus treatment that boosts market confidence for...
Strong Price Weak Volume
04/28 All major indexes made a strong 30%+ rally from 03/23 bottom in straight up line. As DIA shows that rising wedge pattern is formed as a result. Although price actions are strong, volume pattern...
Brazil Crisis
04/24 Brazil crisis emerges as as Justice Minister Sergio Moro resigned. Brazil stock markets drops near -8% (EWZ) accordingly. Checking COVID-19 chart, it shows that outbreak of infected daily increa...
Another Strong Day
04/24 This is another strong day with DJIA +250 points or 1%-1.5% gain for all major indexes. Stock markets re-approach near rebound high with 30% gain for the past month since March 23. Peak out of...
Another Global Red Day
04/21 US and global suffered another red day after chaotic crude oil markets that drop to below zero and come back. North Korea leader Kim-Jun Un health condition could be another factor as it adds m...
Negative Oil Price
04/20 Negative oil price !?
Oil Tanks Again
04/20 Crude oil (WTI) price dropped again to near single digit on $10/barrel (brent crude $26/barrel) which set another record low level. It reflects global economic slowdown due to virus. Consequentl...