Dear SGWiseInvestors Fans and Readers,
The market will not slump, thanks to ECB Draghi QE. This is extremely good news for equities market as we have witness the power of QE. Buy in Dip strategy is still in the play.
INDU
We are experiencing consolidation at the moment. 10SMA and 30SMA are currently showing that it is more favourable towards downtrend. If the market is to dip, strong support will be at 17,039. Yesterday price action is very bullish. Indicating that today the market will open green.
NASDAQ
We should be experiencing bullishness in Nasdaq stock market. The market is currently making higher even though 10SMA and 30SMA are currently showing that it is more favourable towards downtrend. With more earnings like Microsoft, Yahoo, APPLE making announcement, we should see Nasdaq making new high if favourable results are to be announced.
Gold
Gold is likely to dip in near term till it reached about 1,255-1,270 support.
Do accumulate some if you have not as it is at strong uptrend.
BRENT
A lot of fan/readers ask me if bottom has been reached. My answer is temporary bottom has been reached as the chart is showing consolidation. I believe that it may consolidate for a while as I do see a lot of buying at the moment. Fast punter may like to consider counter trade. Buy at about 45 and sell it anytime higher.
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