Trader_hao

Trader_hao

S&P500 is currently trading sideways, within range of $2420 to $2635. Its been doing so for the past 20 days. There isn't much strong bullish or bearish news in the market yet except that Covid19 cases are still crawling and that globally, there has been 70,000 more cases with 25,000 cases located in the US. Will start to post some news here too as well as...

Trader_hao

During the 2008 financial crisis, there were 6 different rallies before the market really bottomed. The rallies ranged from 9% gains to up to 26.5% gains right before it took a 30% dive and bottomed at $665. Afterwards, it just took a bull run for the next 10 years. What we can gather from this is that, any rally might just be temporary and potentially, there...

Trader_hao

Many countries are releasing stimulus right now increasing Singapore. I think it will help boost the economy slightly. However, based on Fib retracement, a good entry level for S&P500 ($1705-$2350). A Fibonacci retracement is a term used in technical analysis that refers to areas of support or resistance. Fibonacci retracement levels use horizontal lines to...

Trader_hao

US cases climbed by 13,000 to 68,000 cases (stats from worldometer site) already and it seems like the rally 2 days ago just took a small turn downwards. I still think it will continue heading downwards till either vaccine is released or when the numbers are better controlled. Because looking at the growth rate, it doesn't look like its slowing down and many...

Trader_hao

The Dow Jones Industrial Average rose more than 11% to clock its biggest advance since 1933. Dow Jones futures jumped Tuesday morning, along with S&P 500 futures and Nasdaq futures, amid optimism about a massive stimulus deal. New support at 20,000 for DJI. Not sure how long this rally will last because its basically akin to printing money to keep the economy...

Trader_hao

Zoom Video stock went up sharply for a couple of months after its IPO in april early last year, then consolidated for a long time. But the video conferencing software maker was delivering huge earnings and revenue growth. Zoom Video stock bottomed last October and really took off at the start of 2020, well before the coronavirus stock market crash. As the...

Trader_hao

As requested by many to take a look at equities market, i shall do some basic analysis from now on on the shares market in US and globally. Equities Market just surged for futures of S&P500 because the Federal Reserve Unveils Unlimited QE Amid All-In Effort to Confront 'Severe Coronavirus Disruptions'. I think this is the first time its ever done an unlimited QE...

Trader_hao

The S&P 500 index is a benchmark of American stock market performance, dating back to the 1920s. The index has returned a historic annualized average return of around 10% since its inception through 2019 and thats a good representation of the market. Compared to fixed deposits, yearly returns ranges from 0.5%-2%. While that average number of 10% may sound...

Trader_hao

The drop in oil prices is caused by excess supply and shrinking demand (due to covid19 causing demand for oil to drop since industry like transportation don’t need that much anymore). Russia refused to cut production, in a bid to drown America's high-cost shale producers in a sea of cheap crude. Saudi Arabia responded by slashing prices and ramping up production...

Trader_hao

First Crisis started in 2000, Second one came in 2008, now the Third one in 2020. It gapped an average of 9 years between the cycles but market correction is a part of each cycle. Good entry region between $766-$1816 for S&P500.

Trader_hao

Did a TA on BTC/USD. On the 7th jan, BTC broke out of the $4,053 resistance and hit $4,200 however it broke back down after a few days and went down steep. It has since crashed by $400 to $3,700 where i think theres some sort of support based on previous support point. There is a chance that if this bearish pressure continues, it will head towards $3,200.

Trader_hao

Did a TA on BTC against USD. BTC is at approximately $3,900 right now. It seems like there is an ascending triangle forming (depending on whether it will continue holding at this level. If BTC goes up to $4,050 (resistance point of the ascending triangle), i will consider longing it on bitmex. However, if BTC drops to below $3,800 and breaks the support of the...

Trader_hao

Market was pretty down for last 3 days. BTC went from $4,350 all the way down to $3,733 right now. It broke a support at $3,750 and potentially might head down towards next support zone at $3,300 to $3,400, Most alts are in red as well and comparatively, BTC has declined lesser than most and i reckon now is a good time to exit your alts into major coins like BTC...

Trader_hao

Did a TA on ETH against USD. ETH just surged and broke the resistance at $120 levels and headed all the way till $133 right now. Spike in volume as well. Resistance turned support at $120. However, you can also see support on the bullish trend line at around $115. Its a little bit too overbought at this stage and might correct back to around $120.

Trader_hao

BTC broke its resistance at $3,750 with a strong green candle (confirmation) and headed towards $4,000 and having some sort of resistance there. However, there is an increase in volume and also the continuous green candles shows that there is a high chance it will break $4,000 and continue upwards. Meanwhile, new support now at $3,750.

Trader_hao

Did a TA on ETH against USD. The key resistance at $100 is still valid and ETH is now back down at approximately $87. Theres a chance that it might continue to slowly inch down towards the support at $83 if the bearish forces continues. However, it seems like it consolidating within $83 and $93 right now in a trend channel.

Trader_hao

Did a TA on BTC against USD. BTC together with ethereum and all the alt coins suffered a sharp dip recently. BTC is right now moving within the range of $3,400 to $3,750 (10% range). Support region is between $3,300 and $3,400 with $3,300 being the stronger/key support. Volume has been pretty stable/low for last few days as well.

Trader_hao

Did a TA on Ethereum against USD. ETH fell below its key support at $100 and dipped all the way to the $80+ region. Its showing some recovery right now and is back up at $92. $100 is its new key resistance. The main reason is because most people place their buy and sell orders at round number like $100 (or any nice numbers).