Stock Market News: Stock Market Review I Dec 3rd, 2018 I

Stock Market News: Stock Market Review I Dec 3rd, 2018 I

Fed in Focus

Last week, market shows sign of rebound on Monday and confirmed with Fed Chair speech. The softer tone on rate hike provide relief to the market and it continued further after FOMC minutes is out too.

Besides that, the sentiment on trade talk is also positive when Trump said he likely will have a deal done with China in G20.

 

Last week pick updates

Our Pick for 26 Nov  2018

  1. XLP, long

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XLP case, it is a clear win. It hovers at our entry range on Monday and lifted after that.

Market Updates

Market is likely going to rally a few more days, with the news of no further tariff after 1 Jan for now.

US and China will have a 90days for further discussion on a trade deal.

With these, all of the uncertainty seems cleared.

We see market continue to go higher this week.

Our pick for 3 Dec 2018

  1. ENTG, long
  2. CGNX, long

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Till next week,

Happy trading

 

 

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