Stock Market News: Stock Market Review, Aug 19th, 2019
Is a trade deal moving positively?
Last week, it was a flip-flop week.
Market cheers on Tuesday when the news of delayed tariff was announced.
But, huge sell-off came in on Wed when the news of an indicator about recession was released.
But what does yield inversion really means? A lot of debatable interpretation on it, but market cool off on Thursday, and finally end the week with a green Friday.
Overall, it is still down as the big sell-off on Wednesday were not recovered yet.
Last week pick updates
Our Pick for 12th August 2019
- MOMO, long (high-risk pick)
MOMO, despite a big sell-off on Wed, is a win.
Currently, market is seeking direction.
Money is flowing into low growth sector, where we see big movement in utilities and consumer stable.
The rest of the sectors are still in seeking mode, with financial probably the worst for now.
Looking at the market actions, it looks to recover this week. But, it is still not a very strong signal.
We are not very confident with the current trend, it is unclear.
Our pick for 19th August 2019
- TSCO, long
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Till next week,