Stock Market News: Stock Market Review I Dec 24th, 2018 I
Sharp Drop in Market
Last week, we anticipated a bad market, and it became one of the worst weeks in stock performance.
With trade uncertainties in the market, it was a rather fragile market.
The market went from bad to worse after Fed rate hike and anticipation of 2 more hikes in 2019.
Last week pick updates
Our Pick for 17 Dec 2018
- No PIck
On 17th, we didn’t issue any pick, but things changed drastically on 18th.
We issued alert to all our members that market is poised for more downside and recommended short. The alert was sent across to all our earlier batches of students too.
Market is now poised for more downside.
We see a technical rebound happening early session this week, and will be closely monitoring for more downside.
It is expected to push further downside this week.
It is a higher risk market, and not advisable for mid-term planning.
Our pick for 24 Dec 2018
- HRS, short
- FIVE, short
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Till next week,
Merry Xmas to all.Happy trading