Stock Market News: Stock Market Review, July 15th, 2019
Hope of rate cut boost market
Last week, market cheers when Fed chair Powell signal that FOMC is going to act accordingly to ensure the expansion of the economy, and that boost the market.
Last week pick updates
Our Pick for 8th July 2019
- TTC, Long
TTC, is a minor win, we will record this as breakeven.
Currently, market are still focusing on the chances of the rate cut, and all eyes will be looking at any hint form the market. It would be highly volatile for now. (same like last week)
This week, earning session begins. We will need to see a stable earning and guidance from the corporation.
What worry the market now is that the company may lower their guidance, and that will be the bad sign to the overall stock market.
Looking at the technical, we are going long.
Our pick for 15th July 2019
- NXPI, Long
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Till next week,