Stock Market News: Stock Market Review, July 8th, 2019
Trade talk resume & upbeat job report
Before we go into our pick today, would like to share something else.
It had been 2 years since we started to publish our weekly pick. We started back in July 2017, and results had been consistent.
2 years, 129 picks, 64 wins, 19 loses, 12 no entry, 36 breakevens.
Win loss rate of 3.36 vs 1.
We have also decided to create a facebook group on this public weekly pick, do join us here.
Last week, market cheers on early session until Friday.
Job report on Friday is good, but it also may dampen the chance of more rate cuts, and market reacted cautiously on that.
Last week pick updates
Our Pick for 1st July 2019
- LULU, Long
- TXT, long
TXT, while it is still within our setup, we will record this as a loss.
Currently, market are focusing on the chances of a rate cut, and all eyes will be looking at any hint form the market. It would be highly volatile for now.
Last week, market cheers for a few session until the job report is out. While the job report is good, it dampens the chances of the rate cut.
In this case, it would be confusing for a newbie, as we would expect market to cheers with a good report, but this time, market didn’t.
Looking at the technical, we think market still going to go higher this week.
We are going long.
Our pick for 8th July 2019
- TTC, Long
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Till next week,