Stock Market News: Stock Market Review, May 29th, 2019

Stock Market News: Stock Market Review, May 29th, 2019

US increased tariff & Trade Talk entering a stalled phase

 

Apologies to our subscriber, as there was a technical error that last week comment were not uploaded.

As such, we will review our 13th May pick only.

Last 2 week market were very much showing a strong rebound from key level, and the rebound were supported by strong earnings.

Last 2 week pick updates

Our Pick for 13th  May  2019

  1. OKE, long

OKE, is a clear win, with movement around $3, a 5% move uptrend.

 

 

Market Updates

Last week, market were very much seeking direction and not clear sign were observed.

 

The signal is now clearer, whereby the trade deal delay and attack on Huawei are now sparking concern about global economic growth.

On a technical perspective, a signal of strong pullback is also more solid.

This week are likely going to be turbulent, and the case is more prone to a short setup.

Our pick for 29th May 2019

  1. TTC, short

 

 

For those who are interested to join our daily comment and pick recommendation, pls like our facebook page to get more info.

 

Till next week,

Happy trading

 

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