Stock Market News: Stock Market Review, May 6th, 2019

Stock Market News: Stock Market Review, May 6th, 2019

Trump did it again…

Last week market were up, and everything is pointing to a smooth rally ahead.

The job report was good, and the unemployment rate is at low.

However,  Trump surprised everyone again on Sunday.

Last week pick updates

Our Pick for 29 April  2019

  1. V, long
  2. SBUX, long

V, it went up on Monday & Tuesday, but retraced on wed. It is a breakeven case.

 

SBUX, it is a minor green, we shall record as breakeven as well.

 

Market Updates

Trump tweeted on Sunday that US will impose tariff as soon as this coming Friday, as he is disappointed with the trade deal discussion.

China immediately responded with preparation to walk away from the talk.

This week are likely going to be turbulent, and it is probably good to wait for the storm to settle.

Our pick for 6th May 2019

  1. No pick

 

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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