Stock Market News: Stock Market Review, Feb 4th, 2019

Stock Market News: Stock Market Review, Feb 4th, 2019

Rally Continues?

Last week, market were seeking for direction until Apple beat earnings despite slowing sales in China.

Market then move upwards and broke resistance on Thursday.

In general, earnings had been good and market are responding well to it.

 

Last week pick updates

Our Pick for 28 Jan 2019

  1. AVAV, long
  2. NSP, long

On AVAV, it is a breakeven, currently fluctuating around entry range, is time to exit breakeven.

On NSP case, it is a win with a $4 dollar move.

 

Market Updates

Market sentiment is upbeat but didn’t change much from last week.

Earnings had been very much on the positive side, and Trump signaled that trade talk is in good progress.

On the technical perspective, market had broken out and continued the uptrend.

Currently, our view is the market looks to continue uptrend, and we are going to long the market.

Our pick for 04 Feb 2019

  1. OLLI, long

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

 

Leave a Reply

Your email address will not be published. Required fields are marked *