Trading with the trend is a very big part of my strategy so its always wise to take a look at how the weekly charts are.
Prices have corrected last week giving back the gains from the week before. Our reverse head and shoulders are still valid, support is at 134 on the SPY and 130 next for the SPY.
I still favor a market where the trend is up. As such I will hold on to majority of my stocks.
- TD Ameritrade to Focus Only on Accredited Investors (AI) in Singapore. You May Need to Take Actions. - September 26, 2023
- The Dangers of Income Planning with a Fixed Inflation Rate (such as 3% p.a.) - September 25, 2023
- New 6-Month Singapore T-Bill Yield in Late-September 2023 Should Stick to 3.75% (for the Singaporean Savers) - September 21, 2023