Relief Rally Could Peak Around Aug 14

If history is any guide, stocks could peak around Aug. 14, six trading days after the first spike in the Cboe Volatility Index, Takada said.

Watch out!

DBS - Watch That It Does Not Go Below 24.80

Watching DBS, all will be good if it can stay above 24.80, else will be bad.

Wilmar - Monitor Closely for Any Bullish Trend Reversal

Wilmar have been on a continuous uptrend from Jun to July 2019.

August, it seems to be going sideways.  Be watchful for any trend reversal.

Trading Rules To Remind Myself

Dow 2019 Black Monday Down By 767

China devalue its RMB to counter attack US 10% increase in tariffs.

The fight makes investor nervous and world markets everywhere are not spared.

Continue to monitor the events happening on US and China.  Whether the world markets will crash or not will depends on them.

STI Down by 66.60 As US Heat Up Trade War with China

No need to see chart for this week as it will be down.  Just watch the trade war between US and China.  As long as both side continue to fight, all chart no need to see also down.

10:22 pm

Dow Jones Industrial Average

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INDEXDJX: .DJI

25,986.61 −498.40 (1.88%)

AEM - Once a Shining Now in Resistance

2017 is a boom year for AEM as it Net Income jump almost 6 times.

Like all tech stocks, it is affected by the world wide slow down.

It is better to run at around 1.20 if you playing with this stock as it is unlikely to go higher unless the world economy improved.

Hong Kong Land - The Turmoil is Still on Going

Hong Kong is still in a political instability condition and Hong Kong Land behave likewise.  Political turmoil is bad for stock as Hong Kong protester does not seem to be giving up so soon.

Nikko STI ETF - 3.24 Might Be a Good Support

Trump creating tension with China again by increasing another 10% tariffs on $300 billions of Chinese goods starting on 1 September 2019.  STI might not rebound soon unless there is a turn of event.

Dow Jones Closing Down 333.8 points on Wednesday

The VIX fear index started to creep up recently and then the Dow Jones Industrial Average (DJI - 26,864.27) explored a 562-point range, eventually closing down down 333.8 point on Wednesday.

Main reason, want to cut interest rate but not aggressive, wait and see attitude.

While the central bank issued a 25-basis-point rate cut and said it will end quantitative tightening measures two months early, Fed Chair Jerome Powell noted in a subsequent press conference today's move marked a "mid-cycle adjustment" -- a comment Wall Street assumed to be hawkish.