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Wednesday 5 June 2013

Stock Market Analysis- Dow is down

Yesterday, US stocks fell & broke the Dow's winning streak of 20 Tuesdays in a row
S&P 500 & Nasdaq dropped as well
We still managed to win 4 out of 4 buy signals despite most stocks going down
Nonetheless, the market is becoming more volatile as we await Friday's US nonfarm payrolls report & we should be more cautious

Stocks fell as there are concerns about US economic growth
Analysts also predicted QE tapering might happen sooner, depending on economic data
We presume that most investors will hold back their investments in anticipation of Friday's US nonfarm payrolls report
We should look for strong sell signals in the meantime, or not trade at all to protect our investments

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