The higher the $Nasdaq100 Bull 3X ETF(TQQQ)$ and $Nasdaq100 Bear 3X ETF(SQQQ)$ S&P 500, the more likely the bearish investors are likely to have to start buying, further pushing the market up. At the beginning of this year, the stock market has crossed the wall of worry and is approaching a bull market. Now the interesting part begins. Entering 2023, the skeptical person believes that the stock market is expected to fall as the "bear market rebound" has been shaken from the October low. The Fed has been rapidly raising interest rates, raising all capital costs from startups to banks. The economy is slowing so that the recession has be
Thanks to Tiger for awarding the weekly top predictions for SPY back to back once again. Let’s get ready for the most crucial CPI data report follow by Fed’s decision to hike or pause interest rate next Tuesday and Wednesday respectively 💪 Economic data during the week gave some strength to the Fed pause narrative. The Institute for Supply Management's gauge of U.S. services activity nearly showed a stagnation for May, while factory orders for April rose less than expected. Moreover, initial jobless claims surged to their highest level since October 2021. The data pointed towards signs of cooling in the economy while also suggesting that cracks had begun to show in the highly resilient labor market. The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull t
COIN - An opportunity in the making? - Had been in a range 45 to 85 for some months - The SEC Binance crackdown had created an opportunity for COIN - SEC brought COIN down to test the bottom of range 46+ but has since bounced off well - 65 is a near term target (middle of range) - Of course COIN depends alot on BTC and so BTC needs to hold 25K and 24K well My Watch/Plays - Sold puts prior to the SEC disaster but has since come up well - Will take more puts when it reaches gap fill 59 on pullbacks - BTC needs to stay above 24K - SEC needs to quieten down Cautiously positive of this counter. Good luck, all! @TigerStars @CaptainTiger
We will be having the FOMC meeting for the month of June from 13-14 June 2023. So my trading strategy for the week of 12-16 June 2023 shall cover before and after the FOMC Meeting. The main questions on investors’ mind would be “will there be a rate hike pause?”, how is the possibility of rate hike vs pause? This is how my previous week result far : My Trading Strategy For Week of 05-09 June 2023 We have BABA which has a 1.80% gain, SOFI which has a 14% gain, but we have a loss of 0.91% if we went into AAPL last week I shall share this week stocks that I will be focusing. I would be looking at these 2 stocks, which are in these 2 sectors: Chinese ADRs - XPeng Inc. (XPEV) Fintech - SoFi Technologies Inc.(SOFI) Chinese
🟩🟩 In this informative video from The Investing Iguana, host Iggy discusses a crucial topic that Singaporeans should pay attention to: CPF vs SRS – Which One Should You Use to Save Tax? As he explains the differences between the Central Provident Fund (CPF) and Supplementary Retirement Scheme (SRS), Iggy delves into their respective features, benefits, and drawbacks. CPF, a mandatory savings scheme for Singaporeans and permanent residents, helps individuals save for retirement, healthcare, and housing needs. 🟩 (⚡10MPPF) = TEN MINUTE PODCAST (PERSONAL FINANCE) by the Investment Iguana 🟡TIMESTAMP 0:00 - Intro and welcome 0:25 - What is CPF and how does it work 2:10 - What is SRS and how does it work 4:00 - CPF vs SRS: Pros and cons 6:20 - How to decide which one to use 7:40 - Summary