Lawrence Chan's Blog, page 10
November 11, 2023
TLC Weekly Update November 11, 2023
Another week of positive gain for the stock market. Bulls are now having their victory dance while Moody waited until after the stock markets closed to announce its downgrade of USA. Would that do anything to the US stock market by Monday? I have no idea. Patrick Boyle’s latest video on Peace Dividend is a …
November 4, 2023
TLC Weekly Update November 4, 2023
Another Non-Farm Payroll week ended with a strong close thanks to very weak NFP reported. Bulls are cheering that they have won the war while many confused bears thought that they are being scammed. Well, it is just another NFP week that has a strong bullish bias no matter what the reported number is. Nothing …
October 28, 2023
TLC Weekly Update October 28, 2023
At the blink of an eye, another month is almost over. US stock markets ended lower for the week as expected and two more trading days to month end. Can the bulls defend their turf or that they have been day dreaming all along by ignoring the geopolitical risk completely? It is a problem faced …
October 21, 2023
TLC Weekly Update October 21, 2023
With so much uncertainty out there, S&P500 closed at the low of the week on Friday. That led to fierce debate on X among those gurus where the market will be heading next week. From what I see so far, bulls and bears are pretty much 50/50 split. This makes sense though because S&P is …
October 14, 2023
TLC Weekly Update October 14, 2023
What a roller coaster ride this week for the stock market – leaning on the turnaround Friday last week, S&P pushed higher originally but then hammered back down on Friday. Of course, bulls see this as a little setback while the bears believe the sky is falling. I’ll say it is just another week similar …
October 7, 2023
TLC Weekly Update October 7, 2023
What a week for the stock market! First it started out flushing lower below previous week low. Then, a last moment turn around Friday saved the week from falling further. Bulls are cleansed out. Bears are cleansed out. Next week a new game begin. Here is someone who is bullish on the short term outlook …
September 30, 2023
TLC Weekly Update September 30, 2023
Third quarter end this year now being the worst quarter end on record for the major indices. However, the bulls are so high right now that their all important support zone is saved. Many of them loaded up on this “pullback” target looking for at least a retest of the year high. Even more interesting, …
September 23, 2023
TLC Weekly Update September 23, 2023
What a difference a day makes … Bulls thought that they have Friday in their pocket after two consecutive selloff days. However, they are not strong enough to fend off the selling in the afternoon. Now, they are facing the first bearish weekly close that can threaten more downside in coming two to three weeks. …
September 16, 2023
TLC Weekly Update September 16, 2023
Another extremely wild week ended for the stock market. Everyday it is as if something surprised the market and forced it to go in the opposite direction from the day before. By Friday close, it ended up closing somewhere near the close from the week before. Jeff Gundlach talks about the current economy just several …
September 9, 2023
TLC Weekly Update September 9, 2023
Next week is quarterly option expiration for stocks and stock market indices, it will be interesting to see how next week unfold due to another inside week was formed. I bet a very intense battle between the bulls and bears will start next week as majority of the professional traders come back from their summer …
