Lawrence Chan's Blog, page 7
June 1, 2024
TLC Weekly Update June 1, 2024
A very interesting week of price actions for which the stock market trying to break out of the tight range it has been stuck in for weeks. A push to the upper boundary ended up with a sharp drop. Yet the lower boundary successfully defended itself last minute on Friday. So the fight continues until …
May 25, 2024
TLC Weekly Update May 25, 2024
Stock market closing strong right before this long weekend. Sentiments are going back to the most bullish level. And I saw many funny posts on X that the bears are killed by all kinds of transportations from racing cars to bullet trains. Will that suddenly change given Jupiter is no longer staying in Taurus as …
May 18, 2024
TLC Weekly Update May 18, 2024
Another new all-time-high for the stock markets this week made the bears mad. All the bulls are cheering and optimistic of the outlook. So is it clean sail to a lot higher? Well, here is my answer – 1973, 2008, 1987, 2 weeks Here is a new video from David Lin talking about the potential …
May 11, 2024
TLC Weekly Update May 11, 2024
Another week of stock market going higher magically with sentiment going back up to no fear level. Bears are now crushed and everyone is on board the “new all-time-high is coming” train. Would you want to get on board too? As I explained many years ago, majority of the financial market participants are delusional. Here …
May 4, 2024
TLC Weekly Update May 4, 2024
Another crazy non-farm payroll week ended with weekly close edged higher above the week before. Is it the start of a rally back to the all-time-high? I am not so sure about this because S&P is really trapped inside the range of the week before last. I see consolidation until one side find enough fuel …
April 27, 2024
TLC Weekly Update April 27, 2024
Earning week surprises hard swing the indices multiple times all week. What will happen next? The most important event seems to be FOMC announcement coming Wednesday. So we can expect quite Monday and Tuesday then. By Wednesday, the real fun begins. I came across this short video that fully illustrate how useless the “nutrition facts” …
April 20, 2024
TLC Weekly Update April 20, 2024
After many weeks of continuous buying by the retail traders, the stock market finally cracked, just a little, last week. Could this be the start of a more serious decline? Could be. All depends on those people who are in control of the game. Well, I warned last week with a roller coaster picture, isn’t …
April 13, 2024
TLC Weekly Update April 13, 2024
A wild week for the stock market ended lower a little only but hidden behind was 2% swings intraday everyday. I am not sure how this uptick in volatility will play out next week but as long as intraday volatility finally come back, we will have better day trading opportunities. A great video with doomberg …
April 6, 2024
TLC Weekly Update April 6, 2024
A trigger event this week took S&P down about 100 points on Thursday and then on Friday, we got a bounce that recovered most of the losses. Is it the start of the long awaited “pullback” for the stock market? I don’t know. It is fun to watch though as the bull and bear bots …
March 30, 2024
TLC Weekly Update March 30, 2024
Good Friday holiday turned last Thursday into end of month trading day. Of course, given the stock market being so bullish, it is hard for the indices to go lower much before the late bulls all jumping in while the frustrated bears forced to give up their shorts once again. It is not an unexpected …
