Lawrence Chan's Blog, page 8
March 23, 2024
TLC Weekly Update March 23, 2024
Post-FOMC rally sent the stock markets to another new all-time-high before pulling back into Friday close. Bears are crying and bulls are celebrating while the retail investors are going all-in at the highest level ever recorded in history. A short clip on Douglas Murray commented on what Yuval Harari said. I agree with Murray on …
March 16, 2024
TLC Weekly Update March 16, 2024
Quarterly options, index options, index future, index future options all went through expiration Friday and not much happened again. Somehow all attempts to go just a little lower for the broad market always met with one of the big techs going higher like a penny stock to offset all the losses from the other 99% …
March 9, 2024
TLC Weekly Update March 9, 2024
Once again, non-farm payroll week did not disappoint – going higher into Friday morning and caught the bears by surprise. After Friday open, however, NVidia dropped 10% from the newly minted all-time-high in the morning. That dragged the indices lower into close. Could this be the start of a normal pullback over the next few …
March 2, 2024
TLC Weekly Update March 2, 2024
Second month of 2024 bought us to another new all-time-high in the US stock market. Many people keep asking what can bring the market down? These people are asking this question from several camps of thoughts. One being the perma bear camp that are angry why the stock markets are not crashing. Well, the overall …
February 24, 2024
TLC Weekly Update February 24, 2024
February is almost over and we are seeing another all time high with the stock market indices thanks to the strong earning report from NVidia. I even get multiple messages from non-active market participants asking for opinions about the stock market and what is going on with NVidia. This is kind of interesting because it …
February 17, 2024
TLC Weekly Update February 17, 2024
Option expiration Friday stuck in range after another economic data came out stronger than expected. Obviously, it is not enough to cause any serious damage to the indices. Again, without some sort of event triggering fear, the animal spirit of the bulls will keep the stock market from dropping much. Interesting discussion about bitcoin on …
February 10, 2024
TLC Weekly Update February 10, 2024
Another week of S&P500 edging out a new high again but this time without Dow Jones Industrial Average doing the same. So where are we heading from here, you may ask. My guess is that FOMO is in full force now, so every small dip will be bought and when we run out of buyers, …
February 3, 2024
TLC Weekly Update February 3, 2024
Another Non-Farm Payroll week ended to close at all time high for the S&P500. Now that the stock market has gone straight up for many weeks, a correction is due. However, the bears are still very loud proclaiming a crash is coming. Maybe, they must be crushed into hiding first. As usual I have no …
January 27, 2024
TLC Weekly Update January 27, 2024
Another week the US stock market closing higher and it looks like January will close positively by next week if FOMC does not want to ruin the bull party. But who knows. Given the geopolitical mess we are seeing everywhere … we just don’t know when and where a shock may happen to upset the …
January 22, 2024
My Predictions of this Pluto in Aquarius Era Starting 2024
While I am waiting for my team to restore our servers thanks to some hackers trashed them over the weekend, I have some time on hand and I think I must write this piece to explain what it really means, given my background in Chinese astrology. I think many astrologers on the internet misinterpret the …
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