Lawrence Chan's Blog, page 9
January 20, 2024
TLC Weekly Update January 20, 2024
US stock market finally made it to new all-time-high on Friday after multiple attempts at clearing the resistance zone. All those bears who thought we are going to get a major double top are now forced to give up. So how high will it go? I have no idea. But remember this – the large …
January 14, 2024
TLC Weekly Update January 14, 2024
Second week of January managed to recover all losses made in the first week for the US stock market. Sentiment survey also posted the fourth week of very bullish sentiment. Can this keep going and force a breakout to the upside this week? Hard to say when the whole stock market has transformed into meme …
January 7, 2024
TLC Weekly Update January 7, 2024
I could not write my weekly post yesterday thanks to equipment failure here. Luckily I always have spare devices around to take care of such situation. It took some time to figure out which part of the network infrastructure failed and then replacing that with the spare device. And there goes my Saturday plans … …
December 30, 2023
TLC Weekly Update December 30, 2023
Last trading week of the year and no new all-time-high for S&P500 as many bulls proclaimed. It can go higher next week but definitely not before 2023 ended. There is a reason for that and it is all part of the hidden order in price discovery. Next year 2024 will be one hell of a …
December 23, 2023
TLC Weekly Update Dec 23, 2023
Another win for the stock market this week while the bears who thought that the sudden flush on Wednesday was the cue to a crash. Put it lightly, they are very disappointed by Friday. However, several big name gurus warned that 2024 can be the year of hard landing and other unpleasant outcomes in the …
December 16, 2023
TLC Weekly Update December 16, 2023
Option expiration week with S&P500 edged out higher for yet another week. Bears are now questioning themselves and bulls are all gung ho for a rally into the year end. Given the punishment mechanism of the market, my guess is a pullback is due or that world war 3 will start this weekend to ruin …
December 9, 2023
TLC Weekly Update December 9, 2023
Another boring week in the stock market ended with a ramp up on Friday. Bears crying foul wondering why the market is not dropping. One has to wonder why they have no common sense at all? Everyone in the financial industry are enjoying their department parties one after another. For those who know they are …
December 2, 2023
TLC Weekly Update December 2, 2023
Another week of bull bear fight in the stock market resulting in another successful defense of weekly support. Bears are very frustrated and drawing all kinds of lines projecting from a steep pullback to an outright crash. Bulls are laughing to the bank and poke fun at the bears. So classic – holiday mode trading …
November 25, 2023
TLC Weekly Update November 25, 2023
Another week of climbing the wall of bad news is good news for the stock market. At this point the wounded bears who refused to accept the fact that the stock market is just a fu#ckery should really wake up to this reality. There is no need to have long term opinions about the market …
November 19, 2023
TLC Weekly Update November 19, 2023
Third week of more gain for the stock market makes the bears angry. Well, can’t blame them. The 5-stages of grief take time to complete. In the mean time, the bulls are so excited that I see on youtube and X that many of them are bragging non-stop already. What’s the point to brag? In …
