HKEX

Market opening to drop after the huge gap up yesterday in the late trading hours. Trade careful and cautious for sudden movement. Might be caused by sudden factors despite the US election just over. Not financial advice.

🌍 My Market Take

🛢️ Oil falling 8.67% to US$94.62 is significant. Hopes of Middle East peace could reduce inflationary pressure and benefit consumers.

🥇 Gold rising 3% shows investors are still looking for safe-haven assets. A weaker US dollar is also providing support.

📊 Friday will be important, with OCBC and HKEX earnings, alongside the US October jobs report. I will be watching OCBC’s earnings, dividend outlook and the US employment data for clues about the Fed’s next move.

🐶 My strategy is to stay selective, keep some cash ready and avoid chasing market rallies. Patience creates opportunities! 🙏

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@Captain Leo

Mid term election in the USA. The results of the USA Mid Term election already showed that Iran is a big big winner, are you agree ?

The selling in AI tech names shows what fear can do in high-beta names. AI spending is going to continue. And the market will realise this.

Tech is on sale. Literally! Nothing much has changed fundamentally IMO. This is what sentiment-driven selling looks like.

The US stock market rockets due to certainty but it’s coming down again as the macro fundamentals have not changed, and not sure what actions the political parties will try after holding congress.

As I have shared before, history shows the US market tends to rally after midterm elections and that pattern has played out again this time.

The numbers don’t lie 😁.

Looking ahead though, I think trading cryptocurrencies like Bitcoin and Ethereum could get much tougher. The incoming Congress appears less friendly toward crypto overall.

That will be a likely headwind for the sector.

Results came out as expected. Now it’s time to reverse and go for a bull market! Been a volatile period for long 😂

Lots of action everywhere. Fun times for traders but volatile times for long term holders. Hopefully markets find some stability soon.

No matter the market goes up or down , hope the Democratic win and stop all the war ! Bring peace and price down .