What it should have been

What it should have been...

First, I would like to make a correction on the past 2 entries. The opening values of the 1st and 2nd of April, that I have stated on those days, may not be accurate. Reading the 3-month candlesticks on Yahoo Finance reveals that the candle bodies are longer than I quoted. This is due to the lower opening values. I am puzzled why the "Open" value is quoted as such. Anyway, just to share with everyone to be more careful when reading such open-source statistics.

Another weird thing about Yahoo Finance is its "Index Value" and "Trading Time". These 2 may correspond to each other but they don't correspond to the actual day. Please be careful.

Now for the analysis of today...

The market showed strong gains on Thursday, going up by 46.94 points in a choppy session. Nonetheless, there seems to be promise of the market going higher these few days.

Considering the oversight I made on the opening values earlier, the outlook, in the short run of the next few trading days, is not as bleak as previously expected. However, in the longer run of the next 2 months or so, I am still with the Bears. The basis for this is that, on the fundamental front, more businesses are less confident of meeting their targets this year. This translates into a less favourable market sentiment. Moreover, the likelihood of the US declaring a recession due to 2 consecutive periods of negative growth remains probable. This may further lower expectations.

One can proceed with "stop-loss" measures in the coming days. Trigger them when the roller coaster starts to tip over. However, don't forget to keep watch of your "stop-loss" targets and move them incrementally to maximise gains. Going into cash is safer for the moment despite rising consumer prices.