U.S. stocks closed sharply higher Tuesday after a volatile session that restored about half of the losses seen Monday when stocks saw the biggest one day fall since the 2008 financial crisis. Tuesday’s rebound was partly fueled by a White House push to persuade Congress to agree to a fiscal stimulus package that may include a payroll tax cut to mitigate the economic impact of the COVID-19 epidemic. The Dow Jones shot up near +1200 points and stocks were moving north. However the futures is now down -547 where the market is unclear of the direction again. The Top 30 Volume stocks were all simmering except the 3 bank moving up earlier in the morning and then also followed the broad market simmering.
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My student locked in his profits for DBS at 9:17am near peak at 21.73 and DBS soon came down. 2 other banks followed and most stocks like Capitland, Keppel Corp, AEM all followed the selling too. Timing is crucial to re-enter and make $$ again as the market volatility persist. Cognrats to him and watching the market for good signals again!
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Ronald K - Market Psychologist - A Stock Market Opportunist
