Even statistics shown that in most of the time in May, stock market will fall, but I already said Buy in May instead of Sell in May. S&P just gone up above the year line of 250-SMA clearly, NASDAQ not yet but not so far away. DJIA follows closely. Of course this is a line with certain resistance and is believed to overcome soon. Simply because the Sino-US trade talk is in good expectation even both sides stood so firm in the past weeks, but still some progress can be seen. Just see whether you can observe the correct news.
This buying signal of going above the 250-SMA superseded all statistics in the past. Why we use chart analysis, people said simply it is part of statistics, and now we do not believe in statistics. No! Superficially, the basic concept of statistics is to find out what will occur most and let us follow the trend, but the highest class of statistics is to find out the exception, that is what seldom happened but will happen right now.
Follow the trend is basic statistics, finding the exception is the higher class of statistics.
Why I said investors can hold PLTR, TEM, SOFI and DXYZ until the landing of Mars, I have been talking this for nearly a month. Please listen to what Donald Trump said. He would cut all research program in NASA, and only concentrate on Landing of Mars.
His words come out too late, I already talked about the Landing of Mars one month ago when the market was in the very bottom. But if your target is in 2029 or 2030, you can still buy now and you will follow Warren Buffet who always get a profit of 500%, 1000% or 2000% who you can hold till your target reached. He has just announced retirement, so you can replace him now.
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.