The market is forming an Ursa Minor pattern which denotes there will be a long buying period in the low for nearly half a year. That is why when TSLA and AMD dropped dramatically, the writer still told investor it is not the time to buy since January, now proved correct.
This week, DJIA and S&P rebounded above the 250-SMA, but NASDAQ still under. Focus should be on NASDAQ, for the rise of the market was generated by AI and chips during the past 2 and a half year.
When gold price continue to go up, it represents the market is in doubt of the policies of King Donald. He is a-changing every day. Now the focus is on April 2nd tariff, we have to read carefully what his ultimate target will be. Buyers need not to be in a hurry. It is no wrong to start buying now but the second buying should be done after April 2nd in order to lower the risk.
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.