Hello, there! How are you all??
6 days ago, I posted my introduction. I wasn't expecting that many support and I really really REALLY appreciate that many of your kind welcome! I want to say Thank you to All of You!
My purpose here is not to become famous or to make a lot of money. I just genuinely like the idea of Steemit being the fusion of cryptocurrency and social network. I see huge potential and opportunity, much bigger than falling social network, like Facebook for instance. I want to be part of it by posting a blog and by investing in Steem long-term(of course with tiny portion of my portfolio) :P
But what I really want to talk about is market...
It has been a while since I saw NASDAQ and S&P500 down this much, and Dow is up...
The move makes you kind of feel little strange with no particular bad news, but tech sector was rallying so much so it is not entirely weird considering the valuation. We would know if that was non-event or something in next few trading days I suppose. It is very concerning that VIX is in historical low though. Feel like The time to short US market is close, but short-term, PPT is the boss :(
I am not buying US market so I would just see what happens ;P
One another big movement is happening in Gold...
I am super bullish about Gold this year because of history, and it looks to me, Gold market is behaving exactly the same pattern before last rate hikes. In other words, people seems to dumping Gold before the rate hike just like before!
It is going to be the sell the rumors buy the fact AGAIN, hopefully ;P
I say this correction is a very good buying opportunity especially with 25MA, 50MA as supports.
But my experience tells me that I should wait till it goes below 1255, then buy.
Either way buying opportunity in GOLD market next few weeks.
Oil market is doing it again.
I am loading up on Crude oil just this week. Everyone knew that OPEC deal doesn't work in the first place! that US or other countries are just going to produce more oil, filling up the cuts. But we all know one more thing, that some algorithm or maybe OPEC itself has a way to manipulate oil prices. Don't believe me? We'll just have to see ;P
When the News about Saudi and Qatar mess was reported, oil price did not really moved which is encouraging as well.
By the way Bitcoin is flying, this massive rally started after the Japanese government deregulation. If so, bitcoin has more upside as other countries starts to deregulate?
I still don't own bitcoin, missed the train...
Do not be too hasty, just calmly wait for the opportunity is the best thing I could do for now ;P
And one last thing, Nikkei broke above 20000!! Good news!!
Sadly, Japan's basic wage rose just 0.4% in April(better than -0.3% in March at least)...
Seriously who believes in Abenomics?
NO ONE!
Oh wait, maybe government employee :(
For those who watches market, trader, investor, speculator, spectator, what do you think of the market?
I want to know your thoughts! Please leave a comment to discuss and teach me stuff!
Hope my English is OK...lol
Wish you all the best!