US stocks suffer worst week in a decade

US stocks suffered one of the worst weekly falls in a decade as trade tensions with China, interest rate rises and a possible government shutdown rattled markets. All three indexes closed lower, with the technology-focused Nasdaq down 20% since its peak, placing it in so-called “bear market” territory. The Dow Jones Industrial Average recorded its biggest weekly drop in percentage terms since 2008. The S&P 500 fell 7% for the week. It is the biggest weekly percentage drop since August 2011 while the Nasdaq’s 8.36% decline is the sharpest since November 2008. Read More @ https://www.bbc.com/news/business-46654064

WHAT IS PSEI & DOW TECHNICAL CHARTS SAYING?

Stocks enter final full week of the year on the brink of a bear market

  • Stocks are on the verge of a bear market and start the Christmas holiday week, usually a positive one, coming off one of the worst weeks in 10 years.
  • The Nasdaq was the first of the big three indexes to fall into a bear market, a 20 percent decline from highs, but the S&P and Dow are not far behind.
  • Trading activity is expected to be light in the coming week, though sentiment is likely to remain very negative, unusual for a week that is often positive. Read more @ https://www.cnbc.com/2018/12/21/stocks-on-brink-of-bear-market-.html

Be cautious if you are intending to buy mode; be patient for the market to make its correction before you get in again – member please do go to member section for trade ideas.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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