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.

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