- 07
- May
This Stock Market Hours Report is brought to you by Jason Ng, Founder, Master ‘O’ Equity
Two days into the week and the Dow has done nothing more than moving sideways. These sideways days have brought the Dow slightly down from being overbought as the possibility of a significant breakout of the 13000 level builds up. Tomorrow’s housing data is going to be the center of attention and a positive number might be the catalyst the market needs to continue this rally.
The Dow displayed tremendous resilience today in the face of higher oil prices. Uncertainty prevails as long as oil prices remains high but as Star Traders, we can be sure of consistent profit as long as we stick to the rules and trade only the qualified signals. Yes, trading only the qualified signals can be a challenge for some impatient traders who ends up hurting themselves. This is why one objective of this course is to develop your trading patience and discipline, which are core ingredients for your long term trading success.
Thought For The Day : “Patience and discipline are the hallmarks of every successful trader.”
