Weekly Market Update for this coming week 11th Jan 2021 - 15th Jan 2021.

Welcome back to my Weekly Market Update - New Year New Start with Trillions of dollars relief package from Biden.

Last Friday, all three major indexes (DJI, S&P, NASDAQ) overcome the poor economy Non-Farm payroll data and closed at the positive end after U.S. President-elect Joe Biden said his economic package will be in the trillions of dollars.
Nonfarm payrolls fell by 140,000 in December against the consensus estimate for a 50,000 gain. It was the first monthly drop since April 2020.
However the market did not set back due to this bad news but it give a stronger reason to make the stimulus checks more likely.

There is a say in Chinese "新官上任三把火". It is a metaphor that the newly appointed official must do a few influential things first to show his talent and courage.
Joe Biden will be taking over the office on 20 Jan and the package will be unveiled next Thursday, said Biden.
Besides, Biden and Democrats, who failed in their efforts to push through another multitrillion-dollar relief measure before the November election,
have a much higher chance of achieving their priorities after victories in Tuesday’s Senate runoffs in Georgia gave the party a trifecta in Washington.

Besides, the market seem to be immune from Covid-19 negative news even with the spike of cases.
It is sad to say that the higher the Covid-19 cases, the higher the chances for a bigger dollar stimulus package to go through.
https://www.channelnewsasia.com/news/world/us-endures-covid-19-deadliest-day-overshadowed-capitol-protest-13916190

Lastly, Congratulation to people who follow my last weekly market update in 2020 and took their initiation to comment or PM me "Secret Solar" to receive the counter which went as high as 30% ROI within 3 week since last Friday.
Continue to hold and ride on it.

Review Charts:

ARRY (Secret Counter) - Went as high as 30% within 3week. Continue to hold.
USOIL - Hit my 2nd TP and closed above $52 (Congrats if you hold on to it)
GOLD - Support level 1750-1800 (Not a good sign if break below)
US Dollar (DXY) - Reached support area. Shall wait for Stimulus package to see whether will it break below $88. Otherwise might see rebound from here.
RVLV - Inverse H&S Completed. Position Closed. 47% profit.
TIGR - Cup & Handle Completed. Position closed at $10. Close to 80% profit. Good Volume break out. Will look for next entry points
Sunrun - Mentioned in public telegram on 3rd Jan. Congrats if you manage to enter.
WBA - Shared on 13th Dec. Almost hit my first TP @ $47. Will continue to hold. Good Chart (Leech on Vaccine Storage)
YZJ(SGX) - Congrats if you enter. Long term. Manage your risk
Singtel(SGX) - On the way to $2.50. Long Term. Manage your risk
XOM - Continue to hold if you enter based on my telegram on 1st Dec 2020
LU - Good stock to watchlist. Break below $13 will turn bearish
PFE - Retrace back to previous resistance.

Risky Watchlist

ACB/CRON - Weekly Candle closed with decent good volume. Watch out on cannabis sector
Sembcorp Marine (S51) - Ultra penny counter. Volume came in.
NIKOLA - High Risk. FOMO investors might come in game.

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Видео Weekly Market Update for this coming week 11th Jan 2021 - 15th Jan 2021. канала Probability TA