Fear of Uncertainty
Uncertainty creates fear because we do not know what to expect ahead.
Do you ever wonder why there are uncertainties in life? Most of it is actually caused by unpreparedness. We are not prepared and as a result we fear of the uncertainty that lies ahead. One good example is during bad economic times like this, many people are made redundant in their job. Once that happens, they fear about their livelihood and their family because of financial instability due to loss of income. As such things can happen to anyone anytime, should they have been more prepared like saving for the rainy day, they would have more security to withstand the problem for a couple of months more until they find a new job.
In trading, there are also uncertainties of where the stock price will move. But do we fear it and stop trading? Not really because most traders would equip themselves better to face these uncertainties, whether by looking at technical analysis or using strategies that will reduce risk and increase win probabilities.
So the “Fear of Uncertainty” is nothing more than being unprepared to face the uncertainty. So if we are prepared, we could face any uncertainties ahead with higher confidence.
""In the face of uncertainty, preparedness becomes our fortress, shielding us from fear's grip and empowering us to conquer the uncharted territories of life.""
SPX (4348)
Market fatigue after after 5 green weeks. Although retracement is only 1.3% (61 points) it gives the market a little breather and reduce the highly overbought situation.
Although SPX has declined for the week, VIX continue to slide down closing at 13.4 which is not a normal sight. The market is still too contented and overall continue to have a huge bullish view.
As SPX has broken down below 4400, it could be possible for it to continue going down this week to 4325 forming support.
The trading range for the week is between 4325 and 4400.
NDX (14891)
More downside movement would make the market healthier. Although NDX closed lower last week by 192 poings (1.3%) only. I would not give high hopes for an extreme dip as VIX sure is not giving any such signals.
Lets see if a pullback continue this week. Possible support level at 13720.
The trading range for the week is between 14700 and 15250.
HANG SENG INDEX (18889)
It’s not happening. HSI closed down 5.7% (1150).
Relook at 18,000 level if it holds now. Let’s hope it don’t break down but if it does, it’s going to be bad…
TRADERS TALK
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DISCLOSURES
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options: https://www.theocc.com/components/docs/riskstoc.pdf
MYstyework is an Online Financial Literacy Educator and materials provided is solely by MYstylework and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, transaction or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds invested. MYstylework, through its contents, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. MYstylework is not in the business of transacting securities trades or an investment adviser.