The origin of Chinese New Year is itself centuries old and gains significance because of several myths and traditions. People celebrate the Chinese New Year. Chinese New Year is celebrated in China and in countries and territories with significant Chinese populations, including Hong Kong, Macau, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Mauritius, Philippines, and also in Chinatowns elsewhere. Chinese New Year is considered a major holiday for the Chinese and has had influence on the lunar new year celebrations of its geographic neighbors.
Within China, regional customs and traditions concerning the celebration of the Chinese new year vary widely. People will pour out their money to buy presents, decoration, material, food, and clothing. It is also traditional for every family to thoroughly cleanse the house, in order to sweep away any ill-fortune and to make way for good incoming luck. Windows and doors will be decorated with red colour paper-cuts and couplets with popular themes of "good fortune" or "happiness", "wealth", and "longevity." The evening preceding Chinese New Year's Day is an occasion for Chinese families to gather for the annual reunion dinner. Activities include lighting firecrackers, wishing relatives a happy new year, and giving money in red paper envelopes.
Forex
Back to our analysis, the Euro has given up on bulls and bears has taken over after last week of rally. Aud/usd will continue to show weakness.
US stocks
The Dow Jones Index continues to consolidate. Waiting for a breakout?
Amgen went back up and consolidates.
Alcoa continues to consolidate. This is a very good potential investment as the risk reward is very good.
Wells Fargo may still consolidate.
Google. Forgotten to eyeball this stock and it soared to a new high.
Singapore stocks
Congrats to those who bought Genting SP. That was a good rally.
Wilmar. Put it in your radar and wait for that signal to long.
Yanlord looking for a good long.
WISH ALL A HAPPY CHINESE NEW YEAR!
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