FA
- 6 reasons why we will have another big drop.
markets.businessinsider.com/news/stocks/stock-market-outlook-6-reasons-for-more-selling-goldman-sachs-2020-5-1029188273
-Trump was furious when it comes to Covid-19 cases => causing worries for people
cnbc.com/2020/05/11/coronavirus-trump-ends-press-conference-after-reporters-challenge-him-on-testing.html
-FED won't take many actions tomorrow, according to their schedule.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Chinese inflation data missed expectation
cnbc.com/2020/05/12/asia-markets-china-inflation-data-coronavirus-currencies-in-focus.html
-The oil contract will be renewed next week. Keep in mind the numbers will be really bad.
-US10Y barely holds 0.7% yield. People still buy bonds as a safe investment.
-Tech stocks have been bullish for 6 days straight. Time for correction.
-Tech stocks are overvalued. These companies are having a lot of capital from stocks.
TA
-RSI is showing lower- high: bearish
-NDX is still trading above moving average: bullish
-Squeeze indicator is heading south: bearish
-Gap has not been filled on NASDAQ, however, a pullback is expected
-Next target 9100 then a bounce.
-Volume is low: fewer buyers.
Bottom line: small bounce after the market open, then a drop in midday (Same pattern for the last two weeks).
However, please don't yolo on puts/short positions.
Good luck and have fun.
- 6 reasons why we will have another big drop.
markets.businessinsider.com/news/stocks/stock-market-outlook-6-reasons-for-more-selling-goldman-sachs-2020-5-1029188273
-Trump was furious when it comes to Covid-19 cases => causing worries for people
cnbc.com/2020/05/11/coronavirus-trump-ends-press-conference-after-reporters-challenge-him-on-testing.html
-FED won't take many actions tomorrow, according to their schedule.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Chinese inflation data missed expectation
cnbc.com/2020/05/12/asia-markets-china-inflation-data-coronavirus-currencies-in-focus.html
-The oil contract will be renewed next week. Keep in mind the numbers will be really bad.
-US10Y barely holds 0.7% yield. People still buy bonds as a safe investment.
-Tech stocks have been bullish for 6 days straight. Time for correction.
-Tech stocks are overvalued. These companies are having a lot of capital from stocks.
TA
-RSI is showing lower- high: bearish
-NDX is still trading above moving average: bullish
-Squeeze indicator is heading south: bearish
-Gap has not been filled on NASDAQ, however, a pullback is expected
-Next target 9100 then a bounce.
-Volume is low: fewer buyers.
Bottom line: small bounce after the market open, then a drop in midday (Same pattern for the last two weeks).
However, please don't yolo on puts/short positions.
Good luck and have fun.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.