FA
-Gilead Science will release their drug this week:
cnbc.com/2020/05/03/gilead-ceo-says-remdesivir-available-to-coronavirus-patients-this-week-weve-donated-the-entire-supply.html
-FED Repo will start to slow down in May:
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
-FED securities buy back 8 billion dollars per day vs 50 to 75 billion dollars back in March
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Coronavirus cases have not been flattened yet before reopening on May 1st.
worldometers.info/coronavirus/country/us/
-Businesses are opened but only 25% - 50% capacity, which means the employment number won't return 100%.
-Round 2 of stimulus relief is still on debate.
-Earnings this week: twitter.com/eWhispers/status/1256568625017892864?ref_src=twsrc^google|twcamp^serp|twgr^tweet.
Most of them will see a decline in revenue, excluding PayPal, Chegg...
-US debt now 27 trillion dollars vs Asset ~4 trillion dollars
fiscal.treasury.gov/reports-statements/financial-report/balance-sheets.html
TA
-RSI moving down in daily chart: bearish
-NASDAQ is showing a reversal after reaching 0.618 Fibonacci.
-Squeeze momentum is showing a decrease.
-Next target: NDX 8000
-Bottom line: Short every bounce this week.
Good luck and Thank you.
-Gilead Science will release their drug this week:
cnbc.com/2020/05/03/gilead-ceo-says-remdesivir-available-to-coronavirus-patients-this-week-weve-donated-the-entire-supply.html
-FED Repo will start to slow down in May:
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
-FED securities buy back 8 billion dollars per day vs 50 to 75 billion dollars back in March
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Coronavirus cases have not been flattened yet before reopening on May 1st.
worldometers.info/coronavirus/country/us/
-Businesses are opened but only 25% - 50% capacity, which means the employment number won't return 100%.
-Round 2 of stimulus relief is still on debate.
-Earnings this week: twitter.com/eWhispers/status/1256568625017892864?ref_src=twsrc^google|twcamp^serp|twgr^tweet.
Most of them will see a decline in revenue, excluding PayPal, Chegg...
-US debt now 27 trillion dollars vs Asset ~4 trillion dollars
fiscal.treasury.gov/reports-statements/financial-report/balance-sheets.html
TA
-RSI moving down in daily chart: bearish
-NASDAQ is showing a reversal after reaching 0.618 Fibonacci.
-Squeeze momentum is showing a decrease.
-Next target: NDX 8000
-Bottom line: Short every bounce this week.
Good luck and Thank you.
Note
Please let me know if I missed anything.
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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.