FA
-FED is going to pump 500 billion (part of the repo plan) as a short-term note tomorrow. Also, FED is going to buy 8 billion worth of Treasury note.
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
-Job data will be released tomorrow. Approximately, 20 million job losses will be reported.
-More trading data here:
tradingeconomics.com/calendar
-The UK keeps rates at 0%.
-Plunge Protection Team is manipulating the market, they are trying to buy future contracts, especially best 500 performers in SPX and NASDAQ. More information about PPT here
investopedia.com/terms/p/plunge-protection-team.asp
-Meat processing plants will cause a shortage of meat supply in the near future. Scarcity will push the price higher.
-Zombie corporations are on the way, starting with WeWork.
-Most of Tech companies are still on speculative buying. Gain 1%-15% respectively during market hours. P/E ratio is showing a bubble (extreme overvalue).
TA
Short squeeze will continue and keep the market bullish.
RSI is having higher-low: bullish.
NDX is still being rejected from a long-term bullish trend. Temporary rally below the trend as the result, expecting correction during market hours.
Volume is getting lower during this phase.
Target: 9150
Day low: 9000
Bottom line: I will sell my long positions tomorrow. Waiting for a reversal for more short positions.
Good luck and Thank you.
-FED is going to pump 500 billion (part of the repo plan) as a short-term note tomorrow. Also, FED is going to buy 8 billion worth of Treasury note.
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
-Job data will be released tomorrow. Approximately, 20 million job losses will be reported.
-More trading data here:
tradingeconomics.com/calendar
-The UK keeps rates at 0%.
-Plunge Protection Team is manipulating the market, they are trying to buy future contracts, especially best 500 performers in SPX and NASDAQ. More information about PPT here
investopedia.com/terms/p/plunge-protection-team.asp
-Meat processing plants will cause a shortage of meat supply in the near future. Scarcity will push the price higher.
-Zombie corporations are on the way, starting with WeWork.
-Most of Tech companies are still on speculative buying. Gain 1%-15% respectively during market hours. P/E ratio is showing a bubble (extreme overvalue).
TA
Short squeeze will continue and keep the market bullish.
RSI is having higher-low: bullish.
NDX is still being rejected from a long-term bullish trend. Temporary rally below the trend as the result, expecting correction during market hours.
Volume is getting lower during this phase.
Target: 9150
Day low: 9000
Bottom line: I will sell my long positions tomorrow. Waiting for a reversal for more short positions.
Good luck and Thank you.
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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.