FA
-South Korea warns the second wave of Covid-19 is possible.
cnbc.com/2020/05/11/coronavirus-live-updates-asia-europe.html
-Partial economy opening at worldwide level
-The jobless level might move even higher:
cnbc.com/2020/05/10/coronavirus-mnuchin-says-unemployment-will-rate-get-worse-before-they-get-better.html
-FED overnight REPO at 500 billion dollar pushes the stock higher.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
-FED treasury buyback decreases to 7 billion dollars per day this week vs 8 billion last week.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Tech stocks fever is not over yet. Expecting ATH before correction.
-US10Y is back to 0.7% signaling a capital movement from bonds to stocks.
-FED has started to buy ETFs
-Stocks are still speculatively bought and artificially inflated. Please be aware of this before making any long-term investments.
-P/E levels in tech stocks are over 50 levels (Overbought). This comes before the most devastating Q2 earnings. Corrections will take place soon.
TA
NDX is showing a bullish momentum potentially fill the gap at 9400
NDX is trading above the moving average (exponential): bullish.
Squeeze: neutral
RSI: higher-low: bullish.
Despite all of the bullish indicators, SPX can pull back after filling the gap. Please organize your trading strategies.
What is really making me worried is most of the big movements are in future contracts. (FED's doings).
Thank you and good luck.
-South Korea warns the second wave of Covid-19 is possible.
cnbc.com/2020/05/11/coronavirus-live-updates-asia-europe.html
-Partial economy opening at worldwide level
-The jobless level might move even higher:
cnbc.com/2020/05/10/coronavirus-mnuchin-says-unemployment-will-rate-get-worse-before-they-get-better.html
-FED overnight REPO at 500 billion dollar pushes the stock higher.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
-FED treasury buyback decreases to 7 billion dollars per day this week vs 8 billion last week.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Tech stocks fever is not over yet. Expecting ATH before correction.
-US10Y is back to 0.7% signaling a capital movement from bonds to stocks.
-FED has started to buy ETFs
-Stocks are still speculatively bought and artificially inflated. Please be aware of this before making any long-term investments.
-P/E levels in tech stocks are over 50 levels (Overbought). This comes before the most devastating Q2 earnings. Corrections will take place soon.
TA
NDX is showing a bullish momentum potentially fill the gap at 9400
NDX is trading above the moving average (exponential): bullish.
Squeeze: neutral
RSI: higher-low: bullish.
Despite all of the bullish indicators, SPX can pull back after filling the gap. Please organize your trading strategies.
What is really making me worried is most of the big movements are in future contracts. (FED's doings).
Thank you and good luck.
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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.