FA
-Moderna announced positive data for Cov-19 Vaccine. However, the numbers are still small (just like Gilead). Still, their next phase will have 600 people involve in vaccine trial.
businessinsider.com/moderna-coronavirus-vaccine-releases-first-human-trial-results-2020-5
-Oil Price went higher to $30 levels in hope of the Economy Opening. Also Oil contract for June will be expired soon, expecting a volatile movement.
-FED had an overnight pump on Sunday Night with $500 billion worth. More details below.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
-Housing data will be released tomorrow. Expecting to be bullish.
-Treasury auction is also tomorrow which is another factor to be consider.
tradingeconomics.com/calendar
Bottom line: There is still a lot of uncertainty and hype about the rally. Most of the gain happened during Post market/ Pre-market. It is really hard to predict the market movement at the moment with a lot of speculative purchases, and the market is not a free place anymore but more like a political tool. As for now, market will probably go side way til the rest of this month (FED is effectively maintaining the market at a certain level - 2750-2960)
-Tech stocks are mostly come back to ATH (QQQ)
TA
-1st: Volume is extremely low during market hour.
-RSI and Squeeze are in neutral
-SPX is trading above all EMA: Very bullish.
-Market will trade side way (very difficult to trade unless having experience in this type of market).
-Stay in cash is recommended.
Please let me know if I'm missing anything.
Good luck and thank you
-Moderna announced positive data for Cov-19 Vaccine. However, the numbers are still small (just like Gilead). Still, their next phase will have 600 people involve in vaccine trial.
businessinsider.com/moderna-coronavirus-vaccine-releases-first-human-trial-results-2020-5
-Oil Price went higher to $30 levels in hope of the Economy Opening. Also Oil contract for June will be expired soon, expecting a volatile movement.
-FED had an overnight pump on Sunday Night with $500 billion worth. More details below.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
-Housing data will be released tomorrow. Expecting to be bullish.
-Treasury auction is also tomorrow which is another factor to be consider.
tradingeconomics.com/calendar
Bottom line: There is still a lot of uncertainty and hype about the rally. Most of the gain happened during Post market/ Pre-market. It is really hard to predict the market movement at the moment with a lot of speculative purchases, and the market is not a free place anymore but more like a political tool. As for now, market will probably go side way til the rest of this month (FED is effectively maintaining the market at a certain level - 2750-2960)
-Tech stocks are mostly come back to ATH (QQQ)
TA
-1st: Volume is extremely low during market hour.
-RSI and Squeeze are in neutral
-SPX is trading above all EMA: Very bullish.
-Market will trade side way (very difficult to trade unless having experience in this type of market).
-Stay in cash is recommended.
Please let me know if I'm missing anything.
Good luck and thank you
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.