FA
-US Treasury is seeking a $3 trillion loan. If this order is filled, US total national debt is 30 trillion dollars.
-FED lowered their securities buyback
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
-California will open its economy by the end of the week. That includes clothing stores, florists, bookstores, sporting goods stores, all with curbside pick-up. However, dining in, office works, mall shopping won't be back anytime soon.
-Commercial rental is taking a hit with few tenants, especially the mall area. You can walk to the closest mall to confirm.
-Interesting Economic research is raising a red flag on the US economy and global:
gnseconomics.com/2020/05/04/the-economic-end-scenarios-of-the-covid-19-pandemic/
-Monday's rally led by big tech companies; people see them as a safe heaven. (Psychology)
TA
-Looking for a small rally to 2880 level in the open then a drop.
-Target bottom for tomorrow: 2790
-RSI is showing an upward trend.
-SPX future is showing a small solid rally.
-Volume flat or a little drop.
Good luck.
-US Treasury is seeking a $3 trillion loan. If this order is filled, US total national debt is 30 trillion dollars.
-FED lowered their securities buyback
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
-California will open its economy by the end of the week. That includes clothing stores, florists, bookstores, sporting goods stores, all with curbside pick-up. However, dining in, office works, mall shopping won't be back anytime soon.
-Commercial rental is taking a hit with few tenants, especially the mall area. You can walk to the closest mall to confirm.
-Interesting Economic research is raising a red flag on the US economy and global:
gnseconomics.com/2020/05/04/the-economic-end-scenarios-of-the-covid-19-pandemic/
-Monday's rally led by big tech companies; people see them as a safe heaven. (Psychology)
TA
-Looking for a small rally to 2880 level in the open then a drop.
-Target bottom for tomorrow: 2790
-RSI is showing an upward trend.
-SPX future is showing a small solid rally.
-Volume flat or a little drop.
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.