FA
+ COVID-19 is preparing to has its peak. However, the question is: Will the US medical supplies and workforce are sufficient to combat COVID-19 in the next few days?
+ Small business loans are not ready.
+ Stimulus check portal is not opened yet (at least 3 weeks delay to receive the money)
+ Upcoming unemployment is expected to be at 14 million (11-14% unemployment rate)
+ Weekly unemployment claims will be released on Thursday (04/09/2020)
+ Fed and US Treasury will have separate conferences tomorrow (04/08/2020)
+ Oil news (04/09/2020).
+ Earnings are being released. EPS is expected to drop by 74%.
+ Fed has already pumped 1.5 trillion dollars. Next, 500 billion dollars will be pumped on Thursday. Please be careful on this day.
TA
+ Buying upside is now riskier than the downside. 5% up vs 10% down at least.
+ RSI is favoring the downtrend.
+ Squeeze momentum is indicating a drop.
Good luck.
+ COVID-19 is preparing to has its peak. However, the question is: Will the US medical supplies and workforce are sufficient to combat COVID-19 in the next few days?
+ Small business loans are not ready.
+ Stimulus check portal is not opened yet (at least 3 weeks delay to receive the money)
+ Upcoming unemployment is expected to be at 14 million (11-14% unemployment rate)
+ Weekly unemployment claims will be released on Thursday (04/09/2020)
+ Fed and US Treasury will have separate conferences tomorrow (04/08/2020)
+ Oil news (04/09/2020).
+ Earnings are being released. EPS is expected to drop by 74%.
+ Fed has already pumped 1.5 trillion dollars. Next, 500 billion dollars will be pumped on Thursday. Please be careful on this day.
TA
+ Buying upside is now riskier than the downside. 5% up vs 10% down at least.
+ RSI is favoring the downtrend.
+ Squeeze momentum is indicating a 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.