Tomorrow will be an extremely volatile day.
Pre-market is already down 4.22%
This is a good opportunities to jump in short positions. Why?
+Unemployment data will be release this week and it won't be pretty.
+Trump's package might be delay due to disagreement with Democrats.
+Fed will continue to pump in $500 billions in mortgages/private securities.
Technical: Stocks will make a drop then a bounce during pre-market and midday. Best time to short is midday. We don't see a bottom in this current market.
However, please keep in mind that the oil price may go up 15% tomorrow. This could push the stock price higher (temporary). Don't use all Buying Power to short.
Good luck
Pre-market is already down 4.22%
This is a good opportunities to jump in short positions. Why?
+Unemployment data will be release this week and it won't be pretty.
+Trump's package might be delay due to disagreement with Democrats.
+Fed will continue to pump in $500 billions in mortgages/private securities.
Technical: Stocks will make a drop then a bounce during pre-market and midday. Best time to short is midday. We don't see a bottom in this current market.
However, please keep in mind that the oil price may go up 15% tomorrow. This could push the stock price higher (temporary). Don't use all Buying Power to short.
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.