SPY - DAY TRADE
Hi, today we are going to talk about SPY and its current landscape.
After Vice Premier Liu He, had put a good word for the Trade Deal last weekend, Presidente Donald Trump today has reinforced the Chineses Vice Premier statement, that a "phase one" deal its set to be signed next month in Chile, and that the general talks around the trade deal are making substantial progress, also that China has already started the purchase of American agriculture products. These statements are vague in present solid and clear signs of real progress for the end of the Trade War, but until it's become clear, those declarations are poised to bring optimism for the market until it doesn't work anymore due to the notion that the negotiations progress are stalled.
The earning season still rolling out as companies report mixed results, the sectorized earning seems to off the table this time, since investors have been balancing the reports as a thermometer of the Trade War impact between U.S and China, over the U.S economy, general positive, surprising earnings should act as bullish force on the market, however disappointing reports from key companies of the market (those that have more weight on the index composition) can pressure the market to a downside. On the economic data front, we must keep an eye out for the Existing Home Sales data, that is going to be reported in the next hour.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
After Vice Premier Liu He, had put a good word for the Trade Deal last weekend, Presidente Donald Trump today has reinforced the Chineses Vice Premier statement, that a "phase one" deal its set to be signed next month in Chile, and that the general talks around the trade deal are making substantial progress, also that China has already started the purchase of American agriculture products. These statements are vague in present solid and clear signs of real progress for the end of the Trade War, but until it's become clear, those declarations are poised to bring optimism for the market until it doesn't work anymore due to the notion that the negotiations progress are stalled.
The earning season still rolling out as companies report mixed results, the sectorized earning seems to off the table this time, since investors have been balancing the reports as a thermometer of the Trade War impact between U.S and China, over the U.S economy, general positive, surprising earnings should act as bullish force on the market, however disappointing reports from key companies of the market (those that have more weight on the index composition) can pressure the market to a downside. On the economic data front, we must keep an eye out for the Existing Home Sales data, that is going to be reported in the next hour.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Disclaimer
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