Member
Posted 08 May 2019 - 10:41 AM
In terms of the TRADE DEAL, the outcome this week will be BULLISH. They will settle for a few minor agreements on some issues and then say they will meet again; Trump will shelve the tariffs but threaten to implement them if no further progress.
Above does not necessarily mean the markets will be bullish but there is a higher probability it will be.
If something bearish comes up, then look for SPX 2800 by Friday.
But it appears as if there is a ST bottom in place, for now
Member
Posted 08 May 2019 - 10:52 AM
Throw out TA and FA, it is only TRADE WAR and politics, another factor influencing market is this:
And down: CHINA SAYS IT MAY TAKE COUNTERMEASURES ON U.S. TARIFF MOVE
https://edition.cnn....port/index.html
Member
Posted 08 May 2019 - 12:21 PM
In terms of the TRADE DEAL, the outcome this week will be BULLISH. They will settle for a few minor agreements on some issues and then say they will meet again; Trump will shelve the tariffs but threaten to implement them if no further progress.
Above does not necessarily mean the markets will be bullish but there is a higher probability it will be.
If something bearish comes up, then look for SPX 2800 by Friday.
But it appears as if there is a ST bottom in place, for now
I have found that just because something seems obvious and probable does not necessarily mean it will happen.
Trump is getting close to the point that kicking the can down the road wont be seen as a win for him anymore - everyone now can see right threw it
Member
Posted 08 May 2019 - 12:43 PM
lunch hour snooze continues after 1pm.... market resting before taking off on another wild ride
Member
Member
Posted 08 May 2019 - 01:18 PM
Either that or looking at 2650 quick. Probably going to take it up to 3k though, just that the downside is substantial.
Taking drawdowns trying to manage long term longs, hedged up either way. 2650 and my account will be about the same,
3k and higher.
Member
Posted 08 May 2019 - 03:23 PM
Biggest sell order of the day hit at 3:55pm
Member
Posted 08 May 2019 - 03:24 PM
Is there any added value to daytrading by monitoring the TICK?
I use to look at it but rarely did I decide to buy or sell based on its value
Member
Posted 08 May 2019 - 03:26 PM
i though we had handled the INTEL situation a few days ago???
WEAK CHIP SECTOR can be very bearish for NQ
INTEL SHARES FALL, DOWN 2% AFTER PROVIDING GROWTH FORECASTS Because it's been at least a week since Intel slashed guidance last
Edited by dTraderB, 08 May 2019 - 03:26 PM.
