Member
Posted 10 May 2019 - 12:02 PM
Economy is still strong, so no crash yet.... Some sell-off is expected due to lack of short-selling but profits still high..
No reaction from China as yet re: tariffs on US exports to them
They are waiting, waiting, waiting.... for the right time, near the close today or over weekend
Member
Posted 10 May 2019 - 12:04 PM
Very BULLISH will be if Trump withdraws new tariffs in deal with China who will also withdraw intended tariffs.
Smoke & Mirrors? Yes, but the markets will take that as bullish and zoom away above SPX 2900
Member
Posted 10 May 2019 - 01:12 PM
ES 2875/80 stiff resistance.
Member
Posted 10 May 2019 - 03:07 PM
They nearly pulled it off!
But, Mnuchin blew it with "no scheduled meeting"
and Liu He chimed in with the same message
I think Mnuchin is in serious trouble and will be taken to the woodshed or put out of the office, permanently.
Markets will be DOWN on Monday unless.... bullish tweets can calm it
Liu He: "No talks are scheduled from here" Steve Mnuchin: "No future talks planned as of now"
Member
Posted 13 May 2019 - 06:37 AM
as expected, they are weaponizing the YUAN
Member
Posted 13 May 2019 - 06:47 AM
Yeah, market gets too choppy and unpredictable but not complaining, did 4 NQ trades so far today
I am beginning to dislike the constant barrage of China Trade Deal on/off headlines. A lot.
Member
Posted 13 May 2019 - 06:50 AM
China Onshore (CNY) and Offshore Yuan (CNH) in free fall as Sino-US trade war deepens, and weaker Yuan mitigates the effect of higher tariffs.
