Trading notes:Â Yesterday was perhaps one of the weirdest market sessions that I can recall in recent memory. With the richest person in the world in a feud with the most powerful person in the world, and subsequently watching it sell the market off, will be an episode that it talked about for years to come.
Trading notes: Futures went from being relatively flat to bouncing higher on news of a phone call between Trump and Xi. Without any details so far, futures are fading some from the initial highs. The kneejerk reaction to trade news remains to pump prices higher, whether that is from buying the initial dip, or simply
Trading notes: Stocks took a hit in the pre-market off their highs from the ADP job report, but still remain in positive territory. I fully expect an attempt early on to buy the dip. Pressure is mounting on Powell to cut rates from the White House, but if anything, he has less reason than ever,
I closed SDS at 18.03 for -3.3%
Trading notes: Futures dipped overnight, and similar to yesterday, and similar to yesterday and much of last week, once the European markets opened, US futures bounced. Right now, the dip buy, despite bearish headlines and technical developments, remains intact. Heavy resistance sits overhead for all three major indices today, and the closing price and where
CORRECTION: The subject in the previous email should have said "New Long Setup: SDS" New Long Setup: SDS I bought SDS at 18.66 My stop-loss: 18.02 My target price: 20.90 Risk Rating: 5.0
New Long Setup: SDS I bought SDS at 18.66 My stop-loss: 18.02 My target price: 20.90 Risk Rating: 5.0
Trading notes: Heading into a new month, futures are slightly lower, and off the overnight lows already. You have all sorts of headline risk hitting the wire this morning, from war escalation between Ukraine and Russia, trade tensions escalating between US and China, but then there's the expected phone call between Trump and Xi to try
I closed SDS at 18.41 for -1.7%
New Long Setup: SDS I bought SDS at 18.73 My stop-loss: 17.98 My target Price: 20.90 Risk Rating: 5.0