FA
-FED was buying up ETF(s) (Junk bonds, HYG, and Banks). At a result, bank stocks went bullish 5% this morning (Jp Morgan, Citi, BoA).
More FED schedule below:
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Jobless claims 2918000 vs 2500000, bring the total claims up to 36.5 million.
-JC Penny is planning to file for bankruptcy on Friday (05/15/2020).
-Chinese production data is released (beats expectation)
tradingeconomics.com/
-US Import/Export prices are worse than expected.
tradingeconomics.com/calendar
-FOMO buying led the market higher.
-US Retail, Industrial production data,... will all be released tomorrow. Please check the trading economics for more information.
-The huge bounce this morning had 3 key factors: Bank ETFs are bought causing the bank stocks rally, FOMO buying, the gap at 2760 is filled (bounce up when filled).
TA
-SPX is still in squeeze on the daily chart: expecting a big movement.
-RSI is hitting 50%: neutral
-SPX is trading above moving average: bullish.
-On the technical approach: SPX retrace back from 3-consecutive-day drop. Between top and bottom (Dark blue).
-Gap mostly filled at 2760 caused a bounce.
-Scenario 1: SPX will retrace til 0.618 level (2878) then a correction. With this, SPX will retest the light blue line (Neckline of big head and shoulders pattern).
Open high
-Scenario 2: SPX will retract til 0.5 level (2860) then a correction
Open low
Volume is high
Please plan your strategy wisely and don't keep position over weekend (recommended).
Good luck and have fun
-FED was buying up ETF(s) (Junk bonds, HYG, and Banks). At a result, bank stocks went bullish 5% this morning (Jp Morgan, Citi, BoA).
More FED schedule below:
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Jobless claims 2918000 vs 2500000, bring the total claims up to 36.5 million.
-JC Penny is planning to file for bankruptcy on Friday (05/15/2020).
-Chinese production data is released (beats expectation)
tradingeconomics.com/
-US Import/Export prices are worse than expected.
tradingeconomics.com/calendar
-FOMO buying led the market higher.
-US Retail, Industrial production data,... will all be released tomorrow. Please check the trading economics for more information.
-The huge bounce this morning had 3 key factors: Bank ETFs are bought causing the bank stocks rally, FOMO buying, the gap at 2760 is filled (bounce up when filled).
TA
-SPX is still in squeeze on the daily chart: expecting a big movement.
-RSI is hitting 50%: neutral
-SPX is trading above moving average: bullish.
-On the technical approach: SPX retrace back from 3-consecutive-day drop. Between top and bottom (Dark blue).
-Gap mostly filled at 2760 caused a bounce.
-Scenario 1: SPX will retrace til 0.618 level (2878) then a correction. With this, SPX will retest the light blue line (Neckline of big head and shoulders pattern).
Open high
-Scenario 2: SPX will retract til 0.5 level (2860) then a correction
Open low
Volume is high
Please plan your strategy wisely and don't keep position over weekend (recommended).
Good luck and have fun
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.