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 8850 is filled (bounce up when filled).
-Tech stocks went back to this week average price.
TA
-NDX is in squeeze: expecting a big movement
-RSI: neutral
-NDX is trading above MA: bullish
-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 8850 is filled (bounce up when filled).
-Tech stocks went back to this week average price.
TA
-NDX is in squeeze: expecting a big movement
-RSI: neutral
-NDX is trading above MA: bullish
-Volume is high
Please plan your strategy wisely and don't keep position over weekend (recommended).
Good luck and have fun
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.