FA
-US economic data for May overall are positive (better than expected)
tradingeconomics.com/calendar
-Beijing is being shut down, including school and travel.
-FED REPO + Treasury purchases remain unchanged.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Positive news for the vaccine.
scmp.com/news/china/society/article/3089334/coronavirus-chinese-firm-says-its-vaccine-candidate-passes-phase
-Covid-19 cases spiked today
worldometers.info/coronavirus/country/us/
TA
-NDX is forming a bull flag, changed the trend from bearish to Bullish.
Notice every time the market is about to form a bear flag, FED steps in and vaccine news appears.
-The first resistance for NDX is 10010. If it breaks above this value. There will be a break-out for long positions.
-NDX is trading above all moving averages in the daily chart: Bullish
-RSI, Squeeze: neutral.
-NDX has been in the bullish trend in the past two months consistently. IMO, NDX is overbought, still, tech stocks are having more values, especially during the pandemic.
Bottom line: Tomorrow could be a small gap down, then NDXcontinues the bullish trend. Or NDXbreaks out during pre-market and go higher.
-Trading note: I sold my 311, 314 calls at the beginning of the market. Bought some puts when SPY was 314, immediately bail out at 312. Now I'm holding 312.5c 06/19.
Good luck and thank you.
-US economic data for May overall are positive (better than expected)
tradingeconomics.com/calendar
-Beijing is being shut down, including school and travel.
-FED REPO + Treasury purchases remain unchanged.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
-Positive news for the vaccine.
scmp.com/news/china/society/article/3089334/coronavirus-chinese-firm-says-its-vaccine-candidate-passes-phase
-Covid-19 cases spiked today
worldometers.info/coronavirus/country/us/
TA
-NDX is forming a bull flag, changed the trend from bearish to Bullish.
Notice every time the market is about to form a bear flag, FED steps in and vaccine news appears.
-The first resistance for NDX is 10010. If it breaks above this value. There will be a break-out for long positions.
-NDX is trading above all moving averages in the daily chart: Bullish
-RSI, Squeeze: neutral.
-NDX has been in the bullish trend in the past two months consistently. IMO, NDX is overbought, still, tech stocks are having more values, especially during the pandemic.
Bottom line: Tomorrow could be a small gap down, then NDXcontinues the bullish trend. Or NDXbreaks out during pre-market and go higher.
-Trading note: I sold my 311, 314 calls at the beginning of the market. Bought some puts when SPY was 314, immediately bail out at 312. Now I'm holding 312.5c 06/19.
Good luck and thank you.
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.