SPY Short
I am shorting SPY after this weeks bounce.
Reasoning:
1. Virus continues to exponentially spread throughout the U.S. and globally.
a. Social distancing in the U.S. has only been enacted state wide for 1/3 of the population.
b. Experts such as Bill Gates expects continued exponential growth in coming weeks.
c. Expecting more cases and hospital constrains...resulting in Nationwide shutdown.
2. The stimulus package has already been baked into the market earlier in the week. (Seen in two days of market pumping)
a. One time payment of $1,200 (Average monthly rent $1,456)
b. Largest stimulus package ever (no way of knowing what will and will not work).
3. Nothing has changed from last week related to the bounce back for the Economy.
Reasoning:
1. Virus continues to exponentially spread throughout the U.S. and globally.
a. Social distancing in the U.S. has only been enacted state wide for 1/3 of the population.
b. Experts such as Bill Gates expects continued exponential growth in coming weeks.
c. Expecting more cases and hospital constrains...resulting in Nationwide shutdown.
2. The stimulus package has already been baked into the market earlier in the week. (Seen in two days of market pumping)
a. One time payment of $1,200 (Average monthly rent $1,456)
b. Largest stimulus package ever (no way of knowing what will and will not work).
3. Nothing has changed from last week related to the bounce back for the Economy.
Nota
Failed break. Light volumes (less conviction that this is the bottom), but I will wait for another opportunity to short.Nota
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.