FA
-PMI globally is better than expected, including the US, EU data.
tradingeconomics.com/calendar
-Bank stress test data will be released this Thursday. There is a lot of uncertainty about the data. More people are betting against it.
Private institutions will probably have the data first before releasing them to the public. So there will be a huge gap down or up the coming days.
-US commitment to keep the market at a high level can be found yesterday about Navarro's speech and price reactions.
More information about what they're doing:
www.youtube.com/watch?v=Pix-KmDW...
www.youtube.com/watch?v=aTewPJ5b...
-Covid-19 cases are still on the rise.
www.worldometer...fo/coronavirus/?utm_campai...
-EU may ban American travelers as Cov-19 concerns rise.
www.nytimes.com/2020...ican-travel-ban.html
-Demand for commodities rose: Gold, Silver, Oil... reflected by their price accordingly.
In a nutshell: It is really hard to make a prediction from now, imo. But crashes won't happen until the Election in November is settled. Also, day trading during this time is very dangerous, unless professionally done.
Personally, I sold all of my stocks, ETFs, call options yesterday. 100% cash. I won't be back to the stock market for a while. Will most likely to trade gold only.
TA
-NDX is still extremely bullish by trading on all moving averages.
-Squeeze, RSI: neutral. RSI may show signs of bearish.
-NDX may fill the gap at 10132.
-Overall: correction may take place or test the 10132 level as support and continue to go up.
Trading notes: Sold AAL (06/26) put option at open on Monday. Bought 40 SPY 311 call (06/24/2020) around 11:00 am on Monday. Sold them today at open. Now 100% cash.
I will continue to update regularly, however, I won't make any trades on the stock market.
Good luck and Thank you.
-PMI globally is better than expected, including the US, EU data.
tradingeconomics.com/calendar
-Bank stress test data will be released this Thursday. There is a lot of uncertainty about the data. More people are betting against it.
Private institutions will probably have the data first before releasing them to the public. So there will be a huge gap down or up the coming days.
-US commitment to keep the market at a high level can be found yesterday about Navarro's speech and price reactions.
More information about what they're doing:
www.youtube.com/watch?v=Pix-KmDW...
www.youtube.com/watch?v=aTewPJ5b...
-Covid-19 cases are still on the rise.
www.worldometer...fo/coronavirus/?utm_campai...
-EU may ban American travelers as Cov-19 concerns rise.
www.nytimes.com/2020...ican-travel-ban.html
-Demand for commodities rose: Gold, Silver, Oil... reflected by their price accordingly.
In a nutshell: It is really hard to make a prediction from now, imo. But crashes won't happen until the Election in November is settled. Also, day trading during this time is very dangerous, unless professionally done.
Personally, I sold all of my stocks, ETFs, call options yesterday. 100% cash. I won't be back to the stock market for a while. Will most likely to trade gold only.
TA
-NDX is still extremely bullish by trading on all moving averages.
-Squeeze, RSI: neutral. RSI may show signs of bearish.
-NDX may fill the gap at 10132.
-Overall: correction may take place or test the 10132 level as support and continue to go up.
Trading notes: Sold AAL (06/26) put option at open on Monday. Bought 40 SPY 311 call (06/24/2020) around 11:00 am on Monday. Sold them today at open. Now 100% cash.
I will continue to update regularly, however, I won't make any trades on the stock market.
Good luck and Thank you.