NDX (05/15/2020) - Uncertainty for TVC:NDX by LagunitaLLC

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:

-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)

-US Import/Export prices are worse than expected.

-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

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