Why I think it is time to short US30 and NAS100
The US30, representing the Dow Jones Industrial Average, has experienced notable market dynamics in 2024, reaching a peak price point of 38,571.00 and a low of 28,571. These milestones reflect the volatility and fluctuations in the stock market. Despite achieving record highs, concerns have emerged as Congress resorts to a stopgap spending measure, introducing uncertainties about the sustainability of the current bullish trend. The passage of short-term measures and internal disagreements within the House Republican majority raise questions about the market's resilience amid political challenges. Investors are likely to closely monitor how Congress addresses long-term funding and policy issues to assess the potential impact on market stability and the longevity of the current bullish trend.
Trade active:
📊 Trade Update - January 31, 2024:
All orders were filled within the ranges of 38,534.00 to 38,560.00, and the trade remains active despite experiencing an overperformance resulting in a 1% loss on the Dow. The current market environment is presenting more headwinds, with key economic indicators impacting the situation. Looking ahead to February 1st and 2nd, critical data releases, including Unemployment Claims and Prelim Nonfarm Productivity q/q, are anticipated. The market is also awaiting information on Prelim Unit Labor Costs q/q, Average Hourly Earnings m/m, Non-Farm Employment Change, and the Unemployment Rate. These upcoming data points are poised to influence market sentiment and may contribute to further volatility. Traders are advised to stay vigilant and adjust strategies accordingly based on the unfolding economic landscape. 📈💼 #MarketUpdate #Trading #EconomicIndicators #USD #StockMarket
All orders were filled within the ranges of 38,534.00 to 38,560.00, and the trade remains active despite experiencing an overperformance resulting in a 1% loss on the Dow. The current market environment is presenting more headwinds, with key economic indicators impacting the situation. Looking ahead to February 1st and 2nd, critical data releases, including Unemployment Claims and Prelim Nonfarm Productivity q/q, are anticipated. The market is also awaiting information on Prelim Unit Labor Costs q/q, Average Hourly Earnings m/m, Non-Farm Employment Change, and the Unemployment Rate. These upcoming data points are poised to influence market sentiment and may contribute to further volatility. Traders are advised to stay vigilant and adjust strategies accordingly based on the unfolding economic landscape. 📈💼 #MarketUpdate #Trading #EconomicIndicators #USD #StockMarket
Comment:
Achieved Stop Loss in Profits swiftly; undoubtedly, volatility persists. More news pending; planning to re-enter after PMI News Actual Value. Stay tuned for further updates. 📊📈 #TradingUpdate #VolatilityContinues #MarketInsights