S&P 500 Next Week Expected Move ($34) & Gravity Points
Atualizado
No call again... been a pretty directionless last 3-4 weeks.
SPY $300 right around the corner.
VIX got totally rejected.
Sell in May and Go Away articles coming out.
Buffett interested in Amazon
GDP was 3.2%
Unemployment Strong.
IPO's coming out. Uber Next week.
Smallcaps looking like a bit of a breakout, waiting to see if it's sustained. But would be very positive if there's continuation.
Goodluck next week gentlemen
- RH
SPY $300 right around the corner.
VIX got totally rejected.
Sell in May and Go Away articles coming out.
Buffett interested in Amazon
GDP was 3.2%
Unemployment Strong.
IPO's coming out. Uber Next week.
Smallcaps looking like a bit of a breakout, waiting to see if it's sustained. But would be very positive if there's continuation.
Goodluck next week gentlemen
- RH
Comentário
Gentlemen - For the handful that follow me with regularity, or on notifications, I hope this will provide some information if you're trying to figure out what's going on in the markets and why we're down as much as 2.5% afterhours as of roughly 10:00pm: As far as I understand it:
- Basically Trump renewed old Tariff threats that he had previously put aside for talks with China because talks were going well.
- Reminder: Suggested increase is from Current: 10%, to 25%. I believe 325Bn total.
- Increase will occur on Friday.
- Double whammy because it also indicates that Trade talks are NOT going well when it has been indicated that things are going great for the last several weeks. On top of the negative economic implications for a multitude of different companies in different sectors.
- Different companies in different sectors means it's a Broad-Based selling vs. Sector or Market Cap Rotation that we've seen.
- Will not be talked about: Trump pushed towards passing his Reciprocal Trade Act which would affect everybody, not just China. Basically it states that if any country taxes one of our products coming into their country, we would tax an equivalent product they sell to us at an equal rate that the other country charges us.
I'm going to switch my neutral rating to bearish for the week.
Technical story is that this was a failed breakout.
We also fell below the Gravity Point and will therefore serve as a shorting opportunity on a retrace back up to it where it will become resistance.
Comentário
We have broken through the 3rd standard deviation trend.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.