Big drop overnight

Pekelo

Pekelo

OK, what is the news? I can't find anything... ES down 40 points...

I guess it is the new Chinese tariffs...
 
But the same thing has already happened 2 days ago, market opened in the red 40 points and ended up 30+ in the green. One of the best rallies ever, 90 points in 10 hours. (2560 to 2650)

By this time the market has anticipated the Chinese response...
 
Pekelo said:
But the same thing happened 2 days ago, market opened in the red 40 points and ended up 20+ in the green. One of the best rallies ever 90 points in 10 hours.

By this time the market has anticipated already the Chinese response...
More...

If that is your belief, you can bet against the U.S futures. If you are right, you will make lots of money. If wrong, ... I hope not but all the best of luck.
 
Pekelo said:
OK, what is the news? I can't find anything... ES down 40 points...

I guess it is the new Chinese tariffs...
More...


Dow futures indicate more than 400 point drop at market open after Trump threatens more tariffs on China
 
Pekelo said:
But the same thing has already happened 2 days ago, market opened in the red 40 points and ended up 30+ in the green. One of the best rallies ever, 90 points in 10 hours. (2560 to 2650)

By this time the market has anticipated the Chinese response...
More...



I would be hesitant, job numbers tomorrow morning before the open can really create havoc if numbers aren't great.....

I added very small positions in UDOW and SSO on the drop, will sell tomorrow morning once job numbers come out!
 
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