The way I look at trading, my mind is puny.
The mkt has zillions of minds - like a super computer and they are leaning long. My bet is with the super computer, not with my mind and not with what the sensationalist media wish to throw up.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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The mkt has zillions of minds - like a super computer and they are leaning long. My bet is with the super computer, not with my mind and not with what the sensationalist media wish to throw up.
Tariffs are on? So that is early. It ain't 12:01 AM Friday ET. Those people cannot even tell time. Brilliant.
Algos are going mama's! Looks like Mnuchin got Treasury Desk to pump but it's not working... As soon as buyer stops power bidding, just free falls. Hopefully 25 % tariffs lasts a few weeks at least, long enough to snap credit markets, Turkey then Europe.
I doubt it'll be Red today, ppt will have to make a point. China CB is buying their entire market at the moment, while everyone mass selling!
https://www.marketwatch.com/story/a...ng-chinese-goods-2019-05-09?mod=mw_latestnews
Funny how ASX just now spiked up.
Funny how ASX just now spiked up.
Trump Says China Tariffs Will Increase as Trade Deal Hangs in the Balance
Video
By Alan Rappeport and Ana Swanson
BTFD
Video
By Alan Rappeport and Ana Swanson
- May 9, 2019
BTFD
Midnight is here along with a White House deadline to bump tariffs on $200 billion worth of Chinese goods to 25% from 10%. But global investors have yet to hit the worry button and seem convinced the tariff hikes are a short-term concern—and potentially an issue that can still be solved in the coming days.
In the U.S., S&P 500 futures turned negative late Thursday night but were down just a fraction of one point shortly before midnight. That’s despite multiple media reports that Thursday’s talks between U.S. and Chinese negotiators ended without any deal or agreement to delay the tariffs. Chinese investors were still seemingly optimistic about a potential trade agreement. The Shanghai Composite Index was up 1.5% at midnight ET.
The Wall Street Journal and New York Times reported Thursday night that talks would continue on Friday.
Investors have spent the week trying to handicap the chances for a trade deal between the U.S. and China. Stocks turned sharply lower early in the week as the White House began sounding less optimistic about a deal and said it would impose the tariff hike by the end of the week. But then came word that Chinese negotiators, including Vice Premier Liu He, were still traveling to the U.S. this week to continue the talks. Stocks jumped on that news.
https://www.marketwatch.com/article...e-stock-futures-51557457310?mod=mw_latestnews
In the U.S., S&P 500 futures turned negative late Thursday night but were down just a fraction of one point shortly before midnight. That’s despite multiple media reports that Thursday’s talks between U.S. and Chinese negotiators ended without any deal or agreement to delay the tariffs. Chinese investors were still seemingly optimistic about a potential trade agreement. The Shanghai Composite Index was up 1.5% at midnight ET.
The Wall Street Journal and New York Times reported Thursday night that talks would continue on Friday.
Investors have spent the week trying to handicap the chances for a trade deal between the U.S. and China. Stocks turned sharply lower early in the week as the White House began sounding less optimistic about a deal and said it would impose the tariff hike by the end of the week. But then came word that Chinese negotiators, including Vice Premier Liu He, were still traveling to the U.S. this week to continue the talks. Stocks jumped on that news.
https://www.marketwatch.com/article...e-stock-futures-51557457310?mod=mw_latestnews
Love the guy making the call..his best i "79's are trading !!!!!!!" sounds like he's having an an epileptic fit .. haha
The set up is technical in nature and not news dependent. The trigger is $SPX above yesterday’s high, stop a close below yesterday’s close, first target 2960’s. I’m on a school trip so no day trading, but I’ll be watching and taking a swing position today and I’ report my average fill tonight.
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