+50 points from today's near nadir on the NQ in the last five minutes is hardly a little "squirt", more like a geyser, hehe.
ES Journal - 2019/2020
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+50 points from today's near nadir on the NQ in the last five minutes is hardly a little "squirt", more like a geyser, hehe.
Bearish setup in weekly. Im sure its just another fake out.
I just don't see the FOMC cutting with the stock indexes hitting all time highs. They will appear political captive. What a complete waste of bullets if they did. Can't wait for the jobs report.
It's all contingent on G20.
For stocks, June was a month of records
New York (CNN Business)The Dow recorded its best month of the year in June. It climbed 7.19%, narrowly beating its 7.17% gain in January.
The S&P 500 and the Nasdaq Composite, meanwhile, logged their best months since January, rising 6.9% and 7.4%, respectively.
The Dow hasn't done that well in the month of June since 1938, while the S&P recorded its best June since 1955.
In short, it was quite the month for stocks.
Stocks rose in June on hopes that the Federal Reserve will soon cut interest rates to boost the economy. The strong rally has outweighed a few bad days caused by geopolitical and trade worries.
On Friday the Dow (INDU) closed 0.3%, or 73 points, higher, while the S&P (SPX) climbed 0.6% and the Nasdaq (COMP) closed 0.5% up. For the year, the Dow is up 14% this year and the Nasdaq is 20.7% higher.
On top of that, the S&P is up 17.4% for the year, marking its best first half since 1997.
New York (CNN Business)The Dow recorded its best month of the year in June. It climbed 7.19%, narrowly beating its 7.17% gain in January.
The S&P 500 and the Nasdaq Composite, meanwhile, logged their best months since January, rising 6.9% and 7.4%, respectively.
The Dow hasn't done that well in the month of June since 1938, while the S&P recorded its best June since 1955.
In short, it was quite the month for stocks.
Stocks rose in June on hopes that the Federal Reserve will soon cut interest rates to boost the economy. The strong rally has outweighed a few bad days caused by geopolitical and trade worries.
On Friday the Dow (INDU) closed 0.3%, or 73 points, higher, while the S&P (SPX) climbed 0.6% and the Nasdaq (COMP) closed 0.5% up. For the year, the Dow is up 14% this year and the Nasdaq is 20.7% higher.
On top of that, the S&P is up 17.4% for the year, marking its best first half since 1997.
Every financial news outlet is stating relief rally on Monday, based on a truce bewteen China and the US. China won in this meeting. They came away with Huawei ban lifted. US got nothing.
So expect a GIANT gap up in the index futures tonight. New all time highs. With all this exuberance do you really think the FOMC will cut. Only play left before the FOMC meeting is a really weak jobs report, The weaker the better, gives the FOMC cover to cut.
So expect a GIANT gap up in the index futures tonight. New all time highs. With all this exuberance do you really think the FOMC will cut. Only play left before the FOMC meeting is a really weak jobs report, The weaker the better, gives the FOMC cover to cut.
Big winner in G20=China. Trump will mouth off about the big win for farmers, its the same line from months ago. China will sit and wait for Trump to cave in before the election, and he will cave in. He gave in on Hauwei. But will try and spin it as a win.
It will be interesting to see where we open tonight. I'm glad I folded on my short as I'm fairly sure that one would not have paid off, but not so convinced we'll get a huge gap up either.
Let's see.
Let's see.
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