FA
-US economic data for May overall are positive (better than expected)
tradingeconomics.com/calendar
-Beijing is being shut down, including school and travel.
-FED REPO + Treasury purchases remain unchanged.
www.newyorkfed.org/m...-operational-details
www.newyorkfed.org/m...-operational-details
-Positive news for the vaccine.
www.scmp.com/news/ch...ndidate-passes-phase
-Covid-19 cases spiked today
www.worldometers.inf...onavirus/country/us/
TA
-NDX is forming a bull flag, changed the trend from bearish to Bullish.
Notice every time the market is about to form a bear flag, FED steps in and vaccine news appears.
-The first resistance for NDX is 10010. If it breaks above this value. There will be a break-out for long positions.
-NDX is trading above all moving averages in the daily chart: Bullish
-RSI, Squeeze: neutral.
-NDX has been in the bullish trend in the past two months consistently. IMO, NDX is overbought, still, tech stocks are having more values, especially during the pandemic.
Bottom line: Tomorrow could be a small gap down, then NDXcontinues the bullish trend. Or NDXbreaks out during pre-market and go higher.
-Trading note: I sold my 311, 314 calls at the beginning of the market. Bought some puts when SPY was 314, immediately bail out at 312. Now I'm holding 312.5c 06/19.
Good luck and thank you.
-US economic data for May overall are positive (better than expected)
tradingeconomics.com/calendar
-Beijing is being shut down, including school and travel.
-FED REPO + Treasury purchases remain unchanged.
www.newyorkfed.org/m...-operational-details
www.newyorkfed.org/m...-operational-details
-Positive news for the vaccine.
www.scmp.com/news/ch...ndidate-passes-phase
-Covid-19 cases spiked today
www.worldometers.inf...onavirus/country/us/
TA
-NDX is forming a bull flag, changed the trend from bearish to Bullish.
Notice every time the market is about to form a bear flag, FED steps in and vaccine news appears.
-The first resistance for NDX is 10010. If it breaks above this value. There will be a break-out for long positions.
-NDX is trading above all moving averages in the daily chart: Bullish
-RSI, Squeeze: neutral.
-NDX has been in the bullish trend in the past two months consistently. IMO, NDX is overbought, still, tech stocks are having more values, especially during the pandemic.
Bottom line: Tomorrow could be a small gap down, then NDXcontinues the bullish trend. Or NDXbreaks out during pre-market and go higher.
-Trading note: I sold my 311, 314 calls at the beginning of the market. Bought some puts when SPY was 314, immediately bail out at 312. Now I'm holding 312.5c 06/19.
Good luck and thank you.