Fundamentals
Overall the fundamentals that came in this past week were leaning towards a recovering economy in the US. The fundamentals were as follow:
TRADE BALANCE
• -73.30 Billion Negative
Non-Manufacturing Employment
• 53 Positive
Continuing Jobless Claims
2.714k Positive
Initial Jobless Claims
• 326k Positive
NFP
• 194K Negative
Unemployment Rate
• 4.8% Positive
ADP Non Farm Employment Change
• 568k Positive
Interpreting this data leads me to conclude that the FED is more likely to start tapering as early as this year latest early next year (Quarter 1).
Technical Analysis
This market has been due for a correction and what we've seen these past few weeks is not a correction, it is merely the start of it. Now I'm not saying sell because the market will start falling tomorrow but I am bear biased with this instrument. A full analysis is outlaid in the video, for your benefit watch the entire video. Also like and comment on the ideas a post and follow me if you don't yet.
Kind Regards
(This one is especially for @YouCannotBeSerious)
Overall the fundamentals that came in this past week were leaning towards a recovering economy in the US. The fundamentals were as follow:
TRADE BALANCE
• -73.30 Billion Negative
Non-Manufacturing Employment
• 53 Positive
Continuing Jobless Claims
2.714k Positive
Initial Jobless Claims
• 326k Positive
NFP
• 194K Negative
Unemployment Rate
• 4.8% Positive
ADP Non Farm Employment Change
• 568k Positive
Interpreting this data leads me to conclude that the FED is more likely to start tapering as early as this year latest early next year (Quarter 1).
Technical Analysis
This market has been due for a correction and what we've seen these past few weeks is not a correction, it is merely the start of it. Now I'm not saying sell because the market will start falling tomorrow but I am bear biased with this instrument. A full analysis is outlaid in the video, for your benefit watch the entire video. Also like and comment on the ideas a post and follow me if you don't yet.
Kind Regards
(This one is especially for @YouCannotBeSerious)