... but I can say that some daytraders, as of earlier tonight, expect a gap up on the Futures Sunday ... a gap they'll short.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
... but I can say that some daytraders, as of earlier tonight, expect a gap up on the Futures Sunday ... a gap they'll short.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
Algo wants to exit today, but it doesn't yet have any price action knowledge from the Tariff rescission over 'the weekend.'
Follow algo anyway, or see what the algo says tomorrow after digesting today's price action (which will then reflect the tariff news). We'll see.
Zoom your browser out if you can't see the whole image. (typo on the chart: SUPPORT should say RESISTANCE)
Last edited by userque; 06-09-2019 at 08:55 PM.
Trump's base probably won't like this. Elections are right around the corner. Watch this one get mysteriously moon-walked too.
The ole create a problem ... then come to your own rescue thingy.
Trump wants to start charging stores to accept food stamps
https://www.cnbc.com/2017/06/07/trum...od-stamps.html
- Donald Trump wants to charge retailers a fee for accepting food stamps as payment from the poor.
- The food stamp fee would be reassessed every five years.
- Budget office predicts $2.4 billion in new revenue from the fee, which is seen hurting independent grocers more than big chains.
- Separately, the Trump administration is proposing $191 billion in cuts over the next decade to the food stamp program.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
Just an FYI.
Mexico Doesn't Back Up Trump's Twitter Claims of Big Farm Deal
https://www.bloomberg.com/news/artic...adicting-trump
Mexico Agreed to Take Border Actions Months Before Trump Announced Tariff Deal
https://www.nytimes.com/2019/06/08/u...gtype=Homepage
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
This may add bullish fuel to the fire.?
Markets can cheer: China appears to finally be addressing its US trade surplus
https://www.cnbc.com/2019/06/10/chin...ommentary.html
- Beijing is turning the trade leaf: Its merchandise trade surplus with the U.S. is down at an annual rate of 10% in the first four months of this year. On current trends, that surplus could fall 24% in 2019.
- A friendly Trump-Xi meeting is likely during the G-20 summit in Osaka, Japan later this month.
- The Fed is maintaining its extraordinarily easy credit stance with an astounding $1.4 trillion of loanable funds in the banking sector.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
Trump: If President Xi does not attend G-20, more China tariffs will go into effect immediately
https://www.cnbc.com/2019/06/10/trum...mediately.html
- President Trump threatened more tariffs on Chinese imports if President Xi Jinping is not at this month’s G-20 meeting.
- The president previously threatened to put levies on another $300 billion in Chinese goods if an agreement is not reached soon.
Will Xi attend? Any guesses?
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Too soon to reliably tell, imo. I even wonder if he knows at this point ... especially considering Trump's threat trying to force him to go. Fluid situation, that can change with the drop of a tweet.
As it stands, I'd have to forecast "no."
But I believe Trump's people will negotiate with China (behind the scenes, of course) on some specific language for Trump to say/tweet that will essentially replace the threat, and make it possible for Xi to attend without looking subservient.
What about you?
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
Appears that Trump's latest threat has had no effect, which is surprising.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
No nation will allow another nation to destroy its economy ... without a fight. I suspect Iran could be in the financial headlines next month if things don't change.
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