S&P 500 EndeksiGüncellendi SPX / SPY - On Watch
This morning CNBC again said there is a "tentative" Phase One deal with China. Dictionary definition of tentative - uncertain, not worked out. merriam-webster.com/dictionary/tentative
They had a guest who actually asked "what is a phase one deal actually?" and no one could answer.
So the market is propped up on uncertain, unspecified, unverified information.
As price spiked outside the main blue wedge, it created a new wedge.
The new white wedge point ends on Jan. 16. However, this could also be lagged.
Yesterday the Fed released a statement that they will continue repos and increase the frequency into January.
I am watching SPY heavily today. If we get a break to the downside below $312 I will stay in.
If we go above SPY $320 before Monday, I will probably exit my Puts.
The China deal to my understanding still needs to be signed by the Chinese and the President.
It may have been agreed to in principal but I have been fooled before.
At the risk of a loss, I will not be jerked back and forth by unsubstantiated news.
I WILL UPDATE THROUGHOUT THE DAY
Sources
Seeking Alpha put out this morning that Repo agreements are half a trillion ($500 Million) seekingalpha.com/news/3526093-feds-half-trillion-repo-intervention
Here is the operating policy of the Fed released yesterday newyorkfed.org/markets/opolicy/operating_policy_191212
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
They had a guest who actually asked "what is a phase one deal actually?" and no one could answer.
So the market is propped up on uncertain, unspecified, unverified information.
As price spiked outside the main blue wedge, it created a new wedge.
The new white wedge point ends on Jan. 16. However, this could also be lagged.
Yesterday the Fed released a statement that they will continue repos and increase the frequency into January.
I am watching SPY heavily today. If we get a break to the downside below $312 I will stay in.
If we go above SPY $320 before Monday, I will probably exit my Puts.
The China deal to my understanding still needs to be signed by the Chinese and the President.
It may have been agreed to in principal but I have been fooled before.
At the risk of a loss, I will not be jerked back and forth by unsubstantiated news.
I WILL UPDATE THROUGHOUT THE DAY
Sources
Seeking Alpha put out this morning that Repo agreements are half a trillion ($500 Million) seekingalpha.com/news/3526093-feds-half-trillion-repo-intervention
Here is the operating policy of the Fed released yesterday newyorkfed.org/markets/opolicy/operating_policy_191212
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
Not
11 Hours ago - China Foreign Minister says US has officially pissed off China. Will they sign??? cnbc.com/2019/12/13/chinas-foreign-minister-says-at-symposium-the-us-has-successively-angered-and-suppressed-china.htmlEmir iptal
China Deal has been reached. I will continue to watch from sidelines until better entry for downside target. Catalyst did not work out in this case.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.