Tomorrow could be another round for "bullish" team as Trump's relief bills come to final. The government will likely to announce this news. Plus another 3% possible.
However, we haven't found the official version of the bills yet. (Hopefully Dem and Rep are not arguing over it again). Another day?
Still, COVID-19 is still a threat and businesses are suffering from it. Small businesses will most likely file for bankruptcy if this situation carries on. At the end of the day, bills are still needed to be paid.
+ Unemployment data from states will officially released on Friday (03/27/2020) instead of a day earlier.
+ Fed will take a portion of their money (45 billions) back from the stock market as the maturity date kicks in ( Thursday 03/24/2020).
+ Most of the money on the market today are from institutions.
+ Fed printed more money => Inflation rises.
Technical: RSI will move up a little bit and go down. Indicate a selling; Squeeze indicator is also showing a bearish trend.
Simple: Short. Bearish trend.
For those who only read the title last time, please don't sell you short positions yet.
Good luck.
p/s For the NASDAQ, please consider the stock buy back factor, especially big tech company. It's not time to go long yet.
However, we haven't found the official version of the bills yet. (Hopefully Dem and Rep are not arguing over it again). Another day?
Still, COVID-19 is still a threat and businesses are suffering from it. Small businesses will most likely file for bankruptcy if this situation carries on. At the end of the day, bills are still needed to be paid.
+ Unemployment data from states will officially released on Friday (03/27/2020) instead of a day earlier.
+ Fed will take a portion of their money (45 billions) back from the stock market as the maturity date kicks in ( Thursday 03/24/2020).
+ Most of the money on the market today are from institutions.
+ Fed printed more money => Inflation rises.
Technical: RSI will move up a little bit and go down. Indicate a selling; Squeeze indicator is also showing a bearish trend.
Simple: Short. Bearish trend.
For those who only read the title last time, please don't sell you short positions yet.
Good luck.
p/s For the NASDAQ, please consider the stock buy back factor, especially big tech company. It's not time to go long yet.