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LagunitaLLC
Apr 27, 2020 3:07 AM

NASDAQ (04/27/2020) - Uncertainty 

TVC:NDQ30
US 100 IndexTVC

Description

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FA
-FED pumps: 1.5 trillion: newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
-FED's balance sheet (assets) is now above 7 trillion dollars: the highest number in US history.
-Oil might suffer a crash tomorrow, which also potentially drags the market down.
-Big tech corporations will release earning this week (AMD, Tesla,...). Earnings will not be bad as people think.
-Airlines are calling for a bail-out, again.
-Commercial Industry is getting hit by unpaid rent.
-Beaches are now opened.

TA
-Expecting a volatile day.
-Open low, close flat, or higher.
-NASDAQ is going up, maybe up to 8880 levels.
-RSI is preparing for an upward movement.
-Squeeze momentum also is preparing for a high volume movement.
-Do not keep long positions overnight.

Good luck
Technical IndicatorsTrend AnalysisBeyond Technical Analysis
Comments
Trading-Guru
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I like the breakdown between FA and TA :). One of a kind who is doing that, much appreciated
Trading-Guru
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@Trading-Guru, I decided to go in for a long here, purely based on the mismatch in sentiment and what I would expect rationally speaking:
borislavrabrenovic
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It is already broke 8880 . Do you think that today cam touch 9000??
LagunitaLLC
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@borislavrabrenovic no it didn’t break
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