magnans
Long

Between Fed rate hike & China Crisis SPX stay bullish, for now..

FX:SPX500   S&P 500 Index
This is a strong assumption, but we saw a huge rebound last week on equity markets that suggest we're not ready yet to enter in a bear market. Moreover, if the US economic numbers are correct, the stock market is oversold.. I'll suggest to buy SPX             and play a rebound towards 2100 then will have to see what market is up to...

Target 2095
Stop 1905
(Take half profit at 2020, then place a trailing stop at 1990, "a win position cannot become a lose position")

However, beware!! we said the same in 2007.. So, do not forget! Markets have short memory...
When I speak about US economic numbers, one is enough to say everything : 5.3% (US unemployment rate).
Remember, Fed's decisions are data dependent. (09/04 --> Unemployment rate expected : 5.2%, prior 5.3%)
(Next FOMC Rate Decision : 09/17)
And I just play a rebound because we still do not know the effect on equity markets of a rate hike from the Fed.
We should be very careful, in times like these.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out