Tuesday, August 6, 2019

Morning Charts 08/06/2019 SPX


And just like that, all is well. No, like, really, they said so. See - https://www.zerohedge.com/news/2019-08-06/stocks-yuan-pop-pboc-issues-statement-claiming-all-well

Im not sure about three rate cuts and Trump may even pull off the trade deal. We spoiled the shit out of China. We took the worst kids lollipop and this daddy ain’t giving it back. So the spoiled kid will wait to abuse the next weakling authority figure that comes along. China may not do a trade deal with the US till 2025. https://www.zerohedge.com/news/2019-08-06/goldman-capitulates-sees-no-trade-deal-2020-election-now-expect-three-rate-cuts

Bottom line is Trump is kicking everyone’s ass, and there are painful moments that come with it. 

WAIT JUST ONE MINUTE - I just had a whacked out thought (I’m sure you are not surprised)  - where did the mass shootings go? Did Trump play their game even better? Did POTUS crash the markets to change the narrative? Worth considering. 

On to the lie - 

Great recovery this morning - so far. Futures last night continued the beat down, and this morning have shrugged that off and more. Somebody bought a lot of shit this morning while we were all asleep.  Shorts will get crushed and be fuel for any recovery from the carnage yesterday. Stopped in a consolidation area. No panic yet. Remain calm. 

More to come below. 

Have a good day. 

GL and GB!

No comments:

Post a Comment

Keep it civil and respectful to others.