SPY - Update - 50% Chance of Correction in 2020
Bloomberg article from yesterday sees 50% chance of correction in 2020. financemesh.com/2019/12/23/stocks-face-50-odds-of-correction-in-2020-vanguards-davis-says/
Current Daily trend shows we may get to 3300 before downturn.
RSI trend should indicate when uptrend is broken. We have a RSI high on 92. If we get close to this, get short positions ready.
I plan to be playing 14 day entries for options put contracts, or call credit spreads (which is bearish bias).
I will update once trend changes, entry's can be located (waiting for best time/price), or news emerges.
Please let me know if anyone wants an update before then.
My opinion
The market may have convinced the unsophisticated investor to put money in at ATH's, which means we should see downturn soon (top of bubble possibly).
RobinHood saw massive uptick in customers signing up for "fractional shares trading". cnn.com/2019/12/13/investing/robinhood-free-trading-fractional-shares/index.html
These people apparently forgot that RobinHood gets 40% of its revenue by selling customer orders to other companies who front-run orders (taking customer orders and selling around them to make money).
cnbc.com/2019/04/18/a-controversial-part-of-robinhoods-business-tripled-in-sales-thanks-to-high-frequency-trading-firms.html
China Deal - NO SIGNATURE
President Xi is skipping the meeting in Davos where they were supposed to sign this Phase One trade deal. No news reporting this on TV.
scmp.com/economy/china-economy/article/3042941/chinas-xi-jinping-set-skip-world-economic-forum-davos
SP500 is being told on media as up 30% in 2019, but in reality is only up 10% on a rolling 12-month period.
3mins 43 secs - youtube.com/watch?v=FoOt9jfzh98
Another $35 Billion minimum scheduled for Repo's tonight.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
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 BTCUSD, GBTC. NFLX -shortterm
Current Daily trend shows we may get to 3300 before downturn.
RSI trend should indicate when uptrend is broken. We have a RSI high on 92. If we get close to this, get short positions ready.
I plan to be playing 14 day entries for options put contracts, or call credit spreads (which is bearish bias).
I will update once trend changes, entry's can be located (waiting for best time/price), or news emerges.
Please let me know if anyone wants an update before then.
My opinion
The market may have convinced the unsophisticated investor to put money in at ATH's, which means we should see downturn soon (top of bubble possibly).
RobinHood saw massive uptick in customers signing up for "fractional shares trading". cnn.com/2019/12/13/investing/robinhood-free-trading-fractional-shares/index.html
These people apparently forgot that RobinHood gets 40% of its revenue by selling customer orders to other companies who front-run orders (taking customer orders and selling around them to make money).
cnbc.com/2019/04/18/a-controversial-part-of-robinhoods-business-tripled-in-sales-thanks-to-high-frequency-trading-firms.html
China Deal - NO SIGNATURE
President Xi is skipping the meeting in Davos where they were supposed to sign this Phase One trade deal. No news reporting this on TV.
scmp.com/economy/china-economy/article/3042941/chinas-xi-jinping-set-skip-world-economic-forum-davos
SP500 is being told on media as up 30% in 2019, but in reality is only up 10% on a rolling 12-month period.
3mins 43 secs - youtube.com/watch?v=FoOt9jfzh98
Another $35 Billion minimum scheduled for Repo's tonight.
newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
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 BTCUSD, GBTC. NFLX -shortterm
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.