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Charts point to a major reversal, with multiple blow-off tops across popular stocks such as $TSLA.
Today& #39;s reversal was partially driven by various headlines, with California closing indoor activities likely the dominant one. Chart is for $ES.
Today& #39;s reversal was partially driven by various headlines, with California closing indoor activities likely the dominant one. Chart is for $ES.
Earnings season starts tomorrow. Banks& #39; earnings are key, particularly their loan loss provisions. Many people waiting for earnings to be a major bearish catalyst. Of course, it works both ways. So watch out for banks& #39; results closely. https://www.wsj.com/articles/are-banks-afraid-of-covid-19-watch-how-much-they-set-aside-for-loan-losses-this-week-11594566000">https://www.wsj.com/articles/...
Keep the big picture in mind:
major US stimulus package coming up by August 7.
That& #39;s the prize. Need to be positioned heavily long for it.
It would be great to get a washout this week and the next to trade long into the end of the month.
major US stimulus package coming up by August 7.
That& #39;s the prize. Need to be positioned heavily long for it.
It would be great to get a washout this week and the next to trade long into the end of the month.
