Market Overview

  • Premarket Up
  • BTC Up
  • Gold Up
  • WTI Up
  • Brent Up
  • Bonds Down
  • Vix Down
  • Again, Again, Again....Trump said further trade talk: The future market was down more than 1% overnight but it's up on massive recovery after Trump talked.
    • Let me clarify the situation...Xi is winning the battle. China only needs to wait until next US presidential election. The only thing that Trump would want to avoid during his presidency is the Market Collapse. So there's a conflict between what Trump wants and Trump's personality. How many times we shall see further 2% swings in the market only because Trump tweets again.....
    • Personally, I'd rather want to see the recession over this madness uncertainty as a stock investor.
  • Bond yield curve stays inverted and 10 yr treasury fell to lowest since 2016.
  • German Business confidence hits 7 YR low.
  • Core Durable Goods orders data at 8:30 AM

Flags from Friday

B2-ABT Up by 0.4%
R-SDS Down by 1.33%
Short-BRK.B Down by 0.55%


Extra


Short Flag: When short fails, it usually leads to a big bounce followed by a Rally. I consider this as an opportunity for a bonus day trade.