A nasty late day reversal, the worst afternoon sell off since 2014, left a bitter taste on what was a rather positive start to the week. Overnight some possible Trade Concessions by China have lifted futures right back to where they were yesterday afternoon before the fall.
Morning Thoughts
Morning Market Perpsective
Morning Perspective
After clinging to support last week into Monthly options expiration, broke through it in the overnight hours to start this week. This morning the downside action has resumed in earnest on the heels of the FED's rate hike, and more 'trade war' talk.
U.S. EXPECTED TO ANNOUNCE IT WILL SUE CHINA AT WTO FOR TRADE LAW VIOLATIONS - WALL STREET JOURNAL
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Market Direction
Paint The Way
Last nights $SPY paint brings back memories of years passed. Namely December 17, 2014. On that day over $200 million of $SPY was bought at prices $5 over the offer. It was akin to walking into a car dealership and saying you want to buy that $180 million car for $20 million more than anyone has ever paid for it before...
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