Trump has reportedly asked officials to draft a possible trade deal with China https://www.cnbc.com/2018/11/02/us-...-reportedly-asks-officials-to-draft-deal.html Futures spiking on the news
Good morning! Running a bit late this AM with the pre-market thread. Better late than not I guess... <-- click there to read! Hope everyone has a good final trading day of the week today.
Here is a quick look into next week's notable ERs for those who like to get out ahead of these on Friday- ...and here are Monday's AM notable earnings- ($SOGO $RACE $SYY $SEAS $MYL $L $PCG $FOLD $WRK $DO $TA $DFRG $KOS $GLMD $OHI $SOHU $CNA $CRNT $ADL $KMPR $PEGI $NS $NERV $TIER $RBC $HAIR $HUD $INVH $CYOU $QTNT $DXPE $WBT $BRG $SRC $XENT $XHR $DEA $SHO $PGRE $ASC $EPRT $OXLC)
Fake news I guess, now WH saying no such thing is in the work Asian markets popping hard on the news last night
While the jobs report was a good news for the economy, it might be kinda bad for the stock market Looks like interesting rates are up pretty nicely for the day
My theory continues to inform me that the 2800 test will happen. But I think the buy area is around 2600 to 2650. So, if it collapses to that area, a person could buy for a nice profit at some point. It went to 2754 today. That suggests that indeed that 2800+ level is the goal for the bulls at some point.
Then Kudlow came out and said that there was no significant movement - ...and back down we go almost 300 DOW pts, then the president tweets that he is having dinner with Chi and we bounce 150 points. LOL regardless of what you think of this kind of manipulation you just have to believe that Elon Musk is scratching his head right now.
So , I think this is a very typical bear flag. It is very common for the first bounce to pull back to the ma(9) and the 2nd attempt needs a deeper pull back usually to the ma(20). I think 2692 is in the works and a fail there goes almost straight to 2582.
You too @stock1234 Thank you and everyone else for all the great contributions to this thread this week! Also great seeing @Steven_Burt back
