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09/28/2019 Weekend Update
09/28/2019 Weekend Update
Down 2 weeks in a row, the next week has 64% chances to close up.
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BullBear52x
- Posts: 29584
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 09/28/2019 Weekend Update
From It is what it is department" Next week theme is Fearful marker Friday's low closing the gap and strong rebound from that was quite impressive. I am looking at Fear index and based on short term trend following, I am not ready to buy in just yet. so... bearish bias going into next week for me.
$VIX > 16 is not bulls friendly.
short term down trend and weakness are clear. Rips will be sold. Peace!
$VIX > 16 is not bulls friendly.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Re: 09/28/2019 Weekend Update
Doesn't always work, but shows what the market is fighting against!
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This is not investment or trade advice.
Re: 09/28/2019 Weekend Update
US hitting China again.
U.S. Ban of Cosco Tankers Rattles Oil Transport
in International Shipping News 30/09/2019
Shipping brokers around the world are being swamped with calls from oil traders looking for replacement ships after the U.S. blacklisted dozens of tankers operated by a major Chinese tanker operator.
The U.S. action over allegations that the vessels were tied to illicit shipments of Iranian crude hits about 50 tankers operated by a subsidiary of Cosco Shipping Energy Transportation, one of the world’s largest tanker owners that moves a big part of China’s oil needs.
Washington also warned ports and traders around the world to stop doing business with the Chinese ships.
....
A person with direct knowledge of the matter said Cosco is asking Beijing to make the blacklisting decision part of the U.S.-China trade talks when those negotiations resume in October. The person said senior Communist Party members consider sanctioning Cosco as a direct jab at the Beijing government itself.
“We are very surprised and plan to learn more about the situation,” Cosco said in its first response to the U.S. ban.
https://www.hellenicshippingnews.com/u- ... transport/
U.S. Ban of Cosco Tankers Rattles Oil Transport
in International Shipping News 30/09/2019
Shipping brokers around the world are being swamped with calls from oil traders looking for replacement ships after the U.S. blacklisted dozens of tankers operated by a major Chinese tanker operator.
The U.S. action over allegations that the vessels were tied to illicit shipments of Iranian crude hits about 50 tankers operated by a subsidiary of Cosco Shipping Energy Transportation, one of the world’s largest tanker owners that moves a big part of China’s oil needs.
Washington also warned ports and traders around the world to stop doing business with the Chinese ships.
....
A person with direct knowledge of the matter said Cosco is asking Beijing to make the blacklisting decision part of the U.S.-China trade talks when those negotiations resume in October. The person said senior Communist Party members consider sanctioning Cosco as a direct jab at the Beijing government itself.
“We are very surprised and plan to learn more about the situation,” Cosco said in its first response to the U.S. ban.
https://www.hellenicshippingnews.com/u- ... transport/