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No idea up or down from here, probably bias is up.
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FOR THE BULLS:
Goldman is advising its clients to increase their tech holdings … they prefer companies in the subcategory of software and services, and offer 16 names within that category: https://www.marketwatch.com/story/it-is ... =rss&rss=1
FOR THE BEARS:
China accounts for over 19% of the world’s GDP … Nearly a third of the Chinese population is reportedly under quarantine.
Demand for oil has collapsed
Copper demand has taken a hit … ditto liquefied natural gas
The Baltic Dry Index—a key barometer of global trade activity—has declined as well.
Dwindling Buybacks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x wrote:Don't know if gap will fill today, if gap rules applied it will not fill today, will see.
What are your gap rules? Thanks! .
1. Always trade in gap direction if not fill right away. small gap or big gap
2. large gaps (10 handles or more) will not fill in one day. less likely to fill in one day
3. large gaps is always hard to trade and most likely gap and stay sideways flat. avoid over trade on them.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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This morning all the resting liquidity was up in this range, almost zero buy orders which is unusual. FT71 plan was to go short up here and ride it down for a 10 point trade. First part has worked out, now we will see about the ride it down for 10.
Looks like a pullback here is likely. Anyway, if breakout with strong bull bar here then it's an uptrend day, key time.
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