Good Season for Stocks - Second Attempt
Fundamentals & Sentiment
USD:
- Fed's stance is stable: wait and see
- Weak Services PMI, Employment, Factory Orders
- Expectations of lower NFP number tomorrow
SPX500:
- Nvidia leads, AI theme
- Pre-election debates: seasonals are skewed to the upside
- General resistance of stocks lately
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Up
Long-term: Up
Min target: 3:1
Risk: 0.61%
USD:
- Fed's stance is stable: wait and see
- Weak Services PMI, Employment, Factory Orders
- Expectations of lower NFP number tomorrow
SPX500:
- Nvidia leads, AI theme
- Pre-election debates: seasonals are skewed to the upside
- General resistance of stocks lately
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Up
Long-term: Up
Min target: 3:1
Risk: 0.61%
Trade active
Yesterday CPI was a decent miss, but the employment was decent, giving a hawkish tone to the release. The price initially spiked up reacting to the CPI but tumbled down violently afterwards apparently due to good employment and overpopulated with buyers.I haven't sold anything, although I feel like I should've unloaded at least partially at a tight trailing stop after the failed CPI spike.
Burned a lot of paper profits. Lack of the interim trade management. I couldn't 100% follow the market shortly after the release though.
Note
PPI printed hot but the price failed to keep lower quite aggressively. So, looks like a news failure, adding to my longs.Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.