Quote of The Day “Understanding how to act under conditions of incomplete information is the highest and most urgent human pursuit.”
― Nassim Nicholas Taleb |
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How To Use TAOST Daily Wrap [Video] I should have added done and added this a long time... oh well... sue me. |
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Share... Friends don't let friends trade without TAOST
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Index, ETF and Select Single Stock Performance |
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A Few Headlines Of The Day - Overnight index performances: Hong Kong -1.58%; German DAX -1.89%
- Theresa May expected to resign [pre US mkt open]
- Macro Data: Initial Unemployment Claims; Markit Services & Manufacturing Data; New Home Sales
- Energy prices led stocks sharply lower early as crude futures fell sharply dipping below $60...
- Trade war fears stoked further by statement from China that the US must "address its wrong actions" before negotiations can continue
- US Technology has huge exposure to China (both supply and customer) so trade war hitting companies especially hard
- Best Buy started 2019 strong, but trade war denting stock performance
- FOMC minutes said weak inflation temporary
- TSLA bounce on Elon Musk promise of record sales
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TAOST ES Power Zones & POIs Today The "heaviness" that was apparent yesterday showed up in full force today. The action was downward and forcefully so pretty much from the opening bell. A pretty decent rally into the close, but absent good headlines overnight, sellers likely to resume pressing the issue tomorrow as we head into the weekend. |
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| 120m Chart -- This swing setup yielded good results for a couple of folks this week. |
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Basic Index ETF Performance S&P 500 ETF [SPY]Price bore witness to the heaviness that was apparent yesterday... Now we'll have to see if the support around $280 can hold. |
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TAOST Stalk Stock Atlassian [TEAM]Stock clearly broke through resistance to new highs already, but a pullback would present a nice low risk entry point... |
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As always, make up your own mind and, more important, minimize your risk no matter what you do.
KIS,
The Trader
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P.S. Was this email forwarded to you? Get your own free ticket to the $ party here.
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