Hello everybody,
Our disposition for today remains absolutely the same today as yesterday (to be confirmed as usual at 2.45 Chicago time for our subscribers). With one E-mini (or similar) contract short, we are awaiting a signal for strengthening our short position by selling short one more if the S&P500 is sufficiently high.
Fundamental data brings no surprises, while technically, the momentum pushing stocks higher has stalled for now, and there should be a period of some regrouping if stocks are to go significantly higher again.
On the political front, the House will pass over the impeachment case to the Senate today. Meanwhile, new evidence has emerged of the Trump adminisration attempts to obtain dirt on Democratic candidate Biden and his son in Ukraine. We'll soon see how it influences the case.
Also today, as usual on Wednesdays, the EIA will make public the level of petroleum inventories. Several Fed Reserve officials are going to deliver speeches this week.
Good luck,
ELP team
Our disposition for today remains absolutely the same today as yesterday (to be confirmed as usual at 2.45 Chicago time for our subscribers). With one E-mini (or similar) contract short, we are awaiting a signal for strengthening our short position by selling short one more if the S&P500 is sufficiently high.
Fundamental data brings no surprises, while technically, the momentum pushing stocks higher has stalled for now, and there should be a period of some regrouping if stocks are to go significantly higher again.
On the political front, the House will pass over the impeachment case to the Senate today. Meanwhile, new evidence has emerged of the Trump adminisration attempts to obtain dirt on Democratic candidate Biden and his son in Ukraine. We'll soon see how it influences the case.
Also today, as usual on Wednesdays, the EIA will make public the level of petroleum inventories. Several Fed Reserve officials are going to deliver speeches this week.
Good luck,
ELP team
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