My dreams of a crashing Dow have come to an end, unfortunately, thanks to Donald Trump and another trade war victory against China.
Stocks hit session highs after Trump says China deal could happen sooner than some think https://t.co/9JaVe0SoCV pic.twitter.com/DU8osV5mtg
— CNBC Now (@CNBCnow) September 25, 2019
One could argue that believing in such rhetoric for the thousandth time is beyond silly, even fucking stupid. But it is what it is, isn’t it? Stocks are begging for a reason to jimmy higher. A Chinese trade deal is just around the bend, trust in Trump.
The Dow shot higher and is now +150. My opinions of whether these gains can stick are not conducive with your world views, so I’ll reserve them for later.
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You can only cry “Trade deal done” so many time before people stop belieiving it. “Surge” is a very generous description of the market’s reaction.
I’m hoping that it’s enough to get SPY to 298 so that i can buy some puts at a better price.
Nice little head and shoulders (short-term) shaping-up in gold. Target in low 1400s
SPY failed at $298 resistance
https://ibankcoin.com/flyblog/2019/09/25/markets-surge-based-off-another-trump-trade-war-victory/#comment-563638
https://ibankcoin.com/flyblog/2019/10/01/welcome-q4-2019-expect/#comment-563732
Where is SPY now?
“It rubs the lotion on its skin. It does this whenever it is told. ”