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Good luck and happy trading. Posted on SPY

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farooq Member Level  Thursday, 12/13/18 01:41:15 PM
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Good luck and happy trading. Posted on SPY board some do not visit there so for them, Here is my take on market,
Market started going down when China trade fears started to be real, Feb April was initial reaction.
Mean while interest rate hike policy created some problem for Deutsche bank and GE financial arm. So fear of financial melt down started creeping in.
On last drop Financial ETF drop the most.
Now Deutsche bank is merged and GE probably will be managed, JPM upgrade shows it.
So today MM will try 264.20 and try to test 262.50 one more time (May be)and then race to 283.55 or new low depending on fear or greed.
If China trade issue is resolved in Future; market will try to make new high.
Last Democratic encounter shows Mr. trump will not have free hand.
Optimism will die down.
In current health care environment health premium debacle Democrat will lose all branches again.
Obama care is deal breaker for upper 45000 income house hold. Deductibles are too high and premium are too.
Farooq



Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

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