The bears den

[coolhead]

10mins ago futures was even, suddenly -0.55% for s&p500.

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[coolhead]

10mins ago futures was even, suddenly -0.55% for s&p500.

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Ok not -0.55% anymore, it's -0.9%.

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[revhappy]

Ok not -0.55% anymore, it's -0.9%.

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Yeah, I wonder what happened?

 

[DukeCS33]

Yeah, I wonder what happened?

US to impose 5% tariffs on all Mexican imports from 10 June.

 

[tsipacse]

From reuters news:

JUST IN: Trump says U.S. will impose a 5% tariff on all goods coming from Mexico over illegal immigration,*starting on June 10

Yeah, I wonder what happened?

 

[Dividends Warrior]

Yeah, I wonder what happened?

China released manufacturing and non-manufacturing numbers today

https://tradingeconomics.com/china/calendar

 

[coolhead]

Yeah, I wonder what happened?

Maybe its algorithm selling down futures due to breaching 2775?

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[coolhead]

China released manufacturing and non-manufacturing numbers today

https://tradingeconomics.com/china/calendar

Released or releasing? But it shouldn't impact if not released yet.

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[coolhead]

2 news came up: 1 is Mexican tariff. But no idea why it's such a big deal because I still get to eat my tacos in Singapore.
Let's taco bout the other news: countries buying Iranian oil may face sanctions .


Thanks trump. I love u.

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[revhappy]

US to impose 5% tariffs on all Mexican imports from 10 June.

Wow! Now what happens to USMCA? It was not even ratified. Trump is really a chaos man.

 

[revhappy]

2 news came up: 1 is Mexican tariff. But no idea why it's such a big deal because I still get to eat my tacos in Singapore.
Let's taco bout the other news: countries buying Iranian oil may face sanctions .


Thanks trump. I love u.

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I hope countries push back on the Iran oil sanctions, HK said they don't care about unilateral sanctions. Hope other countries also develop some balls.

 

[coolhead]

Wow! Now what happens to USMCA? It was not even ratified. Trump is really a chaos man.

But why does this bilateral trade even cause such a big fall?

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[DukeCS33]

The market is already in a fragile state over trade tariffs... adding another front would not help. Tariffs will ultimately increase costs and hurt the consumers... and coming at a time like this would likely detract from the economy.

 

[DukeCS33]

Wow! Now what happens to USMCA? It was not even ratified. Trump is really a chaos man.

Trump could not get his border wall so now he is using this to push Mexico to stem the flood of illegal migrants.

 

[revhappy]

Always do opposite of what Larry Fink says.

 

[DukeCS33]

It is getting so hard to swing trade. There are not any ideal short setups and plentiful of long swing ones. The dilemma I have is that I am fundamentally bearish, the S&P trades below 50 and 200 day MA and hence I have little confidence in taking long positions.... the odds weights heavily against those who trade longs when the index is falling or showing bearish tendencies beyond those that resulted from corrections.

 

[SBC]

STI leilong today

 

[coolhead]

It is getting so hard to swing trade. There are not any ideal short setups and plentiful of long swing ones. The dilemma I have is that I am fundamentally bearish, the S&P trades below 50 and 200 day MA and hence I have little confidence in taking long positions.... the odds weights heavily against those who trade longs when the index is falling or showing bearish tendencies beyond those that resulted from corrections.

Around 10-10.30pm Singapore time can start to short US index Liao if the futures beforehand is green. That's the trend so far for past week.
So far it seems to be one day green one day red. So far the past 4 Mondays has been red if my memory serves me right. I'm not so sure about next Monday since this Friday is most likely going to be red.

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[theMKR]

IRCC, every friday is red, until last minute bounce up.

 

[coolhead]

IRCC, every friday is red, until last minute bounce up.

I tot it's the opposite leh, Friday usually green then last half hour it'll dive down..

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