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Stocks Are Heading Toward The Light At The End Of The Tunnel

Published 08/30/2019, 01:55 AM
Updated 09/20/2023, 06:34 AM

U..S Markets

International Markets

  • Nikkei -0.09%
  • HSI +0.34%
  • Shanghai -0.10%
  • KOSPI -0.4%
  • DAX +1.2%
  • FTSE +1.13%
  • Heading Towards The Light

    When a trade goes wrong, and the market gives you a chance to get out, you take it. You get out as fast as you can.

    If I were President Trump, and China is openly saying they want to make a deal, you take it. Figure it out, and get it done. Even if it’s not a great deal on paper, it can be spun however you want it. This has dragged on long enough, and everyone is tired of hearing about.

    Once that is behind you, run to congress and do a $2 trillion infrastructure bill and finance it with 30-year debt. Take advantage of these record low rates.

    That is what I would do, but then again, I’m not the President, and probably never will be.

    S&P 500 (SPY (NYSE:SPY))

    S&P 500 E-Mini Futures Chart

    The good news is that the S&P 500 future are rising above 2,900 and now moving towards 2,935 once again. It moves us closer to the edge of the forest.

    VIX

    Volatility S&P 500 Index

    The VIX is heading lower today, dropping to around 18.5 and heading quickly to 17.50

    Russell (IWM)

    The IWM, a proxy for the Russell, is breaking a downtrend heading towards $151.

    Russell 2000 ETF Chart

    Apple (NASDAQ:AAPL)

    Apple Inc Chart

    Apple (NASDAQ:AAPL) is heading back towards resistance at $209.50 and probably back towards $213

    AMD (AMD)

    AMD is also breaking a downtrend and is heading towards $32.70.

    AMD Chart

    Tesla (NASDAQ:TSLA)

    Tesla (NASDAQ:TSLA) is rising towards the upper end of the channel around $223.

    Tesla Inc Chart

    AT&T (T)

    AT&T Inc Chart

    AT&T is rising today, and I think the stock is heading to $36.20. AT&T: The Trend Is Your Friend

    Silver (SLV)

    Man, those options traders nailed the SLV trade. It’s up past my target of $17.25. I first noted heavy options buying in the SLV on August 12 Betting That Silver Continues To Rise.

    SLV Chart

    Original Post

    Latest comments

    Are you daft?
    Don’t quit your day job Mike.
    so, more inflated stock prices and debt is good news? i must still be asleep
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