Death of the Dollar, Again: Before You Mourn, See This Chart
By Nico Isaac
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0730.ET
Far East Markets are Down over 1% .. European Markets are slightly-Mixed .. US Markets/Futures are Up slightly.
Without considering Economic Events due out, this shapes up nicely for a small Up Open and Shorting opportunity . . but watch and see how the Market unfolds first.
QQQQ/SPY are currently Trading at 43.07 / 107.30
QQQQ Resistance is at 43.30, then 43.70 – 43.80
QQQQ Support is at 42.80 – 42.90, then 42.70, then 42.4x
There are Big Economic Events out this morning starting at 0745.ET . . pay attention to them and be careful!
I’ll be looking to Short Microsoft (MSFT) as well today .. like I did very Profitably last week . . . 28.50 is a key Support level . . I’ll be looking to Buy PUT Options on an Up Open that stalls before breaking above 28.80
QQQQ can be Traded in a similar fashion with 43.30 being key overhead Resistance and 42.80 as the Support level that Bears would want to take out.
AMC Commentary
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