Morning Market Update - Feb. 6, 2020

China rolling back US tariffs (market may go up on this news).

Other than ECB, BOJ, and Fed QE liquiditiy entering the market it appears that students are seeing this FOMO market and using student aid to further aid liquidity.

Larger Corporations like AMZN are permitted to defer taxes for years on billions. These stocks will not go down as they are not reducing cash flow for expenses, as those expenses are being deferred. We will have a hard time with bearish positions with this much liquidity.

When the bearish downturn does happen, it will present an excellent opportunity as this correction will be severe based on the duration it has continued. I will update charts this morning and continue to look for earnings trades and momentum reversals.

Reversals picked for this week and next week are all becoming invalidated as we continue higher.

There are no new adds on Open Orders today as we wait for market decision on direction.

We could correct downward at any time (stuck in no-mans land).

Source -

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