NVDA and Alibaba Pre-Market Rally

Futures are up after 4 down days

Four down days in a row. What naturally happens? Markets rally. The question will be on what level of volume?

Does NVDA and Alibaba’s earnings reports change the overall economic environment? NO. Yet could bring a short-term rally.

Having to meet keep it short this morning to a morning meeting.

For those who are intermediate-term traders, this mornings market move has not changed the overall MACRO economic landscape. What’s missing? Fed Rate hikes are not fully backed into the cake. Rates are projected to go higher along with the deleveraging of the Feds Balance Sheet. These actions are reducing the amount of liquidity in the system. This does not move market higher.

Risk manage.

Live Loud!

Trent

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