RidetheMacro| DOW Jones
📌 Wall Street closed deeply in the red on Friday and the S&P and Nasdaq linked a third weekly decline, as sharp losses in the tech sector continued. Shares of Big Tech dropped steeply led by Apple (-3.2%), Amazon (-1.8%), and Microsoft (-1.2%). On the earnings side, US Steel rallied 9% after the company reported a smaller-than-expected quarterly loss. On the policy front, Democrats and Republicans are still far from a deal on the coronavirus aid follow-on bill to the previous $2 trillion package. The Dow Jones lost 245 points or 0.9% to 27,657.
🏴 the loss of the technical structure seeks compensation. Still Need a Clear Break of Trend Area also MA death cross help to give a clear view to add shorts with Confidence.
⚡ U.S.-China tensions simmer
Tensions between China and the U.S. also dampened sentiment on Friday after the U.S. government said it will block all TikTok and WeChat downloads in the country on Sunday. Oracle, which is trying to take a minority stake in TikTok-parent ByteDance, fell 0.7%.
Major Technical Areas to watch.
Risky for longs above 27,35x
Risk for shorts above 28,25x
Like, subscribe and leave your comments below! 🤝
Until next time,
Ride the macro
🏴 the loss of the technical structure seeks compensation. Still Need a Clear Break of Trend Area also MA death cross help to give a clear view to add shorts with Confidence.
⚡ U.S.-China tensions simmer
Tensions between China and the U.S. also dampened sentiment on Friday after the U.S. government said it will block all TikTok and WeChat downloads in the country on Sunday. Oracle, which is trying to take a minority stake in TikTok-parent ByteDance, fell 0.7%.
Major Technical Areas to watch.
Risky for longs above 27,35x
Risk for shorts above 28,25x
Like, subscribe and leave your comments below! 🤝
Until next time,
Ride the macro
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