If I were you, I wouldn't go long or short until we leave the support/resistance zone that is quite large because of market volatility. We are not in a full bear market, but in bear mode, so a long position is riskier than a short position.
What can push prices up? - Stock buybacks - The story of the everlasting bull market - Change in FED's opinion to defer next rate hike (return to dovish monetary policy) - A consensus in the trade agreements between US and China, EU and GB - Strong global economy due to positive consumer sentiment
What can push prices down? - Rising interest rates and bond yields - Escalation of the trade war (more tariffs) - Budget spending clash in Europe - Ongoing currency devaluation in the emerging markets - A flattening economy
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Big news: U.S. President Donald Trump wants to seal a trade deal with China!
+3 for team BULL
Revised lighter guidance for Apple and slowing market sales US productivity growth slows to a 2.2% rate in the third quarter!
+1 for team BEAR + 1 for team BEAR
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Treasure Note Yield > 3.2% +2 for team BEAR Midterm elections (the harmstrung government cannot change the current policies) + 1 for team Bull
==> Bull / Bear standoff for the moment
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Rising dollar +2 for team BEAR
I don't know if this US president is member of team BEAR.
Stay short ...
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Warning for big sell off in china if dollar continues to surge. Surely this is going to affect the Tech stocks in general!
+1 for team BEAR