Daily Report · September 24, 2021

Morning Pulse 24/09/21

  • As expected after the FED meet, markets opened bullish and continued up wards.
  • DXY dollar index is hovering around 93 mark which if crosses above 94, we may have a problem and experience some correction otherwise it’s just up only market.
  • US markets also rallied after Evergrande situation seems to be sorted out by China.
  • Bears are too much in anticipation of its failure so we know what happens when everyone wants it, nobody gets it.
  • Now the buck has moved towards infrastructure bill passing.
  • Stock specific moves to continue.
  • I am moving towards more of an intraday approach than positional.
  • Selling PE 36500 and below.