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Midweek Moves for Wednesday, May 15, 2019

$QQQ puts are on hold after today.

Watch $ACB's earnings

Be careful betting on another big step down. There isn't an obvious catalyst to prevent a short-term melt up, outside of Trump's twitter account.

The extra 25% tariffs on $325 billion will be an issue in June for markets to assess as that still is a ways off from happening, and the next trade meeting and FOMC meetings are also in June.

Takeaway: nothing obvious ahead that would  cause another 3-5% pull back unless you think the trade war is still not fully priced in, or you're just betting that Trump will say something to tank the markets (while certainly possible, it's hard to bet on that).
(notes from zg 44)

The $LYFT $UBER bear phase will eventually end. Lyft first, then Uber, which is still fresh post-IPO and awaiting bears.

Would you double-down on Nokia $NOK?

Ford $F needs to hold $10. $NIO 6% gain won't last.

$JD back to $30+ soon. Then $35.

Facebook $FB topped out at $195. Downtrend could continue but bulls don't seem to care about the new regulations and security costs ahead.

Share your daily Tuesday gains. Did you trade the bounce?

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