Short Term Trading Weekend Lounge 30th Nov - 2nd Dec, page-32

Correction: Apparently I need a time zone calculator

Incoming
Apart from the obviously important results of the G-20 thing, there are several economic points on Monday. ISM Index and Construction Spending are both out at 10:00ET or 23:00AWST/02:00AET.

Such a disingenuous series of tweets - not just bargaining tactics, they reflect his very essence. Never ending entertainment. The good news is that it appears that existing 10% tariffs on 200B may not automatically become 25% tariffs come 1 January. Take this information carefully, of course, and in view of the notion that the president needs more margin to the upside in this market. We are at a new level of post truth, and the problem with it all is that in serious situations, a leader needs to be trusted. And serious situations will come. In fact there are a few I want to put out for your appraisal soon.

As far as Monday's open, news combines with technicals and the technicals are very bullish if the news is neutral to positive. The ES futures moves looks very rational to me. That is to say that even though the moves to the upside were large, starting Wednesday of last week, the profile foundation looks like it is strong enough to support a move higher. Some of it will be short covering and volume will help determine if last week's 'test pilots' bravery will lead to a bullish armada or a hasty retreat from the SPX 2815 area...assuming we get there straight away.