Daily Note

The Tweet Is Mightier Than The Sword

Aug 2, 2019

Thomas Thornton

The power of the Tweet from President Trump is astounding. It's worrisome because he is such a wild man with his impulsive comments that can move markets either direction.

With the recent pullback I am taking down some long and short exposure on the Trade Ideas Sheet as I hear he's speaking midday.  I might add some ideas later towards the end of the day.

Bond bullish sentiment remains extreme at 89% and there are more DeMark Countdowns as we have been expected.  I am holding my bond short.

The USD could see a shorter term pullback with extreme bullish sentiment at 89% and a sell Setup 9 on both the DXY and Bloomberg USD Index

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