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$Citius Pharmaceuticals (CTXR.US)$ Here's one I've had before with outstanding results earlier in the year,going from 1.33 to near 4.Then up and down riding the rail again making profits ea time. Just got all patients setup for a Phase 3 Trial expected to complete in mid 2022 with BLA Aproved Use of the Product at that time.Went Green TODAY,and it's at a good time to start thinking about picking it up in this range. Read today's News and DD definitely required to make certain you understand what you're working with. I'll probably be picking it up when i can arrange funds for a position. Imho a good biopharm play.
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If the consensus is correct, the last time inflation was this high was in the early years of the Reagan administration – as the U.S. found itself amid a steep and persistent recession. The Labor Department on Friday morning will release November’s consumer price index, a gauge that measures the cost of dozens of items. The index covers common goods including gasoline and ground beef, but extends into more detailed purchases such as frozen vegetables, indoor plants and flowers and pet supplies.
Wall Street expects the the index to reflect a 0.7% gain for the month, which would translate into a 6.7% increase from a year ago, according to Dow Jones estimates. Excluding food and energy, so-called core CPI is projected to rise 0.5% on a monthly basis and 4.9% on an annual basis. If those estimates are correct, it would be the highest year-over-year reading for headline CPI since June 1982, when the index surpassed 7% after topping out at over 14% in both March and April 1980, a record that still stands. On core, the level would be the highest since June 1991.
The Fed already is reacting to inflation and is soon to do more. At its meeting next week, the central bank is expected to speed up the pace at which it is withdrawing economic support. In practice, that means likely doubling the taper in bond purchases to $30 billion a month. That would bring a program that had seen $120 billion a month in purchases to an end by around March 2022. After that, the Fed could start raising interest rates if inflation is still a problem.
-Wall Street expects the the consumer price index on Friday to reflect a 0.7% gain for November, which would translate into a 6.7% increase from a year ago.
-If that is accurate, it will mark the highest year over year level since 1982.
-Though markets expect a high reading, investors worry that the Fed might react aggressively to one that is even above concencus
If you wish to leverage on this consider using DLCs,
$Hang Seng Index (800000.HK)$
5x short $HSI 5xShortSG230420 (CXQW.SG)$
5x long $HSI 5xLongSG230420 (CWAW.SG)$
Wall Street expects the the index to reflect a 0.7% gain for the month, which would translate into a 6.7% increase from a year ago, according to Dow Jones estimates. Excluding food and energy, so-called core CPI is projected to rise 0.5% on a monthly basis and 4.9% on an annual basis. If those estimates are correct, it would be the highest year-over-year reading for headline CPI since June 1982, when the index surpassed 7% after topping out at over 14% in both March and April 1980, a record that still stands. On core, the level would be the highest since June 1991.
The Fed already is reacting to inflation and is soon to do more. At its meeting next week, the central bank is expected to speed up the pace at which it is withdrawing economic support. In practice, that means likely doubling the taper in bond purchases to $30 billion a month. That would bring a program that had seen $120 billion a month in purchases to an end by around March 2022. After that, the Fed could start raising interest rates if inflation is still a problem.
-Wall Street expects the the consumer price index on Friday to reflect a 0.7% gain for November, which would translate into a 6.7% increase from a year ago.
-If that is accurate, it will mark the highest year over year level since 1982.
-Though markets expect a high reading, investors worry that the Fed might react aggressively to one that is even above concencus
If you wish to leverage on this consider using DLCs,
$Hang Seng Index (800000.HK)$
5x short $HSI 5xShortSG230420 (CXQW.SG)$
5x long $HSI 5xLongSG230420 (CWAW.SG)$
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$Hang Seng Index (800000.HK)$ Hong Kong stocks are the barometer reflecting the fundamentals of the economy.
Translated
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$Futu Holdings Ltd (FUTU.US)$ Futu seems to be on the next leg down after failing to break above 50.45 support turned resistance again on Tuesday. We will see if this leg brings us to the 45.2 support. 45.20 is not a key support and it is merely the top of the demand supply zone of the bottom consolidation zone. Do watch my video if you have not to find out the key support levels if you are looking to dollar cost average in or find a good entry point for a swing trade.
Downward trend is still strong and its not a buy the dip scenario for futu as of now.
As always, trade safe & invest wise!
Do subscribe to my new YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/channel/UCyPNjiwKhSL1p37lqyowuZw
Downward trend is still strong and its not a buy the dip scenario for futu as of now.
As always, trade safe & invest wise!
Do subscribe to my new YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/channel/UCyPNjiwKhSL1p37lqyowuZw
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$UP Fintech (TIGR.US)$ $Futu Holdings Ltd (FUTU.US)$ will start flying soon.. remember to take profit
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$Alibaba (BABA.US)$ This doesn't make sense. A $78k fine is nothing. There's probably holders of these stocks that lost more than that on their stock holdings today and would have been happy to pay off the fine themselves on the companies' behalf instead.
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