Identify on the chart where they enter, where they place their stops, & where they get trapped Then, begin to formulate trading plans/strategies that allow you to join the trap setters
Archives of “November 22, 2021” day
rssThis teacher failed the entire class.
In other news, here is World’s richest person making a move that justifies why he is the ‘World’s richest person.’
US President Biden to speak on the economy and inflation on Tuesday
Biden will “deliver remarks on the economy and lowering prices for the American people”.
That’s on Tuesday, not Monday, so a good while off yet.
There are no further details I’ve seen. Perhaps he will have an announcement on his choice for the next Federal Reserve Chair. A decision on that is expected sometime before Thanksgiving, which is later in the week.
Wall Street Journal says global supply-chain woes are beginning to recede, still danger
An article in the Journal says while supply disruptions are easing there are still blockages to be dealt with.
WSJ on improvements:
- most big U.S. retailers have imported what they need for the holiday season, gradually opening up space on the front end of the trip
- The cost to move a container across the Pacific fell by more than a quarter in the week ended Nov. 12, the biggest decline in two years. Rates rose about 5% this week to about $14,700 per 40-foot container and are still more than three times year-ago levels, according to the Freightos Baltic Index.
- German shipowner Jan Held said congestion, particularly in Asia, is getting better.
However:
- ongoing port congestion in the U.S., shortages of truck drivers and elevated global freight rates continue to hang over any recovery. The risk of more extreme weather and flare-ups of Covid-19 cases can also threaten to clog up supply chains again.
Link to the full piece is here (may be gated)
Russian troop build-up near Ukraine – invasion possible in early 2022
This is across the media outler but ICYMI. Military Times citing the head of Ukraine’s defence intelligence agency:
- Russia has more than 92,000 troops amassed around Ukraine’s borders
- is preparing for an attack by the end of January or beginning of February
Other news outlets along similar lines, saying the US has shared intelligence with European allies also showing a build-up of Russian troops and artillery.
Oil futures have opened (lower) to begin the week
WTI oil has opened lower, the Cl contract dropped briefly under US$75 at the start of trading on Sunday evening US time.
Thought For A Day
