Pelosi responds - Morning Bullets

May 24, 2019

Your daily source for trading strategies, tech news, and politically incorrect humor.

Fellow eMBers,

The 2020 election poll results are in.

Thank you for voting. Your feedback is greatly appreciated.

Here are the results:

Trump – 84.3%

GOP – 0.8%

Democrat – 14.9%

Based on your responses, Trump has the upper hand.

And I agree with you.

Now… let’s dig into the Morning Bullets.

INVESTOR INSIGHTS – Market Rally Continues… But Will It Last?

I talked about gold yesterday. And I said it will rally over the next several weeks.

The rally kicked off faster than I thought.

Gold futures jumped from 1,273.6 (at the open) to 1,287.1 (at the high of the day).

Nice move.

However, the S&P 500 sold off.

Why?

China trade war uncertainty.

What do I think?

I’m sticking with my comments from May 21, 2019.

I said the stock market is trading in a range.

Between 2,800 (support) and 2,950 (resistance).

Take a look:

My strategy is simple:

I go long around the support level. And I go short around the resistance level.

But I use tight stop losses to protect my capital.

Let’s see what happens today.

YOUR SILICON VALLEY (LIBERAL) OVERLORDS

Facebook is doing spring cleaning.

They announced they removed more than 3 billion fake accounts in 6 months

That’s not a typo… take a look at this article.

They really mean *billion*.

I don’t know if I believe it.

Why?

Because the number is bigger than Facebook’s entire universe of “active” users.

Take a look:

Author: Fredrick Frost

Fedrick Frost is the Editor-in-Chief of Morning Bullets. He mainly writes about Politics, The Economy and breaking news. With over 35 years in jounralism he has been influential in helping the morning bullets newsletter readers be informed every morning. View all posts by Fredrick Frost