The Swamp

+20 handles for SPX -

CNBC - Good news in US because of the strong actions taken

case numbers in US don't go up

lol

COT report for Feb 25, 2020, continuing the same theme as last week , the institutions have closed a lot EurUsd longs and added more EurUsd shorts for the week..

The institutions aren't always right. Blind leading the blind sometimes. Hope your theory that the Euro will go down is right. Have a nice weekend.


Cheers

Jeff

They might not be right.. but they are the ones who move the market ...

I just added Eur short at 1.1043 at rebound... I am betting on this...
Have a good weekend ,..

Changed my mind , instead holding, I closed it with +15 pips.. will try again next week..

Iran is getting bad. A news agency called hospitals and got a higher death number today (210). The government may not be able to keep up with the count.
Look at the recovery/death number. Of those with an outcome. 46.6% death using gov numbers. The numbers can't be trusted. But it seems very high. Using the 210 number would make it worse.

3 new confirmed cases are popping up in California. No known contact, no visits to suspect countries. No contact with individuals from suspect countries. Origin unknown.

I want to compliment you. You know more about what's going on, then many people I know in the U.S. I say this in disgust. The flu is very contagious, apparently stupidity is contagious to a greater degree.

In 1918 approximately 1/3 of the world population got the flu. Before most world travel, and most people had cars. We got over 7.5 billion people.. 2% is still many of millions of people. 270 million Americans at 2% death rate is still 4.6 million Americans. 1/3 is 1.38 million. And we dont even have a working test kit to quarantine the sick.

Imagine no test kits. And each time a sick infected corona patient comes through a hospital. The entire treating staff is quarantined because of exposure. It dont take too long, to lose all the medical personal.

And these morons knowingly sent exposed people back out in the public.

If a terrorist did this, and people died. I dont think it would be debatable.

A real story coming up. Spoke to a friend in my town in sweden. Told me his friend landed from italy and got instructions to contact hospital for examination. That same guy ignores instructions and goes back to work at a supermarket. Some days later he gets sick with the virus.
the stupidity of people today makes me scared
having a young daughter and having type 1 diabetes myself the fear is creeping in fast

Case in Oregon now. The person works at a Elementary school.

A person that gambles with another person's children's life. May have more than the virus to fear.

I asked you to remove this crap 13 hours ago. People will die with some of this nonsense. You forced me to remove it.

China official PMIs February: Manufacturing 35.7 (expected 45.0) Non-manufacturing 29.6 (expected 51.0).

Worst ever reading of PMIs..more blood bath coming next week it seems..

There were talks about global coordinated central banks rate cut
.
Will euro go to 1.12 In this case..

Thank you

another thing that is happening in most countries is real numbers are not reported. I've got connections here with doctors and politicians
Numbers reported are not real, the confirmed ones. like right now there are 3 cases confirmed here but there are more than 10.000 quarantined. From what I know a lot of confirmed cases and unfortunately the theme here and maybe on other countries "let's no panic people it will get worse". Also like most of the countries the theme is - Send people home to show some of them recovered. So for example the first case of coronavirus reported here was a Male 20 years old. I am not sure if it's home but all media reported that he no longer test positive and that he was sent home asking him to come to be tested again on Monday. So everyone is now reporting on this man. And this is what I see everywhere, concentration on less number than actual, and then showing how people are getting well and only the oldest are in risk, and for sure they had other issues.

Now on China statistics looks almost perfect (like always also with economic data), numbers of ill people are decreasing even if 5-10 patience a day, numbers are decreasing. mortality rate i see it a little increase but until now it was almost like if you were to make a math formula you would know almost exactly the numbers for the next day. I also speak with Chinese business man here and as I've said and don't want to be disrespectful but they don't talk about the subject at all. So here is another strategy of "well contain virus"

now regarding USA. i think it's something right from Trump admin , because if you follow him long enough or read his books this was always his strategy
He is always speaking big words, best country, best team, best medical team, greatest country and all. biggest deal ever, biggest response on corona, USA is safest ever, and my humble view is that this things worked on a philological level but it's a game plan. regarding kits and everything. I do consider USA the strongest country right now not sure if in all history compared. Yesterday I was convinced that Stock market with end positive in US and it will make a big comeback, everything seems to be very well coordinated, from media, to markets, fed, it's a different control than in China, but it's a powerful one. Not into conspiracy theory's since I had 2009 experience with conspiracy theory's and was very bad for trading and investment back then. but this is how things work. So for USA marketing is extremely powerful and a weapon to control. Also at this point USA has really big advantages compared to Europe and China.

So in conclusion there are at least 3 strategy here on how every country likes to be seen. I've even heard here everybody praising China for being very hard on it's people and communist country's have advantages on this. Look on how Iran is reporting politicians with corona virus, the ones with decisions. while IRAN is negotiating some deal with USA.

on a different tone. just like 1990 movies. we all see this side of the most powerful president of the most powerful country
But we need to careful on data and charts because if you go on one extreme (super positive or conspiracy theory's) it's really risky in trading

this was my view yesterday. and it happened even if all the move was again in the last 20 minutes of trading.

Same view about the country's and what's important to the business capitalist world is this powerful image sent everywhere

"our investors are stupid, panic, sell everything, look at the boys and girls from USA, investors that instead of panic they step in and buy. it's a very powerful image for the whole investors/traders worldwide and financial institution and markets and after the weekend, nobody will remember everything happen in the last 15-20 minutes

Have a great weekend all. much love and health to you and your families.

eu fib level bounces.
i am fan of the 61.8 level.