Igor-Silva

SPY - DAY TRADE

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Hi, today we are going to talk about SPY and its current landscape.

Despite the recent shaken over the "phase one" of the Trade Deal between the U.S and China, last weekend, the Vice Premier Liu He reinforced that the negotiations still going on and already made substantial progress in several aspects. These affirmations should feed the hope of the market in the stability and progress of the deal. Another prominent factor for the markets has been the earning season, and this week, its influence should reach a higher level as heavyweights companies like Amazon and Microsoft are going to report their earnings.

We have another quiet economic data week ahead, so beyond the aspects, we already address above, the other fact that it's worthy of keeping an eye out for its the Boeing crisis. Where the company tangles with the FAA, over the 737 Max model involved in the Indonesia and Ethiopia catastrophes, new facts that have surge shows that Boeing employees already knew about the problems before the accidents. So new developments over this matter may shake the indexes again.


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