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Worryingly Dovish - but Bulls holding SPX 2800

20 Mar 2019

Posted by dTraderB in Fearless Forecasters

A rough day...because I had two urgent business meetings and COULD NOT TRADE as I wanted!


Anyway, I did not miss much and NQ was actually up. The BULLS still have the advantage as long as SPX closes above 2800. 


So, why is the FED so darn dovish? are things so bad? 


And, some tough talk from TRUMP with a TARIFF threat; so far, this is just a show across the bow in an attempt to get more 

from the Chines but it would help the markets if there is more finesse and less bluster. 


This from WSJ:


By Ben Walsh |  Wednesday, March 20

Worryingly Dovish. The Federal Reserve delivered pretty much what investors expected on Wednesday afternoon and announced that the Federal Open Markets Committee had left rates unchanged.

Then, it went a bit further and said that there would likely be no rate increases for the rest of the year.

That sent the the Dow, which had briefly turned positive, down 141.71 points or 0.5%, while the S&P 500 dropped 0.3%. The Nasdaq ended up a hair, rising 0.1%. 

The Fed cut its forecast of 2019's annual growth rate to 2.1% and pointed out that inflation has softened to just about 2%. 

Investors appear to be worried about the extent of the Fed's newfound dovishness. If four rate hikes in 2018 were seen as too hawkish – and the slide in stocks late last year indicates that they were – then no rate increase in 2019 seems to be viewed as the actions of a central bank trying to avoid a potential economic hiccup or downturn.

"Equity markets are wondering what the Fed is seeing they are missing,” NatAlliance Securities’ Andrew Brenner wrote. 

"The Fed gave the markets everything they expected, though came across even more dovish than anticipated," said Vanguard's chief economist, Roger Aliaga-Diaz.


DJIA: -0.55% to 25,745.67
S&P 500: -0.29% to 2,824.23
Nasdaq: +0.06% to 7,728.97

The Hot Stock: Netflix +4.6%
The Biggest Loser: Viacom -5.5%

Best Sector: Energy Minerals +2.7%
Worst Sector: Finance -3.7%




  862 Views · 28 Replies ( Last reply by dTraderB )



20 Mar 2019

Posted by da_cheif in Fearless Forecasters

From: #Breeze    of 125506   Here's the Dow moon phase chart. Tonight's the full moon EST. And its a Super Moon. TradingView hasn't labeled the moon yet.



  250 Views · 2 Replies ( Last reply by da_cheif )


Day trading stock options

20 Mar 2019

Posted by diogenes227 in Fearless Forecasters

I'm having fun with this since some guy on Facebook demanded I admit to him this could not be done.  bowrie.gifsmile.png 


From the link:



So far this is just an experiment to see if day trading options on very liquid and popular stocks is viable. It is an attempt by going long on either the call or the put or sometimes both during the day to eliminate or at least mitigate the “greeks”, the complexity of fills on strategies like iron condors, and the margin requirements needed to short options.


Obviously, this is not for those with their own trading rooms nor for hedgers, but for day traders with limited funds to trade, it suggests there are simpler ways to play the options game.


For background and the charts:




And here is a look at the daily ebb and flow of gains and losses from the first $10,000 day trade February 27th:


  131 Views · 0 Replies



20 Mar 2019

Posted by zoropb in Fearless Forecasters

Level is:    6.50 repeats / 3.25

  130 Views · 0 Replies


Actual Position and Market Opinion Poll for Thursday 03/2...

20 Mar 2019

Posted by OEXCHAOS in Fearless Forecasters
Remember, "Partially Long (or Short)" means less than your normal full position. E.g., If you typically use leverage, then 100% long would be "Partially Long".
Check out past Poll results here: http://www.traders-t...n-poll-archive/

  143 Views · 0 Replies

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