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Art Cashin: Once the 10-year yield hits 3% 'all hell' could break loose


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#1 dTraderB

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Posted 23 February 2018 - 07:21 AM

Can't help but notice The Fine Art of Distribution during the previous 3 days as the powerful players sell the rallies. Not complaining since it makes for darn good day trading.

 

But, the BUY THE DIP crowd and fresh money are still providing more fuel for this rally off the 200-ma. 

 

S&P 2030 and 2055/60 are the key resistance levels.

 

Then there is the 10-yr Treasury and Trump

 

Art Cashin: Once the 10-year yield hits 3% 'all hell' could break loose

https://www.cnbc.com...reak-loose.html

If Trump turbocharges economy, Jack Ablin warns, stocks could plunge as much as 15 percent

https://www.cnbc.com...blin-warns.html



#2 saltlake

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Posted 23 February 2018 - 10:20 AM

Possible roadmap today(just for fun)
Sell off at 11am down to 2698
Rally hard after that and trend up the rest of the day hitting 2758
Monday start the decline , fresh swing lows end of next week
This post is probably a really good fade ,lol

#3 dTraderB

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Posted 23 February 2018 - 10:33 AM

The last hour today will confirm whether the rallies are being sold or if the market has regained the confidence of traders to resume the MAJOR uptrend. 

But before that there are several FED speakers. 

I think a good close today will lead into much higher markets next week, at least into month-end. 

S&P 2765 is a another key resistance; if broken, I expect S&O above 2830 by the end of next week,

If the sell-the-rallies continue then S&P 2540 is the downside target. 



#4 NAV

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Posted 23 February 2018 - 10:58 AM

Art Cashin is over-rated. He has been a great wall of worry over the years.

 

Here's something to chew on

 

https://www.bloomber...d-short-squeeze


Edited by NAV, 23 February 2018 - 10:59 AM.

"It's not the knowing that is difficult, but the doing"

 

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#5 Data

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Posted 23 February 2018 - 12:03 PM

It's been reported repeatedly for about six months that there is a large short position in treasuries.

 

Art Cashin and Rick Santelli are only there to provide the appearance of "balance", nothing more.  I haven't watched CNBC in years.  It is just theater.   There was lady "technician" who was also always giving bearish chart patterns.  It turns out that she is just an announcer and moved on to Bloomberg to just report the news.



#6 NAV

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Posted 23 February 2018 - 12:09 PM

 

 

 I haven't watched CNBC in years.  It is just theater.  

 

I realized that when i was 29 years old. It's been 16 years since i have have not watched that crap. Incidentally that's when i quit smoking and switched to red wine. Best things i have done in my life !


"It's not the knowing that is difficult, but the doing"

 

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#7 12SPX

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Posted 23 February 2018 - 01:01 PM

It's been reported repeatedly for about six months that there is a large short position in treasuries.

 

Art Cashin and Rick Santelli are only there to provide the appearance of "balance", nothing more.  I haven't watched CNBC in years.  It is just theater.   There was lady "technician" who was also always giving bearish chart patterns.  It turns out that she is just an announcer and moved on to Bloomberg to just report the news.

Yes most of the people on there are idiots but I've continued to watch it since I was a teenager and it was FNN.  Rick and Art Cashin have great incite in my view, maybe not perfect but they always stick to what they say!  



#8 dTraderB

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Posted 23 February 2018 - 01:51 PM

No offense intended:

I consider Art Cashin's expert comments - since I started trading 22 years ago - more valuable than 99% of experts/analysts/bloggers/commentators



#9 Data

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Posted 23 February 2018 - 02:15 PM

Japanese investors had also been employing hedges when buying treasuries.  When treasuries were yielding 2.3 percent, they were essentialy equivalent to JGBs at 0.1 percent.

 

https://www.bloomber...-japan-s-buyers

 

They've been reportedly selling US treasuries and buying European bonds.  So perhaps the treasury hedges are naked.

 

https://www.bloomber...ing-up-for-good



#10 opinionated

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Posted 25 February 2018 - 01:24 PM

I have traded through two interest rate cycles and none have had the effect this swan dive a few weeks ago did.  IMO they are using that as an excuse. It is not the reason... There is an undisclosed underlying event on the horizon.  The decline started technically and got blown out of shape by Algo's.  

 

The market looks ahead,  And I think there is a major outside event brewing. I think this event what ever it is show's its self nearing Mid March.