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#11 diogenes227

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Posted 02 April 2018 - 11:33 AM

I think there will be some longer term plays available now...

 

I'm thinking this entire Trump rally is going to be given back now... Nasdaq 5200 or so... (Fits nicely with old dotcom high in a grand consolidation)

 

NINCOMPOOPS ON PARADE

 

From the link:

 

 

The Senate earlier this month cleared a bipartisan bill that would exempt dozens of lenders from stricter federal oversight, sending it to the House.

 

The measure is a longtime goal of Republicans and the financial services industry. But Speaker Paul Ryan (R-Wis.) is keeping the bill off the House floor until senators agree to add on a slew of banking reforms that have passed the lower chamber.

 

Senators are resisting any changes to the bill, arguing their bill is the result of hard-fought negotiations and the best chance for sweeping bipartisan reform of Dodd-Frank.

The deadlock has lobbyists for the banking industry and credit unions growing increasingly frustrated with the House. They plan to raise pressure during the two-week Easter recess for the House to take up the bill.

 

I, for one, am looking forward to these guys' rush to put the Dodd-Frank rollback label at the top of this bull market just because it will be so obvious a folly. (It is possible the prospect of a rollback has been enough and it's already in the market but won't know that for sure until it's obvious the bear is here in earnest.)

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#12 SemiBizz

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Posted 02 April 2018 - 12:41 PM

Oh, and for the record... DB made a new low today...

 

More coming on that soon, I suspect...


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#13 SemiBizz

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Posted 02 April 2018 - 01:06 PM

Next Good Nasdaq support is 6776...

 

yes.gif


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#14 diogenes227

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Posted 02 April 2018 - 01:14 PM

Oh, and for the record... DB made a new low today...

 

More coming on that soon, I suspect...

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#15 MaryAM

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Posted 02 April 2018 - 01:35 PM

Not to worry - all this "new" money has to go somewhere.  The market will come back up as soon as they stop blaming Trump for doing anything to cause it to fall - and those setting up to fall - hedged the direction and are profiting both ways.  

 

https://www.newyorkf...lastTwenty.html



#16 SemiBizz

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Posted 02 April 2018 - 01:45 PM

Recent evidence shows that "excess funds" are being applied to paying down debt...

 

No bounce at all from tax cut.


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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#17 gm_general

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Posted 02 April 2018 - 02:29 PM

Not to get ahead of things, but I would be looking to buy when SPX MACD contacts the support line as indicated with a red circle. Note the last time in 2015 this MACD contacted the top resistance line the index oscillated up and down 3-4 times reaching lower highs before it barfed up a lung into 1/20/2016, when it hit the support line shown. It did very similar here so far, hitting the top MACD line and oscillating. It this thing is quick the "MACD points" will be spent in a short amount of time - if the longs fight, it makes it much worse, as it keeps the averages from getting too low quickly. Of course it can do what it wants but should it hit that MACD line (about in the -80s) I would be looking to buy long, though the index (should this happen) will probably hit a lower low next on higher MACD (then off to the races).

 



#18 Data

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Posted 02 April 2018 - 03:06 PM

Their balance sheet is declining but not as much as originally planned.  There is a  regulatory hurdle since excess reserves would have to be drained to match.

 

https://www.risk.net...ck-feds-qe-exit