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A PAUSE: indecision, fear, seeking direction


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#1 dTraderB

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Posted 19 April 2018 - 06:46 AM

Yesterday was about the slowest market for a few months. Volume has been declining since last week. 

A pause to refresh for .... BULLS or BEARS?

 

The good news for the BULLS is they have successfully defended SPX 2700, so far, and the low-range lethargic market action (if you can call it action) during the last session could be merely resting and getting ready for another rally, to 2760 or higher.

 

For the BEARS, the have taken the wind out of the sails of the BULLS, stopped them in their march upwards, and stalled the rally, but tall this will be in vain if they can't take it below SPX 2700. 

 

Most likely, there will be a shallow pull-back and then up towards 2760 and ... we will see what happens there.  But, watch that 2690/2700 zone because it has been a very important one for both bulls & bears

 

 



#2 dTraderB

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Posted 19 April 2018 - 11:18 AM

More VIX manipulation. That's why I look at the VXX which is far more informative

Looking for a bounce into after-lunch session, 2700 is still the key pivot today

 

If your broker does not provide realtime VXX then you can get it at CNBC

 

https://www.cnbc.com...tes/?symbol=VXX

 

https://www.bloomber...ther-wild-swing



#3 dTraderB

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Posted 19 April 2018 - 02:51 PM

Trump - Rosenthal meeting spooks markets, then markets decide it wasn't  worth spooking..... we live in exciting times.



#4 dTraderB

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Posted 19 April 2018 - 02:56 PM

Then markets decided maybe it should be spooked about the meeting since today is Thursday, just before 4pm, a meere 24 hours way from the close of trading for the week, leaving a whole weekend for Trump to do all kinds of crap



#5 Data

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Posted 19 April 2018 - 06:10 PM

The treasury debt fell by 77 billion dollars in one week.  Next week, they will borrow 181 billion dollars in new debt.

 

https://www.wsj.com/...debt-1524159382

 

FRB and ECN also purchases 21 billion dollars in assets this week.  That has been the pattern during tapers.


Edited by Data, 19 April 2018 - 06:11 PM.