Jump to content



Photo

Sublimely ridiculous: Trade War Rally!


  • Please log in to reply
20 replies to this topic

#1 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 1,817 posts

Posted 08 July 2018 - 11:20 AM

Truly, this 2018 market rally is very similar to the dot com bubble almost two decades again when any company with a website (dot com, DUH) and who say they are in the "B2B space" achieved spectacular stock price increases! 

 

Today, you hear the most insanely stupid reasons for a rally, even some "analysts" saying the market rally was a foregone conclusion when the tariff war began! 

 

Here is some of that:

 

https://seekingalpha.com/article/4185930-3-reasons-trade-war-fears-lead-epic-stock-market-rally 

 

S&P 500 Weekly Update: Trade Tariffs Are Invoked, The Market Yawns Because Goldilocks Is Here

https://seekingalpha...awns-goldilocks

 

 

Meanwhile, CRAMER says he does not trust the rally!  Maybe so, until after there is a pullback that provides a better entry? LOL.

 

Jim Cramer: I Don't Trust This Stock Market Rally
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer doesn't trust the stock market gains on Thursday.
-------------
PERSONALLY, I want this rally to spike up to as high as possible, even up to the record highs, with VXX below 25, VIX below 9, and I will short this pig with all I have! 
 
 
 

 

 



#2 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,817 posts

Posted 08 July 2018 - 11:30 AM

There is no trade war...this is a fabricated story from those who don't know any better (and more than likely have a grudge against capitalism).

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page


#3 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 8,701 posts

Posted 08 July 2018 - 11:31 AM

anybody making any money?    675ono



#4 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 1,817 posts

Posted 08 July 2018 - 11:40 AM

Next we will have the N KOREAN Successful Summit rally! 

https://www.bloomber...orth-korea-trip



#5 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 1,817 posts

Posted 08 July 2018 - 11:42 AM

FOX NEWS says this? 

http://www.foxnews.c...ld-be-next.html



#6 Data

Data

    Member

  • Traders-Talk User
  • 2,499 posts

Posted 08 July 2018 - 12:55 PM

There is a trade war but it is very slow in developing and the current scope is small.

 

Long bond is supportive of stocks given lack of t-bond and t-note supply by intention, lack of corporate bond supply due to use of cash for buybacks, and special favorable tax rate of -14 percent for pension funding by corporations.



#7 robo

robo

    Member

  • Traders-Talk User
  • 635 posts

Posted 08 July 2018 - 01:51 PM

Next we will have the N KOREAN Successful Summit rally! 

https://www.bloomber...orth-korea-trip

LOL.... Just stay nimble, and wait for this topping process to complete.  We just completed a DCL and we are back above the 10 MA again... Bulls are very excited again about this breakout move. Is a new all time high coming or is the ICL still in front of us?  It depends on which guesser you ask.  LOL... I don't recommend asking Dennis Gartman...

 

Good trading Brother and enjoy the show.

 

Some of the main reasons stocks continue to move higher, and most investors really don't care. 

 

https://www.zerohedg...e-buybacks-bofa

 

https://www.zerohedg...sps-return-year

 

https://www.zerohedg...squeeze-history

 



#8 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 8,701 posts

Posted 08 July 2018 - 04:17 PM

 

Next we will have the N KOREAN Successful Summit rally! 

https://www.bloomber...orth-korea-trip

LOL.... Just stay nimble, and wait for this topping process to complete.  We just completed a DCL and we are back above the 10 MA again... Bulls are very excited again about this breakout move. Is a new all time high coming or is the ICL still in front of us?  It depends on which guesser you ask.  LOL... I don't recommend asking Dennis Gartman...

 

Good trading Brother and enjoy the show.

 

Some of the main reasons stocks continue to move higher, and most investors really don't care. 

 

https://www.zerohedg...e-buybacks-bofa

 

https://www.zerohedg...sps-return-year

 

https://www.zerohedg...squeeze-history

 

 

.>, and wait for this topping process to complete<  huh?



#9 tommyt

tommyt

    Member

  • Traders-Talk User
  • 4,893 posts

Posted 08 July 2018 - 06:04 PM

Relax, there is no trade war...what we do have is TOO MUCH OVER ANALYSIS. ST trend is up and it is the summer rally into July earnings and expo. SPX targets 2785-2805. Then the typical fall vol spike comes and corrective action in Aug/Sept.

 

http://stockcharts.c...id=p72084947554



#10 robo

robo

    Member

  • Traders-Talk User
  • 635 posts

Posted 08 July 2018 - 08:11 PM

 

 

Next we will have the N KOREAN Successful Summit rally! 

https://www.bloomber...orth-korea-trip

LOL.... Just stay nimble, and wait for this topping process to complete.  We just completed a DCL and we are back above the 10 MA again... Bulls are very excited again about this breakout move. Is a new all time high coming or is the ICL still in front of us?  It depends on which guesser you ask.  LOL... I don't recommend asking Dennis Gartman...

 

Good trading Brother and enjoy the show.

 

Some of the main reasons stocks continue to move higher, and most investors really don't care. 

 

https://www.zerohedg...e-buybacks-bofa

 

https://www.zerohedg...sps-return-year

 

https://www.zerohedg...squeeze-history

 

 

.>, and wait for this topping process to complete<  huh?

 

LOL....  How you doing Cheif?  Yeah - the top was 2872.87 until it's not. So, please tell me what to buy tomorrow at the open based on the color selection on my chart.

 

Please play fair. You only get to chose one color based on what will be the best performing sector the rest of the year on my chart. I want to keep the selection small and compare it to the SPX.

 

I think most would agree that the SPX is normally a good guide for looking at the stock market overall.

 

Have a nice evening!

 

Choices:

 

Black

Purple

Cyan

Gold

Red

 

Remember,  you only get to pick one color. The SPX weekly is black?  To be fair I have my money on the purple line. 

 

Take Care!

 


Edited by robo, 08 July 2018 - 08:20 PM.