Jump to content



Photo

Black Friday, for bears or bulls? Choppy, but up


  • Please log in to reply
12 replies to this topic

#11 LMF

LMF

    Member

  • Traders-Talk User
  • 801 posts

Posted 13 July 2018 - 02:15 PM

Trading TQQQ quite a bit, and you can see they just ignore the VIX when it's sitting below the 200 day MA.......TQQQ running like a racehorse since July 6.



#12 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

Posted 13 July 2018 - 02:22 PM

This SPX zone 2800/2805 has been resistance, a previous swing high, so if it is broken then the record high is reachable. 

 

However, the market looks somewhat tired so there could be a pull-back. 

 

First-half July has been seasonally bullish and then the Summer trade dies, slow trickle down, into post- Labor day period when activity soars. 



#13 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

Posted 13 July 2018 - 02:46 PM

Powell’s Fed Faces a New Question About Inflation

The 10-2 spread flattened further this week. I will tackle that topic this upcoming Monday. Until then…

Under the leadership of former chair Janet Yellen, the Federal Reserve successfully identified 2017’s slowdown in inflation as transitory. Now with tariffs threatening to accelerate inflation, the Fed faces the opposite question: Is faster inflation just another transitory phenomenon? If Yellen’s successor, Jerome Powell, can’t repeat her ability to distinguish between persistent and temporary inflationary forces, then expect the ride to get much bumpier, ending with either a recession or high inflation — or a combination of both.

https://blogs.uorego...bout-inflation/