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Posted 20 July 2018 - 07:23 AM
Daily close SPX above 2811.5 will invalidate this ST SELL.
That is 2811.5 and not 2711.5 as in the subject line of the post
Fell in love with Ms Crude.... 8 day trades yesterday, looking forward to more today
Still partly short.
More later.
Edited by dTraderB, 20 July 2018 - 07:24 AM.
Member
Posted 20 July 2018 - 08:33 AM
As I posted a few days ago SPX is locked in the range of 2700 and 2800 plus minus 10 points and it just turned around from the top of the range. Now I see it's much easier to make money going long USD/CHN..............
Member
Posted 20 July 2018 - 08:34 AM
The Chinese will intervene but they are playing a long-term game, in response to this:
https://www.philstoc...t-to-get-off-4/
Member
Posted 20 July 2018 - 08:38 AM
The Chinese will intervene but they are playing a long-term game, in response to this:
Yuan devaluation is one of their strategy in the trade war. I don't think they really want to intervene as the trade war is getting out of control. My outlook for USD/CHN is 8 by the end of the year..................
Edited by redfoliage2, 20 July 2018 - 08:42 AM.
Member
Posted 20 July 2018 - 10:13 AM
Should have taken the day off
Member
Member
Posted 20 July 2018 - 10:25 AM
many countries took their Gold out of New York in recent years. so ...
Member
Posted 20 July 2018 - 10:59 AM
It could be a long-term structural and fundamental change in the Gold market. Gold seem not be be as important to the WEST as before but the Asian nations and others are fixated and mesmerized by the stuff!
When I traded gold (that memorable multi-year rally when it zoomed past 1000 on the way to 1900 !!) I looked at my
favorite gold page:
Member
Posted 20 July 2018 - 01:08 PM
Bulls selling?
This guy says he is selling now... see link below
Business Insider published a chart from Citigroup analyst Matt King. He pointed out in a note that "the wall of money driving markets has stopped." He published this chart to demonstrate that the "dip buyers" (my term) are disappearing.
These marginal buyers are disappearing for two reasons. First, easy money is less easy. As I discussed in the video, less QE (quantitative easing) cash is flowing to primary banks which means less money is finding its way into the stock market. Simply put, there's less money originating from central banks to buy stocks.
https://seekingalpha...me-stock-seller
