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Can Energized Bulls break above the 200ma?


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#1 dTraderB

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Posted 06 November 2018 - 07:02 AM

Had a an urgent business matter yesterday but managed a few trades. Closed 3 QQQ puts, leaving me with net 1 put (2 puts/1 call)

 

Markets may trade within a tight range today while waiting on the midterm results, a brief lull before resuming the frenetic action of the past few weeks  Or, markets may continue the bullish tone with the bulls taking out the well-watched 200ma. 

 

What happens after the elections results? 

 

Unless the GOP loses both Senate and House, I expect the rally to continue.

 

But, we will just have to wait and trade the markets .....

 



#2 dTraderB

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Posted 06 November 2018 - 07:02 AM

Will you buy APPLE here?



#3 dTraderB

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Posted 06 November 2018 - 07:08 AM

oh oh... here we go again:

 

Is The Fed Trying To Kill The Bull Market? Summary

In recent months, fears that the Fed might hike us into a recession have spooked the stock market.

Several comments by Fed officials have some investors worried that the Fed is actually trying to cause a bear market.

The Fed only appears dedicated to returning the Fed Funds Rate to its neutral rate, which requires just three more rate hikes and isn't enough to trigger a bear market.

Current economic and earnings fundamentals remain strong. Lower valuations due to the recent pullback mean the bull market is likely to continue for 18+ months.

There is no need for long-term investors to get especially defensive with their portfolios at this time. Stick to your current asset allocation strategy.

https://seekingalpha...ill-bull-market



#4 dTraderB

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Posted 06 November 2018 - 07:14 AM

Top-performing hedge fund says dump equities now Vita Nova, a small but strong performer, fears a 'substantial market correction — or worse'

https://www.fnlondon...es-now-20181106



#5 dTraderB

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Posted 06 November 2018 - 07:17 AM

The stock market is setting up for another rally, according to Elliott Wave theory

As long as the S&P 500 holds 2,640 points, the index could rise to over 2,800

 

With the market bottoming at 2,603 in what we have primarily counted as an a-wave of wave 4, I expect that the market can rally back over the 2,800 level in the coming weeks. But I also think that we will have a b-wave pullback complete in the coming week before that next rally begins. Our target for this pullback is quite large, as it resides between 2,640 and 2,685, but as the c-wave drop takes hold, we will be able to pinpoint the ideal target for this pullback in much more narrow terms.

 

But it means that as long as the 2,640 region holds as support, I am looking for a rally over 2,800 on the SPX in the coming weeks. So for those who stopped out of their long positions on the break of 2,880, the market will give you an opportunity to re-enter on this pullback.

But the big question is still whether the market can push as high as the 3,011-3,050 region before we begin to drop down to 2200, or if we will likely top out below 2,910 before we begin that drop. As it stands now, I am leaning toward not being able to move through that 2,910 region.

https://www.marketwa...eory-2018-11-05



#6 dTraderB

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Posted 06 November 2018 - 07:19 AM

Investors should look forward to a green wave after the midterm election

While some shift in power is expected, and priced into the market early in the year, the magnitude of that shift and the impact that will have on policy is unknown until late in the year. Consequently, markets tend to rally near the election, when the results are more predictable, and continue to move upward after the votes are tallied. In fact, since 1950, the average one-year return following a midterm election is 15%; that’s more than double the average return in all other years over the same timeframe.

https://www.marketwa...tion-2018-10-31



#7 dTraderB

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Posted 06 November 2018 - 07:21 AM

In the near term, the Morgan Stanley strategist forecasts big “hard-to-anticipate” intraday swings in the market, with the S&P 500 likely to end the year in a range from 2,650 to 2,800, with a base-case target of 2,750, slightly higher than the S&P 500 is currently.

 

https://www.marketwa...loff-2018-11-05



#8 dTraderB

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Posted 06 November 2018 - 08:02 AM

Bulls face a daunting obstacle but if they can move above SPX 2765/70 then this market can zoom ahead....if they fail to take out recent highs, see previous red candle, then it's back down again....

 

200ma at 2764

 

That 50ma can decline rapidly as we pass day 25 from the record high .... basic math

 

Short-term RELATIVE VOLATILITY in panel below 

 

45483852_10156399739520783_8766581593247



#9 dTraderB

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Posted 06 November 2018 - 09:44 AM

looking to buy QQQ puts after this slingshot NQ long trade

 

and buy GE FOR LT PORTFOLIO.

Slow accumulation of GE



#10 dTraderB

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Posted 06 November 2018 - 10:01 AM

My cynical friend tells me this is the IT-C rally and buy buy buy....

 

What the heck is IT-C rally? 

 

I am trying to find out but she is coy...