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Today we close at the highs, Maribuzu candlestick and then....


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#11 Data

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Posted 22 November 2018 - 11:35 AM

There is a lot of treasury supply ($ 129 cool.png next week.   The fiscal deficit is 1.3 trillion dollars for the current fiscal year, but the market has to absorb 1.7 trillion dollars in net issuance due to the bonds on the balance sheet mostly not being renewed.

 

The tariffs on the 200 billion dollars of goods go to 25% on January 1.   If nothing changes, the remaining imports have tariffs go into effect coinciding with the Chinese New Year in February (someone thought that was clever).

 

Fed meeting and trade talks are in mid-December.


Edited by Data, 22 November 2018 - 11:41 AM.


#12 Darris

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Posted 22 November 2018 - 07:41 PM

As far as previous patterns go, Thanksgiving 2011 is the only notable comparison for this week, so far.  That week we made the lows in the Futures off hours and never tested them.  NAAIM near 30 for this week.  CNN fear and greed jumped nicely Wednesday, and a medium term NYSE TICK cross over buy developed on Wednesday as well.  Downside hopefuls might be in for another computerized rip to the upside instead.



#13 Darris

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Posted 28 November 2018 - 05:48 PM

Ta da  !!!!