22 replies to this topic

[dTraderB]

No NQ trades since cash markets opened, just watching this opening battle, bears may win the first round

[dTraderB]

WTF !

 

Fed warns that a 'particularly large' plunge in market prices is possible if risks materialize

• The Federal issues a cautionary note about risks to financial stability.
• It says trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose strong threats.

 

 

[dTraderB]

Hedge-fund veteran who called recent rout says selling is just getting started

• The stock market sell-off is far from over, says Morgan Creek Capital's Mark Yusko.
• In fact, he sees a "long path" down between now and 2020.
• This year the market downturn will continue slowly, next year it will get worse, and in 2020 the credit bubble "starts to blow up," he says.

"Every company has binged on cheap debt. They've over-levered," Yusko added. "We are going to see a lot of defaults, just like 2002 with Enron and Worldcom. I think it's going to get ugly."

 

https://www.cnbc.com...ng-started.html

[dTraderB]

You just don't stand in the way of the FED!

They can rip up the script anytime.....

This could be a really BIG rally

 

I am out of my QQQ calls, want to focus on NQ and VXX

 

That NQ long was one of my best trades this year, vertical up, wanted to exit, but it just kept going up and up and up

 

• Stocks rip higher, Dow surges 400 points after Fed Chair Powell signals rates are near neutral
•  

[dTraderB]

Game changer? 

Yeah, the rally may go far.

[dTraderB]

Missed most of that post-Powell NQ dump

 

SPX much stronger

 

[dTraderB]

I find it difficult to trade short after the POWELL speech.

 

I should not since I try to block out external factors and trade the market

 

But, that signal from Powell is hard to ignore, it removes many doubts and fears, and should support a rally for a few days or weeks. 

 

If there is even a token deal with China this weekend on trade then the markets could make new highs before end of 2018

 

If not, then back down again. 

[dTraderB]

Here iw what they are offering as  the NEW reason to be bearish:

FED is dovish because the economy is worsening, they will not raise rates in December, the housing sector is tanking, and the FED 

 is now forced to back off.....with worsening economy the earnings will not be as good, hence markets will be lower.

 

That deserves a LOL.

[Data]

The market usually rallies on Fed speeches.   Regardless of the actual verbiage, the news media can turn out headlines that are bullish.  The headline is that December's rate hike will place at or just below neutral  in Powell's words which implies a pause. The rally today is probably turn the indicators back into the bearish area after Monday's flip in the momentum indicators.  

[Waver]

Can always massage news to be bearish or bullish