23 replies to this topic

[dTraderB]

Markets will be down next year

 

https://www.marketwa...erts-2018-12-04

[dTraderB]

External, not economic factors & issues are influencing market direction; it has always been so but this year it is even more so.

This could send the markets soaring or crashing:

 

Mueller's big Friday: The special counsel is set to release new details on Manafort and Cohen

KEVIN BREUNINGER

 

28 Mins Ago

[dTraderB]

Reutter, who co-manages JO Hambro’s £500m UK Opportunities Fund with Michael Ulrich, said: “The markets are bonkers. There’s material over-valuation everywhere we look. Corporate management teams are behaving so badly and there’s far too much debt throughout the whole system.”

She added: “One of the biggest challenges we have faced over the last three to four years has been management teams behaving badly. We have come across so many management teams who just cannot say no to investment bankers... they borrow too much, they do massive M&A and they buy back hideously expensive shares.”

[dTraderB]

8:34 AM ET

The Dow just slashed a 785-point plunge, marking its most stunning reversal since March

8:34 AM ET

Stock futures under pressure ahead of key jobs report

8:34 AM ET

A death cross for the S&P 500 highlights a stock market in tatters

8:25 AM ET

How a yield-curve inversion can turn into a ‘self-fulfilling’ recession prophecy

8:24 AM ET

10-year Treasury yield hovers above 3-month low ahead of jobs report

[dTraderB]

Two NQ trades this morning - one long, one short

 

Waiting on JOBS report

 

earnings & inflationary aspects of the report will influence market

[dTraderB]

More reason to be bullish ST:

 

Oil prices surge more than 4% as OPEC nears deal to cut output

CNBC-27 minutes ago

Oil prices rose on Friday morning on signs that OPEC and a group of allied producers are nearing a deal to cut output and boost the market.

[dTraderB]

Jobs report ensures December rate hike - if there  is one - will be the last for some time

 

Rate hikes in 2019 are only possible if the economy & inflation rises above expectations 

 

 

Stock futures turn positive after weak jobs report eases concern about an aggressive Fed

 

https://www.cnbc.com...nt-figures.html

Edited by dTraderB, 07 December 2018 - 09:21 AM.

[dTraderB]

Generally, I agree with the main points here, except SPX close below 2600 will change my ST mode from Bullish to Bearish:

 

The stock market sell-off could get a lot worse if the Dow Jones Industrial Average and S&P 500 really dive through key support levels, closely followed trader Art Cashin said Thursday.

 

Wall Street is testing the day-after-Thanksgiving lows of 24,268 on the Dow and 2,631 on the S&P, said the UBS director of floor operations at the NYSE.

 

"If they hold here, then you can make some credible point that we've tested a double bottom, and you could get a rally of some substance," Cashin said on CNBC's "Squawk Alley."

 

"But if they slide through here, then you're going to look to test much deeper lows. Beyond this land there will be dragons," he added, paraphrasing an expression from ancient times about danger ahead.

https://www.cnbc.com...-out-below.html

[12SPX]

Jobs report ensures December rate hike - if there  is one - will be the last for some time

 

Rate hikes in 2019 are only possible if the economy & inflation rises above expectations 

 

 

Stock futures turn positive after weak jobs report eases concern about an aggressive Fed

 

https://www.cnbc.com...nt-figures.html

Its interesting that Canada held off due to an upcoming slowing their seeing, the Fed must see it to.  Anyone know what the odds are now for a rate hike in December? 

[12SPX]

I also find it interesting that VIX is still sitting around 20.00 with all of this volatility of late, any opinions?  I think it has something to do with upcoming sideways action in the market!!!