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WHY isn't this market CRASHING?


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#1 dTraderB

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Posted 02 January 2019 - 05:46 PM

Shutdown?

APPLE warning?

FED hikes?

20% bear market decline from top?

CHINA weakness?

CHINA/US trade war?

MUELLER probe?

etc etc etc 

and yet the market has not crashed today and in the post-cash session! 

 

WHY?

 

I will be buying QQQ calls & a few tech stocks on any decline from here one.

 

More

Read Tim Cook's letter to Apple investors https://bloom.bg/2F8onIf 

Dv8C8roWkAEc6VR.jpg


#2 dTraderB

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Posted 02 January 2019 - 06:03 PM

YEN "safe trade" 

up 2% in the $



#3 LMF

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Posted 02 January 2019 - 06:35 PM

The main reason why it's not crashing more like 2009 is......monthly MACD is still above zero.  Alot of margin to zero in many cases depending on the chart.



#4 LMF

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Posted 02 January 2019 - 06:51 PM

From the weekend, I noticed a large open weekly gap on the QQQ, NDX chart further down below current levels......around April 2017.  This may be the target the bears are shooting at.  The corresponding gap on the DJIA and SPX charts was covered that month.  Apple not helping the cause after hours.



#5 CLK

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Posted 02 January 2019 - 06:53 PM

Going sideways at best for two weeks. Market is done.



#6 prognosticator

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Posted 02 January 2019 - 07:40 PM

 

Shutdown?

APPLE warning?

FED hikes?

20% bear market decline from top?

CHINA weakness?

CHINA/US trade war?

MUELLER probe?

etc etc etc 

and yet the market has not crashed today and in the post-cash session! 

 

WHY?

 

I will be buying QQQ calls & a few tech stocks on any decline from here one.

 

More

Read Tim Cook's letter to Apple investors https://bloom.bg/2F8onIf 

Dv8C8roWkAEc6VR.jpg

It is, relax and give it time.

 

You witnessed a top for the ages. Watch it unfold.



#7 diogenes227

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Posted 02 January 2019 - 07:42 PM

"in the deep dark November of the soul, it's always 3 a.m.", F. Scott Fitzgerald:

 

AAPL GIVETH, AAPL TAKETH AWAY


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#8 dTraderB

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Posted 02 January 2019 - 08:07 PM

I would enjoy trading tonight but.... go to rest for what may be a crazy & wild session tomorrow,

 

zerohedge @zerohedge
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More

Multiple FX Pairs Suddenly Flash Crashing, Bond Yields Tumbling

 

2019-01-02_14-42-10_0.jpg



#9 dTraderB

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Posted 02 January 2019 - 08:09 PM

"In what some have suggested is a chained liquidation stemming from the collapse of AAPL shares after-hours, multiple FX pairs are flash-crashing across the globe amid still low liquidity conditions in what appears to have been the unwind of a pair trade where an AAPL long was "hedged" with a basket of FX carry longs.

USDJPY just flash-crashed a stunning 4 handles (the biggest drop since 2009 according to Reuters) to its lowest in over two years, as the JPY was suddenly panic bid against the USD, as the pair tumbled from 109 to as low as 104.87."

 

I hope to see S&P Futures near 2400 when I start trading at about 6am tomorrow



#10 dTraderB

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Posted 02 January 2019 - 08:12 PM

Will load on APPLE calls if stock reaches $135; will by a few even if it gets to $140

 

 

Apple Bulls Prepare To Defend The Red Zone by macromon

The market has spoken.

Apple stock has taken out the Christmas Eve low at $146.59 in tonight's after-hours trading.   Tough to gauge the true conviction until tomorrow's open.

Nevertheless,  the Apple bulls, which includes Mr. Buffett, need to move into prevent defense here and take an Alamo-like stand to gallantly defend the red zone at $134.54 to $142.20.   A break of the goal line at $134.54 opens up some big downside.

Don't count out the hammer to really come down on Jay Powell and the Fed now.   He is due to speak on Friday.

Apple truly dropped the ball by depending on financial engineering and inflation -- i.e., buybacks and increasing revenues by raising iPhone prices -- to increase its stock price and.  Investors are now paying the price.

 

Steve Jobs must be rolling over in his grave with Tim's cave to Uncle Carl.  Mr. Cook is now left to defend Apple's purchase of the stock, some at much higher prices, while Uncle Carl is probably lounging on a beach somewhere in the Carribean.

We love the company and the product but not the stock quite yet.

Stay tuned. 

 

https://macromon.wor...d-the-red-zone/