#5things -Shutdown solution still seems distant -Brexit impasse -Investors get optimistic on trade -Markets rise -Tesla tumbles https://bloom.bg/2FGDCYZ
3:51 AM - 18 Jan 2019
BULLS in control as TRADE NEGOTIATIONS appear hopeful
Started by
dTraderB
, Jan 17 2019 06:48 PM
22 replies to this topic
#12
dTraderB
-
- Traders-Talk User
- 17,161 posts
Member
Posted 18 January 2019 - 06:58 AM
Rally still strong after another UP week but it must hold the SPX 50ma; better yet if it can close above SPX 2642
Any close below SPX 50ma @ 2626 will be VERY bearish
#13
12SPX
-
- Traders-Talk User
- 12,444 posts
Member
Posted 18 January 2019 - 10:14 AM
Awww back to the old days!! I remember doing that!! Still have some of my old charts for stocks lol!!!
#14
dTraderB
-
- Traders-Talk User
- 17,161 posts
Member
Posted 18 January 2019 - 10:59 AM
Most important nearby resistance zone is SPX 2665-68
Closing above that is bullish with the next target abvoe SPX 2700
CAVEAT: nothing is sure in this market, in this global environment, so be prepared to exit and/or reverse anytime. Manage risks....
#15
dTraderB
-
- Traders-Talk User
- 17,161 posts
Member
Posted 18 January 2019 - 11:11 AM
Finally, they are getting down to serious negotiations, there is a light at the end of the tunnel, but no one knows how long is this tunnel.
Trump desperately wants a win here so expect progress and a possible deal by next week, latest early February.
By then, it will be a "SELL THE NEWS" scenario unless they sold before.
BREAKING: China has offered to go on a six-year $1tn+ buying spree to reduce the US trade deficit. The US response: skepticism and a demand to do it in two years. Great bit of reporting from @jendeben and our Bloomberg @economics colleagues in Beijing.
#17
dTraderB
-
- Traders-Talk User
- 17,161 posts
Member
Posted 18 January 2019 - 11:18 AM
Biggest miss in Consumer Sentiment since at least 2000. Has been a mild headwind, when consumers are less optimistic than economists think they should be.
7:39 AM - 18 Jan 2019
#18
dTraderB
-
- Traders-Talk User
- 17,161 posts
Member
Posted 18 January 2019 - 11:21 AM
Keep track of the RASI
When a rebound in the RASI occurs and it falls short of getting up to the +500 level, historically that has meant trouble lies ahead. https://www.mcoscillator.com/learning_center/weekly_chart/countertrend_rally_or_new_uptrend_rasi_holds_the_key/ … by @McClellanOsc
7:57 AM - 18 Jan 2019
#19
dTraderB
-
- Traders-Talk User
- 17,161 posts
Member
Posted 18 January 2019 - 11:21 AM
Nordea: Our view on the equity market rebound in early 2019 is that it is likely a bull trap. https://e-markets.nordea.com/#!/article/47366/nordea-view-high-bull-trap-risk …
7:59 AM - 18 Jan 2019
#20
dTraderB
-
- Traders-Talk User
- 17,161 posts
Member
Posted 18 January 2019 - 11:33 AM
Added 4 QQQ MARCH puts
