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Shanghai Index and SPX


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#1 redfoliage2

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Posted 22 February 2019 - 08:14 AM

China Shanghai index up almost 2% overnight on an optimistic outlook for the ongoing US-China trade negotiation toward a deal.  It's leading SPX to close above 2800 line and I see SPX is likely to do the same today or next Monday........


Edited by redfoliage2, 22 February 2019 - 08:22 AM.


#2 robo

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Posted 22 February 2019 - 08:44 AM

LOL....  It's all good Brother.  Just BTFD.....  VST trading TZA - Beer Money - if it's a winner.....

 

Housing!.... Who cares...The Fed put is back.....  Watch the sky!

 

Home sales. Capex orders. Philly Fed. Conference Board Leading indicator. Trade numbers out of Korea, Japan and Thailand. I have never seen such incredibly weak data been so readily dismissed by the economics consensus and the financial markets.

https://twitter.com/...uyRosie?lang=en

 

thomas Retweeted Christopher Whalen

Yes, but California leads the nation DOWN... California home sales fall to lowest level in more than 10 years https://www.prnewswire.com/news-releases/california-home-sales-fall-to-lowest-level-in-more-than-10-years-car-reports-300799050.html 

thomas added,

Christopher Whalen @rcwhalen
U.S. existing home sales fall sharply to three-year low https://reut.rs/2Ni2ZSE  | Like we said....
 

https://twitter.com/VolumeDynamics

 

 

Welcome back, welcome back, welcome back. https://www.youtube.com/watch?v=xZzEzDkeHzI  This morning on @realmoney * The Subversion of Stock Prices * More Evidence of Housing Weakness * Updating 1Q Outlook for Bank Stocks * Global Economic Growth Outlook Worse in a Decade @jimcramer @tomkeene

 

https://twitter.com/dougkass?lang=en

https://stockcharts....96c&a=646695560


Edited by robo, 22 February 2019 - 08:48 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#3 12SPX

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Posted 22 February 2019 - 08:53 AM

LOL....  It's all good Brother.  Just BTFD.....  VST trading TZA - Beer Money - if it's a winner.....

 

Housing!.... Who cares...The Fed put is back.....  Watch the sky!

 

Home sales. Capex orders. Philly Fed. Conference Board Leading indicator. Trade numbers out of Korea, Japan and Thailand. I have never seen such incredibly weak data been so readily dismissed by the economics consensus and the financial markets.

https://twitter.com/...uyRosie?lang=en

 

thomas Retweeted Christopher Whalen

Yes, but California leads the nation DOWN... California home sales fall to lowest level in more than 10 years https://www.prnewswire.com/news-releases/california-home-sales-fall-to-lowest-level-in-more-than-10-years-car-reports-300799050.html 

thomas added,

Christopher Whalen @rcwhalen
U.S. existing home sales fall sharply to three-year low https://reut.rs/2Ni2ZSE  | Like we said....
 

https://twitter.com/VolumeDynamics

 

 

Welcome back, welcome back, welcome back. https://www.youtube.com/watch?v=xZzEzDkeHzI  This morning on @realmoney * The Subversion of Stock Prices * More Evidence of Housing Weakness * Updating 1Q Outlook for Bank Stocks * Global Economic Growth Outlook Worse in a Decade @jimcramer @tomkeene

 

https://twitter.com/dougkass?lang=en

https://stockcharts....96c&a=646695560

 

Awwww, (big exhale off a big cigar and brandy) the spread between the rich and middle class continues to spread.  While everything goes to crap the market keeps rising because of the Fed's free cash gotta love it lol!!yes.gif



#4 robo

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Posted 22 February 2019 - 09:04 AM

LOL.....  Yep!    I took a small position of TVIX too.  I only day trade that beast.

 

Good Trading!


“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#5 12SPX

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Posted 22 February 2019 - 09:13 AM

LOL.....  Yep!    I took a small position of TVIX too.  I only day trade that beast.

 

Good Trading!

Looking for some volatility heh lol!  Almost sounds like you'd like a healthy normal market bahahahahaha!!swoon.gif



#6 robo

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Posted 22 February 2019 - 09:28 AM

The VIX is probably headed lower in the MT....   Maybe 12ish or so, but we still get some nice daily moves before they squash it back down.... Keeping it small...  I made some nice money trading from the long side when the dumb money hated stocks in December, but now they love them again so I'll just watch the show. The FOMO crew continues to BTFD.....  Watch the sky and be glad Bulls can't fly!

 

Good Trading!

 

Using the 10/70/20 rule when trading.....  I want to capture most of the 70% move if I can...


Edited by robo, 22 February 2019 - 09:32 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#7 redfoliage2

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Posted 22 February 2019 - 11:28 AM

This looks that the market is set to challenge SPX 2815 next Monday, and that test will tell if the market will go on in the current bullish trend to recover the old high or not ................


Edited by redfoliage2, 22 February 2019 - 11:35 AM.