Member
Posted 08 March 2019 - 03:40 PM
OK,
February jobs report wasn't surprising: Stephanie Pomboy http://ow.ly/ZdnE30nYqlI @MorningsMaria @FoxBusiness
Huge miss on jobs in February #jobs 
20-k versus an expected # of 180-k @MorningsMaria @FoxBusiness best analysis right now @dagenmcdowell @cvpayne @spomboy weakest job growth since sept 2017
Edited by dTraderB, 08 March 2019 - 03:41 PM.
Member
Posted 08 March 2019 - 03:43 PM
Want some perspective? Last time $SPX closed back-to-back days below the 200d moving average after spending at least 3 trading weeks above it was Day 2 of the August 2015 Crash Week. SPX had already dropped -6.3% in a few days.
Member
Posted 08 March 2019 - 05:02 PM
Really brave souls who went home LONG the weekend!
Member
Posted 08 March 2019 - 05:19 PM
Member
Posted 09 March 2019 - 04:12 PM
Really brave souls who went home LONG the weekend!
Next week is Triple Witch and you also have the 3 Musketeers talking on Sunday night. As a trader using odds one should NOT rule out a gap up Monday. I think the Risk is holding short positions over the weekend not long positions. I'll record it just in case something useful is said, but I doubt there will be.... For VST trading the trend remains down for now, but a nice close on Friday, and maybe we will get a gap on Monday. We shall see!
Fed chairman to reach beyond usual audience to counter Trump’s argument that his policy is all wrong
https://www.marketwa...ican-2019-03-08
This chart indicates to me they held rates to low for tooooo loooong....
https://stockcharts....692&a=650096947
Edited by robo, 09 March 2019 - 04:21 PM.
" “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
Member
Posted 09 March 2019 - 05:05 PM
So they're going to imply/infer that that the dovishness is really because the economy is weaker....and that is interpreted as being bullish? I would argue the opposite.
Member
Posted 09 March 2019 - 05:58 PM
So they're going to imply/infer that that the dovishness is really because the economy is weaker....and that is interpreted as being bullish? I would argue the opposite.
You got it! LOL
Market has already priced in a watered-down trade deal, no rate hikes, no more reducing FED balance sheet but not as far as QE, and Q4 2018 earngings.
So, what else is there to rally beyond the SPX 2810/20 level?
OPEX could be up early in the week and then big down into Friday.
Member
Posted 09 March 2019 - 06:49 PM
So they're going to imply/infer that that the dovishness is really because the economy is weaker....and that is interpreted as being bullish? I would argue the opposite.
We should wait and hear what they have to say, but Trump has really been bashing the Fed lately. So I think they want to tell us how smart they all are. It's all done for the good as a whole and is not political. That's just my opinion for now. I might change it after I here them talk. Something is up for them to be doing this.
Edited by robo, 09 March 2019 - 06:53 PM.
" “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
Member
Posted 10 March 2019 - 09:22 AM
I think they see, what some talking heads see.
We are headed for recession in the next 12 month if something does not change. I think Trump has the Country's best interest at heart, but he just talks to much.
Volume Dynamics Specialist
Posted 10 March 2019 - 11:21 AM
BREXIT - will not be a non-event...
