20 replies to this topic

[dTraderB]

Technically, this is now a very strong market. 

50ma easily crossed above the 200ma and a new daily swing high was made today, the highest since last September.

 

Fundamentally, good news from China but not so good here and in Europe. 

Italy & Turkey are also very suspect. 

 

The markets are extended and VIX/VXXB are not diving as much as last year when the markets zoomed ahead. 

Mo

 

Unless there is a major bearish event, SPX could reach 2900 this week. 
However,  I am looking for strong resistance in the SP 2880/1900 zone, AND, dare I say it: an IT top.

 

ED YARDENI says not worry about recession, the FED is doing what has to be done to ensure there will be none, soon:

 

(NO, this is not an APRIL 1 prank)

 

Opinion: This is the real reason why the U.S. economy isn’t in recession danger now

Yardeni: Credit crunches cause recessions — and the Fed isn’t raising interest rates

 

https://www.marketwa...-now-2019-04-01

 

[dTraderB]

On the other hand, this guy says LOOK OUT BELOW!

How bad can it get for the S&P 500?

It’s not the inversion of any single Treasury pair that should worry us, says Crescat Capital macro analyst Otavio Costa. His fund topped the charts in 2018, returning more than 40%. The indicator to watch, he told MarketWatch recently, is the percentage of all Treasury pairs that display inversions. That percentage leapt to 60% last week from 0% just a couple of months ago. He’s predicting “a 40% decline from the S&P’s top.” That suggests the all-time high we saw on Sept. 20, 2018, may be the last one for a while.

None of this guarantees that the S&P 500 SPX, +1.16%  will go down this month or even this year. For one thing, we haven’t seen the outright euphoria that usually drives the market to a “climax top,” as in the 2000 dot-com mania and the 2007 housing bubble.

https://www.marketwa...-500-2019-03-29

 

[dTraderB]

Disappointing end to a good day; after an early start pre-cash session and a great morning session, G literally dozed off 

for about 2 hours during prime time afternoon trading!  Traded in a 20-point range for about 22 5-minutes bars before 

catching some buying in the last hour & then selling as cash closed

 

Added 4 QQQ puts and half-position VXXB long near the close.

 

No LT Portfolio buys because.... markets will be lower than SPX 2700 within the next 2 months.

Edited by dTraderB, 01 April 2019 - 05:04 PM.

[dTraderB]

LOL, if it were so easy & logical! 

 

 

@TaviCosta

FollowFollow @TaviCosta

More

Largest monthly inflow to S&P 500 growth ETF ever! Previous inflow extremes also preceded significant market selloffs. Record bullishness at near record valuations can never a good sign. Credits to @jessefelder

 

Edited by dTraderB, 01 April 2019 - 08:03 PM.

[dTraderB]

@crescatkevin

FollowFollow @crescatkevin

More

VIX short positioning by speculators is more extreme than it was just prior to the market selloff in Q4 2018. Credit to @AndreasSteno

3:30 PM - 1 Apr 2019

[dTraderB]

BULLISH, looks like it can run up some more

 

 

https://www.marketin...llan-oscillator

[dTraderB]

Heavy lifting needed here to get this from under the water...

 

@Schuldensuehner

FollowFollow @Schuldensuehner

More

In the rental economy, the mkt cap is only borrowed as well. Lyft which started w/ a IPO mkt cap of $20.6bn that gained to $22.4bn has plunged to mkt cap sub-$20bn.

3:07 PM - 1 Apr 2019

[dTraderB]

Yeah, but who buys & holds DOWN for a year plus? 

That's why you DAYTRADE!

 

@ReformedBroker

FollowFollow @ReformedBroker

More

The Dow Jones has traveled 58,000 points, up and down, since peaking on January 17th 2018. It’s total gain since then? 40 points. That stat is via ⁦@michaelbatnick⁩

 

[dTraderB]

It's coming!  But, maybe not after new highs

 

@charliebilello

FollowFollow @charliebilello

More

S&P 500 up 14.4% in 2019, best start to a year since ... 1987. $SPX

2:28 PM - 1 Apr 2019

[dTraderB]

DOW powering ahead...to new highs

 

@charliebilello

FollowFollow @charliebilello

More

The Dow has rallied 22% from its Dec low and is now just 1% below its all-time high from last October (note: total return). $DJIA

2:19 PM - 1 Apr 2019