20 replies to this topic

[dTraderB]

Much more energy today as the markets struggled and labored to eke out minor gains. 

 

As I wrote yesterday, I am looking for a ST top today (was it made already?) or tomorrow.

 

Note NASDAQ achieved its Golden Cross today. 

You must also note that the 50ma above the 200ma does not guarantee markets will be UP all the time, LOL! 

 

In fact, SP can decline to as low as 2800 and the 50ma will still be above the 200ma

 

Ditto for NASDQ 

 

The markets took off last night after another bit of GOOD TRADE NEWS (this is the # 1051 report of good trade news) but 

were soon disappointed when even Larry backtracked:

 

I told you the Chinese and North Koreans are playing  for time; they can wait but the US electoral calendar cannot.

China now has a strong market and even stronger economy than a few months back. 

They will stall and stall as much as possible as they try to put the squeeze on the US and will come out with a wimpish deal 

that means zilch. 

 

If there is not a ST top this week, then I am forecasting a move above SPX 2900 but I don't see any sustained rally until at least AFTER Q1 earnings.

[dTraderB]

SPX 3K is coming  !!!

 

New market highs are coming soon, says JP Morgan's Kolanovic

CNBC 3 April 2019

JP Morgan's Marko Kolanovic, the man who moves markets, says new highs are on the way. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Karen Finerman, Tim Seymour and Guy Adami.

 

https://uk.finance.y...-220615003.html

[dTraderB]

Looks like a sure thing, right?

 

Otavio (Tavi) Costa‏ @TaviCosta

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2-year yield falling after re-testing multi-decade resistance line! Happened 3 other times in history. All followed by a major bear market and recession. Be wary when credit markets price in rate-cuts at the peak of the cycle. It’s not a bullish sign!

4:54 PM - 3 Apr 2019

[dTraderB]

Helene Meisler‏ @hmeisler

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Helene Meisler Retweeted Ron Ellman

An outside reversal day for the VIX

Helene Meisler added,

Ron Ellman @ronellman

$VIX up 10% so far today.

12:28 PM - 3 Apr 2019

[dTraderB]

What's this about? I prefer to stick with my QQQ PUTS, now down by 36%

 

 

Alastair Williamson‏ @StockBoardAsset 50m50 minutes ago

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“After Samsung’s rare statement about missing market expectations, I am waiting if there’s an earnings SHOCK for the 1Q19 and expecting difficult times for Samsung to continue into the second quarter until the fall in chip prices slows,” said Kwon Sung-ryul, an analyst at DB

 

Transports closed with a buyer exhaustion daily candle

4:18 PM - 3 Apr 2019 

Edited by dTraderB, 03 April 2019 - 07:20 PM.

[dTraderB]

SevenSentinels‏ @SevenSentinels

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7:45 PM, April 3, 2019 End Game But Still Up https://sevensentinels.com/april-3-2019-end-game/ …

4:40 PM - 3 Apr 2019

[dTraderB]

OTH:

 

SentimenTrader‏Verified account @sentimentrader

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This is starting to be a FOMO-MOMO market (Fear Of Missing Out on Momentum). The 5-day change in the ratio of S&P High Beta to Low Volatility ETFs is now in the top 3% of all readings.

10:57 AM - 3 Apr 2019

[dTraderB]

@OddStats

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That's 5 straight green days on $SPX. Since the beginning of 2017, that's been pretty bullish for the next week or so. The next-five-day-return was positive 73% of the time over that stretch.

1:03 PM - 3 Apr 2019

[dTraderB]

Of course it is ...once the money is coming in the markets will rally! 

That's the 999.999% rule that works; only time it doesn't is when there is rare geopolitical event.

 

• Danielle DiMartino‏ @DiMartinoBooth 9h9 hours ago

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  It’s not a mystery or even a theory. It’s just fact. Writing at this minute that an encore to Q1’s $1 trillion in central bank infusion & an additional $250 billion in US buybacks will continue to support stocks. Liquidity is exactly as you say, just that. It’s all bulls require.

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Holger Zschaepitz‏ @Schuldensuehner

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Replying to @DiMartinoBooth @I_Josiah_Warren @KassyMeisel

Couldn't agree more! It's the liquidity, stupid!

10:11 AM - 3 Apr 2019

[cycletimer]

Im also expecting a very short term (only lasting 2-3 trading days) top in its time frame. I exited most (not all) of my equity holdings today. Ill be a buyer of $SPX puts on an up opening tomorrow, though this trade wont last long.