21 replies to this topic

[dTraderB]

An encore for a favorite chart:

 

Charlie Bilello‏Verified account @charliebilello

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S&P 500 vs. Jobless claims since March 2009...

5:53 AM - 4 Apr 2019

[dTraderB]

That was a great NQ long trade, let the dust settle and then back again at it

 

10-lot NQ long position today to ride this as far as it goes up before collapsing.

 

I may be trading BRIT POUND later, LONG, since BREXIT dead

[dTraderB]

Might get a 27 VXXB long handle today, will add another half LONG position to existing half 

[dTraderB]

quick note:

SPX 3000 soon

Trump asks for FED to go back to QE

 

that is Q and E where E means EASING! 

 

FED tends to oblige to the Prez

[dTraderB]

FED might do QE a bit later in the year but NOW? 

 

@zerohedge

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zerohedge Retweeted Donald J. Trump

And now he is calling for QE

zerohedge added,

Donald J. TrumpVerified account @realDonaldTrump

The Fed's reckless policies of low interest and flooding the market with dollars needs to be stopped or we will face record inflation.

7:18 AM - 5 Apr 2019

Big Cheds‏ @BigCheds 5m5 minutes ago

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Replying to @zerohedge @DougKass

How can 1) economy is strong 2) we need QE Both be true? I’m confused

 

[dTraderB]

Market resting, stalling, BEFORE next intraday move... up or down

[robo]

Market resting, stalling, BEFORE next intraday move... up or down

LOL..... The trend remains up Brother.... LONG VXF......   No sell signal in sight, but seeing some warning indicators for sure on the daily data....  so I'm just watch the show.....  Pass the popcorn, and maybe a beer very soon....

 

 The 2 hour is still trending up so no need to look at anything else - unless you are just trying to guess on when we will top....  Lots of traders try that all the time....

 

I want to see if the SM sells to the DM again today.....  The DM sure loves stocks and the trend be up..... As I trend trader I trade with the Ebb and Flow and it still be flowing up.....  However, when it changes so will I.

 

Good Trading, and the VIX smashing BOTS continue to play Pac Man!

https://stockcharts....184&a=656831558

Edited by robo, 05 April 2019 - 01:27 PM.

[qqqqtrdr]

Strength of this market is strong..   No need to sell... I purchased XLY, XRT today hoping to ride them up as I think they will do better than SPY now...

 

Barry

[robo]

Strength of this market is strong..   No need to sell... I purchased XLY, XRT today hoping to ride them up as I think they will do better than SPY now...

 

Barry

I have nothing even close to a sell signal, but lots of warning signs to reduce position size based on the Risk Reward setup....  A market like this is for the MOMO crowd and the DM FOMO crowd is hitting an extreme again.  I peeled off some profits before the close today.

 

Good Luck on your trade.....  The trend remains up, but the Risk continues to increase.... My signal remains -   until it's not....I'm still long, but with a much smaller position now based on the Risk/Reward indicators...

https://stockcharts....103&a=656799117

 

Not a time to continue holding leverage in my opinion even though the trend remains up....Sell the 3X and buy some 1X if you just have to stay long is my point.

[qqqqtrdr]

Thanks Robo....    My Risk indicators are decreasing as PE is not increasing as the market rises...   This could all change in a matter of a few days so I will stay vigilant..