18 replies to this topic

[dTraderB]

"They" say the FED's usage of the word "Transitory" to describe low inflation is the main reason for the decline that started during 

Powell's press conference. Loads of feces, BS, utter crap! 

 

This is a pull-back from extreme sentiment levels but I still think the final leg up will start soon and then the market top will be formed. 

 

BUT, you got to go with the markets, not fight it, so we will see if the market decides it has had it with the historic rally since December 24th 2018 or it wants to make a higher record high before the inevitable drop of at least 10%.

 

"Transitory" inflation! Poppycock!  

 

KEY POINTS

• Fed Chairman Jerome Powell described low inflation as likely “transitory,′ not ’persistent.”
• Powell, speaking after the Fed’s meeting, said the central bank would consider policy moves if inflation was persistently low.
• The markets have been pricing in a Fed rate cut, and Powell’s comments suggest the Fed is not considering a cut at this point.
• https://www.cnbc.com...r-eyebrows.html

Edited by dTraderB, 01 May 2019 - 07:41 PM.

[dTraderB]

I got an hourly VIX BUY (SPX sell) and can get a daily VIX BUY tomorrow if VIX finishes up on the day....

 

Helene Meisler‏ @hmeisler 3h3 hours ago

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VIX put/call ratio 12%

TRIN over 2

 

Wait, folks decided to sell in May?

 

 

[dTraderB]

Two bearish opinions:

 

Expect a ‘minor correction’ of 5% before stocks march higher, famed bull says

Tony Dwyer says stocks are overbought in the near term

https://www.marketwa...says-2019-04-30

 

Opinion: Dow Theory fans see signs of trouble in a soft Dow Jones Transportation Average

https://www.marketwa...rage-2019-04-30

Edited by dTraderB, 01 May 2019 - 07:48 PM.

[dTraderB]

But here's a super bullish one  telling people to buy CALLS! More commission?

Melt-up then melt-down

 

Stock-market ‘melt-up’? These ingredients are missing, says Morgan Stanley

https://www.marketwa...nley-2019-05-01

[dTraderB]

This one calls for  a sudden rip higher!

 

Major Wall Street banks are telling clients to be ready for a sudden rip higher in the market

https://www.cnbc.com...the-market.html

[dTraderB]

We've only just begin, warming up, that was the preliminaries, now it is the real thing! 

It's the  acclaimed HEAD & SHOULDERS pattern!

 

The stock market is enjoying the best year in decades — but a bullish pattern suggests it’s just warming up

A bullish inverse head-and-shoulders pattern is cropping up

 

 

https://www.marketwa...g-up-2019-05-01

[dTraderB]

Cramer gets cautious:

 

Cramer: ‘We’ve had a terrific run’ — it’s time to trim some positions

KEY POINTS

• “We’ve had a terrific run, so I am blessing you to do some selling tomorrow,” CNBC’s Jim Cramer says.
• “Any time you have a remarkable run, it never hurts to take something off the table. Nobody ever got hurt ringing the register,” the “Mad Money” host says.
• “When you get too many IPOs in one sector, it’s incredibly toxic to the rest of the group because all of this new supply tends to overwhelm the demand,” he says.

https://www.cnbc.com...-positions.html

[dTraderB]

DP:

 

PMO SELL SPX, NDX

 

https://stockcharts....ry-bearish.html

[dTraderB]

Lots of anaysts who I follow are cautious or bearish (not the same: cautious is not necessarily bearish)

 

TIM ORD:

 

"we are not looking for a big decline here, but a 5% or better pullback is a good bet in the coming weeks. We remain neutral short-term and bullish longer-term, which may change in the coming days."

https://stockcharts....il-30-2019.html

[dTraderB]

OddStats‏ @OddStats

FollowFollow @OddStats

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Crazy. For only the 5th time in the history of $SPX, the index: ⓵ Opened higher than the 5 previous opens ⓶ Set a new intraday all time high, and then ⓷ Closed lower than the 5 previous closes And here's how the index did following those events:

4:05 PM - 1 May 2019