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The TOP is in.....unless....


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#1 dTraderB

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Posted 06 May 2019 - 04:10 PM

Unless SPX closes above the record intraday high, thus making at leas new daily swing hi, then the TOP is in.

 

What a wild day! Had my best 24-hour NQ day trading profits from Sunday 6pm to today @ 5pm.

 

Not buying the Chinese visit, they are playing this very sneakily and will spring a trap if the US is not careful

 

Got to rest for a while,will post later. 



#2 dTraderB

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Posted 06 May 2019 - 07:30 PM

Strategy should be SELL at the close of cash session, buy when ASIAN markets tank overnight

 

Apparently, there is some method to that.....

 

No bad TRADE DEAL news during regular cash US session but  after  ....and? Asian market take hit, after which some good news e.g. Chinese are still coming to talks etc, that help markets recover for US & European session.  

 

BloombergVerified account @business
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Trump's trade tweets become just another dip for you to buy

https://www.bloomber...s-market-events

 

 

China's stocks are poised to extend their slump after the U.S. made plans to raise tariffs on Chinese goods on Friday

 



#3 dTraderB

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Posted 06 May 2019 - 07:32 PM

OddStats @OddStats
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Today was only the 4th time in $VIX history that the fear index: ⓵ Jumped over 18 midday for the first time in at least 20d (about a month) ⓶ Only to close under 16. And how did $SPX do after the others?

D5603NTUEAUeSLM.png
4:02 PM - 6 May 2019


#4 dTraderB

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Posted 06 May 2019 - 07:37 PM

This is the gist of the "conspiracy theory"  :

 

zerohedge @zerohedge
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White House new trading strategy: deny trade deal is dead during US hours sending US stocks higher, confirm no deal ahead of China open crashing Shanghai Composite

3:14 PM - 6 May 2019

 

Ivan the K™ @IvanTheK
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Hot take: Mnuchin says there was no contact with Liu in the last 24 hours. They waited until AFTER the US close to reaffirm the Tariff bomb. Why? Because they want to further tank CHINA'S stock market. They'll remind us talks are still on this week, before US market opens.

2:31 PM - 6 May 2019


#5 dTraderB

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Posted 07 May 2019 - 05:08 AM

If the pattern continues, expect a bit more down and then UP for most of the day



#6 dTraderB

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Posted 07 May 2019 - 05:18 AM

Catching up on morning read...US is in an extremely advantageous position re:TRADE DEAL talks -

- record high stock market

- booming economy

- record low unemployment

- not involved in any major war at this time

 

and so must go for the jugular with full force in this war with CHina, not only trade but in all geopolitical aspects. It is agreat time to do it, attack with full force in trade talks to get it done, do not wait until later this year or next year because the Chinese will stall:

 

Opinion

 



#7 dTraderB

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Posted 07 May 2019 - 05:46 AM

Bullish ...

 

Helene Meisler @hmeisler
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RUT gonna have a Golden Cross tomorrow.

2:15 PM - 6 May 2019

 



#8 dTraderB

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Posted 07 May 2019 - 05:47 AM

Wished I had got into this BOND rally

 

Keith McCulloughVerified account @KeithMcCullough
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CURVE: back to inversion for 2s vs 5s and Treasury Bond Bulls continue to get paid

D59EXTOX4AAqBeJ.png
2:27 AM - 7 May 2019


#9 dTraderB

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Posted 07 May 2019 - 05:53 AM

Bearish

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



#10 dTraderB

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Posted 07 May 2019 - 05:55 AM

Bullish

 

Tom McClellan @McClellanOsc
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The strength in the NYSE A-D data is very bullish. It is keeping the RASI up at a high level. Compare the current RASI level and structure to similar ones in the past. Not shown: it was lower and uglier in late 2007 and throughout 2008.

D57PxE1U8AE08Da.png
5:58 PM - 6 May 2019

Good question. The Oscillator measures acceleration. Think of a fighter plane, which swoops up off the runway at 60°, then noses over to 30°. In physics terms, that's a downward acceleration, and the pilot would experience negative G force, even though still climbing.

Tom McClellan added,

Mike Kampschaefer @gmkamp
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Thanks Tom, but then why has the MO been below zero for weeks now and can’t seem to get above but just barely?
7:44 PM - 6 May 2019