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[dTraderB]

Bloomberg‏Verified account @business

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BREAKING: Trump says China "broke the deal" and "they’ll be paying" https://bloom.bg/2VlIRXb 

5:39 PM - 8 May 2019

 

 

The talks are over? Or, is this a prelude to the Asian session that may cause those markets to tanks?

 

Anyway, a fairly choppy session today but why complain since it provided many daytrading 

opportunities. So, Thursday & Friday will be critical for the ST and IT direction of the market since there would be 

news from the Trade Deal talks that may be decisive. 

 

Or, it could be another kick-the-can-down-the-road when both sides say the talks were successful, they agreed on a few points, they will continue talking, and Trump will cancel the new Tariffs. This is the most likely outcome. In any case, unless the talks are totally broken down, the market will view it as bullish and we could get new SPX highs by the end of May. On the other hand, a breakdown and failure of the talks will lead to tariffs and at least another 5% down. 

 

[q4wer]

I bet no deal at all.

[dTraderB]

I bet no deal at all.

 

a partial deal that will be interpreted as bullish

 

If no deal then down below SPX 2800

[dTraderB]

Maybe, but they sure can levitate a market for a months & years! I would not trade against the Central Banks' policies

 

Investors beware: central banks won’t be able to prop up markets forever

As human beings, we already have a tendency to assume that tomorrow will be the same as today. It’s one reason that momentum investing (buying what went up yesterday and selling what went down) pays off.

Today is often the same as yesterday, so this approach works – until it doesn’t.

One reason that we take out insurance is to guard against this tendency. Unfortunately, the more complacent we get, the less need we see for insurance.

And that’s where markets are right now.

Trump vs China is just a symptom of our changing world

Investors are still betting that Donald Trump and China will come to some sort of agreement on trade, even if Trump’s Friday deadline for higher tariffs comes and goes.

https://moneyweek.co...arkets-forever/

[dTraderB]

OddStats‏ @OddStats

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Today marked the 19th time in the past 5 years that a 1.5% return day on $SPX was followed by a day with no more than a 0.2% return (+/-). 2/3rds of the time, the next day was red; and check out the 5d total returns for the 2018 events.

6:59 PM - 8 May 2019

[dTraderB]

This should NOT be --  both so high?

 

Helene Meisler‏ @hmeisler

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Helene Meisler Retweeted Helene Meisler

Gonna try this again.

total pc ratio 120%, highest since 1/3 with 131%

 

VIX put/call ratio 140% highest since 4/15 when it was 149%.

[dTraderB]

I voted for the KICK THE CAVE, EH, CAN

 

Sven Henrich‏Verified account @NorthmanTrader

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Friday:

08%China Caves

14%Trump Caves

30%Markets Cave

48%Kick the Cave, eh, can

 

1,281 votes•6 hours left

 

 

Edited by dTraderB, 09 May 2019 - 05:35 AM.

[dTraderB]

Really? If they did then SELL in MAY and go away! 

 

Business Insider‏Verified account @businessinsider

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China detonated its tentative trade deal with the US by abruptly deleting swathes of text that it didn’t want to commit to, report says

https://www.business...s-report-2019-5

 

[dTraderB]

Helene Meisler‏ @hmeisler

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AAII Bulls finally made a minor higher high this week (to 43.1) which was the highest since 10/3 (yep, that 10/3) when they were 45.7

4:01 AM - 9 May 2019

 

[robo]

 

Helene Meisler‏ @hmeisler

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AAII Bulls finally made a minor higher high this week (to 43.1) which was the highest since 10/3 (yep, that 10/3) when they were 45.7

4:01 AM - 9 May 2019

 

 

I'm back to a cash position and bought some VXX yesterday... Trending under the 5, 9 and 13 EMA puts me to cash... Looks like that SPX gap will fill today....  Look at the Leader (Dirty Socks) it be having some trouble and it was very stretched above it's 200 DMA..... Not that the BOTS cared.....

 

https://stockcharts....505&a=664054259

 

Good Trading!

 

I only trade VXF and VXX at Vanguard. No short positions allowed anymore....

 

Dear

The following order executed on 05/08/2019 at 11:24 AM, Eastern time: 

Account: xxxx
Transaction type: Buy
Order type: Market
Security: BARCLAYS IPATH SER B S&P 500 VIX SHORT TERM FUTURE ETN (VXX)
Quantity:  share(s)
Price:* $29.96

 

 

Still buying GDXJ around $28.00ish.... 

Edited by robo, 09 May 2019 - 08:07 AM.