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DOW 35,000 as FED + TRUMP PUTs power market


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#1 dTraderB

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Posted 07 June 2019 - 05:51 AM

Seriously, no joking, this is an attainable target. 
Maybe not in a straight line but can be achieved by September 2019.
However, my forecast is a marginal new high, even as high as SPX 3050 and then down for the next 2 years. 

 

"On Friday, President Donald Trump repeated his criticism of the Federal Reserve’s interest rate increases and said the stock market would be 10,000 points higher had the Fed kept rates lower during an interview with Fox News Laura Ingraham.

Without the rate increases, "the stock market would be up 10,000 points more, but now we have a very conservative approach," Trump said in a taped interview with Fox News that was broadcast Thursday night"

https://www.zerohedg...would-cut-rates

 



#2 dTraderB

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Posted 07 June 2019 - 06:20 AM

Walter Deemer @WalterDeemer
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“If everyone’s waiting for a pullback to buy either you don’t get a pullback or, if you do, you shouldn’t buy into it.” — Bob Farrell (Merrill Lynch)

1:07 PM - 6 Jun 2019


#3 dTraderB

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Posted 07 June 2019 - 07:34 AM

I would not be SHORT this market, not yet.....'

 

but I could be wrong 



#4 dTraderB

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Posted 07 June 2019 - 07:35 AM

The FED could be pushing on a string during the next few months if they do not get this right

 

TIMING, they say, is everything



#5 12SPX

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Posted 07 June 2019 - 07:41 AM

I put a bit on before the employment report around 2853, to far to fast but after a little down I think the same, were tweets away from a continued rally.  Was surprised after the move we've had that we were up so high before the employment report came out.  Pajama traders gotta love em lol!!!



#6 12SPX

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Posted 07 June 2019 - 07:43 AM

I'm out, wait till the cash open!



#7 dTraderB

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Posted 07 June 2019 - 07:54 AM

Starting to look at the QQQ PUTS.... not buying, as yet, but analyzing

 

QQQ above 183 will entice me



#8 dTraderB

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Posted 07 June 2019 - 07:55 AM

I put a bit on before the employment report around 2853, to far to fast but after a little down I think the same, were tweets away from a continued rally.  Was surprised after the move we've had that we were up so high before the employment report came out.  Pajama traders gotta love em lol!!!

 

Good trade. I am not fighting the FED plus WALL ST plus TRUMP, not as yet



#9 12SPX

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Posted 07 June 2019 - 08:00 AM

 

I put a bit on before the employment report around 2853, to far to fast but after a little down I think the same, were tweets away from a continued rally.  Was surprised after the move we've had that we were up so high before the employment report came out.  Pajama traders gotta love em lol!!!

 

Good trade. I am not fighting the FED plus WALL ST plus TRUMP, not as yet

 

Totally with you until we get near new highs again, was just up a bit too much minutes wise, just added a few with that shot up.  Gotta love electronic trading woulda missed that in the old days lol!  Out already though, couple points at a time.....



#10 dTraderB

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Posted 07 June 2019 - 08:47 AM

FED will not cut until SPX goes down, maybe under SPX 2750