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RALLY continues ... but watch that VIX


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#31 dTraderB

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Posted 10 June 2019 - 06:19 AM

Give Tom credit - he has been bullish since ...?? and continues to be so 

 

Tom McClellan @McClellanOsc
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Tom McClellan Retweeted StockCharts.com

Good chart at the end of this article, highlighting the bullish divergence in the net new highs.

Tom McClellan added,

StockCharts.com @StockCharts
Greg Schnell: A Bullish Signal That Has Not Shown Up In A Year! @Schnellinvestor http://schrts.co/rupfFqKD 
4:45 PM - 9 Jun 2019
StockCharts.com @StockCharts
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Greg Schnell: A Bullish Signal That Has Not Shown Up In A Year! @Schnellinvestor

4:31 PM - 9 Jun 2019


#32 dTraderB

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Posted 10 June 2019 - 06:20 AM

chart and article for post above is here:

 

https://stockcharts....-in-a-year.html



#33 dTraderB

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Posted 10 June 2019 - 06:23 AM

good article on NIFTY

anyone trades this?

 

Week Ahead: With Breakout Not Getting Confirmed, Chasing Technical Pullbacks Should Be Avoided
Milan Vaishnav |   

June 08, 2019 at 07:53 AM

 

 

 

https://stockcharts....be-avoided.html



#34 dTraderB

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Posted 10 June 2019 - 06:44 AM

Not trying to be a (dead) hero to resist this! 

Hold the nose and trade the rallies....

 

Sven HenrichVerified account @NorthmanTrader
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Sven Henrich Retweeted James Mackintosh

“for the first time there is a non-negligible chance of five cuts this year, equivalent to one at every meeting”

Sven Henrich added,

James MackintoshVerified account @jmackin2
Streetwise: I'm not convinced the Fed should cut. But either way, it shouldn't allow itself to be held back by a desire to prove itself immune to Trump's pressure https://www. wsj.com/articles/the-fed-should-ignore-trump-and-contemplate-cuts-for-the-right-reasons-11560078180?redirect=amp#click=https://t.co/gbq0wFqVhF 
11:32 PM - 9 Jun 2019

 



#35 dTraderB

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Posted 10 June 2019 - 07:02 AM

No to question below.... another 1 to 2% on SPX and then see if new SPX highs can be achieved. 

Do not fight the rally, trade it.

Lance Roberts @LanceRoberts
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REAL INVESTMENT REPORT IS OUT: IS THE SELLABLE RALLY DONE? Last week, we suggested a rally was coming. Is there more to come or was that it? We dig into the technicals to make a determination. $SPY $TLT https://realinvestmentadvice.com/is-the-sellable-rally-done-06-07-19/ 

D8jlu59WkAUgY-i.jpg
10:30 AM - 8 Jun 2019

 



#36 dTraderB

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Posted 10 June 2019 - 09:03 AM

strong buying the dips

 

but VIX down only 0.20

 

Helene Meisler @hmeisler
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Every technician a week ago: we're below the 200 dma which means trouble.

Every technician today: the expansion in new 52 week highs is bullish.

6:01 AM - 10 Jun 2019

 



#37 dTraderB

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Posted 10 June 2019 - 10:37 AM

QQQ at 194.5

 

Time to start accumulating QQQ puts

 

In the money, September expiration

 

Expensive but never failed me during the past 4 years

 

I may also look at SPY  but I prefer QQQ and cannot focus on daytrading and options on more than one ETF



#38 12SPX

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Posted 10 June 2019 - 10:44 AM

QQQ at 194.5

 

Time to start accumulating QQQ puts

 

In the money, September expiration

 

Expensive but never failed me during the past 4 years

 

I may also look at SPY  but I prefer QQQ and cannot focus on daytrading and options on more than one ETF

Agreed a little to far to fast over a lot of speculation nothing solid, I'm curious is Fib still wanting a mid June low?