26 replies to this topic

[dTraderB]

I think it will be UP, huge UP all the way to SPX 3000, and higher, mainly because there are too many weak economic indicators and 

global economies are also showing signs of peaking. The FED may cut rates at this meeting and then tell us they await the data before deciding on further cuts. The FED may also start QE or indicate they will do so if necessary. In other words, the FED will either cut or go ultra DOVISH - both will lead to rallies.

 

However, any major geopolitical move in these unstable ties can trump the FED's dovishness or rate cut

 

After the rate cut comes G20 meeting and then earnings season. 

 

I hope the market emerges from this dull & boring phase with at least a few weeks of much more volatility.

 

 

 @hmeisler

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ISE 129%, highest reading since 3/29. Also first triple digit reading since 5/21

1:58 PM - 17 Jun 2019

 

[dTraderB]

Yeah, it felt like it, choppy narrow-range

 

 @sharkbiotech

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narrowest range day for the S&P this year

12:56 PM - 17 Jun 2019

[hhh]

Regarding the ISE figure: if "All Securities" includes short securities, it's not much use is it? They don't make that clear on the site. I presume "Equities Only" is only long instruments.

[dTraderB]

Got to watch CHINA and N KOREA, and now PUTIN: ganging up 

 

zerohedge‏ @zerohedge

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US Investments Suffers Longest Outflow Streak Since 1982 As China Dumps Treasuries To 2-Year Lows

 

1:20 PM - 17 Jun 2019

Edited by dTraderB, 17 June 2019 - 04:32 PM.

[q4wer]

the big move and go either way, but I guess 0.7 down and 0.3 up

[q4wer]

up first tomorrow and then down, Wednesday up and then big down, Thursday go down further  ...  This is just plan A

[dTraderB]

up first tomorrow and then down, Wednesday up and then big down, Thursday go down further  ...  This is just plan A

 

 

I tend to agree with most of your forecast: Big Up first, then reality sets in and down it goes....

[dTraderB]

David Larew‏ @ThinkTankCharts

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VIX - a close under the 50 DMA would likely be a clue to the next move in the markets - up morning in the stock market, should take it out.

1:36 AM - 18 Jun 2019

 

[dTraderB]

David Larew‏ @ThinkTankCharts

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Inverse VIX - what, me worry. Needs to close under the 50 DMA - reluctant to do that for some reason. When the VIX turns red, the bull run will likely be over. Not red.

1:13 AM - 18 Jun 2019

[dTraderB]

is the the last hurrah for this leg up? SPX 3000 as the IT or LT top?

 

Finally, we are getting a more lively and active NQ & ES market today, let's keep it going!