Member
Posted 19 June 2019 - 08:41 PM
The night shift is driving it higher.
Expect SPX new highs soon and possibly SPX 3000 ... last leg of this great rally from December 2018 is in progress.
Ride it as far up as it goes then dismount ASAP when it reverses.
GOLD hits 6-year high.
and bonds going berserk
10Y 1.974%
MOVE about to go bananas
Edited by dTraderB, 19 June 2019 - 08:42 PM.
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Member
Posted 19 June 2019 - 08:54 PM
still fear?
https://money.cnn.co...fear-and-greed/
UP
https://www.marketin...llan-oscillator
The put/call ratio for ETFs slipped (barely) under 100% for the first time since 4/16
The put/call ratio for ETFs slipped (barely) under 100% for the first time since 4/16
Member
Posted 19 June 2019 - 08:59 PM
S&P 500 - on a long signal above 2900. Test 2945 next??? Generally when the RSI is above 50, you can hold long the S&P 500
Member
Posted 19 June 2019 - 09:02 PM
Lots of comment lately about how a Fed rate cut now would be bad, like when they cut rates in 2007. Problem then was not the cut, but rather that they waited so long to do it. The 2-year yield has just crossed below FF target now. It is waiting which would be problematic.
Member
Posted 19 June 2019 - 09:07 PM
Totally agree. FED with not cut rates with SPX at or near new highs.
If the S&P rallies back to new highs before the July FOMC meeting the Fed holds off on cutting rates until the S&P corrects again which if occurs before September will be at Sep meeting unless the S&P quickly rallies back to new highs in which case they push back to December.
Member
Posted 19 June 2019 - 09:11 PM
@realmoney The Fed is Pushing on a String (Part Deux) Not a single person in the business media today has asked whether the Fed is now pushing on a string. This, to me, is the single most critical determinant for stock investors. And I believe you all know how I stand.
I might be wrong and others might have a different view but further easing by the ECB and our Federal Reserve is not likely to have much of a positive impact (and it could have negative implications).
I might be wrong and others might have a different view but further easing by the ECB and our Federal Reserve is not likely to have much of a positive impact (and it could have negative implications).
Member
Posted 20 June 2019 - 05:45 AM
I would like the market to retrace all of the overnight rally so I can now get an opportunity to trade from yesterday's close
Sure, it's coming....
AAII Bulls were still holding back this week (now 29.5). My guess is we see the big jump next week since yesterday was the first day of sentiment shift.
Member
Posted 20 June 2019 - 06:47 AM
VXX long entry just ahead.... will buy a small position after 9:30am EST unless it trades with a 24 handle pre-market
Also, will finally get a better entry for QQQ puts, possibly above QQQ 191
Edited by dTraderB, 20 June 2019 - 06:49 AM.
