23 replies to this topic

[dTraderB]

YES, it could if the FED promises to cut ASAP or restart the QE engine

 

or, CHINA or US caves in 

 

BUT, most likely it will usher in another big SPX drop

 

Not saying SPX cannot make new highs before the eventual drop but it's getting more and more difficult

 

China hoping Trump-Xi meeting will help bridge differences

KTIC-2 hours ago

BEIJING (AP) — China hopes a meeting later this week between President Donald Trump and his Chinese counterpart Xi Jinping will help build trust and ...

Trump and Xi to meet as trade war damage grows

Politico-4 hours ago

President Donald Trump and Chinese President Xi Jinping are both facing intense domestic pressure to de-escalate the trade war between their countries as ...

Analysis: The Politics Of National Humiliation In The Trump-Xi Meeting

89.3 KPCC-4 hours ago

Humiliation. In China, it is a word laden with history and identity that is playing a role in the high-stakes trade war between the U.S. and China. This month, I was ...

Made in Vietnam: US-China tensions spark a manufacturing shift but ...

CNBC-4 hours ago

Such relocation plans raise the question of whether Vietnam can become the new China. CNBC's Carl Quintanilla reports from Hanoi, ahead of the Trump-Xi ...

Wall Street is setting rock-bottom expectations for Trump and Xi's G20 ...

Business Insider-4 hours ago

Wall Street strategists and economists have low expectations for President Donald Trump and President Xi Jinping's meeting later this week at the G20 summit ...

 

[dTraderB]

@DougKass

FollowFollow @DougKass

More

To many, including Dallas Fed head Kaplan, the key issue is that the Fed maybe pushing on a string. Go to the second level in your thinking. @cnbcfastmoney @SullyCNBC

The fixation on the next rate cut and its role in buoying domestic growth is the common theme in the business media. And, typically, when this is universally accepted - it is already discounted.

I don't think we will see a trade deal "with teeth" nor do I think taking down the federal funds rate from 2.40% to about 2% (or lower) will have much of a positive economic impact. That said, it sure looks like the market has again been repelled at similar levels achieved in late January 2018 and in mid- September 2018. And it sure looks like the process of making an important top is still in place.

[dTraderB]

If you want a rate cut in JUly and a 1/2 point cut then all you have to do is send SPX below 2700

 

DO that and it is done: 1/2 point cut in July

 

Powell, Bullard dampen market hopes that Fed will deliver half-point interest-rate cut

https://www.marketwa...w_theo_homepage

[dTraderB]

From the Permabulls at Cracked Market:

 

How to trade this stalling at resistance

By Jani Ziedins | End of Day Analysis

Jun25

"Trading Plan:

Most Likely Next Move: Consolidating after running into resistance near all-time highs. The market will either refresh through a buyable dip back to support, or an extended sideways consolidation under resistance followed by an upside breakout.

Trading Plan: Buy the next dip or the next breakout

If I’m Wrong: Rather than consolidate, Trump and the Fed answer all of the market’s prayers and prices smash through the highs and don’t look back. Any large upside move needs a fundamental catalyst to suck in new buyers. If we see a headline driven buying frenzy, join the party and enjoy the ride higher."

https://cracked.mark...-at-resistance/

[dTraderB]

Back below ZERO line

https://www.marketin...llan-oscillator

 

https://www.mcoscill...t_breadth_data/

[dTraderB]

Applause!

 

@tracyalloway

FollowFollow @tracyalloway

More

Congrats guys, we did it. The entire U.S. swap spread curve is now inverted. https://www.bloomberg.com/news/articles/2019-06-25/china-trimming-u-s-debt-comes-home-to-roost-in-swap-spreads … by @mccormickliz

5:08 PM - 25 Jun 2019

[dTraderB]

1. Helene Meisler‏ @hmeisler 4h4 hours ago

   More

   Lotta gaps just below.

   1 reply2 retweets19 likes

   Reply

    1

    

   Retweet

    2

    

    

   Like

    19

    

   Direct message
2.  

   Helene Meisler‏ @hmeisler 4h4 hours ago

   More

   SPX red 3 in a row. Haven't gone 4 since early May

[dTraderB]

@hmeisler

FollowFollow @hmeisler

More

Helene Meisler Retweeted TSP Talk

Looks like the 70% bulls this week is the highest. Even January 2018 didn't have such a high reading.

Helene Meisler added,

 

TSP Talk @tsptalk

Replying to @theallbutton

 

12:27 PM - 25 Jun 2019

[dTraderB]

FLAT on Friday? LONG? SHORT? 

 

@hmeisler

FollowFollow @hmeisler

More

Helene Meisler Retweeted *Walter Bloomberg

When markets are closed. So how much protection will folks buy for the weekend?

Helene Meisler added,

*Walter Bloomberg @DeItaOne

TRUMP-XI MEETING WILL TAKE PLACE ON SATURDAY IN JAPAN -OFFICIAL

10:32 AM - 25 Jun 2019

[dTraderB]

If so, then SPX 2050 is a surety

 

if this is so.... but been there, done that, too many times

 

CNBC Now‏Verified account @CNBCnow

FollowFollow @CNBCnow

More

Treasury Secretary Mnuchin says US-China trade deal is 90% complete