32 replies to this topic

[dTraderB]

Twitter News sources seem to be all excited about stuff like this, in recent minutes, but markets not bothering with it

 

Katherine Faulders‏Verified account @KFaulders

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I am told that @VP Pence's New Hampshire opiod event was cancelled because something came up and he had to be back at the White House. Official says it is not a cause for alarm.

 

zerohedge‏ @zerohedge

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PUTIN PULLS OUT OF SCHEDULED EVENT - RIA QUOTES KREMLIN PUTIN TO MEET HIS DEFENCE MINISTER VERY SOON - TASS QUOTES KREMLIN

[dTraderB]

Maybe it's time to pack up and enjoy the holiday weekend

 

Markets should be quiet from now on, just the NFM report on Friday, then all snooze until Monday

[LMF]

This is some of the worst TQQQ price action Ive ever seen with the VIX below the daily bollinger band for the 2nd day now. With UVXY where it is......theres no chance of trading SQQQ. Ive been thinking this has way more to do with the 17 ton cocaine bust in Philadelphia back on June 18......a lot of supply got flushed that day. MM side effects in play. That date was close to the front end of what Im still seeing right now, days later.

[dTraderB]

It's getting out of hand, LOL

 

StockCats‏ @StockCats

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"Mike Pence called to the White House for an unspecified emergency, which sources say might be linked to the Fed backtracking on a July rate cut"

9:11 AM - 2 Jul 2019

[dTraderB]

This is some of the worst TQQQ price action Ive ever seen with the VIX below the daily bollinger band for the 2nd day now. With UVXY where it is......theres no chance of trading SQQQ. Ive been thinking this has way more to do with the 17 ton cocaine bust in Philadelphia back on June 18......a lot of supply got flushed that day. MM side effects in play. That date was close to the front end of what Im still seeing right now, days later.

 

Now, why did I not think of that?

 

Yeah, could be the coke bust! 

 

Crazy market data, not going to waste time on it for much longer, until next return on Monday

[dTraderB]

@business

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Cleveland Fed President Loretta Mester said she’s not ready to support an interest-rate cut

[redfoliage2]

Very toppy but bulls still want to squeeze a few more points.  I can wait to Friday to pull the trigger ..................

Edited by redfoliage2, 02 July 2019 - 11:49 AM.

[dTraderB]

Suddenly, I have gone from daytrading NQ to daytrading VXX !!

 

NO major trades, just small trades as market moves

[dTraderB]

Very toppy but bulls still want to squeeze a few more points.  I can wait to Friday to pull the trigger ..................

 

Yeah, BULLS still have the edge, but one senses the BIG TRADERS are not in the market now so thin trading will allow others to yank it up & down....

[LMF]

Historically the Fed has done several rate cuts with the markets near all time highs like now. Just not since 1995-1996 and years prior. They werent too far off with the rate cuts in 2007. Right now they just cant have capital as mispriced as this, so far above the 10 year UST rate. Its just easier to automatically use the 2year rate in place of the FOMC driven rate. Then the market always knows whats going on, and theres no guessing what needs to happen next with the Fed.

TQQQ today is an absolute joke with the SPX AD line setting new ATHs Friday and Monday, and the VIX below the daily band. MM guys running a big joke......