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Here rests the Last BEAR, killed by doves... market then crashed!


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#1 dTraderB

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Posted 07 July 2019 - 07:47 AM

Rested & Ready to go in Q3 !!!

Still expecting a new SPX high 3020/30, even a spike higher, but the levitation is getting harder and harder. 

Selfishly, I look forward to at least QQQ 195 and VXX 21 but the trading gods may not be with me on this one

 

More later, this from Northman:

 

Sven HenrichVerified account @NorthmanTrader
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2:14 PM - 6 Jul 2019

 



#2 dTraderB

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Posted 07 July 2019 - 07:51 AM

ah, the magic of negative rates! behold the asset bubble! 

 

Eddy ElfenbeinVerified account @EddyElfenbein
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The good news is bad news because the previous bad news was seen as an impetus for good news but now that bad news is no longer tenable which is good news and that's, as I said before, bad news.

5:51 AM - 5 Jul 2019


#3 Waver

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Posted 07 July 2019 - 08:14 AM

dTraderB
What is indicating that Q3 will bring back the bear?

#4 dTraderB

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Posted 07 July 2019 - 08:33 AM

From the @wsj ... and partially a reflection of the magic of ultra-low interest rates. #markets

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1:38 PM - 6 Jul 2019


#5 dTraderB

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Posted 07 July 2019 - 08:35 AM

dTraderB
What is indicating that Q3 will bring back the bear?

 

Markets do not go up forever ..... markets cannot be levitated forever. 

Markets cannot continue to rise when the economic and earnings data go in the opposite direction

 

Cutting rates can go only so far; ultimately, it is pushing on a string....



#6 dTraderB

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Posted 07 July 2019 - 08:52 AM

can't remember if BARRON'S called for down recently....

 

Helene Meisler @hmeisler
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Helene Meisler Retweeted Barron's

Barrons with the melt up call.

Helene Meisler added,

Barron'sVerified account @barronsonline
The market now has enough momentum for a possible "melt-up"—if the U.S. can avoid a recession https://on.barrons.com/2NBrka5 
8:26 AM - 6 Jul 2019
 
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Edited by dTraderB, 07 July 2019 - 08:56 AM.


#7 dTraderB

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Posted 07 July 2019 - 08:55 AM

Charlie BilelloVerified account @charliebilello
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JPM Global Manufacturing PMI below 50 for the 2nd consecutive month, lowest level since October 2012. "Of the 30 nations for which a June PMI reading was available, the majority (18) signaled contraction." https://www.markiteconomics.com/Public/Home/PressRelease/f83452ee0ff14466acab4184f5c3b705 

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9:07 AM - 5 Jul 2019


#8 dTraderB

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Posted 07 July 2019 - 08:57 AM

RATE CUTS are urgently needed, NOW! at least 50 bps

Here is even more justification:

 

Charlie BilelloVerified account @charliebilello
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Wall Street Week... S&P 500: All-Time High 1f44f.png Dow: All-Time High 1f44f.png Nasdaq 100: All-Time High 1f44f.png US Bonds: All-Time High 1f44f.png US Jobs: 105 straight months of gains, longest run in history 1f44f.png US Economy: longest expansion ever at month-end 1f44f.png Fed: Cutting Rates on July 31st 26a1.png1f525.png26fd.png

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2:37 PM - 5 Jul 2019


#9 dTraderB

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Posted 07 July 2019 - 09:14 AM

Charlie BilelloVerified account @charliebilello
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Freedom isn't free. It still costs folks like u & me money to borrow in the USA. The Europeans and Japanese are said to have a better way: ur paid to borrow money & u pay the government to lend them money. Don't believe it. This is a scourge we must fight against at all costs.

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3:04 PM - 5 Jul 2019


#10 dTraderB

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Posted 07 July 2019 - 09:16 AM

David Larew @ThinkTankCharts
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TRIN - extreme buying and short covering at the close. So favors futures opening up... down, that's all. After the open the fun begins. Favors bulls.

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3:34 AM - 6 Jul 2019