Member
Posted 23 July 2019 - 09:47 AM
The market is being held up by the expectation that the Fed will cut the rate at the end of the month. I'd wait for the Fed day to short the initial pop up assuming the Fed will cut the rate as expected, not now...............
Edited by redfoliage2, 23 July 2019 - 09:49 AM.
Member
Posted 23 July 2019 - 11:06 AM
Looks bad out there... 50 bps and QE required now !
Despite Plunging Rates, Existing Home Sales Slow For 16th Straight Month More
NISSAN TO CUT OVER 10,000 JOBS GLOBALLY: KYODO More
Existing Home Sales 5.27MM, Exp. 5.32MM, Last 5.36MM
Member
Posted 23 July 2019 - 11:07 AM
The market is being held up by the expectation that the Fed will cut the rate at the end of the month. I'd wait for the Fed day to short the initial pop up assuming the Fed will cut the rate as expected, not now...............
Same here.
But, I am alert to the possibility that some of the BIG MONEY guys will short even before!
Member
Posted 23 July 2019 - 11:08 AM
Is it THAT bad ?
Richmond Fed Unexpectedly Crashes To Lowest In Over 6 Years As Order Backlogs Disintegrate
After a handful of mixed regional Fed survey, moments ago the Richmond Fed printed for the month of June, and if it serves as a tiebreaker, then the US economy is deep in a recession.
Expected to rebound modestly from already a near-contractionary print of 3 to 5 following the recent euphoric Philly Fed print, the mid-Atlantic index instead suffered its biggest drop in two years, dropping by 14 points to a whopping -12, the lowest print since January 2013...
Member
Posted 23 July 2019 - 11:09 AM
Nissan Slashing Over 10,000 Jobs Globally, 7% Of Its Entire Workforce
Member
Posted 23 July 2019 - 11:10 AM
I wish no one bad but you got to be really stupid to fall for this crypto scam.
If you want to trade it then do not BUY & HOLD!
Crypto CEO Postpones Buffett Charity Lunch; Denies Money-Laundering, Porn, & Gambling Accusations
Member
Posted 23 July 2019 - 11:11 AM
I don't use the HO because if the McClellan Summation is heading down (it is) & new lows are rising (they are), you don't need a signal to know the bull case is struggling.But this is a good write up https://www.sentimentrader.com//blog/200-reasons-why-the-hindenburg-omen-matters/ … via @sentimentrader
Member
Posted 23 July 2019 - 11:16 AM
Watch the RUT: if it stops lagging and outperforms the other major indices then the BULL will roar
Of not, then the bears will be feasting....
I think RUT closes UP for JULY.
OK, lunch is about over, back to the trading...
Banks rally and RUT can't stay green. Please don't give me your BS that the RUT is heavily financials.
Helene Meisler added,
Member
Posted 23 July 2019 - 11:28 AM
Flat and waiting for the next setup..... Show me some BEEF!
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Member
Posted 23 July 2019 - 11:40 AM
Watch the RUT: if it stops lagging and outperforms the other major indices then the BULL will roar
Of not, then the bears will be feasting....
I think RUT closes UP for JULY.
OK, lunch is about over, back to the trading...
Banks rally and RUT can't stay green. Please don't give me your BS that the RUT is heavily financials.
8:07 AM - 23 Jul 2019Folks seem kinda bearish the RUT. Come on, vote!Helene Meisler added,
Helene Meisler @hmeislerPOLL: The RUT closed the month of June at 1566. It is currently 1546. Do you think it closes July up or down on the month?9:00 AM - 23 Jul 2019
I trade VXF which is mainly mid cap stocks.....Vanguard has the breakdown, but it follows IWM closely.... Financials 16%
Weekly data and the RUT be having some trouble for over 5 months now.... The weekly remains on a hold (long position) but I trade the daily and it went to a cash position several days ago....
Since I'm a trend trader I just trade what I see, not what I think will happen.... ( Currently Flat my VXF) That is very close the S Fund in TSP. The daily data is in a cash position and the weekly remains long. However, I trade the daily....
https://stockcharts....272&a=677779753
https://investor.van...etf/profile/VXF
Edited by robo, 23 July 2019 - 11:49 AM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
