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Bears failed to seize the initiative, ST low may be in place


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#21 robo

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Posted 23 July 2019 - 11:55 AM

The Fed's rate cut cycle is about to begin.   Some of the historical data is on my chart -  It better be different this time.... Note that the $NYA and IWM have still failed to confirm the SPX's new all time high... Reading calls for SPX 8000..... Silly in my opinion, but if that is what happens I will be trading it from the long side.  Why,  because  I'm a trend trader and I always trade the trend using my daily system. The weekly is for MT positions and investors.....

 

https://stockcharts....768&a=677944617


Edited by robo, 23 July 2019 - 12:00 PM.

“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


#22 robo

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Posted 23 July 2019 - 12:07 PM

Keep your eye on XES as it went to a buy signal. We shall how the trend plays out..... Sorry,  I don't make guesses on how this will play out. The trade is free at Vanguard so I will buy and sell whenever the systems tells me to. I can't control the tweets coming out of the Big House so gaps up and down or whipsaws are part of the game....

 

Good Trading!

 

https://stockcharts....788&a=677946472


Edited by robo, 23 July 2019 - 12:08 PM.

“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


#23 robo

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Posted 23 July 2019 - 08:20 PM

The Fed's rate cut cycle is about to begin.   Some of the historical data is on my chart -  It better be different this time.... Note that the $NYA and IWM have still failed to confirm the SPX's new all time high... Reading calls for SPX 8000..... Silly in my opinion, but if that is what happens I will be trading it from the long side.  Why,  because  I'm a trend trader and I always trade the trend using my daily system. The weekly is for MT positions and investors.....

 

https://stockcharts....768&a=677944617

  1. Richmond Fed Manufacturing survey order backlog index collapses to its lowest level since April 2009 and has contracted now for eight months in a row for the first time in five years. Still think this is just going to be one single “insurance” Fed rate cut?

    EAK16KrW4AUZq26.png
     
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    The Chicago Fed NAI figure shows the US economy growing about a half-point below potential. This spells rising unemployment rates and declining CAPU rates ahead. If the growth shortfall continues, the output gap closes by year-end and deflation pressures will intensify.

     
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    UK just took a giant leap for a no-deal Brexit. October 31st is right around the corner. Watch sterling and gilt yields melt.

     
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https://twitter.com/...uyRosie?lang=en


Edited by robo, 23 July 2019 - 08:21 PM.

“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


#24 robo

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Posted 23 July 2019 - 08:27 PM

XES went to a buy signal on the 2 hour chart....  Trades are free at Vanguard so we shall see how this move goes..... For now it's trending up on the 2 hour chart so let her run.... 

Flat VXF....  IWM still trending down and making lower highs....

 

https://stockcharts....322&a=674533275

 

Good Trading!


Edited by robo, 23 July 2019 - 08:29 PM.

“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