Member
Posted 24 July 2019 - 05:43 AM
Too much good news and rate cuts etc to send this market down. Of course, there could be a 2 to 3% pullback but the market should rally into the FED cut and then decline
There could also be an ECB cut tomorrow?
Trade Talks PUT still on as talks continue ... LOL
Stock Market Peaking? Price Resistance and Dumb Money Warning https://www.seeitmarket.com/stock-market-peaking-price-resistance-and-dumb-money-warning/ … via @seeitmarket
Member
Posted 24 July 2019 - 05:44 AM
Divergences between EEM and SPX can be problematic. This apparent divergence could get "rehabilitated" if EEM can close above its prior high at 43.42. For now, though, it is a warning of trouble.
Member
Posted 24 July 2019 - 05:45 AM
Gloomy factory data depress Bund yields to near historic lows. 10y yield drops to -0.38%. The odds of a #ECB rate cut on Thursday rise to 42%, up almost 6ppts from Tue. https://www.ft.com/content/67250570-ade7-11e9-8030-530adfa879c2 …
Member
Posted 24 July 2019 - 05:46 AM
FED and ECB has enough cover to CUT
#Eurozone PMI declined from 52.2 to 51.5 in Jul as manufacturing contraction deepens especially in #Germany. Weak report comes one day before #ECB’s policy decision and delivering fresh ammunition for ECB doves. https://www.bloomberg.com/news/articles/2019-07-24/germany-s-factories-go-from-bad-to-worse-as-economy-treads-water …
Member
Posted 24 July 2019 - 05:47 AM
NYSE stinkin breadth divergence
Stinkin breadth divergence
Member
Posted 24 July 2019 - 05:47 AM
S&P 500 Breadth Oscillator - Says the top is in.
Member
Posted 24 July 2019 - 05:48 AM
PMO with the S&P 500 - Mid term and short term weakness and not supporting yesterday's move - possibility that yesterday was a last gasp up to short.
Member
Posted 24 July 2019 - 05:50 AM
more warnings....
Russian Econ Minister Warns, Prepare For Economic Downturn By 2021
Member
Posted 24 July 2019 - 07:49 AM
This is day 8 since the IWM signal sent me to a cash position on my daily chart ( VXF) for Risk Management reasons. Also, IWM continues its sideways move (over 5 months now), and still HAS NOT confirmed the SPX new highs. I trade VXF NOT the SPX..... (S Fund for TSP folks) Trades are free and unlimited, if you have settled funds at Vanguard - which I always have some.
Waiting on the next setup that has some better odds based on a trend I can see..... A new rate cutting cycle from the Fed has to be good news for stocks in the ST, but it better be different this time. LOL.... the data is clear why the Fed is starting to cut again..... I'm not Bearish or Bullish - I just trade the trend.... The current VXX pattern, if it repeats, looks like a move up is very close, but I will wait. The VXX smashers has been easy money for the BOTS for sometime now.....
https://stockcharts....788&a=678106938
Edited by robo, 24 July 2019 - 07:56 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
Member
Posted 24 July 2019 - 08:46 AM
More likely to see SPX 3050 by the end of the month. Let's see if it's going to be a top then....................
Edited by redfoliage2, 24 July 2019 - 08:46 AM.
