This about sums it up for me:
The Fed is all that really matters to stocks right now. via @SarahPonczek https://www.bloomberg.com/news/articles/2019-07-23/earnings-days-rapidly-becoming-the-stock-market-s-biggest-hazard …
6:49 AM - 24 Jul 2019
Warnings BUT TOP STILL NOT IN, as yet
Started by
dTraderB
, Jul 24 2019 05:43 AM
31 replies to this topic
#12
dTraderB
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Posted 24 July 2019 - 09:02 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....................
Yeah, I am not going to fight the FED and TRUMP PUT ... a lethal combination for bears
However, I am on high alert to snap pullbacks that can quickly turn into an IT downtrend
SPX should not make a lower low and lower close today to keep the ST uptrend alive
#13
dTraderB
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Posted 24 July 2019 - 09:04 AM
I turned the TV off.
Following Bloomberg & Zerohedge Twitter feeds to try to be abreast of economic/finance news etc but still cannot get rid of these politicians on my screens
#14
robo
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Posted 24 July 2019 - 09:31 AM
I turned the TV off.
Following Bloomberg & Zerohedge Twitter feeds to try to be abreast of economic/finance news etc but still cannot get rid of these politicians on my screens
LOL.....
Looking for the next VST trend....... Watching the RUT ..... looks like another lower high so a possible TZA trade, and the VXX is looking better......
30 min VST trading chart... I'm about ready to pull the trigger..... However, still moving up for now, but looks weak.... Waiting! XES still trending higher after the buy signal.....
On the 2 hour chart for the buy signal....
https://stockcharts....06953&listNum=1
https://stockcharts....440&a=677707055
Edited by robo, 24 July 2019 - 09:37 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
#15
blustar
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blustar
Posted 24 July 2019 - 09:54 AM
There is an 8/16 TD top due early Thursday on the Jupiter/Mars trine. I see SPX 3027 +/-. Today may see 3020.
#16
dTraderB
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Posted 24 July 2019 - 10:44 AM
Alan weighs in... CUT!
Former Fed chair Alan Greenspan says he supports an insurance rate cut by the central bank, even if the probability of the worst happening was relatively low. “It pays to act to see if you could fend it off," he tells @DavidWestin. https://bloom.bg/2YhIKs4
#17
redfoliage2
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Posted 24 July 2019 - 11:06 AM
Alan weighs in... CUT!
Former Fed chair Alan Greenspan says he supports an insurance rate cut by the central bank, even if the probability of the worst happening was relatively low. “It pays to act to see if you could fend it off," he tells @DavidWestin. https://bloom.bg/2YhIKs4
So it just indicates that the Fed is the number one market manipulator on the earth and a rate cut at the Fed July meeting is a done deal. it's easy just trade with the Fed................
Edited by redfoliage2, 24 July 2019 - 11:14 AM.
#18
dTraderB
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Posted 24 July 2019 - 11:22 AM
How long can this continue? ??
According to a survey from German aggregator Tagesgeldvergleich.net released last week, at least 22 German financial institutions are currently charging certain retail customers for deposits. In most cases, negative interest of 0.40% is applied to amounts above a certain threshold, it said. Schneider’s criticism echoed comments by Hans-Walter Peters, president of the Association of German Banks.
Read more at: https://www.bloomber...-start-charging
#19
dTraderB
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Posted 24 July 2019 - 11:23 AM
snooze hour ....
let's hope for another active afternoon
#20
robo
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Posted 24 July 2019 - 11:26 AM
Alan weighs in... CUT!
Former Fed chair Alan Greenspan says he supports an insurance rate cut by the central bank, even if the probability of the worst happening was relatively low. “It pays to act to see if you could fend it off," he tells @DavidWestin. https://bloom.bg/2YhIKs4
LOL..... He be into gold these days so he is probably selling his book! However, the odds of a recession continue to increase, so the thinking is probably correct.... Not much ammo for the Fed this time.....Just buy stocks I say.... Look how well it worked in Japan..... LOL.... ( Long GDXJ in one of my accounts) The trades are free at Vanguard
Edited by robo, 24 July 2019 - 11:27 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
