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The Great TOPPING process continues.... coming soon!

Started by dTraderB , Jul 26 2019 07:10 AM

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#1 dTraderB

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Posted 26 July 2019 - 07:10 AM

Extremely busy yesterday daytrading VXX and NQ

The reversal should not have surprised many since a close of SPX above the strong 3000 support level has been well established

Expect more of this type of market movements but the TOPPING process continues with spikes and pullbacks....

 

Fake meat BYND surpasses CONAGRA

 

SOFTBANK another hundred billions

 

Volatility implosion 

 

But, we got to wait on the post-FED blowoff for the top and then start of a big decline

 

 

When Draghi said the outlook was “getting worse and worse,” equities went from daily highs to one of their worst days of the month. Everyone knows that the outlook for Europe’s economy is bleak, but nobody wants the person in charge to admit it https://bloom.bg/2JRHatc 

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2:15 AM - 26 Jul 2019

 


#2 dTraderB

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Posted 26 July 2019 - 07:11 AM

zerohedge‏ @zerohedge
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zerohedge Retweeted New York Fed

Goldman asks: "Why is the VIX so low ahead of the Fed meeting?" Hint:

zerohedge added,

EAVySX4WkAAJffX.jpg
New York FedVerified account @NewYorkFed
Behind this wall is where the magic happens. Well, if magic = analyzing data and drafting findings. #NYFedInterns #NationalInternDay
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5:11 AM - 26 Jul 2019

#3 dTraderB

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Posted 26 July 2019 - 07:14 AM

zerohedge‏ @zerohedge
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Sign Of The Top? Soft Bank Raises $108 Billion For Second Vision Fund

Subprime 2.0: Mortgages Now Available For Borrowers Without Credit Scores

BYND cap surpasses CONAGRA

 

 


#4 dTraderB

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Posted 26 July 2019 - 07:16 AM

ha ha 

 

Walter Deemer‏ @WalterDeemer
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So if the market goes down, everyone will cite the put-call ratio and other sentiment indicators and say "Well, it was obvious". But if it doesn't go down, everyone will cite the A-D line and say "Well, it was obvious." #GladImRetired

9:17 AM - 25 Jul 2019

#5 dTraderB

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Posted 26 July 2019 - 07:18 AM

This is way too crazy!

zerohedge‏ @zerohedge
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the fake meat company has a market cap greater than a quarter of the S&P

3:43 PM - 25 Jul 2019
Replying to @zerohedge

Perhaps like the dotcom era we are entering a new era where #Vegan companies have inflated valuations Perhaps $TSLA valuation is aligned with the rest of the market since the seats in #Tesla s are Vegan they are not made from animals.

Replying to @zerohedge

If $AAPL traded with the same price to sales it would have a $25 trillion dollar market cap.


#6 dTraderB

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Posted 26 July 2019 - 07:20 AM

Slide some more, please.... looking for a good LONG ENTRY price 

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Amazon Slides On Disappointing Profit Outlook, Slowing AWS Growth


#7 dTraderB

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Posted 26 July 2019 - 07:25 AM

MANY traders doing this but it could become too crowded and send VIX down to 9 or 8 

That would be the SHORT QQQ & SPY OF THE CENTURY! 

 

CNBC‏Verified account @CNBC
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A trader is making a big bet on a scary market downturn in the next four weeks

 

https://www.cnbc.com...ce=twitter|main

 


#8 dTraderB

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Posted 26 July 2019 - 07:25 AM

GDp out in a few minutes -- look for a fake down or up move and take the other side of the trade, ST only


#9 dTraderB

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Posted 26 July 2019 - 07:26 AM

topping charts galore

 

  1. Breadth in the NYSE - Looking like May -

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    NASDAQ Breadth - looking like what happened in May. Bulls need to step up and buy those highs :)

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    Stocks over their 200 DMA in the S&P 500 - Over 75% - Top watch here.

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    Stocks over their 50 and 200 DMA - both at 75% - pay up for these quality stocks - Top watch when both are at 75%.

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  5.  

    3 peaks and a Dome House - in the Roof or Head and Shoulder Phase?? I am not a fan of the Head and Shoulder Bearish Top Pattern, but here you go. Possibly another July Top in the markets.

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    NYHL indicator - profits taken every time this goes high. NAHL indicator watch for sure as it is really almost a sell signal with less and less buying participation in the markets.

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    Dow Jones Woo Hoo - On a negative signal waiting to see what Boeing does this morning. 27200 is the key number for Bulls to get past this morning. Swing test passed yesterday, but today is the GDP

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#10 dTraderB

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Posted 26 July 2019 - 07:53 AM

Absolute certainty it will be 50bps next week.

 

Blowoff in progress with sharp pullbacks

 

 

50bps nex week followed by 25bps in Seprember


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