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The Storm is here: 4 days of intense trading ahead


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#11 dTraderB

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Posted 30 July 2019 - 07:00 AM

Super Tuesday followed by FED Wednesday,  Super Super Thursday, NFM Friday.... and continuing saga of Trade Talks... 

 

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#12 tradesurfer

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Posted 30 July 2019 - 07:23 AM

this idiot on bloomberg just said about the fed meeting coming up... if they only do .25 and signal no more cuts, then please just be patient and wait and not over react... blah blah blah....

 

What a total idiot !  talk about a desperate plea....   sure why not, let all the little investors wait and be patient while YOU can unload your positions in a desperate panic



#13 robo

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Posted 30 July 2019 - 09:06 AM

Watching the show on the 2 hour chart...... NO NEWS channels on but some nice music..... The dip was bought quickly and the VIX is being smashed back down....  Watching for a trend to trade.... I track IWM since I like to trade small caps....

 

https://stockcharts....253&a=679352952

 

 

https://stockcharts....146&a=678106938


Edited by robo, 30 July 2019 - 09:14 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


#14 dTraderB

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Posted 30 July 2019 - 01:51 PM

this idiot on bloomberg just said about the fed meeting coming up... if they only do .25 and signal no more cuts, then please just be patient and wait and not over react... blah blah blah....

 

What a total idiot !  talk about a desperate plea....   sure why not, let all the little investors wait and be patient while YOU can unload your positions in a desperate panic

 

That's the plot: spike it up so they can distribute it to the sheep. 

 

Then, come back again later in the year to repeat after next cut. 

 

Amazing that the main objective now of FED policy is "not care or disappoint" the equity markets! 



#15 dTraderB

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Posted 30 July 2019 - 01:53 PM

Watching the show on the 2 hour chart...... NO NEWS channels on but some nice music..... The dip was bought quickly and the VIX is being smashed back down....  Watching for a trend to trade.... I track IWM since I like to trade small caps....

 

https://stockcharts....253&a=679352952

 

 

https://stockcharts....146&a=678106938

That early LOW today is now the major support until the FED announcement tomorrow, unless it is taken out by bad earnings later today



#16 dTraderB

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Posted 30 July 2019 - 01:57 PM

 VIX up by 7%

 

hedging?



#17 dTraderB

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Posted 30 July 2019 - 02:00 PM

Give us 50bps! 

 

25bps will tank the market, but only 3 to 5%

 

50bps will spike it up so we can then short at much higher levels, SPX 3125 or higher

 

  1.  Douglas Kass Retweeted

    2017: Tax cuts will produce 4% growth & trade wars are easy. 2018: At least we got above 3% growth & a trade deal is imminent. 2019: Ok, we're actually only getting 2% growth & there may not be a trade deal until after 2020, but if the Fed cuts 100bp we'll get 4% growth then.

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  2.  Douglas Kass Retweeted

    25bp is a complete waste of limited ammunition. Either do nothing and cause a market panic. Or do 50bp and freak everyone out how bad it really must be

 



#18 dTraderB

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Posted 30 July 2019 - 02:01 PM

I prefer to not to trade too much until tomorrow afternoon



#19 OEXCHAOS

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Posted 30 July 2019 - 02:27 PM

I agree. Also, ISEE isn't showing anything too over-done. In fact, not really over-done at all.

 

 

It is sacrilegious to criticize Tom but it appears to me that some of the previous options parameters, ratios etc may not apply as well as they did in today's markets.

 

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Options traders are feeling pretty complacent. Lowest reading for Put/Call Volume Ratio's 5MA since the Jan. 2018 price peak.

EAsfBhRU8AA0Maf.png
9:00 PM - 29 Jul 2019

 


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