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Market throws a tantrum after hawkish FED disappoints, Trade talks collapse


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#21 dTraderB

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Posted 01 August 2019 - 10:27 AM

This may not be a confirmed IT turn as NYHL still positive, need to see a follow-thru or the market will reverse quickly to go up to new highs .............

They are trying to use AAPL to stop the down turn and it will be the last to turn down................

 

As we said, LOL, yesterday, after the big move down, they will try to rally

 

So said, so done

 

Now, as I posted earlier, the test of SPX current high is the REAL test for the BULLs

 

And, at those levels or higher I will be shorting via QQQ puts and VXX Futures

 

But, of course, the market never caters for our plans so I will have to decide - soon - whether there is the possibility of higher SPX during the expected lifetime of my shorts: next 2 to 3 weeks, to 3rd & 4th week in August. 
 



#22 dTraderB

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Posted 01 August 2019 - 10:28 AM

Those NQ 1m and 5m charts this morning are really beautiful (if you were trading NQ long) -- up, up, up !



#23 dTraderB

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Posted 01 August 2019 - 10:30 AM

I am looking for a failed test of the record SPX high and then down again

 

Why Did Stocks Fall After Rate Cut?
Posted on July 31, 2019by macromon

Gravity.  Stock prices are waaay too high.

Stocks went down not because the Fed messed up.  If they needed to cut 50 bps and signal more to come because of coming economic weakness, what in heavens name were stocks doing at record highs and extreme valuations?   Nobody knows the future.

Expecting the Fed to see all, know all and precisely fine-tune the economy and markets is tantamount to having someone thread a needle with boxing gloves on and blindfolded during a rollercoaster ride.   The belief that they can have distorted markets beyond all repair.

sp.png?w=640

Seriously, folks, the lack of price discovery in all things financial is a big problem.

https://global-macro...after-rate-cut/

 

As I posted yesterday, looking for SPX test of current historical high



#24 dTraderB

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Posted 01 August 2019 - 10:32 AM

 

"good" trade news can send SPX back up to retest existing record highs

 

Of course, the Chinese are playing the usual games....in tandem with Kim  in N Korea

 

Helene Meisler‏ @hmeisler
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Helene Meisler Retweeted AFP news agency

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#BREAKING China says it has begun purchasing more US farm goods as the two economic giants restarted thorny trade talks in Shanghai this week
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4:02 AM - 1 Aug 2019

 

 

 

Yeah, SPX zooming ahead to test the record high

Don't think it will get there, and sustain a daily close above it

 



#25 OEXCHAOS

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Posted 01 August 2019 - 10:58 AM

Median exposure is still at 100% Long. That's cautionary. I prefer the Median number over the Mean.


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#26 dTraderB

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Posted 01 August 2019 - 03:20 PM

go to rest after this day