Will trade for another hour or two or....
The C word - market acting very weak, could plunge
Posted 04 August 2019 - 08:52 PM
Edited by redfoliage2, 04 August 2019 - 08:55 PM.
Posted 04 August 2019 - 08:59 PM
USD/CNH looks going to 8 due to the recent 10% tariffs on additional $300 billions Chinese imports
Yeah, China responding to tariffs with YUAN depreciation
Agree it could reach 8 and who knows if it will stop there
Posted 04 August 2019 - 11:45 PM
it looks that the operators trying to shut-up the door, taking no prisoners...............
Edited by redfoliage2, 04 August 2019 - 11:47 PM.
Posted 05 August 2019 - 05:34 AM
5 hours sleep for an old man is not enough but this is my life, I enjoy it immensely, bring it on!
Extended move down may find support at SPX 2860/65
BUT IT IS NOT ONLY THE MARKET I am watching but the politics, geopolitics, surprise moves by FED and anyone else, e.g. modern day version of PPT
VIX up by almost 20% overnight
Posted 05 August 2019 - 07:51 AM
Why I’m Buying Stocks This Morning
The stock market is now set up for a nice, solid, three- or four-day bounce.
On Friday, we noted the potential for a Volatility Index (VIX) buy signal. That hasn’t happened yet. The VIX closed above its upper Bollinger Bandagain on Friday – making it three days in a row. It’s rare for that to happen on four straight days. So, I’m buying stocks this morning in anticipation of a VIX buy signal this afternoon.
But, the VIX isn’t the only indicator that’s telling us a bounce is near.
Recommended Link —
The McClellan Oscillators (NAMO and NYMO) have also dipped into oversold territory. They’re at levels that often mark short-term bottoms for the stock market.
This is a trader’s market. In order to profit, you have to be willing to get into a position and then get out of it just a few days later.
Edited by robo, 05 August 2019 - 07:53 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
Posted 05 August 2019 - 07:59 AM
We should see SPX below 2800 soon. I'd like to see if this is going to be a retracement for 38.2%, 50%, 61.8% or 100% from the recent top to the last December low...............
Edited by redfoliage2, 05 August 2019 - 08:01 AM.
Posted 05 August 2019 - 08:29 AM
It's going to be a trade war plus a currency war. The market is telling today. With index futures big down USD is down big as well. It looks that gold and silver shell be doing well................
Edited by redfoliage2, 05 August 2019 - 08:30 AM.