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Great August Short #2 is here or coming soon....


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#11 dTraderB

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Posted 08 August 2019 - 07:11 AM

Germany is worrying, especially with an ECB that seems to be reactive rather than proactive 

Rest of Europe is also showing signs of weakening economies

 

  1. The fact that this major central bank, 10 years after the financial crisis, can't even raise rates to ZERO without risking collapsing the system is beyond embarrassing and a reflection of how weak the financial system actually is. They can barely keep it together. hours ago

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    $DAX is below the 2015 highs, has broken the 2009 trend, built a bear flag which broke down all the while yields are collapsing and now they want to cut rates again with a ECB balance sheet at 40% of Eurozone GDP? Just stop.

      
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    The @ECB is smoking crack. Look at $DAX vs the German 10 year & you see a central bank in process of losing control. Negative rates have lost their efficacy and they don't know what to do. We're seeing a colossal policy failure in print.

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Edited by dTraderB, 08 August 2019 - 07:12 AM.


#12 .Blizzard

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Posted 08 August 2019 - 07:13 AM

 

 

No way! If China sets YUAN fix above 7 then markets will crash, globally

 

zerohedge‏ @zerohedge
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CNY fixing expected at 7.0205 per Reuters

5:40 PM - 7 Aug 2019

 

 

Why?

 

 

a trend of YUAN fixes above 7 tells us the Chinese are determined to depreciate and continue to weaponize the yuan.

 

 

So the market will crash today....

I think you are understimating the power of central banks


Edited by .Blizzard, 08 August 2019 - 07:15 AM.

 
 
 


#13 dTraderB

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Posted 08 August 2019 - 07:14 AM

Helene Meisler @hmeisler
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AAII Day traders, err, I mean survey takers got a bit bearish this week. Bulls 21.7 (-16). Were 20.9 in December. Bears 48.2 (+24). Were 50.3 in December.

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3:59 AM - 8 Aug 2019


#14 dTraderB

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Posted 08 August 2019 - 07:18 AM

 

 

 

No way! If China sets YUAN fix above 7 then markets will crash, globally

 

zerohedge‏ @zerohedge
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CNY fixing expected at 7.0205 per Reuters

5:40 PM - 7 Aug 2019

 

 

Why?

 

 

a trend of YUAN fixes above 7 tells us the Chinese are determined to depreciate and continue to weaponize the yuan.

 

 

So the market will crash today....

I think you are understimating the power of central banks

 

 

"a trend of fixes above 7" 
 

looking for a new policy on YUAN fixes from CHINA, or is it merely a few fixes above 7 and then back below 7



#15 dTraderB

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Posted 08 August 2019 - 07:18 AM

Some people - not necessarily me - think this is fake data. 

 

Hu Xijin 胡锡进Verified account

 

 


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Hu Xijin 胡锡进 Retweeted Global Times

Despite pressure of trade war, China's exports grew 3.3% in July from a year ago, beating expectation. Chinese enterprises are speeding up adjustment, creating new export markets. Chinese economy is more resilient. Trade war won't crush China.

Hu Xijin 胡锡进 added,

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Global TimesVerified account @globaltimesnews
#China's foreign trade in the first 7 months in 2019 stood at 17.41 trillion yuan ($2.47 trillion), up 4.2% y-o-y. Exports reached 9.48 trillion yuan, rose 6.7%, and imports totaled at 7.93 trillion yuan, up 1.3%.
5:00 AM - 8 Aug 2019

Edited by dTraderB, 08 August 2019 - 07:19 AM.


#16 dTraderB

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Posted 08 August 2019 - 07:21 AM

  1. SPY - positive RSI divergence yesterday and rally - now the work begins for bulls - Closed on a tradable long - very risky to hold over night. Gap above - hold long above 2915 SPX - so a tough row to hoe.

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    Keltner Channels - bending down. Favors Bears until price in all indexes above the mid line.

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    7942 NASDAQ - like the 2900 SPX key numbers in the market - Bears will be waiting.

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    PUT CALL - 2900 SPX watch if go up today. Put Call bottom??

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#17 redfoliage2

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Posted 08 August 2019 - 10:46 AM

Yesterday I warned that a big bounce was in the making for Thursday and Friday.  It's the wave b up and i'd hold back shorting for a while till the wave b is fulfilled .................



#18 dTraderB

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Posted 08 August 2019 - 10:49 AM

Yesterday I warned that a big bounce was in the making for Thursday and Friday.  It's the wave b up and i'd hold back shorting for a while till the wave b is fulfilled .................

 

True.

It's all part of the pattern -- huge down, dip buyers swarm in, and then wait to short again

But, not rush into it, trade it up ST and wait for the best short enrty

 

BUT IT WILL BE GOING BACK DOWN, below than the August low

unless the FED comes in with an early intervention before the scheduled Sep cut



#19 dTraderB

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Posted 08 August 2019 - 12:52 PM

Helene Meisler @hmeisler
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NAIIM Exposure Index. From 91 to 56 in a week. Please see my pinned tweet.

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9:42 AM - 8 Aug 2019

 



#20 ryanoo

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Posted 08 August 2019 - 01:36 PM

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