Member
Posted 13 August 2019 - 05:29 AM
But, not with SPX above 2850
Below that, the FED can some in, even before the Sep meeting.
The FED will rectify their July error with a 50bps cut and full-blown QE
That may take the market up again to the record highs or even a bit higher but then the market will collapse.
Markets should bounce here after a few spikes down; if it doe not then SPX 2750 will be seen in a day or two.
TRIN 2.41, highest since early December
Member
Posted 13 August 2019 - 05:31 AM
Some call it THE most important red line of ANY chart pattern in the history of equity markets: Each time the EuroStoxx Banks Index has hit the critical threshold of 80 an intervention has caused it to bounce off. Now we are again around 80 level, a break could spell TROUBLE!
Member
Posted 13 August 2019 - 05:32 AM
34% of Fund Managers in latest BofAML survey think recession is likely in the next 12mths vs 64% who think it's unlikely, the highest recession probability since Oct'11; this is in line w/BofAML US economists, who think there is close to 1 in 3 chance of recession in next 12mths.
Member
Posted 13 August 2019 - 05:33 AM
I will start accumulating QQQ and SPY CALLS
Yeah, you heard that right, CALLS!
Member
Posted 13 August 2019 - 05:34 AM
Breadth in the NYSE - key MA coming up for Bulls - Under 50 is a confirmed sell signal???
Breadth and the NASDAQ - on a sell signal
PUT CALL - The question is are we on a major correction or possible reversal here. SPX another 3 peaks to the bottom?? Bulls may be too eager to get "In", like November and December of 2018. Luv stocks, L-U-V 
Member
Posted 13 August 2019 - 05:35 AM
S&P 500 - no liquidity - no buy signal
Member
Posted 13 August 2019 - 05:40 AM
race to the bottom in rates and currencies; what if all major economies do this?
Chart: Switzerland's central bank (SNB) is buying euros again to keep the franc from appreciating further.
Member
Posted 13 August 2019 - 05:41 AM
Frightening....
Chart: LatAm currency index -
Member
Posted 13 August 2019 - 05:42 AM
it seems that 300 points down, Hongkong, Argentina, trade war. all caused by the government
Member
Posted 13 August 2019 - 05:44 AM
Alexandra Scaggs covered bond investors' flight to safety in the latest issue of Barron's. She wrote:
Something is gnawing at the market—fears of a looming recession, perhaps, or an escalation of the trade spat between the U.S. and China, or even a Chinese military response to the weeks-long protests in Hong Kong that could spark a regional conflict and draw in other countries. Global markets are 'expecting Armageddon,' as one trader wrote in a note to clients on Wednesday.
Around the world, even the safest bond markets are priced for bad outcomes, and fixed-income investors should prepare for a bumpy ride. The amount of debt with negative yields topped $15 trillion last week for the first time, according to the Bloomberg Barclays index.
That investor caution has been good for the price of gold as well, which rose 0.6% today, to $1,505.30 an ounce. It's now up 17.8% year-to-date. The metal acts as a safe haven for investors when riskier assets like stocks decline. Lower interest rates also reduce the opportunity cost of holding gold, which doesn't pay any yield.
