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Will the FED save the BULL? YES....but


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#1 dTraderB

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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. 

 

T7O1S38j_bigger.jpgOddStats @OddStats
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Replying to @hmeisler

Here's $SPX after all 4 times (before today) that $TRIN closed above 2.0 in the past year.

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2:04 PM - 12 Aug 2019

 

 



#2 dTraderB

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Posted 13 August 2019 - 05:31 AM

Holger Zschaepitz @Schuldensuehner
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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!

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3:26 AM - 13 Aug 2019


#3 dTraderB

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Posted 13 August 2019 - 05:32 AM

Holger Zschaepitz @Schuldensuehner
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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.

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2:55 AM - 13 Aug 2019


#4 dTraderB

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Posted 13 August 2019 - 05:33 AM

I will start accumulating QQQ and SPY CALLS 

Yeah, you heard that right, CALLS! 



#5 dTraderB

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Posted 13 August 2019 - 05:34 AM

  1. Breadth in the NYSE - key MA coming up for Bulls - Under 50 is a confirmed sell signal???

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    Breadth and the NASDAQ - on a sell signal

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    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 :)

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#6 dTraderB

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Posted 13 August 2019 - 05:35 AM

David Larew @ThinkTankCharts
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S&P 500 - no liquidity - no buy signal

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1:22 AM - 13 Aug 2019


#7 dTraderB

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Posted 13 August 2019 - 05:40 AM

race to the bottom in rates and currencies; what if all major economies do this? 

 

(((The Daily Shot))) @SoberLook
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Chart: Switzerland's central bank (SNB) is buying euros again to keep the franc from appreciating further.

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9:00 PM - 12 Aug 2019


#8 dTraderB

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Posted 13 August 2019 - 05:41 AM

Frightening....

 

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Chart: LatAm currency index -

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1:50 PM - 12 Aug 2019


#9 q4wer

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Posted 13 August 2019 - 05:42 AM

it seems that 300 points down,   Hongkong,  Argentina,  trade war.  all caused by the government



#10 dTraderB

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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.