42 replies to this topic

[dTraderB]

If BULLS cannot take this higher now then when? Certainly not in seasonally bearsh October when 

there is also the high probability of lower earnings. 
Good rally today after a surprising drop but market has been trapped in a narrow range and if it cannot go up then it will go down (profound logic, isn't it?)

Look at these closes:

 

1. Helene Meisler‏ @hmeisler 1h1 hour ago

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   SOX close since 9/11 1606 1610 1605 1594 1599 1600 

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   QQQ close the last six days (since 9/12) 192.52 192.60 191.68 192.54 193.23 192.43 . 

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   SPX cash close the last six days (since 9/12): 3000 3009 3007 2997 3005 3006

Edited by dTraderB, 18 September 2019 - 05:44 PM.

[dTraderB]

Bearish:

 

1.  
2. SPX Trader‏ @SPXTrades 3h3 hours ago

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   $ES_F at the time of buying 3008s

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   Bought next week’s $ES_F OTM puts

    

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3. FYI that was a joke I am still leaning bearish into next week. Do not see a new ATH

    

    

Edited by dTraderB, 18 September 2019 - 05:47 PM.

[dTraderB]

Also bearish:

Douglas Kass‏Verified account @DougKass

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As reported on @realmoney I moved my long vol $s in $VXX into a larger short position in $SPY at $300.30. and $QQQ $191.98. Truly hate these volatility products with such tracking error and given contango (steepness between spot and futures). @jimcramer Good riddance!

11:51 AM - 18 Sep 2019

[dTraderB]

Charlie Bilello‏Verified account @charliebilello

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Jan 3, 2001: Fed cut rates 50 bps & S&P closes @ 1,347. S&P declines 43% from there to its Oct 2002 low while Fed cuts the whole way down. Sep 18, 2007: Fed cut rates 50 bps & S&P closes @ 1,519. S&P declines 56% from there to its Mar 2009 low while Fed cuts the whole way down. https://twitter.com/lloydblankfein/status/1174406924592455681 …

3:42 PM - 18 Sep 2019

[dTraderB]

Very interesting....

 

1. Charlie Bilello‏Verified account @charliebilello 2h2 hours ago

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   Global Central Bank Update... -Fed cuts rates by 25 bps to a range of 1.75%-2.00%, 2nd cut this yr. -Brazil cuts rates by 50 bps to an all-time low of 5.50%. -Saudi Arabia cuts rates by 25 bps to 2.50%.

   

    
2.  

   Charlie Bilello‏Verified account @charliebilello 3h3 hours ago

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   The Fed cut rates again today with the US Unemployment Rate at 3.7%. Since the Fed started specifically targeting the Fed Funds Rate in 1982, it had never cut rates w/ the Unemployment Rate below 4%. Lowest unemployment rate w/ a rate cut previously was 4.2% in Jan 2001.

   

[dTraderB]

topping??

 

https://www.marketin...ce-decline-line

 

Just GREEd, not extreme as yet

 

https://money.cnn.co...fear-and-greed/

[dTraderB]

NOTE this:

 

StockCharts.com‏ @StockCharts

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Erin Swenlin - DP Alert: Overbought IT Indicators Suggest Rough Waters Ahead

 

https://stockcharts....ndicat-524.html

[redfoliage2]

So far it has been boring for an OpEx week, but I expect it to be more exciting in the last two days of the week..............

[da_cheif]

yawwwnn.....geez u guys  ....10 years of this ......dont u ever get tired of chasing that elusive bear???    lolol

[dTraderB]

So far it has been boring for an OpEx week, but I expect it to be more exciting in the last two days of the week..............

 

 

exceedingly so, especially with FED even also