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POWELL to the rescue! Markets will break out of narrow range....


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#1 dTraderB

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Posted 12 November 2019 - 08:23 PM

Incredibly, the DOW actually finished UNCHANGED! 

 

But, fear not, the markets will break out of this narrow range as POWELL testifies or the Chinese decide it's time to 

stop teasing and get down to serious PHASE ! wrapping up. Phase 1 could be almost nothing - that's why it is merely a phase and only the first of 5 or 10 or many more phases. 

 Federal Reserve Chairman Jerome Powell will testify before the Joint Economic Committee tomorrow on the Fed's economic outlook.

The Bureau of Labor Statistics also reports the consumer-price index for October. Expectations are for a 1.7% year-over-year rise, with the core CPI, which excludes volatile food and energy prices, seen rising 2.4%. Both estimates would match the September data.



#2 dTraderB

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Posted 12 November 2019 - 08:24 PM

By Nicholas Jasinski |  Tuesday, November 12

Optimism. The Dow Jones Industrial Average did exactly nothing today. Exactly. It closed Monday at 27,691.49 – a record high. Today, the index closed at....27,691.49 – tying its all-time high, to the hundredths. The last time the Dow ended a trading day unchanged was in April 2014. The last time it closed unchanged the trading day after hitting a record close was in January 1994.



#3 dTraderB

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Posted 12 November 2019 - 08:31 PM

Rally just getting started and stocks could gain more than 20% from here, chart analysis shows

https://www.cnbc.com...er|eveningbrief



#4 dTraderB

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Posted 12 November 2019 - 08:33 PM

Technically Speaking: A Correction Is Coming, Just Don't Tell The Bulls...Yet
Summary

The idea of "fully invested bears" defines the reality of the markets that we live with today.

Regardless of the timing of that correction, it is unlikely there is much upside remaining in the current advance, and taking on additional equity exposure at these levels will likely yield a poor result.

Given the fact that the short-, intermediate-, and long-term indicators have all aligned, the risk of running portfolios without a hedge is no longer optimal. As such, we added an "inverse" S&P 500 position to all of our portfolios late yesterday afternoon.

https://seekingalpha...tRoadblock=true



#5 dTraderB

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Posted 12 November 2019 - 08:34 PM

Luke Kawa @LJKawa
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The S&P 500 hasn't touched its 10-day moving average in 23 sessions, the longest such streak since February-March 1998.

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1:19 PM - 12 Nov 2019


#6 dTraderB

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Posted 12 November 2019 - 08:43 PM

Marc Eckelberry @AheadoftheNews
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$CPCE remains the major concern for this rally with the 10 day still buried in max complacency. There's a rug pull coming, either that or we are pushing the envelope and eating into December gains.

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4:33 PM - 11 Nov 2019


#7 dTraderB

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Posted 12 November 2019 - 08:44 PM

Of course, there are no "insider trades" based on this.

 

Marc Eckelberry @AheadoftheNews
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We all know the routine: bravado on trade war at market highs, eager concessions on corrections.

5:19 PM - 12 Nov 2019


#8 dTraderB

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Posted 12 November 2019 - 08:48 PM

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#9 dTraderB

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Posted 13 November 2019 - 07:33 AM

Macro Charts @MacroCharts
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Today I'll share *five* tweets focusing on some ST tactical concerns. Important: no change in MT/LT Bullish view. 1/ Equity & Total P/C Ratio (inverted) – pushing all the way to April/July extreme. Monitoring risk of tactical pullback.

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4:00 AM - 13 Nov 2019

 



#10 robo

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Posted 13 November 2019 - 09:24 AM

Rally just getting started and stocks could gain more than 20% from here, chart analysis shows

https://www.cnbc.com...er|eveningbrief

 

LOL.....  I went flat, because my data currently indicates some very high odds of a pullback...... why even post a chart here anymore......  My system remains on a hold long positions, but the Risk Reward is just to high now to stay long..... I'm flipping to only trading the miners until the current stock market extremes get back to normal.

 

Day 24 of buy VXF and sell VXX.... 

 

I'm also waiting for a VXX buy signal.... Waiting!


Edited by robo, 13 November 2019 - 09:33 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