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


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#11 12SPX

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Posted 13 November 2019 - 09:32 AM

I agree, the problem is this expiration cycle has been one of the strongest Novembers in 10-years so with 3 days left it'll be tough and unless it does it sets up for a poor December most likely!



#12 robo

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Posted 13 November 2019 - 09:39 AM

I agree, the problem is this expiration cycle has been one of the strongest Novembers in 10-years so with 3 days left it'll be tough and unless it does it sets up for a poor December most likely!

I use several indicators, but the ones on this chart have the highest success rate for odds of a pullback. ( Black vertical dotted lines) We are now more extreme then we were in July just before a 8% pullback so I went to cash.... Waiting.... and we could go higher, but I will remain flat VXF.  

 

https://stockcharts....314&a=698911440

 

My first target for IWM is 155ish.....That is just a guess based on the gap.... VXX continues to trend down and it's now been 24 days on a sell signal.  I trade the daily closing prices  for trend trading, but do day trade VXX sometimes....

 

https://stockcharts....443&a=699284166


Edited by robo, 13 November 2019 - 09:49 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


#13 robo

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Posted 13 November 2019 - 09:56 AM

I get my Delta and Gamma neutral data here.....

 

 

https://seekingalpha...ofile_header_ad

 

https://seekingalpha...egular_articles

 

 

 Some of the other data i use comes from Sentiment Trader, and the rest is free and can be tracked on stock charts...

 

The dumb money smart money numbers is on my chart above and I use it too as a warning indicator. It's talked about often by traders. It is hitting a extreme.....

 

https://twitter.com/SentimenTrader


Edited by robo, 13 November 2019 - 10:03 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


#14 da_cheif

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Posted 13 November 2019 - 11:34 AM

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.

i didnt need powell or trump     lol  675 ono



#15 dTraderB

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Posted 13 November 2019 - 12:30 PM

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Amazing video of a bear hanging on to his shorts at ATHs

 

https://twitter.com/...648262025908226



#16 robo

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Posted 13 November 2019 - 12:44 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.

i didnt need powell or trump     lol  675 ono

 

It's been a nice run for sure. How it got there doesn't matter to me since I'm a trend trader. But in my opinion the Fed played a Big Part in the new all time highs we are now seeing........  No sell signal from my system yet, but lots of indicators telling me the Risk Reward level is getting very high..... Keep it smaller if trading from the long  side.  


Edited by robo, 13 November 2019 - 12:47 PM.

“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


#17 robo

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Posted 13 November 2019 - 02:02 PM

  • Jason Goepfert
      
     Published: 2019-11-13 at 11:17:30 CST

This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.

 

Volatility event

Several indicators influenced by the options market are throwing off concerning readings, showing that traders have become complacent about the current trend.

We’re currently seeing weeks of low put/call readings, with low premiums being paid for put protection, very low expectations for an imminent volatility event, and heavy betting against a rise in volatility by speculators.


“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


#18 dTraderB

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Posted 13 November 2019 - 02:43 PM

Dam snag! Back to PHASE ZERO??
 

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Helene Meisler Retweeted LiveSquawk

Gonna be hard to get to Phase 2 if you can't get Phase 1 done

Helene Meisler added,

LiveSquawk @LiveSquawk
US-China Trade Talks Hit Snag Over Farm Purchases – WSJ https://www. wsj.com/articles/u-s-china-trade-talks-hit-snag-over-farm-purchases-11573671418?mod=searchresults&page=1&pos=1 
11:00 AM - 13 Nov 2019