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"Worried about a Melt-UP"


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#21 andr99

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Posted 18 May 2020 - 02:34 PM

 

The $3,000,000,000,000 money inserted in circulation has to have an effect, with another $3,000,000,000,000 in works.

Also as Mark points out, 2-Month AA Financial Commercial Paper is yielding just 19bp is guaranteed loss net of inflation and is TAXABLE income.

Negative rates anyone? Is it any wonder the cash is stampeding into stocks? Myself included! I hate monopoly money giveup.gif 

 

It's Trump money, which is much lower grade than monopoly money.  Isn't any one concerned? This morning Kudlow was floating another corp tax cut to 10%. Absolutely no benefits from trade deals.  We went through 3-1/2 years of verbal market manipulation with trade deals and now we're talking about tariffs again. Tough talk with China ensures huge military spending and billions more aid for farmers - 47 billion so far. It seems that everyone just cares about a rally but these guys love leverage and debt without any way to pay for it and you-know-who is doing it with our money this time.  In '80 we had stagflation and 19% interest rates, 40 years of rallies and we have 0%....anybody ready for stagflation and some..... POTTERSVILLE? 

 

 

the american financial system as I have known it, is rotten. It's festering. There's no other financial system in the world more manipulated than it.  


Edited by andr99, 18 May 2020 - 02:35 PM.

forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#22 Dex

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Posted 18 May 2020 - 02:41 PM

 

 

The $3,000,000,000,000 money inserted in circulation has to have an effect, with another $3,000,000,000,000 in works.

Also as Mark points out, 2-Month AA Financial Commercial Paper is yielding just 19bp is guaranteed loss net of inflation and is TAXABLE income.

Negative rates anyone? Is it any wonder the cash is stampeding into stocks? Myself included! I hate monopoly money giveup.gif 

 

It's Trump money, which is much lower grade than monopoly money.  Isn't any one concerned? This morning Kudlow was floating another corp tax cut to 10%. Absolutely no benefits from trade deals.  We went through 3-1/2 years of verbal market manipulation with trade deals and now we're talking about tariffs again. Tough talk with China ensures huge military spending and billions more aid for farmers - 47 billion so far. It seems that everyone just cares about a rally but these guys love leverage and debt without any way to pay for it and you-know-who is doing it with our money this time.  In '80 we had stagflation and 19% interest rates, 40 years of rallies and we have 0%....anybody ready for stagflation and some..... POTTERSVILLE? 

 

 

the american financial system as I have known it, is rotten. It's festering. There's no other financial system in the world more manipulated than it.  

 

Except for Europe, Japan, China


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#23 K Wave

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Posted 18 May 2020 - 02:48 PM

Looks like reasonable chance we tag hourly 900 on SPX tomorrow, currently around 3015, and then potentially huge decision will be made....


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#24 andr99

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Posted 18 May 2020 - 02:53 PM

 

 

 

The $3,000,000,000,000 money inserted in circulation has to have an effect, with another $3,000,000,000,000 in works.

Also as Mark points out, 2-Month AA Financial Commercial Paper is yielding just 19bp is guaranteed loss net of inflation and is TAXABLE income.

Negative rates anyone? Is it any wonder the cash is stampeding into stocks? Myself included! I hate monopoly money giveup.gif 

 

It's Trump money, which is much lower grade than monopoly money.  Isn't any one concerned? This morning Kudlow was floating another corp tax cut to 10%. Absolutely no benefits from trade deals.  We went through 3-1/2 years of verbal market manipulation with trade deals and now we're talking about tariffs again. Tough talk with China ensures huge military spending and billions more aid for farmers - 47 billion so far. It seems that everyone just cares about a rally but these guys love leverage and debt without any way to pay for it and you-know-who is doing it with our money this time.  In '80 we had stagflation and 19% interest rates, 40 years of rallies and we have 0%....anybody ready for stagflation and some..... POTTERSVILLE? 

 

 

the american financial system as I have known it, is rotten. It's festering. There's no other financial system in the world more manipulated than it.  

 

Except for Europe, Japan, China

 

 

believe me.......except just for america............never seen anything more manipulated so far 


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#25 andr99

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Posted 18 May 2020 - 03:31 PM

do you remember remdesevir ? ''markets rise on hope remdesevir can cure covid'' was the market driving news........has anyone heard again of remdesevir ? 


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#26 pdx5

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Posted 18 May 2020 - 04:25 PM

 

 

 

It's Trump money, which is much lower grade than monopoly money.  Isn't any one concerned? This morning Kudlow was floating another corp tax cut to 10%. Absolutely no benefits from trade deals.  We went through 3-1/2 years of verbal market manipulation with trade deals and now we're talking about tariffs again. Tough talk with China ensures huge military spending and billions more aid for farmers - 47 billion so far. It seems that everyone just cares about a rally but these guys love leverage and debt without any way to pay for it and you-know-who is doing it with our money this time.  In '80 we had stagflation and 19% interest rates, 40 years of rallies and we have 0%....anybody ready for stagflation and some..... POTTERSVILLE? 

 

 

Since Trump-money is worse than monopoly money, are you going to short this market?

This forum is not about discussing Trump, Kudlow, Tariffs, Military, Farmers etc.

The forum is called FEARLESS FORECASTERS.

My FF is we are going to new highs in all 3 indexes withing a year.

Just stick to your opinions about direction of MARKET, and not Trump.


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#27 Darris

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Posted 19 May 2020 - 12:33 PM

There is an old breadth indicator that may finally confirm even tho we are no where near the price low or in time, and supporting a strong trend up from here.  This type of event occurred in 2012.  In 2012 sell in May was strong and after we bottomed we did not confirm a breadth thrust, but in mid November that same year we experienced another breadth and price sell off, but in early December, 10 days later, we confirmed a Zweig breadth thrust (ZBT).  That rally was 1400 to 2100 or 50% in 2.5 years.  As we have already had the panic crash wave, last week on Thursday May 13th we nearly gave a 10 day simple moving breadth NYSE advancing % average of less than 40%, but the big late day rally just slightly closed it above the signal level.  8 less issues up flipped over to decliners would have given the signal, but since we know now that the insiders with Jay POW knew what they were going to do Sunday evening, they had already loaded up on the Thursday and Friday big gap downs.  Anyway, now a days if you see something important during the day, the Bots pick up on it before the end of the day and front run it.  We are on day 4 of the potential signal today and the 4 day advancing % of NYSE breadth is already at 63%.  As long as we do not have another 12% or less down day in the next 6 days and including today, this is another indicator that could confirm the trend up mid-way.  There was no doubt back in January 2019 when we got the signal at SPX 2550 or 2575 depending on how you looked at it.  NDX back on board after several days of digestion, and Semi's rocking.  This rotation cycle day to day is just the new way to try and keep the majority of traders and retail off balance.  It does not matter to the Bots.  A large percentage of the buy the dippers got added to the bull market hater group since they never got back on board, and they will be part of the wave of Retail, Institutions, hedge funds, and anything that has been truly short, all start buying at once when they see the long term, mainly 200 day, turning bullish.  As we have seen with AAII and Inverse share accumulation, they are not budging no matter how high we go so far.  Last night the ES printed 2976 which raises the recovery rally to 37% (2174 to 2976).  NQ's 42%.



#28 K Wave

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Posted 19 May 2020 - 12:49 PM

SPX 15 min chart....

 

IF bears do not retake the 200 MA before it starts to pull away from the 900, they will be likely in a world of hurt....

 

spx.png

 

 


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#29 K Wave

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Posted 19 May 2020 - 01:12 PM

And Trannies with what appears to be the early stages of a Bear Trap Shake and Bake??

 

Again..bears do not want to see that 200 start to pull away from the 900 soon...

 

tran.png


Edited by K Wave, 19 May 2020 - 01:12 PM.

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#30 K Wave

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Posted 19 May 2020 - 01:14 PM

One more crack at 2960...let's see if it gives way this time....


Edited by K Wave, 19 May 2020 - 01:14 PM.

What A Beautiful Black Sky