26 replies to this topic

[tradesurfer]

all hands on deck we are breaking support !!! this could be one of the most ugly bearish engulfings similar to 1987 CRASH.  Mercury retrograde tomorrow at 6:15AM and other hard aspects next week !

[tradesurfer]

forget about the popcorn, get the beer and hard liquor instead I think many traders in USA may need it

[K Wave]

 

I mean just look how explosive the VIX looks, there is a huge black swan out there

 

The plantary speed has now ground to a halt.  Why the planets moving to there slowest point in orbit affects stock traders beats me but it works !!

 

the only way planets would affect stock traders is if they could fall down  and hit their heads.....I think. But luckily it can' t happen 

 

 

 

I have seen Ray Merriman call tops and bottoms to the day, or within a day or 2, many times over the years using precisely that.

 

He apparently just did it again with his Dec 24 top call....

 

FWIW

[gannman]

it looks like you had 5 waves down off the top on jan 4 then a ,62 retrace 

 

we will see here looks like we are heading down again 

[tradesurfer]

I guess the futures will finish the decline into the lower support tonight

 

it looks like you had 5 waves down off the top on jan 4 then a ,62 retrace 

 

we will see here looks like we are heading down again 

[hhh]

And the planets don't have to be the cause. The older you get, the more you realize that everything in this world is cyclic. All you'd need for following the planets to be a valid strategy is for them to follow the same cycles as certain things on Earth. Anybody that denies the Moon has an effect on earthly things is not paying attention.

[tradesurfer]

VIX up almost 15% on barely 1% down the spx wow.

[steadyquest]

"The plantary speed has now ground to a halt."

 

Funny!  A comedian - or very old-school, i.e., pre-Copernican?

 

https://en.wikipedia...trograde_motion

 

https://www.nbcnews....g-it-ncna825726

"Astrology has no more scientific basis than alchemy or belief in the existence of unicorns."

 

But we know unicorns exist - there are literally hundreds of them now!

[pdx5]

12 (Reuters) - Controlling inflation that has spiked to nearly a 40-year high is the "most important task" facing the Federal Reserve right now, Fed Governor Lael Brainard said in prepared remarks for a Senate hearing on Thursday on her nomination to become vice chair of the U.S. central bank.

"We are seeing the strongest rebound in growth and decline in unemployment of any recovery in the past five decades," Brainard said in comments to be delivered to the Senate Banking Committee. "But inflation is too high, and working people around the country are concerned about how far their paychecks will go. Our monetary policy is focused on getting inflation back down to 2 percent while sustaining a recovery that includes everyone. This is our most important task.

Brainard is scheduled to begin her testimony at 10 a.m. EST (1500 GMT) in a session that could mark the start of a broader and potentially bitter partisan contest over the make-up of the Fed's seven-member governing board.

Register now for FREE unlimited access to Reuters.com

Only four of those seats are filled right now, and pending Biden appointments, including for a second vice chair's slot overseeing financial regulation, could advance what he and his Democratic supporters feel should be a bigger Fed role on climate issues and a tougher hand with Wall Street.

Brainard, a Democrat first appointed to the Fed in 2014 by then-President Barack Obama and confirmed at the time by a 61-31 vote, would be a prominent player in that effort.

She is a veteran of U.S. economic policymaking, and in her remarks noted that she had "worked on the U.S. policy response to every major financial crisis over three decades" as a member of past Democratic administrations and more recently at the Fed.

In her prepared remarks, which were released by the Fed on Wednesday, Brainard said she was "committed to the independent and nonpartisan status" of the central bank, and promised an "independent voice."

As a Fed governor she was a frequent dissenting vote against steps taken during former President Donald Trump's administration and under Fed Chair Jerome Powell to loosen oversight of the largest banks.

[12SPX]

Don't think this is crash worthy sorry, were in a sideways correction time according to options in my view.  To much major flipping on both sides now.