below zero
https://www.marketin...llan-oscillator
"sort of flying blind at the moment. ... any short-term analysis now is simply guessing ..."
Started by
dTraderB
, Jun 24 2023 10:00 AM
104 replies to this topic
#32
dTraderB
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Posted 27 June 2023 - 06:57 AM
Heavy trading in ASIAN markets, many making sustainable strong LIWS, except NIKKEI
YEN also making LOW.
AAPL still green thus morning
YEN also making LOW.
AAPL still green thus morning
#33
dTraderB
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Posted 27 June 2023 - 07:17 AM
TALKING DOWN THE MARKET;
BARRON'S:
Fed Will Pay High Price to Bring Down Inflation. Investors Should Take Note.
Central bankers from around the world are gathering in Sintra, Portugal this week to discuss the state of the world economy. So far, the consensus seems to be that its not good.
Federal Reserve Chairman Jerome Powell speaks on Wednesday, a few days before the next PCE inflation data are released on Friday. European Central Bank President Christine Lagarde reiterated on Tuesday that the battle with inflation isnt over. The ECB cant afford to waver, she said.
The International Monetary Fund made a somewhat controversial contribution to the debate. Deputy Head Gita Gopinath told the conference that raising rates quickly to get inflation under control could trigger financial instability. She calls it an uncomfortable truth.
Its certainly a message no one wants to hear. Powell boldly pressed ahead with interest-rate increases when regional banks faced turmoil in March. Lagarde firmly declared earlier this year that there is no trade-off between fighting inflation and financial stability.
That seems a bit cavalier for Lagarde, given that only slightly higher interest rates nearly pushed Greece out of the European currency bloc a decade ago.
Central bankers, at the start of the hiking cycle, seem to have spent too much time worrying about the nasty impact of interest-rate increases. Much time was wasted talking about inflation being transitory and rate hikes started too small. Its now a concern that the bankers are swinging in the opposite direction, spending too little time worrying about the implications.
BARRON'S:
Fed Will Pay High Price to Bring Down Inflation. Investors Should Take Note.
Central bankers from around the world are gathering in Sintra, Portugal this week to discuss the state of the world economy. So far, the consensus seems to be that its not good.
Federal Reserve Chairman Jerome Powell speaks on Wednesday, a few days before the next PCE inflation data are released on Friday. European Central Bank President Christine Lagarde reiterated on Tuesday that the battle with inflation isnt over. The ECB cant afford to waver, she said.
The International Monetary Fund made a somewhat controversial contribution to the debate. Deputy Head Gita Gopinath told the conference that raising rates quickly to get inflation under control could trigger financial instability. She calls it an uncomfortable truth.
Its certainly a message no one wants to hear. Powell boldly pressed ahead with interest-rate increases when regional banks faced turmoil in March. Lagarde firmly declared earlier this year that there is no trade-off between fighting inflation and financial stability.
That seems a bit cavalier for Lagarde, given that only slightly higher interest rates nearly pushed Greece out of the European currency bloc a decade ago.
Central bankers, at the start of the hiking cycle, seem to have spent too much time worrying about the nasty impact of interest-rate increases. Much time was wasted talking about inflation being transitory and rate hikes started too small. Its now a concern that the bankers are swinging in the opposite direction, spending too little time worrying about the implications.
#34
dTraderB
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Posted 27 June 2023 - 07:23 AM
Want to do this trade but requires too much time:
INTERVENTION ON YEN?
Meanwhile, as we wait to see when Japan intervenes, it helps to remember Japan always goes for big. Think September and October 2022, when it spent upwards of $60 billion as the yen fell to 32-year lows.
Those with short yen positions hoping to time a perfect trade need only look at the yen chart, and its 14 yen rally over 3 weeks for a tip.
INTERVENTION ON YEN?
Meanwhile, as we wait to see when Japan intervenes, it helps to remember Japan always goes for big. Think September and October 2022, when it spent upwards of $60 billion as the yen fell to 32-year lows.
Those with short yen positions hoping to time a perfect trade need only look at the yen chart, and its 14 yen rally over 3 weeks for a tip.
#35
12SPX
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Posted 27 June 2023 - 07:54 AM
Well in the end my long was taken out for a 3 point profit and have been sitting in cash all night but only 11 points away to making up my loss at 139 points. Market is now remaining in no where land in grindville with no direction. Looks like we may have just expanded our trading range by a 100 points which isn't all that bullish. Always easy being bullish anyhow but there is still a huge possibility of a bigger correction coming but we may have to wait till the fall to get it at this point. Should be interesting at the least, waiting for some movement to either go long or short...
#36
12SPX
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Posted 27 June 2023 - 08:37 AM
Trying a short build at 4385...
#37
12SPX
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Posted 27 June 2023 - 08:50 AM
profit stop 4383 sell above
#38
12SPX
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Posted 27 June 2023 - 08:52 AM
Whoops, didn't hit stop so I'm out at 4381 for 4 points lol!!
