Huge Amount of Cash Swapped into Stock Accounts

Edited by redfoliage2, 18 September 2021 - 08:43 AM.

Edited by redfoliage2, 18 September 2021 - 08:51 AM.

Interesting datapoint in light of the fundamental mission of the street being to deliver max pain to the max number of players.

That's what makes a market...

I'm pulling cash out of brokerage accounts and into banks 

I don't like at all the Evergrande Landscape.

Better safe than sorry, I say

Have to be very careful about which banks though...

Edited by redfoliage2, 19 September 2021 - 03:50 PM.

Edited by redfoliage2, 19 September 2021 - 04:53 PM.

If a bounce on Monday it's more likely to happen intra-day .............................

I still see a big bounce in the cards this week. The selling last Friday was mainly caused by rebalancing of several indices including SPX 500, Spx 600, NAZ 100, SOX.

https://www.thestree...ell-rebalancing

The market impact should be the same as for other index rebalancing.

With this mini crash today now let's see what the Fed will say/will do tomorrow ..........................

SPX pivot support tested and held so far today.  With the Fed meeting coming up shorts will have to cover tomorrow ...............................

Edited by redfoliage2, 20 September 2021 - 02:38 PM.