01/04/2019 Live Update

[Trades with cats]

Coolbiz is saying not yet bull-

"SPX has not negated the Minor 4 count as of yet, as it has formed a Triple ZZ from the low at 2346.58 in Minute Waves, a valid corrective. So best is to wait for next 1-2 days for clarity, One of them will get invalidated and will provide clarity with confirmation."

[BullBear52x]

I like what I see

[JFR]

Leaders on the DOW, S&P and Nasdaq.

"There's gold in them thar hills."

[BullBear52x]

20 more handles is possible here, I am eyeing 2540ish with tight profit stop.

[JFR]

S&P leaders. 15 minute charts.

[BullBear52x]

got stoppped out. I am taking a break. good Friday

[JFR]

Powell seeks to calm the markets. Jobs data good.

Washington Post. New York Times.

[JFR]

Pushing up a bit. IWM stuck at resistance.

Back later ...

[Trades with cats]

Yea, the Feds were a great act this morning. Odds of a March rate cut went to zero.

[Al_Dente]

FED “runoff”
Wednesday, 1/2/19, $18.2billion in Treasurys matured.
As we know, the FED is no longer reinvesting the proceeds (no longer buying bonds …Quantitative Tightening)
Here is the calendar of January days that have the largest balance sheet shrinkage, courtesy of Nomura:
https://www.zerohedge.com/sites/default ... k=SODN2U5g

1/4 THIS MORNING
Fed Chair Powell said he's willing to reconsider the balance-sheet run-off plan if necessary.
Powell says Fed 'wouldn't hesitate' to tweak balance sheet reduction if it was causing problems
The Fed is "listening carefully to market."
“Markets are pricing in downside risks" even as he sees no major risks in the economy.

[Al_Dente]

McClellan
“Santa Claus Rally” period consists of the last 5 trading days of the year plus the first two of the next year… my own research shows that it is up 78% of the time since 1928. But if it goes against that usual bullish tendency, it is supposedly a bearish omen for the year to follow.
“This year, we find that the official Santa Claus Rally period did see the SP500 close up by 1.29%, and so that should mean an up year for 2019, if the omen is correct.
HOWEVER…
https://www.mcoscillator.com/learning_c ... ard_is_in/

[daytradingES]

Ralph A.png

And he is on TV and in print regularly, flogging the retail accounts.

"CMT"

certifiable major Twit?

p

[daytradingES]

1/4 THIS MORNING
Fed Chair Powell said he's willing to reconsider the balance-sheet run-off plan if necessary.
Powell says Fed 'wouldn't hesitate' to tweak balance sheet reduction if it was causing problems
The Fed is "listening carefully to market."
“Markets are pricing in downside risks" even as he sees no major risks in the economy.

Oh they are not responding to economic indicators any more??

[BullBear52x]

Only 800 dow points, not 1000 yet.

[BullBear52x]

I hop on bears train, last trade.

[brokebybernacke2]

I hop on bears train, last trade.

u brave
dont see much bigger pull back chances till 2600

[daytradingES]

my last weekend call for 2539 has come true with
2539.25 at 12:10

[daytradingES]

my younger brother died Thursday 1am (diabetic coma?)
- just found out.

[BullBear52x]

I hop on bears train, last trade.

u brave
dont see much bigger pull back chances till 2600

5 to 10 handles is my target.

[QED]

my younger brother died Thursday 1am (diabetic coma?)
- just found out.

My sincere condolences.