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02/09/2019 Weekend Update

PostPosted: Fri Feb 08, 2019 5:28 pm
by Cobra
Up 2 weeks in a row, 77% chances higher high ahead the next week, so bulls might be still OK for now.

Re: 02/09/2019 Weekend Update

PostPosted: Fri Feb 08, 2019 8:33 pm
by K447
Re: Market Outlook;

... It’s a bullish reversal day (gap up, new low but close up eventually) ...


This Friday SPY open was gap down, not up?

Re: 02/09/2019 Weekend Update

PostPosted: Sat Feb 09, 2019 1:01 pm
by BullBear52x
From It is what it is department: Trend change transitional is in the work, will the bulls pull it off to continue higher? it is the question of the day? Multi-time frames view; short term is bearish, the next focus is on Hourly chart, Friday last few minutes end of day ramp was suspected at best. internals are all aligned bearish as of Friday closed.
Swing trade is in a sell mode, short term early bird/first mouse is well under 5DMA.
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internals are suggesting sell.
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the most stand out is the sell volume in the past couple weeks, it is getting stronger. this is a big caution for bulls unless we have a heavy buy volume to counter this in coming week. see bulls buying volume on Dec low and now Bears selling at current level. I am in selling the rip camp. Peace!
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Re: 02/09/2019 Weekend Update

PostPosted: Sat Feb 09, 2019 1:12 pm
by BullBear52x
Candle Power:
Daily: Last day candle is a reversal candle but not close to call a bullish piercing candle.
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Weekly: Long legged Doji, it's ok for us to be indecision. :D
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Re: 02/09/2019 Weekend Update

PostPosted: Sun Feb 10, 2019 3:06 pm
by BullBear52x
Bear porn, $VIX

Re: 02/09/2019 Weekend Update

PostPosted: Sun Feb 10, 2019 3:35 pm
by Al_Dente
The debt-fueled “growth” the U.S. has seen in recent years, has reached all-time highs
The “Debt Trifecta”:
1. U.S National Debt: U.S.debt exceeds GDP. Since 2008, the debt has jumped from $10.6 trillion to $22 trillion. It also comes with a deficit that’s currently over $1 trillion.
2. Corporate Debt: Corporations have taken on a record level of debt since 2007.
3. Consumer Debt: Total consumer debt (near $4 trillion) has risen 47% since 2008, and shows no signs of stopping.
And now, even billionaires [Seth Klarman, Ray Dalio] are sounding the alarm.
What to do? “Prepare Your Exit Plan”
https://www.zerohedge.com/news/2019-02- ... to+zero%29

But don’t worry because the FED has your back, via possibly more frequent QE: :roll: :roll:
Friday [2/8/19], Reuters reported that San Francisco Fed President Mary Daly said that US central bankers are currently debating whether it should confine its controversial tool of bond buying to purely emergency situations or if it should turn to that tool more regularly.
“In the financial crisis, in the aftermath of that when we were trying to help the economy, we engaged in these quantitative easing policies, and an important question is, should those always be in the tool kit …”.
So how would the Fed decided which "tool" to use when? Well, according to Daly the answer wasn't clear: "you could imagine executing policy with your interest rate as your primary tool and the balance sheet as a secondary tool, but one that you would use more readily,” she added. “That’s not decided yet, but it’s part of what we are discussing now." :roll: :roll:
https://www.zerohedge.com/news/2019-02- ... -regularly