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08/22/2019 Live Update

08/22/2019 Live Update

Postby Cobra » Thu Aug 22, 2019 9:23 am

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maybe breakout on the upside is more likely now.
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Re: 08/22/2019 Live Update

Postby Cobra » Thu Aug 22, 2019 9:25 am


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Re: 08/22/2019 Live Update

Postby Cobra » Thu Aug 22, 2019 9:57 am


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Re: 08/22/2019 Live Update

Postby Al_Dente » Thu Aug 22, 2019 10:12 am

$NDX filled the morning gap
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Re: 08/22/2019 Live Update

Postby Trades with cats » Thu Aug 22, 2019 10:19 am

Need to find some buyers to start the squeeze.

On the other hand if Fed disappoints FT 71 was pointing out all the new purchases in this price range that will close out and add to the selling.
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Re: 08/22/2019 Live Update

Postby Al_Dente » Thu Aug 22, 2019 10:26 am

Harker, Philly Fed Pres, just spoke on CNBC
He's neutral, but he DOESN'T VOTE
Maybe Powell lifted the gag-order, and we'll get more FED chatter today (?)
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Re: 08/22/2019 Live Update

Postby Al_Dente » Thu Aug 22, 2019 10:27 am

Al_Dente wrote:$NDX filled the morning gap

$SPX and $RUT just filled their morning gap
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Re: 08/22/2019 Live Update

Postby Trades with cats » Thu Aug 22, 2019 10:31 am

Thank you Mr Harrker for showing us all why Chair Powell needs to enforce the gag order,
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Re: 08/22/2019 Live Update

Postby Trades with cats » Thu Aug 22, 2019 10:32 am

Turning into a run away train.
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Re: 08/22/2019 Live Update

Postby Trades with cats » Thu Aug 22, 2019 10:36 am

ES 09-19 (15 Minute) 2019_08_22 (8_32_19 AM).png

Yes I know Cobra says statistics on bearish engulfing don't mean much, but hey it is an interesting pattern. :)
I think it will take more than a Presidential tweet to turn this one today. :lol:
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Re: 08/22/2019 Live Update

Postby Cobra » Thu Aug 22, 2019 10:38 am

might be a rebound here first but this bear shall have legs.
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Re: 08/22/2019 Live Update

Postby te_fern » Thu Aug 22, 2019 10:39 am

If it doesn't rebound here, 2900 area might be the target....
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Postby MrMiyagi » Thu Aug 22, 2019 10:49 am

August manufacturing PMI comes in under 50, this is where recessions start (despite what Donald and plastic-puppet Kellyane say).

This may force Fed to cut the rate, it may be too late though.


Capture.PNG
oopsies
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Re:

Postby Trades with cats » Thu Aug 22, 2019 10:57 am

MrMiyagi wrote:August manufacturing PMI comes in under 50, this is where recessions start (despite what Donald and plastic-puppet Kellyane say).

This may force Fed to cut the rate, it may be too late though.




Fed behind the cure? Why Sir, I have never heard of such a thing! :lol: :lol: :lol:
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Re: 08/22/2019 Live Update

Postby Heck » Thu Aug 22, 2019 11:01 am

All Three Option Sentiment Indicators = UP
BUYING Above $SPX 2,904.51
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Re: 08/22/2019 Live Update

Postby 1der » Thu Aug 22, 2019 11:06 am

Potential cracks here in the San Francisco Bay Area ??

Things in the housing sector may be slowing down. I have been trying to get a tile person in to due a bathroom, never get a call back, everyone is super busy especially the high quality people. Well, yesterday one of them called and apologized saying he HAD been so busy but now things have slowed down.

Still plenty of construction cranes on the skyline but that is different than the residential marketplace which can more quickly change.

A friend’s business in Denver has seen business slow pretty quickly from being in a 6 month delivery backlog in January , now 5 to six weeks.

Another friend relayed his hearing of Toledo Ohio having block after block of vacant store fronts, and the coal belt being quite depressed.

Anyone else have first hand observations??
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Re: Re:

Postby 1der » Thu Aug 22, 2019 11:12 am

Trades with cats wrote:
MrMiyagi wrote:August manufacturing PMI comes in under 50, this is where recessions start (despite what Donald and plastic-puppet Kellyane say).

This may force Fed to cut the rate, it may be too late though.


Fed behind the cure? Why Sir, I have never heard of such a thing! :lol: :lol: :lol:


Huge tax cut = huge deficit and just a quick “high” for most,- now back to reality

Next Rate cut will piss off the senior sector who just now are starting to see some, albeit low, interest returns on their savings vs the .25% or nothing up until recently. 2% on $1mil at least pays for something. .25% not much.
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Re: 08/22/2019 Live Update

Postby Al_Dente » Thu Aug 22, 2019 11:23 am

Al_Dente wrote:Harker, Philly Fed Pres, just spoke on CNBC
He's neutral, but he DOESN'T VOTE...

Non-Voting Harker:
"Yield curve is only one of many signals."
"Trade issue makes business decisions difficult."
"Growth now is exactly what we had anticipated last year."
"No need for another rate cut, central bank should stay here for a while."
"Trade resolution would boost growth."
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Re: 08/22/2019 Live Update

Postby Daniel » Thu Aug 22, 2019 11:27 am

From Briefing.com..
"Kansas City Fed President George (FOMC voter) reiterated her view that there was no need to cut rates last month, while Philadelphia Fed President Harker (an FOMC voter in 2020) told CNBC that he doesn't support further economic stimulus right now.

Interestingly, the CME FedWatch Tool now puts an 8.8% chance that the fed funds rate remains unchanged at the next FOMC meeting in September. Of course, this remains a minority view, but two days ago, this probability was at 0.0%."
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Re: 08/22/2019 Live Update

Postby Al_Dente » Thu Aug 22, 2019 11:30 am

20 day, %, update, wow :geek:
822twenty.png.png
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