06/28/2017 Live Update

[Denali92]

They will do anything to keep the market up..... but what is interesting is that the Euro has completely recovered the drop on those remarks and is now making new highs for the day.... I guess the Algos in FX are not as strong as the algos in Equities....

-D

ECB blatant interference in the market this morning. If you have to use your big stick to enforce your will it is the start of the end of your power. Add that to Yellen's comments yesterday on eliminating crisis for "our lifetime" and I am marking my calendar as the date the era of central planning power peaked.

[te_fern]

TICK has moved up steadily all morning and is now above their MA lines!!

[Cobra]

bear's only hope is this is vacuum up to yesterday's high then sharp pullback. Need some lucks to get this.

[Trades with cats]

http://www.zerohedge.com/sites/default/ ... _EUR_0.jpg

"Following the euro’s biggest daily jump in over a year, in what could be interpreted as verbal intervention, ECB’s Constancio said that market reactions aren’t always understandable and that Draghi didn’t say anything new in regards to recent ECB policy.

Mario Draghi’s speech in Sintra on Tuesday was “totally” in line with recent ECB policy, ECB Vice President Vitor Constancio said in an interview on CNBC"
http://www.zerohedge.com/sites/default/ ... 1%29_0.jpg
Carney this morning at the conference where they are still doing Q & A

“When the MPC last met earlier this month, my view was that given the mixed signals on consumer spending and business investment, it was too early to judge with confidence how large and persistent the slowdown in growth would prove,” he said. “Moreover, with domestic inflationary pressures, particularly wages and unit labor costs, still subdued, it was appropriate to leave the policy stance unchanged at that time.”

Any question about where the traders have their focus? Any doubt that we have extreme herding?

[johnnywa]

black bar and everything else not working for bears,why even bother when bears cant sustain pullback for more than 8 hours

[johnnywa]

black bar and everything else not working for bears,why even bother when bears cant sustain pullback for more than 8 hours

[johnnywa]

bear's only hope is this is vacuum up to yesterday's high then sharp pullback. Need some lucks to get this.

Bears need a miracle

[fehro]

SPX looses 2417, look to gap fill 2412-14.. then 50d 2405ish, then2387 /ES nears 20d SMA tag just 4 points higher.. looking to short .. mind 50d /ES if overnight lows go with conviction..

SPX 5m fwiw.. messy chart.. 2434-33 key resistance

dabble short 2433.25

that didn't work again using oil to push indexes up? /CL report bad.. oil up..

[te_fern]

The levered smalls are back to short term highs. Careful time....

[fehro]

bear's only hope is this is vacuum up to yesterday's high then sharp pullback. Need some lucks to get this.

Bears need a miracle

naw.. SPX still just an inside day.

[Al_Dente]

big bull AD remains strong, even on the nas

[Trades with cats]

And the conference telecast is over for today.

[Al_Dente]

House Financial Services Committee hearing that will evaluate how Federal Reserve policies are adversely affecting households, small businesses, savers, and retirees, and consider policy opportunities that the Federal Reserve could implement to improve economic opportunities for all.
LIVE NOW
http://www.zerohedge.com/news/2017-06-2 ... d-retirees

[Trades with cats]

Crude- market is focusing on the pull back in US production. I think they have forgotten the news feed of the storm coming ashore. They do shut down the gulf platforms when storms happen.

Everybody is just waiting for a big player to squeeze the hedge funds now that they are short. And of course we have Venezuela to watch.

[fehro]

SPX looses 2417, look to gap fill 2412-14.. then 50d 2405ish, then2387 /ES nears 20d SMA tag just 4 points higher.. looking to short .. mind 50d /ES if overnight lows go with conviction..

SPX 5m fwiw.. messy chart.. 2434-33 key resistance

dabble short 2433.25

that didn't work again using oil to push indexes up? /CL report bad.. oil up..

dabble again.. short 2436.50

[Trades with cats]

I am no fan of the Fed but when congress starts talking policy "to help people see their way clear to re-elect us" I just start reciting the very long list of deficits and unfunded mandates. Does anyone really want the folks who manage the Social Security Trust Fund in charge of the money supply?

[te_fern]

Levered smalls broke over the short term highs!

[Al_Dente]

same AD, but this one looks at how it lines up w IWM instead of SPY
[edit: look at that up-to-down volume on the NY ..... it is now 8x !!! That is hard to sustain]

[Trades with cats]

Overnight markets contributed half the move to today's high with New York providing the second leg. When London/Frankfurt closes in 20 minutes (they who's currencies went up today) I wonder if New York (the weak currency) can stand on it's own.

[Wallstreetrader]

Dip sold time to back monday plan