Holy Prime Batman! Coolbizone, who has been mostly long Amazon for years blasted this out on twitter this morning "Expect AMZN to have a corrective sell of to 1390-1350 area in coming weeks from yesterday's high of 1472.58. 1460 must not be breached."
What a non-surprise, we hit the critical 2827 upside target on a run that begins with the close of the european markets. ES 2827.50 yesterday's VWAP and today's Pivot Point. So if it holds, bulls in charge.
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Fast forward to today when just one month before Italy's elections - which the broader market stubbornly refuses to acknowledge are a risk factor - Bridgewater has tripled down on its bearish bets against Italian banks and insurers, making the position the largest short carried by the world's biggest hedge fund in years, if not ever.
Could be a huge catalyst in the USdollar /Euro .. those Italian elections.. fwiw .. ad per usual.. mind your gold/oil
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RELATIVE STRENGTH, ROTATION
SHORT TERM
This leaves only QQQ and financials supporting spy
people, people, come on, is that the best you can do bulls? …… get going already … sheeesh…
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
AD
The Emperor has no clothes
AD 1-to-1 just means it's a very very narrow, not a broad based rally
Not nearly enough to support a triple digit dow +129 points. Rumor has it they are considering re-naming The Dow "The Boeing"
1min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Furthermore, Goldman is "also initiating a new 2018 top trade and recommending a long 6-month call option on the S&P GSCI excess return index struck 5% out of the money." With a cost of 2.3%, the breakeven is a 7.3% return with a 4.4 to 1 expected payout based upon our 6-month return forecast of 15%.
Translation: Goldman's prop desk is now aggressively selling commodity upside exposure to clients, which means that by definition, Goldman is turning bearish on commodities
Trades with cats wrote:Holy Prime Batman! Coolbizone, who has been mostly long Amazon for years blasted this out on twitter this morning "Expect AMZN to have a corrective sell of to 1390-1350 area in coming weeks from yesterday's high of 1472.58. 1460 must not be breached."
Among the most widely held February options that expire Friday, there are almost 4 times the amount of calls held by investors than puts, indicating a continued bullish setup into the fourth-quarter earnings announcement, despite implied volatility nearing the 100th percentile.