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1st test of ema20 in a long time should be some sellers around.
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"According to several forms filed with the SEC, Dorsey purchased just over 1 million shares of Twitter stock between $15.87 and $16.82 between February and April of last year. That's the executive's way of saying they believe in the company's future.
Well, those purchases have effectively doubled based on Thursday's [today's] action."
[thestreet.com]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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50% was a coincidence. It is clearly Feds Dudley tanking the market. If I was a Trump supporter I would be very suspicious of this 180 degree reversal on fed speak during sell offs.
Personally I think it is Nietzsche conditioning of the market by the Fed. Feed us a little poison so that we can survive the huge dose coming later as they unwind the balance sheet.
This is getting the look of risk parity unwind, for want of a better term. Wave after wave of selling with big bounces (always through my stops) in between.
debt service costs are projected to double as a share of GDP (Dudley)
eg: interest rates on the new bonds we'll have to float to pay for our massive debt, deficits
Recall the tax cut bill added $1.5 trillion debt.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:The AD at 10 ET, a bit early, but bear bias at that moment
NY advancing stocks = 0.49 x declining stocks
NY advancing volume = 0.51 x declining volume NY declining stocks = 2.0 x advancing stocks (now 3.0x)
NY declining volume = 1.9 x advancing volume (now 3.3x)
NY declining stocks = 5.1 x advancing stocks
NY declining volume = 5.0 x advancing volume
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
could be another rebound attempt here then we'll see. bulls need exceed the mini target before any hopes.
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