11/28/2018 Live Update

[Al_Dente]

So does that mean that 2700 is the pink powell put ???

[BullBear52x]

I am back, what is going on? I am looking to sell this rip

To me this is just another hourly sell the rip, nothing more than a trend following. IF this sell failed, the last Daily sell will be challenged. for now this is the level to watch. Keep it simple.

[daytradingES]

"In a quite notable reversal of his rhetoric from a month ago, Fed Chair Powell seems to have abandoned his hawkish "long way" from neutral messaging, noting in his speech today that The Fed is "just below" the neutral range."

So in 4 weeks
1. Powell we are long way from neutral with rates
2. Trump - you are raising too fast
3. Powell we are just below neutral with rates

So it seems all the Fed comments are total BS re rates and economy.
Seems it is all
"just talk it up we can't let this Ponzi scheme collapse."

ie the market is a bubble but we can't say it.
"We see no major asset class, however, where valuations appear far in excess of standard benchmarks""
-Poohwell



source:
https://www.zerohedge.com/news/2018-11- ... ral-stance

[Al_Dente]

Powell is trending
that's rare

[MrMiyagi]

MrMiyagi - did you see this about Baby Janet??

CNBC source -
"Trump might have renominated Yellen for Fed chair if she wasn't so... short, report says"

I believe it, he's mentally unbalanced.

[BullBear52x]

Counter trend setup, sell 2x top. dip will be bought tho.

[Al_Dente]

Kneupper TICK is overbought
(Been there, done that, bought the T-shirt)

[Al_Dente]

Caveat: Rob Hanna published this BEFORE POWELL
http://quantifiableedges.com/when-spx-c ... d-breadth/

[K447]

Caveat: Rob Hanna published this BEFORE POWELL
http://quantifiableedges.com/when-spx-c ... d-breadth/

There can be a lot of power when things 'unexpectedly' go the other way.

Failed moves (either real or strongly anticpated price action) in one direction can beget strong moves in the other direction.

[Trades with cats]

If you like today's action just wait until Monday, with the big sideline meetings over the weekend. And it is in the Americas so we may know what is going on before the major markets open.

[Al_Dente]

ONE MONTH %
PKW (dashed purple) is the “BUYBACK” ETF (holds shares of companies that have consistently bought back their own shares).
See: Buyback stocks outperformed SPY (solid purple).
Jeffries says the buybacks put a floor under the market (they use a Bloomberg Buyback index. I use PKW).

Am surprised that TRAN (brown) is best this month…. in this narrow “sector” view...

[Al_Dente]

So does that mean that 2700 is the pink powell put ???

1128powell put.png.png

CNBC is now talking about "The Powell Put"

[Al_Dente]

Caveat: Rob Hanna published this BEFORE POWELL
http://quantifiableedges.com/when-spx-c ... d-breadth/

There can be a lot of power when things 'unexpectedly' go the other way.
Failed moves (either real or strongly anticpated price action) in one direction can beget strong moves in the other direction.

[BullBear52x]

When every thing is so overbot, they will feed the scalpers. I only need 10 handles/day

[Al_Dente]

"Powell blinked"
[Rosenberg, aka Rosie]

[Pagat]

Caveat: Rob Hanna published this BEFORE POWELL
http://quantifiableedges.com/when-spx-c ... d-breadth/

2002 & 2008 are years where the bear market was
it does not count in my opinion

[Cobra]

the pullback this time may touch ema20 where it likely would be bought.

[Al_Dente]

Caveat: Rob Hanna published this BEFORE POWELL
http://quantifiableedges.com/when-spx-c ... d-breadth/

2002 & 2008 are years where the bear market was
it does not count in my opinion

[Cobra]

members only update at 2:33 pm
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[Al_Dente]

HAPPY HOUR