10/08/2019 Live Update

[tsf]

https://www.cnbc.com/2019/10/08/china-s ... tions.html

Chinese Ministry of Commerce said Tuesday it “strongly urges” the U.S. to stay clear from the country’s domestic issue, after the White House blacklisted a slew of Chinese companies due to alleged human rights violations against Muslim minorities in China’s far-western region of Xinjiang.

“We strongly urge the U.S. to immediately stop making irresponsible remarks on the issue of Xinjiang, stop interfering with the wrong actions of China’s internal affairs, and remove relevant Chinese entities from the list of entities as soon as possible,” a spokesperson from the Ministry of Commerce said on Tuesday in a statement.

“China will also take all necessary measures to resolutely safeguard China’s own interests,” the spokesperson said.
The comment came after the tensions between the U.S. and China rose ahead of the highly-anticipated trade talks this week. The U.S. banned 28 Chinese companies from doing business with American companies without being granted a U.S. government license due to human rights issues.

Markets were bracing for a stiff retaliation as Chinese Foreign Ministry spokesman Geng Shuang said earlier Tuesday “stay tuned” for China to fight back. Reports from China also said Chinese delegation may cut short their planned stay in Washington and depart on Friday, dimming hopes for a trade deal.

[Al_Dente]

$NYDEC:$NYADV = 3.0x (down from 4.5> at open, weaker at the moment but still bear bias)
$NYDNV:$NYUPV = 3.5x (high was 4.5> at 1100ET, weaker at the moment but still bear bias)

oh, well
2.1x
2.3x

[Cobra]

the pullback probably will be bought, the low might be in, too bad, I couldn't be sure earlier.

[Al_Dente]

Something just happened, and it's almost
HAPPY HOUR

[QED]

"... stop interfering with the wrong actions of China’s internal affairs ..."

Very interesting choice of words.

.

[MrMiyagi]

Something just happened, and it's almost
HAPPY HOUR

US ANNOUNCED VISA RESTRICTIONS TO CHINESE COMMUNIST PARTY OFFICIALS

(aren't they ALL communists in theory?)

[MrMiyagi]

**Trump imposes visa bans on Chinese officials linked to the mass detention of Muslims in Xinjiang province


But it's OK to hold Mexican kids in detention centers (he didn't say that but definitely thought about it)

[Al_Dente]

Also, Powell is talking bs now

[JFR]

Testing the base. Ups and downs. Spikes. About as crazy as Brexit and U.S. politics.

Keeping it to scalps, minute by minute, on ES today.

[Al_Dente]

Powell:
FED to buy new securities
Contemplating buying T-Bills
“FED balance sheet growth is not QE”
“THIS IS NOT QE”
FEDs treasury purchases shouldn’t affect monetary policy
Risks to his rosy outlook is weak global growth, trade wars,
Recent job gains may be revised lower
Will consider Yield Curve Control
“THIS IS NOT QE”

HE IS STILL YAPPING THE BS
BETTER WATCH:
http://watchnewslive.tv/watch-cnbc-live ... free-24-7/

[MrMiyagi]

Also, Powell is talking bs now

Powell finished already? He said they would start a QE sometime, without giving a date or amounts. Also he said it won't be called QE this time.

[Cobra]

well, guess I couldn't be sure anytime whether the low was in or not.

[Cobra]

members only update at 3:47 pm
http://www.cobrasmarketview.com/2019/10 ... ay-update/

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2019/10 ... ay-update/

[Cobra]

well, guess that's it for today. here's what Wednesday looks like: https://stockcharts.com/public/1684859/ ... /533449381

thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381