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aussiebear

World Stock Markets Trading Discussion - Layered launch

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Yeah, Trump is gaming the market. 

I reported last month that average weekly earnings in the jobs report were running 3% ON AVERAGE, up over 5% in September. Not sure why this month would be a surprise. 

2 day cycle projection 2768.  5 day 2775-80. 

 

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When the jobs data is benchmarked to the tax data in February, there will be a massive downward revision. I'm just now running the Federal revenues update for October, and there  is no way that this number is correct.Withholding is extremely weak. They've been  overstating the gains all year. 

 

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Fuckers took out all the shortstops at 2750. Now they're gonna ram it down.  That's baseball, I guess.

 

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I always say, mental stops only.  And only near the close when break is obvious.

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The breakout line was 2741. If they hold above that, the uptrend would remain intact. 

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All major indexes crossing up on the MACD. JNK, HYB and BKLN also trading up so far. Small caps holding up. All bullish yet the whole thing is sagging. Maybe we visit 2703ish one more time and then jamb up into next week? Dunno.

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Trump gamed the market with  that overnight tweet about a China trade deal.  Now we'll see who the big shot is. 

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12 minutes ago, sandy beach said:

All major indexes crossing up on the MACD. JNK, HYB and BKLN also trading up so far. Small caps holding up. All bullish yet the whole thing is sagging. Maybe we visit 2703ish one more time and then jamb up into next week? Dunno.

Market crashes happen when "obvious" bottoms fail.  I agree about these indicators. I showed it in last weekend's WSE market update. Time was right and everything. But the crash possibility is as great as I've ever seen.  If they took out 2600, the drop would be breathtaking. 

 

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Trendline at 2730 has been the axis of  the swings since Tuesday.

 

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It does not take long. 

 

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Mnuchin says SWIFT is subject to sanctions if it clears Iranian transactions.

Buy American.

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Initial 2 day cycle projection 2718. But no support until 2706. 

 

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