DrStool Posted April 13, 2020 Author Report Share Posted April 13, 2020 I have a sore throat. This could be it. The big one. Thanks in advance, everyone. Link to comment Share on other sites More sharing options...
fxfox Posted April 13, 2020 Report Share Posted April 13, 2020 24 minutes ago, Jimi said: Right there. ES closed at 2768. Guess they gonna bomb it higher overnight. Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 13, 2020 Report Share Posted April 13, 2020 4 hours ago, fxfox said: Amazin dot bomb keeps the whole market from falling apart. It will be the last man standing. Why? Because Bezos is a Wall Street buddy. It is as easy as that. The S&P 500 is basically 50-100 companies (maybe less) that matter. could be less in the future....... >: Will be less with the help of the FED and friends....... Link to comment Share on other sites More sharing options...
DrStool Posted April 13, 2020 Author Report Share Posted April 13, 2020 Right to the top of the downtrend channel in the afterbirth. Link to comment Share on other sites More sharing options...
DrStool Posted April 13, 2020 Author Report Share Posted April 13, 2020 market. Link to comment Share on other sites More sharing options...
fxfox Posted April 13, 2020 Report Share Posted April 13, 2020 47 minutes ago, Jimi said: Confidence is funny. All the boolish stuff is because of the Fed & fiscal effort, and related confidence that those two forces will overwhelm the economic/financial consequences of pandemic. So, POS rallies and 1%ers are made ever-more-whole. Okay... but it's been $6 trillion or something to get us here. What if they're not omnipotent, and prices start to slide. If the confidence game is thereby surrendered, what is left? Imagine a situation where fed & fiscal intervention actually begins to engender diminished confidence. It could happen - for example, in a herd-panic out of dollar assets. Not saying it's going to. But just need to mount the counter-narrative to what has become prevailing wisdom that the lows are behind us, that you can't fight the Fed, and that central authorities can backstop anything. Anything. They can't. That's Truth with a capital "T." I think the global impact is just so big and the magnitude of the consequences for the real economy on a global scale is so huge that it is not really controlable. if there wouldn‘t be the election this year we would be already much lower. Wall Street wants Trump. That‘s the problem. Thry will do anything possible to keep this thing up. New all time highs would be a bit too much, but around 2800 or so would be a level which Trump can sell to the public. Link to comment Share on other sites More sharing options...
fxfox Posted April 13, 2020 Report Share Posted April 13, 2020 54 minutes ago, DrStool said: I have a sore throat. This could be it. The big one. Thanks in advance, everyone. Get well soon Doc! ✊🏻 Link to comment Share on other sites More sharing options...
fxfox Posted April 13, 2020 Report Share Posted April 13, 2020 New York Fed says it will reduce frequency of repo operations https://www.google.de/amp/s/mobile.reuters.com/article/amp/idUSL2N2C11DE Link to comment Share on other sites More sharing options...
T_Slim Posted April 13, 2020 Report Share Posted April 13, 2020 1 hour ago, DrStool said: I have a sore throat. This could be it. The big one. Thanks in advance, everyone. Get well Doc. And stay safe over there. Link to comment Share on other sites More sharing options...
T_Slim Posted April 13, 2020 Report Share Posted April 13, 2020 5 minutes ago, fxfox said: New York Fed says it will reduce frequency of repo operations https://www.google.de/amp/s/mobile.reuters.com/article/amp/idUSL2N2C11DE These guys/gals are nuts aren't they? Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 13, 2020 Report Share Posted April 13, 2020 And BUY the end of the day (and counting)......... NOTHING ERASED.......... There is no market, only Fraud/Crime/Covid-1984............. Link to comment Share on other sites More sharing options...
fxfox Posted April 14, 2020 Report Share Posted April 14, 2020 ES 2813 right now, NDX 8485. That was it for the bear case. It is over. Market is much too strong. They buy the FANG‘s and friends like Tesla hand over fist and that punps the whole ship up. Every time one thinks this thing fizzles out another up leg comes. As I said the other day, when the 38 fibo acts as res and then price pushes thru the 50 fibo will not stop it. That‘s what we see right now. The last hope for the bears - the 1929/30 bear analogy - is therefore destroyed. Price didn‘t go above the 50 fibo in 1929. The last major attack of bears was last Tuesday. Once that got erased, that was the final sign that the bear has no chance. I thought, and at the core of my heart still think, that this whole thing is too big, that it gets out of hand and that it is uncontrolable. But that doesn‘t seem to be the case. This is not your grandpa‘s stock market anymore. Today there is immediately a concerted action by all major central banks, FED, ECB, BoJ, PBoC. The reaction time is much shorter than in the decades before. Since 2008/09 the market behaves differently. Many trading models which worked till then stopped working. Maybe we underestimate the role which indexing plays. The impact of that could be far bigger than most think. No wonder that the FANG‘s never really cracked during this downmove, One thing is clear: As long as the FANG don‘t crack to the downside there will be no prolonged bear market. Link to comment Share on other sites More sharing options...
fxfox Posted April 14, 2020 Report Share Posted April 14, 2020 DAX stops trading amid technical problem on Xetra https://www.teletrader.com/dax-stops-trading-amid-technical-problem-on-xetra/news/details/51844129?ts=1586851562510 that happened in 2008/09 too if I remember correctly. Link to comment Share on other sites More sharing options...
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