potatohead Posted September 4, 2020 Report Share Posted September 4, 2020 44 minutes ago, DrStool said: If this break sticks, I'll be shocked. I did not see sufficient technical warning for a major reversal. This is the sick humor of the market......Can not even let a bear enjoy the moment....... Link to comment Share on other sites More sharing options...
Hobbiewood Posted September 4, 2020 Report Share Posted September 4, 2020 Crude Earl looks like its ready to let go. Link to comment Share on other sites More sharing options...
SiP Posted September 4, 2020 Report Share Posted September 4, 2020 3380 - perfect stop on weekly Link to comment Share on other sites More sharing options...
jp6 Posted September 4, 2020 Report Share Posted September 4, 2020 15 minutes ago, potatohead said: This is the sick humor of the market......Can not even let a bear enjoy the moment....... Most believe that Fed is there to pump the market up. Most have it wrong, fully loaded if the market keep selling off. Which means there is no cash available to buy the dip. Charts looking better each day. Another March type selloff or worse? Link to comment Share on other sites More sharing options...
Hobbiewood Posted September 4, 2020 Report Share Posted September 4, 2020 7 minutes ago, SiP said: 3380 - perfect stop on weekly Maybe, I see schport more in the 3230-3250 area on that chart. Link to comment Share on other sites More sharing options...
jp6 Posted September 4, 2020 Report Share Posted September 4, 2020 SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally Japanese conglomerate has been snapping up options in huge amounts over past month https://www.ft.com/content/75587aa6-1f1f-4e9d-b334-3ff866753fa2 Link to comment Share on other sites More sharing options...
PullMyFinger Posted September 4, 2020 Report Share Posted September 4, 2020 Today's fun fact I was just reminded of: 1929 Dow high was on Sept 3. Have a great long weak end, everyone. Keep 'em down! Link to comment Share on other sites More sharing options...
fxfox Posted September 4, 2020 Report Share Posted September 4, 2020 I would NOT be surprised one single iota if they gonna print a bullish hammer on the daily Link to comment Share on other sites More sharing options...
DrStool Posted September 4, 2020 Author Report Share Posted September 4, 2020 2 hours ago, jp6 said: Most believe that Fed is there to pump the market up. Most have it wrong, fully loaded if the market keep selling off. Which means there is no cash available to buy the dip. Charts looking better each day. Another March type selloff or worse? See, that's wrong because the Fed is pumping $200 billion a month into the markets. So there's always fresh cash. That's a source. The US Treasury is a use. And it's using a lot, but the facts show that the Fed has been absorbing funding most of that, and it has been enough to leave some extra for the dealers and specs to do their thing. That's not to say the market can't break. Dealers and traders decide what to do with that cash every moment, and one day they can decide to use it to pay off debt and never look back. When that day comes, it's over. Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted September 4, 2020 Report Share Posted September 4, 2020 It's a holiday weekend, after all. Link to comment Share on other sites More sharing options...
DrStool Posted September 4, 2020 Author Report Share Posted September 4, 2020 I've gotten a respite in the EUR/USD. Not much, but it's better than the direction it had been going. I experienced 12% inflation since March. Link to comment Share on other sites More sharing options...
DrStool Posted September 4, 2020 Author Report Share Posted September 4, 2020 Normally it's strong going into labor day. Link to comment Share on other sites More sharing options...
fxfox Posted September 4, 2020 Report Share Posted September 4, 2020 7 minutes ago, DrStool said: See, that's wrong because the Fed is pumping $200 billion a month into the markets. So there's always fresh cash. That's a source. The US Treasury is a use. And it's using a lot, but the facts show that the Fed has been absorbing funding most of that, and it has been enough to leave some extra for the dealers and specs to do their thing. That's not to say the market can't break. Dealers and traders decide what to do with that cash every moment, and one day they can decide to use it to pay off debt and never look back. When that day comes, it's over. With basically zero interest WORLDWIDE they will bot pay back debt. There is no place to hide. There is no real carry trade like we had in decades before. Every HNWI wealth manager must be in stocks nowadays and the stock exposure has to be much larger then it used to be decades ago. Bears dream about a 2000 to 2003 redux. That will not happen. Not in the near future. Link to comment Share on other sites More sharing options...
DrStool Posted September 4, 2020 Author Report Share Posted September 4, 2020 Trust me when I say in all seriosity that if this thing closes at or above 3390 on the ES, it is bullish. Very bullish. Even 3365-75 wouuld be. 3400+ and they'll run this thing to the moon. Link to comment Share on other sites More sharing options...
DrStool Posted September 4, 2020 Author Report Share Posted September 4, 2020 Never say never. If they lose control of the bond market they'll have to sell whatever isn't nailed down. Link to comment Share on other sites More sharing options...
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