Posted by fibbtrader on 4th of Oct 2019 at 04:34 pm
You are correct. There was huge disconnect in the market and my
guess is todays move was just a dead cat bounce. Bonds rallied,
yieds dropped, yet xlf and kbe traded up. Oil went down after
initial pop, yet XOM closed up. Summation index was -1311
compared to yesterdays -1265. With the move today, I would
have expected Summation Index to have turned more positive. I
would expect us to probably retest the lows we made last week and
probably test SPX 200DMA.
Posted by fibbtrader on 4th of Oct 2019 at 05:33 pm
Also notice Transports to Dow jones All indicies are just 2 or
3% from all time highs but ITR trading close to Aug lows. Markets
are very good at sucking people into it at the extremes. Make
people buy at the top and short in the hole.
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Question to the group. I
Posted by ssaffer on 4th of Oct 2019 at 04:14 pm
Question to the group. I am little puzzled in the fact that etf "TLT" was up 0.71% today with the markets up 1.42% today.
Bonds have been strong. They
Posted by steverobin on 4th of Oct 2019 at 08:27 pm
Bonds have been strong. They don,t always track inversely
Fed said to extend their
Posted by highroller on 4th of Oct 2019 at 08:22 pm
Fed said to extend their 75 billion/day repurchase program till Nov 01 and probably beyond. QE forever.....
https://news.yahoo.com/ny-fed-extend-operations-pump-money-markets-nov-181502121.html
This link is the source
Posted by cape_rover on 6th of Oct 2019 at 07:38 pm
This link is the source of the announcement:
https://www.newyorkfed.org/markets/opolicy/operating_policy_191004
$75 billion/day for a month would be over $2 Trillion dollars. I believe the notice says an *aggregate* amount of at least $75 billion over the month
That makes sense. scary- that
Posted by ssaffer on 4th of Oct 2019 at 10:31 pm
That makes sense. scary- that that much money has to be injected each day to have enough liquidity for the banks.
You are correct. There was
Posted by fibbtrader on 4th of Oct 2019 at 04:34 pm
You are correct. There was huge disconnect in the market and my guess is todays move was just a dead cat bounce. Bonds rallied, yieds dropped, yet xlf and kbe traded up. Oil went down after initial pop, yet XOM closed up. Summation index was -1311 compared to yesterdays -1265. With the move today, I would have expected Summation Index to have turned more positive. I would expect us to probably retest the lows we made last week and probably test SPX 200DMA.
Also notice Transports to Dow
Posted by fibbtrader on 4th of Oct 2019 at 05:33 pm
Also notice Transports to Dow jones All indicies are just 2 or 3% from all time highs but ITR trading close to Aug lows. Markets are very good at sucking people into it at the extremes. Make people buy at the top and short in the hole.