Nothing really changed..We had an external shock which has
limited impacts on US Business interests..Does it raise
uncertainty? Yes. If you go back the past 2years, every gap
down at open was bought (tradwar/Brexit/Fill in the blank) the
trade has always been higher from open. Now if you short it at the
close, after the recovery bounce, the success is higher on the
short side.
ISM skewed... Includes BA 737 manufacturing & GM
strike...plus China deal benefits price in 2020..I think mrkt run
is beyond stretched, but I think its still too soon... You dont get
a major selloff with positive monthly macd's on the indexes..
Russell just crossed positive in Jan 1
Agreed, Any pause will be temporary..Historically Year 4 of the
1st term is positive through the first 9mths of the year. The next
presidential term will inherit all the problems imho.
Nothing really changed..We had an
PPT team was buying hard at the open. Yesterdays ...
Posted by jdaswani on 3rd of Jan 2020 at 12:09 pm
Nothing really changed..We had an external shock which has limited impacts on US Business interests..Does it raise uncertainty? Yes. If you go back the past 2years, every gap down at open was bought (tradwar/Brexit/Fill in the blank) the trade has always been higher from open. Now if you short it at the close, after the recovery bounce, the success is higher on the short side.
No one is talking about
Posted by ssaffer on 3rd of Jan 2020 at 12:14 pm
No one is talking about the crappy ISM and Auto sales down today.
we are well aware, otherwise
Posted by matt on 3rd of Jan 2020 at 01:46 pm
we are well aware, otherwise following price action and triggers as our guides. Obviously I'll review on weekend everything
ISM skewed... Includes BA 737
Posted by jdaswani on 3rd of Jan 2020 at 12:23 pm
ISM skewed... Includes BA 737 manufacturing & GM strike...plus China deal benefits price in 2020..I think mrkt run is beyond stretched, but I think its still too soon... You dont get a major selloff with positive monthly macd's on the indexes.. Russell just crossed positive in Jan 1
I believe the markets will
Posted by ssaffer on 3rd of Jan 2020 at 01:07 pm
I believe the markets will go higher after this pullback. As long as interest rates remain low.
Agreed, Any pause will be
Posted by jdaswani on 3rd of Jan 2020 at 01:13 pm
Agreed, Any pause will be temporary..Historically Year 4 of the 1st term is positive through the first 9mths of the year. The next presidential term will inherit all the problems imho.
Bingo.
Posted by ssaffer on 3rd of Jan 2020 at 12:12 pm
Bingo.