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We have 50-50 odds to close at either 269 or 270, lol
some dumbass headline on today: U.S. stocks extended losses on Thursday after a CNBC report said a meeting between President Donald Trump and Chinese President Xi Jinping was "highly unlikely" to take place by a key March deadline, set by the two countries for reaching a trade deal.
When did ever the meeting exist?
Yep. bullish divergence in some small time frames. I expect some consolidation afternoon, and bleeding continue tomorrow. Just my two cents.
Yeah, technically no damage to the upside so far. Need more down into afternoon. Otherwise, any possible news could erase all the loss in a sudden.
Bears finally got some steak today, but I think most of bears died before this drop started. lol.
Happened to watching Powell talking with economic teachers. He said the most important job as Fed Chair is learning to do public speech. lol. Of course.
Well, just saw the interview Yellen had on CNBC. She said Fed will cut rate if global growth slows down. LOL, that is the reason we are grinding today?
It seems VIX not gonna crack 15 today. think in the other way, buy every dip and follow the algo, it is a good way to make money. lol
Algo is on again. Will come back to check if VIX broke 15 at the end of day.
It seems algo is having lunch now? Bears need to defend VIX at 15. Today's close may be interesting.
OMG, it is not allowed to violate 272.5 now. Hmmm, some big news coming out soon? I heard Janet Yellen would have an interview sometime today, no idea if that is the reason
Grinding starts again. Looks like 272 is the floor we can get these days?
ES_F is at some key support 2723. which is also about yesterdays Regular trading hour low.
Yeah, maybe. They actually delayed two weeks. Most of them should be out last Wednesday actually..
VIX is not confirming the down move. But I kinda like it because the real big down move usually starts in this kinda situation. Lets see
IV suggests only a dollar move from now to end of day. It looks very low volatility day.
Another interesting thing, on investing.com, all the economic data marked with 3 stars are all delayed. They are the most important data like new building permits, GDP growth, retail sales. lol
Possible fake news for sure. 8:30 am has some important data out.
SOTU didn’t give out too much positive news IMO. Is Trump Kim meeting a positive one? Hmm, I doubt it could excite market much. What cracks me up is the news from Reuters around 11pm, right after Trump speech, it said:”Mnuchin will meet high level Chinese officials to talk about trade next week, sources from “people who are familiar to this”.” So basically, another potential China USA meeting from unknown sources. lol, you rock boys. I knew you had nothing to play after today’s SOTU. LMAO
thought we may have shot to 274, but it looks like SPY is a little exhausted
Just another excuse to move market, nothing more. We started mega selloff after the SOTU last year. Big deal?
I think market may start to drop soon because I am starting to turn bullish now. lol
Different stories, bro. As I said before, USA government doesn't have the right to print money since this nation was founded. Several Presidents tried to get the right to print money from bankers, but they were all killed.
Feels like we need to close the gap today. My timeline said low will be around 10:30. Is there a low on your timeline? lol
Vix is strong, but this usually reminds me that at the real top, VIX was insanely weak. Seems da boys are trying to lure more bears who bet on 200DMA.
Federal reserve prints money, department of Treasury prints treasury bonds. US government sells bonds to Federal reserve to get money. So technically Americans' biggest debtor is Federal reserve. But who is the boss of Federal reserve? Powell? Nope. Trump? Nope. It is the shadow banks behind Federal Reserve. The real president of USA is the system built by those bankers. They have deprived Americans and other countries for hundred of years. lol. Sorry about too much conspiracy. It is said the murder of Lincoln and Kennedy were all done by them.
It is not about the wall. It is about Trump's second term. Trump wants Americans to remember he is the guy who could realize all his campaign promises. And that is why Democrats will stop the wall in all efforts. It is about who can win 2020.
Alright, finally found some news which could explain today's quiet move. Trump met Powell today, along with Mnuchin. Well, it is unknown what they talked in detail, but surely about holding up the market for Trump's second term campaign. Hmmm, damn boys probably knew that on Sunday. In long term, for the sake of politics, we will probably rally into 2020? But does it have to rally every day? Come on, boys. From my system, sell signals still there, can the boys gap up huge to squeeze out every shorts like me today? lol
Why do you think we will rally into that? We dropped into that last year
Google down? lol
Hmmm, close at high of day? SPX 2723 or SPY 272.3 is my target. If tomorrow we don't gap far above it, I am still comfortable about it. I think GOOG will be down regardless of its ER today btw. Have a good night, everyone
Well, I think we may have a shot 272s, but got some puts for Friday regardless. Have to head out now. Will come back to check where we close today. Not sure what Da boys are waiting for. Some news? or just State of Union Address tomorrow?
don't see sellers today. The daily doji may be proven as a pause signal, not reversal signal. Really to need see where we will close today. VIX is creamed
Slowly grinding again. wow. Taking out the 271.1s during the lunch time? Or sliding into close from here? QQQ may have hit the top? Or it is just another consolidation.
Waiting to see how high Nasdaq can overhaul SPX to? nasdaq and rusell wants higher?
extremely low volume day so far. Hmmm, UVXY punished hard.
BTD? don't be silly. I said 271s could well be the top of the leg up from 233 on Friday
looks like shallow range churning so far.