If you haven't been paying attention, global macro data has been HORRIBLE for months now. Bonds and gold have been signaling a massive recession coming.
KOSPI, SHCOMP, DAX all crashing. Caterpillar (CAT) now breaking down.
It's something of a miracle that the S&P and US stocks have survived this long.
Well, if IWM breaks this huge H&S down, look out below. Actually, I don't expect a crash to go too far. I think Powell will suddenly pivot 50bps cut and start QE. The best pivot then will be Gold and possibly foreign stocks.
KOSPI, SHCOMP, DAX all crashing. Caterpillar (CAT) now breaking down.
It's something of a miracle that the S&P and US stocks have survived this long.
Well, if IWM breaks this huge H&S down, look out below. Actually, I don't expect a crash to go too far. I think Powell will suddenly pivot 50bps cut and start QE. The best pivot then will be Gold and possibly foreign stocks.
Trade active:
I entered a small put spread on today's low volume bounce. Risk is small.
There was a selloff into the close that works for my position. However, anything can happen this week with FOMC minutes and the like.
The further this story drags on, the more I feel like they can simply set prices to anything they want. In a world of QE, negative rates, pretend-money, stock price declines are a choice. See the BOJ and how they basically own the ETF market.
Fortunately for the shorts, I think Fed needs a market crash of some degree to justify hitting the QE button. We'll see if / how much they allow stocks to trade on fundamentals.
There was a selloff into the close that works for my position. However, anything can happen this week with FOMC minutes and the like.
The further this story drags on, the more I feel like they can simply set prices to anything they want. In a world of QE, negative rates, pretend-money, stock price declines are a choice. See the BOJ and how they basically own the ETF market.
Fortunately for the shorts, I think Fed needs a market crash of some degree to justify hitting the QE button. We'll see if / how much they allow stocks to trade on fundamentals.
Trade active:
This week's bounce was indeed the time to get in.
Now, it's accelerating to the downside again.
If 145 breaks, there is no support until December lows.
Now, it's accelerating to the downside again.
If 145 breaks, there is no support until December lows.
This is weak, very ugly action. Markets are poised on the edge of a massive cliff. Trump seems to have expended all his possible tweets.