Comments on: Market Internals Continue to Deteriorate

By: wilhud

wilhud — Thu, 11 Jun 2020 07:05:23 +0000

In reply to becky. He said no rates hike before 2022 basically, removing near term catalyst for strengthening dollar. Bonds are offering little in the way of interest, so you may as well go for capital appreciation in gold.

By: Imadaytr8r

Imadaytr8r — Thu, 11 Jun 2020 03:41:09 +0000

In reply to Action_Jackson. It has seemed bad since May 1st :’-(

By: Action_Jackson

Action_Jackson — Wed, 10 Jun 2020 23:34:43 +0000

In reply to 4711. I think this is for sure a possibility but the risk reward for going long now seems bad.

By: 4711

4711 — Wed, 10 Jun 2020 22:55:23 +0000

spy still on the way?

By: 4711

4711 — Wed, 10 Jun 2020 22:51:51 +0000

the spy might still be in the second part of the leg up.

By: 4711

4711 — Wed, 10 Jun 2020 22:27:22 +0000

dont forget window dressing. breakout in msft. apple =nice, and a lot of other candidates for those who urgently need to show that they did not miss the rallye (allthough most of them did :-) )

By: Chipaka

Chipaka — Wed, 10 Jun 2020 21:07:28 +0000

In reply to becky. that maybe due to fact that fed is committed to printing $$$ which inturn weakens USD

By: becky

becky — Wed, 10 Jun 2020 20:14:01 +0000

Whatever Jpow promised. Metals went nuts.

By: Action_Jackson

Action_Jackson — Wed, 10 Jun 2020 18:46:20 +0000

In reply to Imadaytr8r. He basically didn't say anything new. No surprises. The markets rallied and the dollar fell.

By: Imadaytr8r

Imadaytr8r — Wed, 10 Jun 2020 17:52:42 +0000

In reply to Action_Jackson. Ummmm, I would say that is clearly a bullish trend! Powell most likely will pull a Trillion Dollar rabbit out of his hat for sure ... providing more meth to this market clearly addicted to stimulus and not analysis, fundamentals, or reality!

By: Action_Jackson

Action_Jackson — Wed, 10 Jun 2020 17:40:11 +0000

This is something to be on the lookout for. However I read that the monkey trials showed antibodies but didn’t protect them. It only showed a small increase in protection. Somehow I think no matter what the results are they will put a spin on it and the market will jump 2%.

“The University of Oxford team leading the race to secure a coronavirus vaccine say it expects to get the first indication of whether its vaccine works on humans in mid-June.”

By: mSquare

mSquare — Wed, 10 Jun 2020 17:31:49 +0000

I would base if bearish or not on reaction in these indexes after the Fed and where we close. Past 6 weeks it has been relentless upwards of everything and I will believe in a bearish projection after I actually see it for more than a day or two of red !

By: Action_Jackson

Action_Jackson — Wed, 10 Jun 2020 17:29:56 +0000

In reply to TJS. It seems like every time the markets are at a critical turning point the FED jumps in and pumps it up. Its either that or vaccine news.

By: jwconk

jwconk — Wed, 10 Jun 2020 17:29:04 +0000

And there is 2:30pm… the market should move in consequence to whatever Jerome says… Maybe he gives the “more juice is coming signal” and they push for one more leg up…

By: FooHawk

FooHawk — Wed, 10 Jun 2020 17:24:44 +0000

In reply to TJS. Wish the Fed could print vaccines. This is wobbly house of cards.

By: TJS

TJS — Wed, 10 Jun 2020 17:09:16 +0000

With the FED announcement today, it may be internally digesting and evaluating.

By: rsotc

rsotc — Wed, 10 Jun 2020 17:09:16 +0000

Further evidence of the impact of the tech sector (the largest weighted sector within the S&P 500) on the broad market is the fact that the equal-weighted S&P 500 (shown here) is -1.70% today vs. a drop of only -0.18% on the tech-heavy S&P 500.