Guess the day the DOW hits 29,000 ???

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That was a big HIT yesterday ugh

what a setback

[FONT=&quot][COLOR=rgba(0, 0, 0, 0.870588)]25,502.32 −460.19 (1.77%)<svg version="1.1" viewBox="0 0 12 12" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
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[COLOR=rgba(0, 0, 0, 0.619608)]Mar 22, 4:49 PM EDT · <g-link class="CVIh4c" style="color: rgba(0, 0, 0, 0.619608);">[COLOR=rgba(0, 0, 0, 0.619608)]Disclaimer[/COLOR]</g-link>[/COLOR]
 

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Boom

[FONT=&quot][COLOR=rgba(0, 0, 0, 0.870588)]26,126.88[/FONT][/COLOR][FONT=&quot] [/FONT][FONT=&quot]+198.20 (0.76%)[/FONT]
 

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been a REMARKABLE nearly V-shaped recovery since a 20% beat down in late 2018. Was very very critical Powel step in early Jan to calm the market , as emotions had clearly taken over, investors selling into a storm; full blown panic, lol. A 20% haircut from its highs largely on trade tensions and an overly hawkish Fed (perhaps a delusional Fed ...:)......)

will the SPY's performance in 2019 mirror 2017? 2017 was an outlier. NOT ONE 5% pullback. Crazy. So far, this has been the case for 2019...we enter May.


SPY

3 yr daily


big.chart



not a bad recovery, eh?



SPY

2 yr weekly


big.chart



increased volume last week, i believe she forms a higher high and high low YET AGAIN next week...

15 green candles for 2019 so far, lol......

what can add further fuel? USA/China trade deal closure (going to happen,........ might be priced in dunno).....infrastructure spending-spree bill (think this happens as well, the fiscal conservative red guys in Washington have been neutered , STICK A FORK in them). NO WAY Mr Trump wants another market beatdown especially close to election time. Throw everything and the kitchen sink to keep the SPY humming
 

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made some killer moves in december...wont last forever but sitting very pretty at the moment
 
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Hating on trump is like hating on me at the rx...

no one has a true reason but just put “ racist” as the reason and 100 people will jump on board no matter of you have backed up your stances it not..

vince young will be headed to tie HOF any day now
 

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You are literally so bored that you are just tying Trump and racism into random threads now? On a Saturday no less? Jesus dude, get a hobby
 

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https://finance.yahoo.com/news/trum...praising-chinas-great-stimulus-180933300.html

Trump calls on the Fed to cut rates while praising China's 'great' stimulus

President Donald Trump launched a new broadside against the Federal Reserve’s monetary policy on Tuesday, calling for an interest rate cut that would send U.S. growth “up like a rocket” while praising China’s economic policy.In a series of posts on Twitter, the president once again blasted the Fed’s tightening campaign, which has been on pause since December, while lauding the monetary and economic stimulus China has pumped into its economy.

Trump vs the Fed

Trump has been engaged in an unrelenting war of words against the Fed, insisting that the central bank’s tightening campaign last year has pumped the brakes unnecessarily on growth. With the Fed on hold, stocks have hit new records and fears of a sharp slowdown have receded.The president’s attacks—amplified by White House economic advisor Larry Kudlow— have put him at odds with Fed chair Jerome Powell, the man he elevated to the top central banking post.The divergence in views between the two men has recently prompted Trump to hand-pick Fed nominees more in line with his views — a strategy that’s produced questionable results with Herman Cain’s withdrawal, and Stephen Moore’s nomination on the rocks.“Looking at some of the indicators — I mean the economy looks fundamentally quite healthy, we just don’t want” the prospect of slower growth that comes with higher interest rates, Kudlow told CNBC in March.Saying the Fed should cut rates “immediately,” Kudlow added that “there’s no inflation out there, so I think the Fed’s actions were probably overdone.”The economy expanded at a surprisingly brisk pace of 3.2% in the first quarter, government data showed last week, while job creation has remained strong and inflation below the Fed’s target of 2%.However, troubles in China and Europe have raised fears of a global slowdown — which could spell trouble for Trump’s reelection efforts next year if it takes hold in the U.S.Meanwhile, a small minority on Wall Street believe the Fed could lay the foundation for an “insurance cut” to interest rates, in order to ward off a slowdown. After last year’s rate hikes, the Fed finds itself with more room to maneuver than its counterparts in other major economies, which are still in crisis mode with monetary policy.Modest price pressures have generated “a view in markets that the Fed is coming up short on its inflation mandate and that rate cuts are imminent,” said Justin Weidner, an economist at Deutsche Bank.“The Fed’s rhetoric about the inflation data will be very important to watch going forward, especially in the May [Fed Open Market Committee] meeting statement and in Chair Powell's subsequent press conference,” he added.In January, China unveiled a series of measures designed to boost growth, while blunting the effects of a wide ranging trade dispute with the U.S.The world’s second-largest economy has moved to cut taxes and ramp up government spending — a supply side policy prescription that’s come in for some criticism from economists.While the stimulus is set to ease the burdens on some businesses and lift the economy from the bottom, economists have questioned China’s use of policies that do little to promote structural reform.“I think really this is a time where China needs to be thinking about increasing taxes. The right kinds of tax structures, environmental taxes, land taxes, capital gains taxes are taxes that actually can help restructure the economy for the 21st century,” Nobel prize-winning economist Joseph Stiglitz said in March

.
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The author includes Trumps April 30th tweets in the article , link above

I believe, currently, a rate DECREASE is listed as a slight fav for Dec
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the same juvenile nonsense that help ignite a market meltdown may have just re-started, :)…….market futures ugly at the market

[FONT=Verdana,Tahoma,Arial,Calibri,Geneva,sans-serif]https://www.msn.com/en-ca/news/world/trump-to-raise-tariffs-on-chinese-goods/ar-AAAW6Op?ocid=spartanntp[/FONT]


Donald Trump has said he will raise tariffs on $200bn in Chinese goods this week, because talks on a US-China trade deal are moving "too slowly". The US president tweeted that tariffs of 10% would rise to 25% on Friday, saying: "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!" Some $325bn of untaxed goods will also face 25% duties "shortly", he said. It follows signals from Washington that a US-China trade deal was imminent. https://twitter.com/realDonaldTrump/status/1125069835044573186The move dramatically increases the pressure on China, after Mr Trump previously delayed the tariff increases earlier in the year, citing progress in talks.Trade trade talks are due to resume this week, with Chinese Vice Premier Liu He due to travel to Washington.
 

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he wants the deal done with China, and rather stupidly yesterday hit twitter to YET AGAIN try to intimidate/threaten China. CLEARLY this tactic did not work last Nov/Dec @):mad:


China, in anticipation of slower growth/trade issues with USA recently slashed taxes AND increased spending (sound familiar :)...). China cannot be bullied and it appears may walk away from a planned visit to USA this week which WAS to continue trade talks and possibly finalize the deal

Dow futures drop nearly 500 points as China considers skipping trade talks after Trump threat



The Wall Street Journal reported that China is considering cancelling its trade talks with the U.S. this week in light of Trump’s latest threats. Citing a source, the Journal said Beijing had been surprised by the new threats.
Two sources briefed on talks confirmed that news to CNBC. The Chinese may back out of negotiations this week after Trump’s escalated tariff threat, they said, abandoning a six-month truce after Beijing waffled on some previously discussed commitments.



One source said Chinese Vice Premier Liu He will likely cancel the trip he’d planned for himself and a 100-person delegation for a final round of talks that U.S. officials had previously said could yield a deal by Friday. Chinese officials cancelled a trip in late September 2018 in similar circumstances.
A second source said Trump’s decision to more than double the tariff rate on $200 billion of goods was meant to send a message to Liu not to come to the U.S. with more “empty offers.”
 

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Chinese confirmed they are coming with a smaller delegation. Rocket ship right now, great great candles forming on xlv , xle, the day is young
 

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crazy crazy headline-driven market we are in. WH just came out and said the Chinese are comign and want to make a deal, and the market spiked, lol. Incredible volatility; 10:55am candle on the 5min was a wild spike. VIX has not formed a higher high......

2935 on the spy and its green light , important the SPY does not form a lower low. Don't think it will until info from meetings occur, jmo
 

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spy e-mini's are now below the low of Tuesday's candle AND below the 50 SMA. A close below the 50 SMA would NOT be good. Clearly, the market is not opportunistic of China/USA situation. A major gap down to start the day. Basically , a binary event- deal, and market moves up. No deal and new tariffs? markets may roll over further, may test the 200 SMA. China has stated it will retaliate if new tariffs are a go and Trump doesnt back down. This could get real ugly, market wise, as we saw in Nov/Dec, BUT as of now, everything is orderly .As of now this is a 3% pullback from last Friday's close.

of course NO ONE wins in a trade war. Any massive tariffs are eatin by the CONSUMER. Its inflationary

today should be a wild wild day...:)
 

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