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Pasig evan  01:52:42 GMT - 05/21/2020  

OTHER
Entry: Target: Stop:
The DJIA 24,764 is based on spot while the levels mentioned for S&P and NQM are futures. A move above 24,764 negates that idea and suggests higher equity prices into late June, fyi.


london red  07:11:07 GMT - 05/20/2020  
yes, DJT didnt make a new high back in feb, so its something to watch


Pasig evan  01:48:49 GMT - 05/20/2020  

OTHER
Entry: Target: Stop:
Red, in case DJIA don’t clear 24,764 a new cycle high and drop below 24,008-24,073 support on a closing basis, whereas NQM and S&P did make new cycle highs, there are intermarket bearish divergence to the DJIA which has not made a new cycle high. It would be further valid if NQM would drop below 9,234-9,250 and S&P below 2888-2897 on a closing basis. (Above from Merriman Market Analyst)


AT Trader john  20:04:40 GMT - 05/19/2020  
LATE TUESDAY
DJ: -391
SP: -31.0

2-yr 0.169% -1.4
Spread 10s-2s +53.1 bps (+52.8ps)

10-yr
US: 0.700% -4.2
UK: 0.248% +0.3
DE: -0.468% -0.7

EURUSD MACRO TREND: Higher
Spots (Pivot Point prev day)
EURUSD 1.0838 (1.0939)
GBPUSD 1.2279 (1.2253)
EURGBP 0.8906 (0.8947)
USDJPY 107.73 (107.71)

This Week 1.0976-1.0800 (176 pips)
tue: 1.0976-1.0903 (73)
mon: 1.0927-1.0800 (127) thu: 1.0826-1.0775 (51)
wed: 1.0895-1.0813 (82)


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AT Trader john  20:04:39 GMT - 05/19/2020  
...


Mtl JP  20:01:52 GMT - 05/19/2020  
MacroMicro 23:15 / Powell was crystal clear ... now, who dares to short US indices?
-
U still long ?


london red  18:51:36 GMT - 05/19/2020  
Pasig evan 18:36 GMT 05/19/2020
GBPUSD
Entry: Target: Stop:

Red, noted but seem we have seen high for stocks today?
Reply

lol
you must be new here, stocks always run up to highs by close!

looks like i will be a day out for 3k but heres another thing for free, the move thru 200dma will be priced in pre market so mom and pop will need to buy abv


Pasig  evan  18:36:47 GMT - 05/19/2020  

GBPUSD
Entry: Target: Stop:
Red, noted but seem we have seen high for stocks today?


london red  18:33:01 GMT - 05/19/2020  
cable is a proxy for stox. economy brexit non of this matters until it does. u know muppets will buy bigger drops, but u also know they will overchase given their inherent bullishness on brexit. which means u buy big drops with them, but fade the big bounces cos cable isnt going to stay up for good. use the mkt dont fight it.


Pasig evan  18:28:23 GMT - 05/19/2020  

GBPUSD
Entry: Target: 1.2278 Stop:
Red, Gbp broke 1.2278 on the way to 1.24? Why suddenly so bullish? Due unemployment lower.


Mtl JP  18:27:20 GMT - 05/19/2020  
it is coming !

"bold" action from the money printers and from gov't
as eric re-iterates that congress now needs to spend SPEND


Mtl JP  18:08:49 GMT - 05/19/2020  
'tis time for one more FED yakker: rosengren
unlikely to wake stocks up

in the meantime DJT is "proud to" bespraying couple hundred million$ here and there at public transit systems allegedly to "help keep the transit system open & operational, helping get people to work or make necessary trips. These funds help replace lost fare revenue, very important!" and "support continued operations of their transit system. This will keep workers on the job and help the economic recovery by ensuring reliable transportation!" instead of encouraging folks to tele-work, ride a bike or walk to work for soooo many socio-economic benefits... missing out a great opp to get murrika into shape


Israel  MacroMicro  17:10:15 GMT - 05/19/2020  
volatility died
options seller is king


Mtl JP  16:25:17 GMT - 05/19/2020  
red 16:17 maybe. environmental situation around the pompous ivory types with fertile imagination for bullsh!t is changing.


Mtl JP  16:17:57 GMT - 05/19/2020  
re "substitution"
-
When I was young (< 10yrs) my grandfather related a story from the italian war front about "substitution": sitting scared, cold and hungry in a sh.t polluted ditch their commander suggested to boil shoelaces and pretend it to be soup substitute. matter of mental resilliance he was told.


london red  16:17:11 GMT - 05/19/2020  
JP, due to CV you have pretty much seen that already. will it continue? Until supply chains worked out then probably. still, I expect they will ex anything that it not within the box to ensure inflation is less than 2% y/y


Mtl JP  16:06:43 GMT - 05/19/2020  
also I do not care about gov't PhD'd statisticians substitution habra-ka-dabra beef with chicken. It won't matter IF costs inflation causes empty store shelves.


Mtl JP  16:00:32 GMT - 05/19/2020  
also sofar bond types are relatively calm still paying only 0.714%/yr to lend $100 for ten years.

I want to see price-inflation in food go to 3-5% on m/m basis. That should catch a few eyeballs.

I do not care about the cost jogging pants, TVs or even gasoline going this or that way.


london red  15:56:03 GMT - 05/19/2020  
give it time. 2940/70 decides nxt 30 pts.


Mtl JP  15:53:52 GMT - 05/19/2020  
red 15:46 ya currently looks like 3K bridge too far

"where is the beef" jerome ?


Mtl JP  15:51:20 GMT - 05/19/2020  
haha powell... sly fox, about growing balance sheet to the edge of universe: remembers bernanke's making light of "buying" crap and , later, much later when hardly anyone is watching much less cares, will let crap simply roll off (poof!) into darkness of history.

this fake money system is like children's "and then they lived happily forever thereafter" story.


london red  15:46:18 GMT - 05/19/2020  
Mtl JP 14:44 GMT 05/19/2020
three-barreled fertilizer spray gun (powell-mnuchin-kashkari) not doing much for stocks sofar

much was leaked/released yest so its all in the price. mkt hoping for one last hurrah tho.


Mtl JP  15:33:25 GMT - 05/19/2020  
the mushroom feeders now peddling the idea that strong growth is 1 - 2 yrs away. whatever "strong" means by their definition.

with powell trying to hint hint hint that it's time for govt to step forward with spend moar , I get the feeling that jerome is not all that convinced about the magic powers of the tools in his toolbox. Why else would he be trying to shift away responsibility for whatever glory is yet to happen, why share it ?


Mtl JP  14:52:04 GMT - 05/19/2020  
but but ... the mushroom feeders are part of reality
not like they are packing it in and POOF!-ing


Israel  MacroMicro  14:49:00 GMT - 05/19/2020  
US politicians are definitely AAA nonsense spreaders without any attachments to reality

#MAGA


Mtl JP  14:44:48 GMT - 05/19/2020  
three-barreled fertilizer spray gun (powell-mnuchin-kashkari) not doing much for stocks sofar

could get "dangerous" for the gang of policy-makers
credibility-wise



Mtl JP  14:24:05 GMT - 05/19/2020  
 
99.35-ish
-
well well well... look at this pig !
one could think players optimism the cause of ditching "safe haven"
OR
suddenly it is dawning on players that the more there is of something on offer the lesser its unit price


Mtl JP  13:45:30 GMT - 05/19/2020  
all those headlines about promissing corona antidotes = fools' gold
-
anti-viral needs to go thru stage 1,2 and 3 testing.
there is no way around.
Bottom Line:
all the ~25% ++ reaction pops = grab n run


AT Trader john  13:02:43 GMT - 05/19/2020  
10:00 a.m.

Testimony -- Chair Jerome H. Powell

Coronavirus Aid, Relief, and Economic Security Act

Before the Senate Banking, Housing, and Urban Affairs Committee, U.S. Senate (via webcast)


london red  12:21:26 GMT - 05/19/2020  
they cant be too positive about the now since data is still expected to get worse (esp the jobs), so they can't blow their own trumpets too much. so a grilling by senators can only be expected.


dc CB  12:19:34 GMT - 05/19/2020  
The Bottom is IN.
Start buyibng up those Buttons on EBay

there's a fortune to be made...better than BitCoin...you can actually hold it in your hand.

Whip Inflation Now---stuff



dc CB  11:28:58 GMT - 05/19/2020  
The only remarkable thing today will be the Agression of the usual milktoast erudite Senators from either side of the Island of Lost Soles(shoes)

Democrater or Repub--pub pals

i cud be wrong. but the Soap Opera channel with the best show will be the one than carries the WTI June Expiry....Dud ur not.


Mtl JP  11:20:37 GMT - 05/19/2020  
 
heading into NY session
-
chief china communist xi stood up at the WHO and delivered a truckload of defiance, denial and lies yesty. Impressed that he did not get bagged and shipped off to the International Criminal Court.
-
u.s. futures now turned down somewhat, tiny bit really, may because players have had nuff of "clear messaging" from powell about he can do.
powell is on yak deck again today, players may want to see "where is the beef" next.


dc CB  09:38:38 GMT - 05/19/2020  
Stox R itching
at the nadir???

Tues sports the (OOOOPS) pre prelease POW POW's written remarks in front of those evil evil Senatorians.

PLUS PLUS The largest POMO offering of the week( check CNBC.....waiting..........Not Responding....)


AT Trader john  09:33:48 GMT - 05/19/2020  
TUESDAY
DJ: -61.4
SP: -9.2

2-yr 0.177% -0.6
Spread 10s-2s +52.8 bps (+42.6 ps)

10-yr
US: 0.705% -3.7
UK: 0.240% +0.1
DE: -0.478% +0.3

EURUSD MACRO TREND: Higher
Spots (Pivot Point prev day)
EURUSD 1.0952 (1.0880)
GBPUSD 1.2246 (1.2369)
EURGBP 0.8940 (0.8765)
USDJPY 107.48 (107.96)

LAST Week 1.0956-1.0800 (156 pips)
tue: 1.0956-1.0902 (58)
mon: 1.0927-1.0800 (127) thu: 1.0826-1.0775 (51)
wed: 1.0895-1.0813 (82)


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20-day avg: 1.0843
50-day avg: 1.0900
100-day avg: 1.0973
200-day avg: 1.1015

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AT Trader john  08:51:52 GMT - 05/19/2020  

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 19 May 2020
AA 06:00 UK- Employment
A 09:00 DE- ZEW Survey
A 14:00 US- Powell Testimony
Wed 20 May 2019
AA 06:00 UK- CPI
A 09:00 EZ- Final HICP
A 12:30 CA- CPI
A 14:30 US- EIA Crude
A 18:00 US- Fed Minutes
Thu 21 May 2019
Flash PMIs all day
AA CH/EZ- Holiday --
A 12:30 US- Philly Fed
A 14:00 US- Lead indicators
A 14:00 US- Existing Homes Sales
Fri 21 Jan 2019
Flash PMIs all day
AA 06:00 UK- Retail Sales
A 09:30 EZ- ECB Minutes
AA 12:30 CA- Retail Sales




london red  08:25:35 GMT - 05/19/2020  
nasdaq 100 futs filled there 9411 gap earlier and have backed off a little. the index itself does have another gap, a minor one, a little higher to 9611.
cable has some res overhead by 12278. if they break that 124 is poss. but it moves with risk, so stocks will govern esp if strong move either way.
euro is also reaches its limits 11015-70 is really thin air for it. snb is your friend here.


dc CB  08:00:46 GMT - 05/19/2020  
 
Cubes
now Two Two Two gaps in One
(double mint chewing gum-commercial)


Mtl JP  07:21:04 GMT - 05/19/2020  
so ozzies about to get a taste of china communists' love in the form of tariffs (and using state media to encourage consumer boycotts against Australian products) unless ozzis heel to china communists' objections into an investigation into the origin of the coronavirus
- paraphrazing bbrg


dc CB  07:16:24 GMT - 05/19/2020  
Mtl JP 06:41 GMT

'my brain is too dirty to be washed.'
Bridget Phetasy


perth wtr  07:02:53 GMT - 05/19/2020  
yeah, just buy stocks baby, everything is good
covid rally mwahahaha Buffett and Gates all smiling buddies again
screw all of you fools, taxpayers and governments


Mtl JP  07:00:33 GMT - 05/19/2020  
 
currently massive "risk on" party in europe:
FTSE 100 4.29%
DAX 5.67%
CAC 40 5.16%
IBEX 35 4.70%
Stoxx 600 4.07%

giving a lift to US futures as well


london red  06:58:52 GMT - 05/19/2020  
s&p 3k today folks.


Mtl JP  06:41:32 GMT - 05/19/2020  
a hint at "If it were in China"

Hu Xijin 胡锡进
@HuXijin_GT
3h
President Trump is leading the US's struggle against pandemic with witchcraft, and as a result, more than 90,000 people have died. If it were in China, the White House would have been burned down by angry people.

-
“There are only nine meals between mankind and anarchy.” - Alfred Henry Lewis

Inflation:
- how much m/m inflation to cause an interruption in food supply ?
- and instill fear in the peasantry ?

Food price inflation is way WAY more important than price inflation in say oil (gasoline) as prospects and visions dancing in peasants heads of going hungry are greater motivator than those of having to take a bike or walk.


dc CB  05:27:00 GMT - 05/19/2020  
SpaceX on Monday confirmed that its next launch will be Demo-2, currently scheduled for May 27
.
The mission will be the first time the company launches people, as the SpaceX rocket and spacecraft will send two NASA astronauts to the International Space Station.

NASA astronauts Bob Behnken and Doug Hurley are set to liftoff at 4:32 p.m. EDT at Kennedy Space Center in Florida.

CNBC



dc CB  02:22:39 GMT - 05/19/2020  
apres le deluge

of note:
Reuters
Exclusive: Nasdaq to tighten listing rules, restricting Chinese IPOs - sources
https://www.reuters.com/article/us-nasdaq-china-listings-exclusive/exclusive-nasdaq-to-tighten-listing-rules-restricting-chinese-ipos-sources-idUSKBN22V01Q

Fearing An Imminent Top, Companies Flood The Market With Stock For Sale After The Close



Israel  MacroMicro  23:15:43 GMT - 05/18/2020  
Powell was crystal clear, unlimited ammunition is available and no mental barrier to use the firepower whenever the FED trust it to be the right time.

now, who dares to short US indices?


Mtl JP  23:09:27 GMT - 05/18/2020  
ya ... so ~0% interest rates and giga-trillions of credit until ... "until we are confident that" what .... and by how long "a long shot" .... is that ?

That raises the question of at what point and when is the limit of money debasement approach ZERO -- i.e. inflation de-thering and FED's monetary what-ever intervention having zero desired effect ?

10-yr 0.728%


dc CB  22:43:34 GMT - 05/18/2020  
Powell's Senate prepared remarks have been out for a couple of hours

Highlights From Powell's Prepared Remarks Before The Senate Banking Committee



AT Trader john  19:38:32 GMT - 05/18/2020  
The House of Representatives must approve all government spending with the approval of the President. The President can veto any spending bill, but the House can overrule a Presidential veto with a 2/3 vote.

The Fed is a creature of Congress, which is why the Fed Chair has to testify before both Houses of Congress twice a year. I not sure about the process but Congress can change Fed's powers. I am not sure if the President would have to approve...


Israel  MacroMicro  19:18:20 GMT - 05/18/2020  
legally, do the Senate is in power to stop the printing by FED and cause the treasury to change their policies?

lately the look like rubber stamp


Mtl JP  18:22:49 GMT - 05/18/2020  
Mnuchin, Powell to face Senate grilling on coronavirus loan programs
May 18, 20202
Their testimony comes as new oversight report says Treasury has yet to disburse a great deal of relief money

the remote hearing planned for 10 a.m. Eastern Time on Tuesday



Israel  MacroMicro  17:13:45 GMT - 05/18/2020  
CHF cheap enough for me to start collecting some now.


Israel  MacroMicro  17:10:45 GMT - 05/18/2020  
AUD nears the weekly point of transforming from strong to too strong with a flavour of much too strong.

06180 target vs USD


AT Trader john  17:07:22 GMT - 05/18/2020  

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 19 May 2020
AA 06:00 UK- Employment
A 09:00 DE- ZEW Survey
Wed 20 May 2019
AA 06:00 UK- CPI
A 09:00 EZ- Final HICP
A 12:30 CA- CPI
A 14:00 US- Powell/Mnuchin Testimony
A 14:30 US- EIA Crude
A 18:00 US- Fed Minutes
Thu 21 May 2019
Flash PMIs all day
AA CH/EZ- Holiday --
A 12:30 US- Philly Fed
A 14:00 US- Lead indicators
A 14:00 US- Existing Homes Sales
Fri 21 Jan 2019
Flash PMIs all day
AA 06:00 UK- Retail Sales
A 09:30 EZ- ECB Minutes
AA 12:30 CA- Retail Sales







Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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