Anonymous ID: 725b60 Feb. 26, 2019, 5:10 a.m. No.5392611   🗄️.is 🔗kun   >>2639 >>2900 >>3207 >>3223 >>3232

"Quadruple Top": Stocks Fall As Trade Optimism Fizzles, Powell Looms

as that it for the "trade war optimism" euphoria?

 

(regarding the SP Quad top cap-after the 2008 crash these patterns would emerge and show themselves to trafer's who began to position themselves for the eventual outcome. The system then yanked te markets the other way. Can recall wen GM was floundering around and flashed the death cross where the 50 day moving average crossed below the 200day moving average-can look that up. Even remember Maria B telling everyone that when she was at CNBS-not her fault as just reporting the news. When that was being told to everyone the system knew it would be acted upon so it basically pulled the chain on the over-crowded trade that was set up to profit by shorting the entire market being short by sending it the other way. Translation- do not take these signs as being set in stone

 

While traders were delighted to buy the rumor and then buy the news of the China March 1 tariff extension, expecting an imminent trade deal between the US and China, sentiment soured on Tuesday as world shares took a breather on Tuesday after hitting a five-month high, with global markets dropping as the rush of optimism over U.S.-China trade talks turned to pessimism, leading to a sea of red in world markets with even the Chinese stock bubble pausing overnight as concerns about a breakout in hostilities between India and Pakistan spooked the region, while in FX the pound soared, hitting the highest against the Euro since 2017, as the May government gave signs it was willing to delay Brexit.

 

Europe's Stoxx 600 Index slumped and S&P 500 Index futures drpoped after President Trump raised the possibility of signing a new trade deal with Chinese counterpart Xi Jinping, but cautioned an agreement “might not happen at all.”

 

“It looks like they will be coming back quickly again,” Trump told reporters Monday, referring to the possibility of Chinese negotiators returning after a week of talks on trade. “We are going to have a signing summit, which is even better,” he said, adding: “We are getting very very close.” However, the president promptly tempered his enthusiasm, noting that a deal “might not happen at all.” As Bloomberg notes, with Trump set to hold another summit with North Korean leader Kim Jong-Un this week, a diplomatic effort in which China will play a critical role, the risk of a setback remains significant.

 

And so with the S&P once again failing to break decisively above 2,800, is it time to consider the dreaded (and technically non-existant) "quadruple top" formation, and the possibility that the next big target for the S&P will be the December lows.

 

Traders will now focus on Fed Chair Powell's semiannual testimony on monetary policy and the state of the economy over two days to House and Senate committees. With the Fed already fully dovish, there is little that Powell can say to "dove" up the case, and the risk is that he comes off sounding hawkish.

 

As DB's Jim reid asks, will Powell keep the recent dovish Fed momentum going when he delivers his semi-annual Humphrey Hawkins testimony before the Senate Banking Committee? In terms of what to look for, our US economists expect Powell to reiterate that “patience” remains the order of the day and in this regard, the January FOMC meeting minutes should be a good template for his prepared remarks. The minutes indicated “a patient posture would allow time for a clearer picture of the international trade policy situation and the state of the global economy to emerge and, in particular, could allow policymakers to reach a firmer judgment about the extent and persistence of the economic slowdown in Europe and China.” In short, expect the Chair to convey the message that the Fed is cautiously optimistic about the outlook but will be monitoring conditions and would be willing to adapt as the uncertainties realise.

 

Overnight, Fed Vice Chair Clarida said that the Fed pays a lot of attention to whether the curve is flattening because of a fall in inflation expectations and reiterated that going ahead the Fed is likely to be patient and data dependent.

 

Meanwhile, JPMorgan analysts urged investors to curb some of their enthusiasm. “It is notable that 1) no new deadline date (on U.S. China trade talks) has been set and 2) there weren’t any formal statements published from either side following the talks in Washington.”

rest at link

 

https://www.zerohedge.com/news/2019-02-26/quadruple-top-stocks-fall-trade-optimism-fizzles-powell-looms

 

https://www.bloomberg.com/markets/stocks/futures

 

https://www.dailyfx.com/crude-oil?ref=TopRates

Anonymous ID: 725b60 Feb. 26, 2019, 5:16 a.m. No.5392652   🗄️.is 🔗kun   >>2675

FED'S POWELL SEE'S GRADUAL INTEREST RATE RISES

 

Central-bank chief sees ‘further gradual increases’ in interest rates

 

(they are so full of shit)

 

Video recap in 2minutes

Anonymous ID: 725b60 Feb. 26, 2019, 5:35 a.m. No.5392771   🗄️.is 🔗kun

What does it mean to have a low volume rally in the stock market? If it is low volume, how can it be a rally? (op-Ed)

 

I personally don't pay any attention to volume of trades in the stock market, but other people who follow the markets think it is very important. Like all other items to be considered by investors and/or traders there are always differing opinions and nobody owns the truth.

 

Any time a trade takes place that means someone bought a stock and someone else sold it. There is no such thing as a one sided trade. Trade prices are set by an auction process where anyone willing to pay the lowest offered price can buy and anyone willing to accept the highest offered price can sell.

 

Volume is a secondary indicator which tells how many shares were bought and sold in a given time period - usually a day. The number of shares bought is always the same as the number of shares sold.

 

Some short term traders and analysts think a large volume traded means a lot of conviction. This doesn't make any sense to me because the same amount of stock is always bought and sold. So which side is full of conviction?

 

When there are few people trading stocks the volume is light and it is easier for the price to move more quickly than when the volume is higher. This condition can happen for reasons that have nothing to do with the company or stock in question. A holiday (especially a Jewish holiday) can force the volume to be low and the price movements to be relatively high.

 

https://www.quora.com/What-does-it-mean-to-have-a-low-volume-rally-in-the-stock-market-If-it-is-low-volume-how-can-it-be-a-rally

Anonymous ID: 725b60 Feb. 26, 2019, 5:52 a.m. No.5392887   🗄️.is 🔗kun   >>3216 >>3232 >>3269

Aramco CEO says oil industry facing 'a crisis of perception'

 

LONDON (Reuters) - Saudi Aramco's chief executive said on Tuesday the oil industry is facing "a crisis of perception" and the views of some observers that the end of oil is near with the rise of electric vehicles are illogical and not based on fact.

 

Amin Nasser, CEO of the national oil company of the world's top crude-exporting country, told an industry event in London that demand for oil is expected to increase substantially, driven mainly by the transportation sector.

 

"Important stakeholders believe that the entire world will soon run on anything, but oil. These views are not based on logic and facts, and are formed mostly in response to pressure and hype," he said in a rare, strongly worded remarks.

 

"Our industry faces a crisis of perception with multiple stakeholders. Our traditional qualities of ample, reliable and affordable supply are not enough to meet society’s expectations today."

 

He said passenger vehicles made up just 20 percent of oil demand, while the rest came from other sectors such as planes, ships, trucks and petrochemicals, for which there was no alternative to oil yet to meet expected growth in demand.

 

He called for more investment in the oil and gas sector to meet future growth and said the oil industry must "push back on exaggerated theories like peak oil demand".

 

Oil demand is expected by many to peak in coming years as emissions standards around the world tighten and demand grows for more fuel-efficicent vehicles and renewable sources of energy.

 

https://www.marketscreener.com/news/Aramco-CEO-says-oil-industry-facing-a-crisis-of-perception–28068284/?countview=0

Anonymous ID: 725b60 Feb. 26, 2019, 5:55 a.m. No.5392921   🗄️.is 🔗kun

>>5392883

Keep dying on your hill fuck-tard. Everyone knows you had insider information. Why else would you have come in and done it at that specific time? You have no other example except that particular one. Real people do not always get it right each day however you seem to think one day tells a story. It's about having many day's of success. Too bad you have zero idea of how that actually works.

You lost with your attempt to get the truth out and failed with the OTC crap

Anonymous ID: 725b60 Feb. 26, 2019, 6:30 a.m. No.5393216   🗄️.is 🔗kun

>>5393207

morning baker

here is one

 

>>5392887 Aramco CEO says oil industry facing 'a crisis of perception'

 

saudi's are projecting fear here

 

this is good news to have as it will strengthen our oil/gas production. Continental Oil and Kinder-Morgan CEO's have been buying own shares at a good clip. They are confident.