ES Journal - 2019/2020

[imjohn]

Tariff increases are being priced in as we speak. Next fed decision on rates is next Wednesday at 2PM ET (Dec11th), along with the obligatory Powell Q&A at 2:30 PM ET.

THAT is going to be interesting, because that may guide Trump's decision on the tariff dealing of the 15th.

Is a rate cut on the table?

Hey check out this blast from the 2013 past

 

[themickey]

Got a feeling a bounce up imminent, all signs were there in my milkshake maker. (Don't know by how much)

 

[vanzandt]

Got a feeling a bounce up imminent, all signs were there in my milkshake maker. (Don't know by how much)

Milkshake maker huh? That'll work.
btw...

Have sussed the weedless hook, got that made, haven't been to the water yet.
The offshore line dragger, nearly finished, taken a while to design but got that sussed now too.
What fishing toy you got....?

It's for fly fishing. Turn on your PM for a minute and I'll explain it.
or send me one

 

[Buy1Sell2]

Afternoon brings a move back to at least the 3105 area. The drop is over.

didn't get to 3105 yesterday but we got the move started then. Yep ---- drop was certainly over. Staying long.

 

[Buy1Sell2]

----Expecting some sideways to down movement again before full speed higher.----

 

[syswizard]

----Expecting some sideways to down movement again before full speed higher.----

I don't think the full speed higher will occur for quite a while.
https://www.bloomberg.com/news/arti...ns-to-markets-if-dec-15-china-tariffs-kick-in

 

[FXtrader8911]

----Expecting some sideways to down movement again before full speed higher.----

Don't forget to celebrate the full speed ahead prediction (when it happens), in the meantime, you can celebrate today: 5 December is World Soil Day. Dec is also 'eat a red apple month'. Happy celebrations... particularly if it is your birthday, you are sharing this auspicious Sagittarius zodiac day with Walt Disney, Little Richard, Frankie Muniz. So now you got all the important stuff you need to know to trade successfully.

 

[Overnight]

Is a rate cut on the table?

...

That is a darned hardy question right there. My instinct says no cut, they will hold. I think this based on Powell's testimony and the general consensus of the Fed since the last Powell pow wow. Hold rates steady where they are. I feel the market has this priced in. But that trade war thingy is always tingling the uvula of investors.

Drop this trade war shit, and the markets will soar.

 

[syswizard]

Drop this trade war shit, and the markets will soar.

Won't happen....Trump's legacy is actually coming down to this issue. He can't back down now....he would look so stupid.
Best you can hope for is a democratic victory next year.

 

[vanzandt]

Trump's legacy is actually coming down to this issue.
.

If I had to guess... I'd say his legacy will all come down to what happens with N. Korea and Kim. Jmho though.