ES Journal - 2019/2020

[Overnight]

My only question is : What happens when the tariff mania is over ?

The markets resume a climb like we saw in 2017 with nary a pullback. Until the primaries happen. Then all hell breaks loose again.

 

[vanzandt]

My only question is : What happens when the tariff mania is over ?

Yeah no kidding.
Sell the news.

 

[Rickshaw Man]

 

[Rickshaw Man]

Buy the dips you can't lose.....so easy making risk free money $$$$$
Just look at the hungry buyers gobble up the offers.

 

[Spooz Top 2]

Proving to be quite correct ... 2 month look back! from 9/27

Plenty of Juice left in this Puppy.... Magnetized North bound moves provide strong currents!

Fade the paper....

 

[Rickshaw Man]

Yesterday and today offered some very nice dips. Everyone should swim with the current not against it.

 

[Rickshaw Man]

Record this record that....and the FOMC has there foot floored. Unbelievable, no more discounts, everyone will pay higher prices.

 

[themickey]

Hmmmmm, I smell trouble coming shortly in La la Land.
Something is brewing.
Are you ready for when the SHTF? Might be a few days away, dunno, but there's mischief coming.

 

[syswizard]

Something is brewing.

That something is a weak trade deal with China. Trump initially said he would only do a "great" deal for the USA. Looks like that was B.S.

 

[Laissez Faire]

My weekly model strongly indicates we'll print new ATHs in the coming week, but also indicates limited upside and a positive close not much above Friday's Close (3146) with a slight chance we'll dip slightly into the red.

That's the technical picture.

The FOMC decision, various economic data and others stuff going on in Europe may of course trump this.

Nailed the ATHs and the positive close, but my technical model does not accurately track the euphoria/hysteria we're currently experiencing.

I firmly belive that news usually accelerate/amplify market movements; not create them. So this would have been the outcome regardless of the trade deal tweet, although not as strongly bullish as this.

FOMC turned out to be a non-event and the next least volatile day of the week.

Anything can happen, but it's my firm belief that because of the year end effect and current euphora we'll print 3200 + by end of next week.

Staying long, hier.

PS: I may think this market is just as nuts as everyone else, but the market can stay irrational far longer than one may think. At this point - it seems like nothing really matters any longer, bad news are shrugged off and the market is really just dying to find just another excuse to burst higher. And it does. It's now just numbers on a screen and what difference does another 100 points higher from here make? Big picture it's peanuts, really.