The S&P 500 will top soon at 2925-2930

[S2007S]

All those future rate hikes they were talking about have now disappeared, after this first cut that will be it as Rates will be headed back down to zero.. negative rates will appear once the global recession comes to fruitation, every op to get rates to 4-5% but nope. The fed bows to wallstreet. And bowing they will do by cutting rates like fools.

FEDERAL RESERVE
The Fed is ‘indicating that a rate cut is coming,’ says former central banker
PUBLISHED TUE, JUN 4 2019 10:19 PM EDTUPDATED 6 HOURS AGO

https://www.cnbc.com/2019/06/05/for...ll-speech-possible-us-interest-rate-cuts.html

 

[noddyboy]

All those future rate hikes they were talking about have now disappeared, after this first cut that will be it as Rates will be headed back down to zero.. negative rates will appear once the global recession comes to fruitation, every op to get rates to 4-5% but nope. The fed bows to wallstreet. And bowing they will do by cutting rates like fools.

FEDERAL RESERVE
The Fed is ‘indicating that a rate cut is coming,’ says former central banker
PUBLISHED TUE, JUN 4 2019 10:19 PM EDTUPDATED 6 HOURS AGO

https://www.cnbc.com/2019/06/05/for...ll-speech-possible-us-interest-rate-cuts.html

I don't see why it is foolish neccessarily. There is no inflation, so they can cut. It is just their job. And forget about 0...the whole world is negative and there is no limit.

 

[volente_00]

Don’t tell volente_00

House of cards always tumbles in the end regardless of what the fed does to delay it

 

[ElCubano]

House of cards always tumbles in the end regardless of what the fed does to delay it

Where is the "END"? that's the hard part.

 

[noddyboy]

There is all this talk about house of cards etc. But what are the economic reasons? If this is really a crash, it should be very easy to spot. For example, in 2000 you can say P/Es of 1000 is ridiculous. Or in 2007 it is strippers flipping houses with borrowed money. So what pray tell is the reason for 2019?

 

[Stockolio]

Where is the "END"? that's the hard part.

Prudential and DB one counterparty blow up from worldwide banking crisis... Citigroup, GS and BoA knee deep in derivatives. It will be a bigger worldwide bailout then 08, bail out will likely be approved on first attempt so crash won't be as intense, unless Dems play hard ball just to stick it to Trump. DB has mkt cap 14 Billion with 1.6 Trillion in Assets... Huh ?

 

[volente_00]

There is all this talk about house of cards etc. But what are the economic reasons? If this is really a crash, it should be very easy to spot. For example, in 2000 you can say P/Es of 1000 is ridiculous. Or in 2007 it is strippers flipping houses with borrowed money. So what pray tell is the reason for 2019?

#1 reason is every single republican president has a recession, look at history
Govt debt
Student loan debt
Check out what current consumer CC debt is right now
7 and 8 year notes on $70,000 suvs
Cyclical end of economic expansion
25% tariffs will get passed on to consumers who will reduce spending in fruits, vegetables, automobiles, iPhones,etc
Inflation Is alive in groceries
$1 chips just went to $1.24
Boomers retiring cashing out 401k's to less risky investments

 

[jeffalvinson]

Just like I pointed out in December 2018, this long term bull market is being supported by its 40 month moving average. The only thing that will stop this bull market is a monthly closing candle definitively below its 40 month moving average. That is really all that matters. The rest is noise!

[SP500, 10 years (10 year bull market) , monthly candles, 40 ma]

------------------------------------------------------------------------------------------------
Further proof in what I am saying. Below is the last 40 years of the SP500 with monthly candles and the 40ma.
Price above the monthly candle 40ma = Bull Market.
Price definitively drops below the monthly candle 40ma = Bear Market.
Its that simple, nothing else matters.

[SP500, last 40 years, monthly candles, 40ma]

 

[Overnight]

Just like I pointed out in December 2018, this long term bull market is being supported by its 40 month moving average. The only thing that will stop this bull market is a monthly closing candle definitively below its 40 month moving average. That is really all that matters. The rest is noise!

[SP500, 10 years (10 year bull market) , monthly candles, 40 ma]

------------------------------------------------------------------------------------------------
Further proof in what I am saying. Below is the last 40 years of the SP500 with monthly candles and the 40ma.

Yer high, because you live with hindsight.

Why don't you go back to the spirit world, and redraw your lines WITHOUT 2018. Re-adjust it, and make a trading decision on that. Better yet, make a trading decision RIGHT NOW based on your 40 YMA or whatever. Slacker.


What will be your trade tomorrow, Jeff, based on your brilliant analysis of the last 400 years?

Up, or down?

Drink some hallucinogenic broth, you monkey.

 

[jeffalvinson]

Yer high, because you live with hindsight.

Why don't you go back to the spirit world, and redraw your lines WITHOUT 2018. Re-adjust it, and make a trading decision on that. Better yet, make a trading decision RIGHT NOW based on your 40 YMA or whatever. Slacker.


What will be your trade tomorrow, Jeff, based on your brilliant analysis of the last 400 years?

Up, or down?

Drink some hallucinogetic broth, you monkey.

"Thank you for the kind words." It took an extreme intellect to compose your kind post.

Here's my trade for tomorrow:
Trade Date 06-06; SPY (expires June 21) JUN285C Option
Today's Data:
Previous Close = 1.70; Open = 2.21; High = 2.33; Low= 1.60; Today's Close = 2.30
Bracket Order: Buy Limit= 1.75 / Sell Limit= 2.25 / Stop = 1.25
"Important Note": Negate the Trade (do not transmit Bracket) if
the Opening Price of the option Gaps up +.90 or >;
or the opening price of the option Gaps Down -.90 or >.