Transportation and small caps down today. Probably just means tomorrow is BTD day lol. Staying patient with my short plays, seeing what bulls can muster this week. I'm thinking we see 3000 before July 4th, a nice birthday present for America. https://twitter.com/ukarlewitz/status/1137082158353342464 [When SPY is up 4 days in a row, as happened last Thursday:] Since 2014, it has closed higher again w/in the next 8 days in 37/40 instances by avg 1.3%
Are there any big reports over the next couple days? Specifically on Small Caps? I'm looking at an IWM short opportunity - but don't want to be blindsided by a report I might've missed.
Stocks and Treasuries Both Capping Off a Strong First Half While the relationship between the performance of equities and US Treasuries has changed over time, throughout most of the bull market in equities off the March 2009 lows, positive equity performance has coincided with weaker performance in Treasuries and vice versa. This year has bucked that trend. While the S&P 500 has rallied nearly 19% on a total return basis, long-term Treasuries, as measured by the Merrill Lynch Long-Term Treasury index, have rallied just under 10% and were actually up over 10% on the year through last Thursday’s close.
$OXY $SCHW $VLO $SCHW $AMGN $BA $DD $UPS $CRM $D are our stock opportunities for buying long. $EOG $GS $MRK $GE $APD $KO $ORCL $DUK are our stock opportunities for selling short. More information about price range and expected buy returns are given in our today's Closing Bell video (6/24/2019), only on JusTrading YouTube Channel. Please, check it out and subscribe to get our daily analysis and suggestions for free!
Not specifically for small caps, just regular economic reports, as far as I know. I do see your point of going short. Def looks like we’re setting up for a bear flag, but with data coming out today, who knows.
IWM & XLF shorts playing well this morning. XLF might hit 100%, but IWM will probably not reach this level of profit. Will take IWM at 50% and have a stop profit gain at 25%.
Yield Curve Rejected at the 50-DMA...Again After moving down as low as -25 basis points (bps) earlier this month, the yield curve (the spread between the yield on the 10-year and 3-month US Treasuries) looked like it was going to move back into positive territory closing out last week. That was until the 50-day moving average came into play. On Friday, the yield curve finished the week inverted by less than 5 bps, but today it's back inverted to the tune of 11 bps. Looking at the chart below, the latest experience with the 50-DMA looks to be just one in a series of times in the last year where the yield curve has stalled out at or near the 50-DMA. What will it be that breaks this trend? A larger than expected rate cut from the FOMC or a sharp increase in rates at the long end of the curve?
Just noticed a $1.1M CALL buy on CHWY. Order came in around 1:00 for 2,551 contracts of the 8/16/19 $30 Strike @ 4.30 while the open interest was only 37 at the time meaning this is a new position.
I'll have to remember to pick up a straddle / strangle on Friday Trump and Xi meet Saturday — If it goes poorly, the global economy could teeter into recession 25 MIN AGO
Thought we'd bounce today. Only just found this https://www.nytimes.com/2019/06/25/world/middleeast/iran-rouhani-us-sanctions.html President Trump warned on Tuesday that any attack Iran might carry out “on anything American” would result in the “obliteration” of parts of Iran, responding angrily to comments by President Hassan Rouhani that the White House was “mentally handicapped.”
