Stock Market Expects Sell the News Price Action
SPY ETF Weekly Chart 10.30.19
Institutions Marketing Stocks for Sale: Order Flow in Action
1) The beginning of the mark up is orderly. Not attracting attention yet.
2) Just prior to the first attempt to market stock for sale is completed in a $4 trading range. Price falls quickly during the few days of “A” but there is too much stock for sale. We need higher prices and more “second chances” to get a hot stock at a better price. Think of spot “A” as the movie preview. It gets your interest in things to come.
3) Area is the marketing machine at it’s best. New high prices that violently decline and give you another chance to buy. The wider the swings, the more attempts at a new high, the more lemmings drawn to the buy button before the coming decline.
Is that legal? Yes. It’s just institutions marketing what they need you to see and believe. Big money can’t buy or exit large positions without your help.
Is the chart of the SPY showing the same pattern and setting up for a collapse?
Futures Slide On Reports Top Chinese Officials Doubt Trade Deal Will Ever Happen
Contradicting a Reuters report published just a few hours prior, Bloomberg dropped one of the most discouraging scoops about the US-China trade talks that we've seen in months, sending stock futures lower around the world.
zerohedge.com/chinese-officials-doubt-trade-deal
Why Stocks Will Plunge 18% by Year-End Despite Fed Rate Cuts
Despite the Federal Reserve's decision Wednesday to cut rates for the third time this year, several prominent market strategists see a big stock market selloff in the near future.
Peter Cecchini of Cantor Fitzgerald expects the S&P 500 Index to be at 2,500 by early 2020, a plunge of about 18% by early next year, Business Insider reports. He sees bearish manufacturing and consumer data, making a recession likely by the second half of 2020.
investopedia.com/why-stocks-will-plunge
‘Rich Dad, Poor Dad’ Robert Kiyosaki says this is ‘the only rule’ for getting and staying rich
Robert Kiyosaki, the best-selling author of “Rich Dad, Poor Dad,” says he’s asked that a lot, and it’s the most disturbing question he gets.
“It’s the wrong question,” he explained in a post on the Daily Reckoning blog. “It tells me that they don’t have the foundation of financial intelligence required to use their money well if they do — somehow — become wealthy.”
marketwatch.com/rich-dad-poor-dad-rule
Charts suggest this sector is readying for a major breakout
As markets hold close to all-time highs, one technician sees the industrial sector readying itself for an even larger move higher.
“I see a very powerful chart here [on this ETF] that is just aching to break potentially on resolution with the trade conflicts with China,” Todd Gordon, founder of TradingAnalysis.com…
