Black Monday

[bull....]

The US markets still consolidating in a range at highs. watching breakouts or breakdowns for likely direction. sp500 watch around 2958 - 60 support and 3020 resistance. im thinking if up a melt up will happen. I posted my target for the dow in this bull market maybe a yr or so ago of 30k so lets see

confirmed the range on the sp500 with the move of the top of the range last night. still watching for the next move probably during and after fed meeting

[bull....]

still hovering around the top of the range , people might front run fed announcement such is human instinct but the real action comes after usually. anyway stock i mentioned a few mths back bynd beyond meat results out and price at 222 now not to shabby a performance and so quick. fast money eh revenue up 300%

bynd just announced a share offering just after i posted its price is now down 10% lol such is the stock a tradeers paradise , trades its free float nearly everyday lol

[bull....]

trade of the top of the range working well again

Goldman raises year-end S&P 500 forecast, sees another double-digit gain in 2020

https://www.cnbc.com/2019/07/30/gold...s-outlook.html

[arc]

When the big boys get burnt, they finally respond.

https://www.newsbtc.com/2019/07/30/u...bitcoin-crime/

[bull....]

FED CUTS RATE BY A QUARTER POINT, CITES ‘GLOBAL DEVELOPMENTS,’ ‘MUTED INFLATION’

https://www.cnbc.com/2019/07/31/fed-...ter-point.html


well market just bounced of our range bottom at 2958 - 60 support we have to wait now for the range to break to get next directional move

[bull....]

dont you love trading these ranges , nice bounce of 2958 - 60 as was saying real action can come after meeting

[bull....]

trump just tanked the market with more tarriffs on china , bonds yields plummeting on the news this gonna make a trad bad august interesting now

[Joshuatree]

Gold jumps $31.55. Interesting that the Lumber index has jumped 5.52% too. Crude oil dumped down 7%.

[Balance]

Treat as yet another buying opportunity.

[bottomfeeder]

Would be great if that was all it took. Sell your shares and hold cash. Except. Interest rates are plummeting. Inflationary pressures are right up, such as wage increases, government and local authority charges. Everything is going up except for the inflation rate based on cpi. The method of calculating the cpi needs to change quite markedly. Cash used to be king, now cash is crap.