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Thursday, October 29, 2020

Trader Warns: This Rally Is “Fraught With Problems”

Authored by Sven Henrich via NorthmanTrader.com, As the 3 main indices have made multiple new highs in recent days and weeks it may be worth to keep taps on the health of this rally. Why? Because for rallies to be sustainable you want to see rallies show supporting signals. This rally doesn’t. It’s fraught with…

Why One Trader Is Finally Getting Ready For The Market Crash

Via AdventuresInCapitalism.com, It is something of a tradition amongst market commentators to make bold stock market calls because they gain you notoriety if you get it right. Over here at AiC, I don’t particularly care what people think. I’m here to make money—that’s it. Therefore, I’ve refrained from big market calls—particularly as I have no…

Trader: “Don’t Give Away Your Crude Gamma Too Cheaply”

Authored by Kevin Muir via The Macro Tourist blog, First of all, let me address the elephant in the room. I apologize for the lack of posts over the past few months. For the many who sent kind notes letting me know how much they enjoy the letter and hoping they will resume, I thank…

Trader: Getting Rich Off The Greater Fools Has Worked Wonderfully…Until Today

Jeff Gundlach, CEO of DoubleLine Capital, told Reuters last night that The Fed has lost control of interest rates: “What else do you need to call it an inversion?” Gundlach said in a telephone interview. “Everyone is parsing all of these little arbitrary things. But we’ve got an inversion.” And, as if Powell didn't face…

Trader Warns “No Amount Of Jawboning Will Stop This”

Authored by Richard Breslow via Bloomberg, If you did a word cloud search on today’s market stories, you would probably get back, “on poor volumes”. Traders have, very understandably, hunkered down to wait for Jackson Hole, the G-7 and Labor Day. Although, as far as the last of those items is concerned, it remains to…

Trader: Everything Looks Rosy In Stocks “Until The Short-Covering Runs Out Of Steam”

Authored by Richard Breslow via Bloomberg, Trade alert. There are a lot of markets closed today. It’s August and no big numbers are on the economic calendars. Volumes have been thin. The news has hardly been encouraging. And the price action has seemingly had little probative value. Yet that really isn’t the case. Traders are…

Trader Warns Stock & Bond Bears “You May Start Your QE Engines”

Authored by Richard Breslow via Bloomberg, It’s too bad this isn’t Friday. There’s a chance that markets might calm down for just a little while and give everyone a breather. Wishful thinking, but if the peace is to be broken, it probably won’t come from traders themselves. There seems little impetus to put big money…

Trader Warns: No Matter Where We End Today, It Will Look Ugly

Authored by Richard Breslow via Bloomberg, There has been a lot of talk recently about intervention. And we certainly need one. Looking at the charts this morning, one word comes to mind -- failure. True, traders are still trying to sort their positions out from earlier in the week, so it’s problematic to come to…

Trader: Make Sure You Focus On The Correct Events This Week

Authored by Mark Cudmore, Bloomberg Markets Live reported and former Lehman trader. The events that matter most for investors this week won’t be the ones dominating short-term price-action -- those headline-grabbing moments will be old news within a month. Next weekend’s newspapers and strategy notes may well be focused on the Fed and the jobs…

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