Private Post: Adding Risk #SPX

Models are reading inflows in US Stocks

Banking Sector: $62 billion profit: #Reuters Data

U.S. banking sector reports $62 billion profit in third quarter: FDIC Why investors do not talk about this? WASHINGTON (Reuters) – The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to quarterly data from the Federal Deposit Insurance Corporation. The

Private – Removing Exposure Today

The trade lasted one more day that expected given the strength of the market.

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Negative Price Action Today #SPY #SPX

Waiting for an up move on the EUR/USD which could contribute to add bull pressure to US Indexes. Today’s price action was not healthy for the bulls It was looking better at the close yesterday https://www.mariorandholm.com/2018/05/22/two-gaps-this-week-spx/  

SPY Alert – I did not buy yet

The SP500 just broke higher after consolidation in the last few days. My models are buying  because they do not detect institutional orders at current price levels. If institutions get involve in the long side I will start adding market risk.  

#SPX #ES GAP DOWN

Hedging long exposure. Gary Cohn, Trump’s top economic advisor, has resigned.   Reuters: https://www.reuters.com/article/us-usa-trump-cohn/white-house-economic-adviser-cohn-stepping-down-idUSKCN1GI2ZS