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Double Up, Double Down

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

After yesterday’s absolutely comic session, I am in “ready for anything” mode this week. (And when I refer to yesterday, I am referring to, among other things, the market exploding higher when the Chinese delegation literally announced that they were willing to agree to the anything that both sides agreed on.).

Liquidity moves markets!

Follow the money. Find the profits! 

Thus, I went to sleep last night when the ES was up double digits. And now, having awoken to a new day, it is down double digits, since the nauseatingly I-am-so-sick-of-hearing-about-it-for-two-years Trade Talk Optimism has yet again flipped to Trade Talk Pessimism.

In turns, bonds are strengthening, although they haven’t quite reached escape velocity yet (it would probably take the Chinese delegation hopping on a jet back home early to do that).

Most important to my eyes remains the bank sector, the KBE, whose thrusts higher seem to be losing energy every time. If the surge we saw recently is “all she wrote”, things could start to get interesting.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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