Wednesday April 22, 2015

// April 22nd, 2015 // Daily News

This ‘really scares me’ about the market: Top trader

Alex Rosenberg | @CNBCAlex

CNBC.com
Even though he tends to be bullish, David Seaburg is starting to get nervous about stocks.
Seaburg, the head of equity sales trading at Cowen, is noticing “a lot of complacency in this tape.”
It’s not that investors are screamingly bullish, in a way that would be reminiscent of stock market bubbles. To the contrary, Seaburg observes that it looks like a “tired market.”
“I really believe that there’s not an expectation we go a lot higher in the near term, but there’s not a real concern that we’re going to fall out of bed, which really scares me,” he said Tuesday in a “Trading Nation” segment.
Investors aren’t buying protection, either, as evidenced by the 31 percent drop in the CBOE Volatility Index this year. And since investors aren’t preparing for much downside, Seaburg frets that a small dip could lead to a major down draft.
“If there is something that sparks a selloff, it could be a lot more exaggerated that people expect,” he said.
On the other hand, technician Rich Ross of Evercore ISI is bullish. He says since market sentiment is not “euphoric,” it shouldn’t be a source of concern.
Further, Ross notes that while the S&P 500 closed Tuesday just 20 points from its all-time closing high, only 54 percent of stocks are above their 50-day moving average. That tells the technician that “there’s still a lot of stocks that can join the party.”
“We’re actually quite constructive on the market,” Ross concludes. “The levels of breadth suggest further upside from here.”
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Today’s Inspiration

Praying God’s Prayers

by Joyce Meyer – posted April 22, 2015

For from of old no one has heard nor perceived by the ear, nor has the eye seen a God besides You, Who works and shows Himself active on behalf of him who [earnestly] waits for Him. Isaiah 64:4

The Holy Spirit will lead us into amazing exploits in prayer if we will simply ask Him what to pray, wait for Him to answer, and then obey. We are unwise if we say we don’t have time to wait on God and allow Him to speak to us and lead us as we pray. We will wait forty-five minutes for a table at a restaurant, but say we do not have time to wait on God. When we wait on God, turning our hearts toward Him for direction, we honor Him. By our willingness to wait He knows that we want His will and that we are dependent upon Him for guidance. We save a lot of time by turning our hearts toward God and waiting on Him. As the verse for today says, God shows Himself active on behalf of those who wait on Him. Start your prayers by simply saying, “I love you Lord and I wait on you for direction in my prayers today.” Then begin to pray what is in your heart rather than what is in your own mind or will. I was recently praying for someone to do a certain thing that I knew they needed to do, but God showed me that I needed to pray for them to develop discipline because the lack of it was affecting many areas of their life. I would have prayed for the one area I saw, but God saw much more deeply than I did.

Another time I was praying for someone concerning some problem behavior that I saw, but God showed me that the root of their problem was self-rejection and that I needed to pray for them to know how much God loved them. You can see that we often pray for what we see, but God will lead us deeper if we will wait on Him.

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