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Still BULLISH but the CPI could change everything


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#1 dTraderB

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Posted 13 February 2018 - 06:50 PM

That CPI data that will be released tomorrow will determine the short-term direction of the market.

 

Market on its toes for an inflation report that could change everything
  • Markets will be closely watching the Consumer Price Index report Wednesday in which the government gauges the level of price pressures.
  • Economists expect January to show a 1.9 percent increase in the headline number including food and energy.
  • Investors worry that inflation will read to aggressive rate hikes that will choke off the bull market in stocks and bonds.

 

Marc Chandler: 

The US reports January CPI figures tomorrow. The market seems especially sensitive to it. The main narrative is that it is an inflation scare spurred by the jump in January average hourly earnings that pushed yields higher and unhinged the stock market.

 

https://www.cnbc.com...everything.html

 



#2 redfoliage2

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Posted 13 February 2018 - 10:24 PM

Tomorrow morning we may see a test on the bounce ...............



#3 q4wer

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Posted 13 February 2018 - 11:04 PM

i have thousands of put



#4 dTraderB

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Posted 14 February 2018 - 06:48 AM

VIX and VXX are getting crushed this morning. Maybe, finally, VIX gets below 20, when I will consider trading options again.

 

VIX

23.42

-1.55 (-6.21%)       

 

VXX
Extended Hours | 6:44:01 AM EST
Volume  
46.29
-1.69 (-3.52%)


#5 dTraderB

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Posted 14 February 2018 - 08:36 AM

S&P drop 40 points on CPI report



#6 redfoliage2

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Posted 14 February 2018 - 08:41 AM

Tomorrow morning we may see a test on the bounce ...............

This bounce now turned out to be a bull trap.  Internals seriously lagged behind thru the whole bounce, so this bull trap was deliberately set up by the market operators..............  


Edited by redfoliage2, 14 February 2018 - 08:47 AM.


#7 q4wer

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Posted 14 February 2018 - 08:47 AM

i hope the down will hold for me to close my huge put positions



#8 q4wer

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Posted 14 February 2018 - 08:50 AM

in this vix manipulated market, trading options is very hard, even the underlying is going to the right direction huge, options can still lose, wallstreet is shamelessly doing that.



#9 qqqqtrdr

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Posted 14 February 2018 - 09:08 AM

I have this down as a neutral market right now by my charts....   Is the economy heating up?  Yes...  Should earnings rise yes....   With that said, my indicators are also Neutral...   Short Term ( Bullish over the next 3 days ), Medium Term ( 3 weeks bearish ).   Rydex Ratio ( somewhat bullish ), Put/Call Ratios are mixed..    



#10 redfoliage2

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Posted 14 February 2018 - 11:01 AM

The yield for 10 yr T-bond  is making new high after the CPI data out today ..................


Edited by redfoliage2, 14 February 2018 - 11:08 AM.