103 replies to this topic

[dTraderB]

NO WAY, but many do think the latest jobs report is evidence of end of recession and economic recovery & prosperity, the bull market resumes...

 

emini tic

 

@TicTocTick

·

10h

 

 

I have gotten many message re: what will happen next; I am being forced to release a statement Donald & cronies have created a highly thick liquidity soup Retail is home, they have stimulus $$$ All dips to 3,000 will be bot, it will push $SPX to 3625 by Fall

 

[dTraderB]

What to Make of the Rebound in the U.S. Jobs Report

By BEN CASSELMAN

Many of the gains came in restaurant work as 2.5 million jobs were added in May and the unemployment rate fell to 13.3 percent.

 

 

The Labor Department cautioned that data-collection issues troubling the agency throughout the crisis continued last month. Some temporarily jobless workers were characterized as employed in May; had they been counted correctly, the department said, the unemployment rate would have topped 16 percent.

 

https://www.nytimes....obs-report.html

 

 

NEWS ANALYSIS

Falling Jobless Rate Could Imperil Aid Underpinning the Recovery

By JIM TANKERSLEY, EMILY COCHRANE and JEANNA SMIALEK

A surprise jump in the number of people working may give Republican lawmakers less incentive to renew the very programs that have hastened the labor market’s rebound.

 

 

Edited by dTraderB, 06 June 2020 - 05:56 AM.

[dTraderB]

Best week ever for NQ

Worst week ever for Options, holding 65 SPY PUTS, about a third will never be anywhere near profitable unless SPX drops to low 3K to 2950 zone by September

Came out with a net gain but I could have done much better

Actually made a profit on 5 ZOOM PUTS after Doug opened PUT positions on this stock after the earnings report. 

 

 

Why the Jobs Report Isn’t Quite as Good as It Seems

I’ve been at this for roughly only four decades, but I can’t recall an economic report that was so wide of what everybody expected as the 2.5 million jump in nonfarm payrolls for May reported on Friday. That compared with the 7.5 million decline the worthies on Wall Street had predicted. The headline unemployment rate fell to 13.3% from 14.7% in April, in contrast to forecasts of a rise to 19.1%.

So, are you going to believe the government’s numbers or your lyin’ eyes?

https://www.barrons....ems-51591407548

[dTraderB]

TRUE, whether you like it or not, hold your nose and trade the market!

 

 

 

Tom McClellan

 

@McClellanOsc

 

When it comes to the overall stock market, there are only 2 fundamentals that matter: 1. How much money is there? 2. How much does that money want to be invested? Fed is taking a firehose to #1. History shows that this works, and people get over #2 (even with no toilet paper).

 

Ed van der Walt

@EdVanDerWalt

· Jun 5

Fundamentals are dead.

 

 

Tom McClellan

 

@McClellanOsc

 

When it comes to the overall stock market, there are only 2 fundamentals that matter: 1. How much money is there? 2. How much does that money want to be invested? Fed is taking a firehose to #1. History shows that this works, and people get over #2 (even with no toilet paper).

[dTraderB]

Tom McClellan

 

@McClellanOsc

·

20h

 

Gold is working on fixing that problem today, down $45. 1700 support level has finally ruptured, and the recognition wave of selling is something to behold.

Quote Tweet

 

 

 

Jesse Felder

 

@jessefelder

· 20h

'Gold and real Treasury yields have diverged.' https://blogs.wsj.com/dailyshot/2020/06/05/the-daily-shot-small-firms-plan-to-start-2021-with-less-than-three-quarters-of-their-pre-crisis-staff/… via @SoberLook

[dTraderB]

This is interesting:

https://www.mcoscill...an_divergences/

 

 

and this shows that the McOsc is still quit useful, still below recent peak

 

 

https://www.mcoscill...t_breadth_data/
 

[dTraderB]

https://www.marketin...dth=mcclellan-volume-summation-index

 

 

https://www.marketin...summation-index

[dTraderB]

My quota on one "political" post....this is quite rich, even for Putin

 

Russia urges the U.S. to ‘observe democratic standards’ and respect Americans’ right to protest

[dTraderB]

BUY BUY BUY! 

Even the worst-case scenario for U.S. stocks doesn’t look bad

https://www.marketwa...ewsviewer_click

[dTraderB]

or, maybe no! SELLLL....
This guy is "legendary" ... I am with him in this opinion!

 

Opinion: ‘You should be nervous!’—legendary money manager slashes stock market exposure from 55% to 25%

https://www.marketwa...5?mod=home-page