30 replies to this topic

[redfoliage2]

Doesn't seem to have liked the cpi data so wasn't a buy on the news day.  Will be interesting where were at at the close..

I doubt that the gap will hold by the end of the day ............................

[12SPX]

 

Doesn't seem to have liked the cpi data so wasn't a buy on the news day.  Will be interesting where were at at the close..

I doubt that the gap will hold by the end of the day ............................

 

oops lol!  Am getting some nice long fills though....

[12SPX]

Maybe the bounce will come tomorrow, cmon baby!!!! 

[redfoliage2]

Maybe the bounce will come tomorrow, cmon baby!!!! 

In a bull market a bounce is a sure thing following a selling like this one,  just a matter of time.  It may be today, or tomorrow, or the latest is Friday ..........................

Edited by redfoliage2, 12 May 2021 - 10:43 AM.

[redfoliage2]

PPI data out this morning down from March peak 1.0% to April 0.7%.  So the inflation and the fear not sustainable >>>>> The current bull trend is to resume running   ............................... 

Edited by redfoliage2, 13 May 2021 - 08:42 AM.

[redfoliage2]

BTW, May monthly OpEx next week and I'd not be surprised to see SPX to recover all the loss from the recent dip ........................

[redfoliage2]

We are likely having a swing bottom here and expect Nikkei and DAX to follow up tonight ......................

Edited by redfoliage2, 13 May 2021 - 10:51 AM.

[redfoliage2]

Big companies rushing to issue bonds while the rate still low to fund more stock buybacks:

 

https://www.latimes....n-new-debt-sale

https://finance.yaho...-163731245.html

 

So the bull run will go on and I see more new highs to come.  The recent 180 SPX point dip was actually a gift for bulls ...................

Edited by redfoliage2, 13 May 2021 - 01:27 PM.

[redfoliage2]

VIX tanking 18% today,  what a reversal.  Vix is likely to go down again tomorrow ................................ 

Edited by redfoliage2, 13 May 2021 - 02:58 PM.

[redfoliage2]

Thanks for the day traders profit taking late in the day it now looks a gap-up in the cards for tomorrow ...................

Edited by redfoliage2, 13 May 2021 - 03:55 PM.