11 replies to this topic

[slupert]

No. Unless you see a really solid reversal on volume, which I don't see possible. Oil to 110? Chart looks good, Asian demand smoken'. Oil=more inflation, then more rate increases? OUCH! JMHO

[OEXCHAOS]

FWIW, I'm going to get an intra-day "Secret Hedge Fund" Buy. Also the Relative VIX is in Buy territory. I'm confident that a sharp bounce is coming. It may be from below the recent lows, however.

It's sort of one of those "close your eyes and pick your spot" kind of trades.

 

M

[pdx5]

Yes, stocks are on sale today!

• S&P 500
  4,593.80
  -69.05(-1.48%)
• Dow 30
  35,359.40
  -552.41(-1.54%)
• Nasdaq
  14,633.95
  -259.81(-1.74%)
• Russell 2000
  2,134.97
  -27.49(-1.27%)
•  

[MikeyG]

I do not think so. Economic readings as of late are very weak. Inflation is starting to impact the economy. 

[MikeyG]

Empire State Manufacturing Index went negative for the first time in 2 years. 

[linrom1]

Curiously with all the talk of China lockdowns, China stocks are up. ASHR, CSI-A shares are up 1.6%. What I am hearing is that A shares are sh*t(state owned enterprises).

[pdx5]

Empire State Manufacturing Index went negative for the first time in 2 years. 

Watch the canyon! Strap a parachute!!

[redfoliage2]

Empire State Manufacturing Index went negative for the first time in 2 years. 

So how many times the Fed will dare to hike as the economy is slowing down now?  BTW, seeing the economy slowing down PBOC just cut the rate yesterday ....................

Edited by redfoliage2, 18 January 2022 - 04:32 PM.

[slupert]

Still waiting for a higher VIX spike. !)The implied volatility on big tech isn't as high as you would expect. 2) People are desperately hanging on for earnings to steady the markets. Comps ae too high, and when I see stellar performers like UNH ratcheting down yearly expectations I know there's more carnage to come. Besides, comps are too high. (JMHO)

[OEXCHAOS]

Relative VIX at 1.23. Pick your spot.

 

M