55 replies to this topic

[redfoliage2]

I remember Powell said at the Senate hearing he will be humble and data depending, no specific timing for rate hikes, and Fed policy normalization is a long road to go.  I see bears will be very disappointed at 2 pm ..........................

Edited by redfoliage2, 26 January 2022 - 11:17 AM.

[12SPX]

I think I'll just trade it till I hear what they say, do think its going to be an important one at this stage so they are more likely to sound dovish to keep the market going!! 

[redfoliage2]

I think I'll just trade it till I hear what they say, do think its going to be an important one at this stage so they are more likely to sound dovish to keep the market going!! 

 

Who says the Fed does not know how to stop a bear run?

Tech is leading today with TQQQ up over 6%.  We have not seen this for quite a while.  It's very likely Big Tech has bottomed and it's the time for a mean reversion run in the next few weeks ..........................

Edited by redfoliage2, 26 January 2022 - 11:40 AM.

[redfoliage2]

I just took the profit on ES calls.  Let's see if bears resume attack tomorrow.  If not, I will be back in ...................

Powell basically says same thing he presented at the Senate hearing a few weeks ago.  So let's wait to see if bears going to stop tomorrow ...............

Edited by redfoliage2, 26 January 2022 - 02:46 PM.

[redfoliage2]

The index futures market looks stabilized overnight ............................

[redfoliage2]

Back into long ES weekly calls ...............

[redfoliage2]

Okay, the market is still in the process of hammering out a bottom around here.  Dips are bought and bounces get sold in this stage........................

Edited by redfoliage2, 27 January 2022 - 01:11 PM.

[redfoliage2]

The market just mounted an intra-day bullish reversal.  It's likely some funds bottom buying programs just kicked off on the last day of the month .................

Edited by redfoliage2, 28 January 2022 - 11:44 AM.

[redfoliage2]

The market just mounted an intra-day bullish reversal.  It's likely some funds bottom buying programs just kicked off on the last day of the month .................

 I expect more to come early next month .............................

[hhh]

Wouldn't Monday be the last day of the month?