Jump to content



Photo

"FED" RECESSION has begun? TECH BROKEN...


  • Please log in to reply
385 replies to this topic

#371 kaiser soze

kaiser soze

    Member

  • Traders-Talk User
  • 884 posts

Posted 06 May 2022 - 02:11 PM

While everybody's attention is focused on the NDX/XLK/XLY/XLC high P/E complex, the Energy sector is experiencing a severe range contraction.  Both XOP and XLE are coiling in narrow ranges.  Huge breakout is expected next week.

 

No firm idea about the direction of the expected breakout but one can speculate.  If Russia announces a temporary truce on or about May 9 after the Azovstal operation is complete, that could trigger a big sell-off in energy.  If Saudis don't pump more and Ukraine conflict escalates further, oil and natural gas could rocket up further.  The very strong jobs data today and rising interest rates are supportive of an upside breakout in energy equities. 



#372 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 15,990 posts

Posted 06 May 2022 - 02:12 PM

VIX is still telling SPX to reverse soon ..................


Edited by redfoliage2, 06 May 2022 - 02:13 PM.


#373 kaiser soze

kaiser soze

    Member

  • Traders-Talk User
  • 884 posts

Posted 06 May 2022 - 02:16 PM

VIX is still telling SPX to reverse soon ..................

 

VXN is at 38-ish.  If it crosses back above 40, that would indicate a re-acceleration of the downtrend and a potential close-at-the-lows capitulation. 

 

Plus Nasdaq TRIN is steadily increasing all day (more selling pressure), which is ominous.



#374 K Wave

K Wave

    Member

  • Traders-Talk User
  • 13,097 posts

Posted 06 May 2022 - 02:23 PM

Rusty fresh low of day  in Hour of Power on a friday...see if it unravels here or not...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#375 kaiser soze

kaiser soze

    Member

  • Traders-Talk User
  • 884 posts

Posted 06 May 2022 - 02:26 PM

The market is still selling off in a very orderly and systematic way.  What could provoke a more disorderly liquidation?

 

There could be many triggers, but I think TSLA breaking below 821 and then 800 could cause genuine panic. Because TSLA is the talismanic stock of this bull market, and even the entire millennial generation.  The RCA of our day and age..



#376 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 15,990 posts

Posted 06 May 2022 - 02:32 PM

It's not allowed - see big players stakes:

 

https://www.cnbc.com...st-survey-cnbc/

 

I'd not be surprised to see they mount another short squeeze next week ...........................


Edited by redfoliage2, 06 May 2022 - 02:36 PM.


#377 kaiser soze

kaiser soze

    Member

  • Traders-Talk User
  • 884 posts

Posted 06 May 2022 - 02:32 PM

Equal weighted biotech (XBI) is now in the intraday range of the March 16-March 23 2020 candles which marked the bottom of the COVID crash.



#378 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 11,774 posts

Posted 06 May 2022 - 02:38 PM

Opened 4120


closed +15.25 points

 
Opened 4102.5

 
+28.75 points
Closed 3rd ES HEDGE SHORT
later
 

 
+170.5
 
Closed 3rd NQ HEDGE SHORT
 
will reopen later
 
 

 
12862  3rd NQ HEDGE SHORT
 
Leaving all 3 ES & NQ HEDGE SHORT over the weekend, unless market plunges below ES 4000 today
Will add 4th ES & NQ HEDGE if ES trades above  4180
Holding all positions over weekend... unless...    EXTREME MARKET BEHAVIOR
 
Will add more LONGS if NEW LOWS made today
 
Will add to 3 USD/YEN SHORT  if above 130.96
 
 

 
ES 4124.5
 

 
closed 3rd NQ HEDGE SHORT  +105 points
 later
 

 
closed +14
 
later

 
reopened 4134

 
closed 9.5 profit
will reopen 3rd ES HEDGE SHORT ... later 
 

 
reopened 4129
cannot keep up
later
 
 

 
closed +7
will reipen later
 

 
4124
 

 

ES 3rd hedge short 4105
rapid rally from low!
 
got to add 3rd HEDGE NQ  SHORT 12820

 
 
closed 3rd es hedge short +20

 

will reopen later

will also close 3rd NQ hedge and open later

 
 
 
 
 
 
 
 
 
 
 
 
 


#379 K Wave

K Wave

    Member

  • Traders-Talk User
  • 13,097 posts

Posted 06 May 2022 - 02:39 PM

20 min to go...plenty of time to get SOX back over 3K if bulls have the firepower...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#380 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 11,774 posts

Posted 06 May 2022 - 02:40 PM

3 ES & 3 NQ HEDGE SHORT.

Opened 12710


Opened 4120

closed +15.25 points


 
Opened 4102.5


 
+28.75 points
Closed 3rd ES HEDGE SHORT
later
 


 
+170.5
 
Closed 3rd NQ HEDGE SHORT
 
will reopen later
 
 


 
12862  3rd NQ HEDGE SHORT
 
Leaving all 3 ES & NQ HEDGE SHORT over the weekend, unless market plunges below ES 4000 today
Will add 4th ES & NQ HEDGE if ES trades above  4180
Holding all positions over weekend... unless...    EXTREME MARKET BEHAVIOR
 
Will add more LONGS if NEW LOWS made today
 
Will add to 3 USD/YEN SHORT  if above 130.96
 
 


 
ES 4124.5
 


 
closed 3rd NQ HEDGE SHORT  +105 points
 later
 


 
closed +14
 
later


 
reopened 4134


 
closed 9.5 profit
will reopen 3rd ES HEDGE SHORT ... later 
 


 
reopened 4129
cannot keep up
later
 
 


 
closed +7
will reipen later
 


 
4124
 


 


ES 3rd hedge short 4105
rapid rally from low!
 
got to add 3rd HEDGE NQ  SHORT 12820

 
 
closed 3rd es hedge short +20

 

will reopen later

will also close 3rd NQ hedge and open later