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


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#381 redfoliage2

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Posted 06 May 2022 - 02:51 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 ...........................

VIX just went in red now - what a game ............................



#382 12SPX

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Posted 06 May 2022 - 02:51 PM

profit stop 4125 and 12720



#383 12SPX

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Posted 06 May 2022 - 02:54 PM

Man seems every time I post my profit stops they get filled for 5 and 3 points but did get filled again on the ndx at 12700



#384 12SPX

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Posted 06 May 2022 - 02:57 PM

okay ready for the weekend long at 4115 and 12700.  Would love to see a big sell off start to next week and hopefully we close down here!! 



#385 K Wave

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Posted 06 May 2022 - 03:00 PM

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

Missed it by thaaaaat much....big battle at the edge last 2 days...see what Monday brings...


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

 

 


#386 kaiser soze

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Posted 09 May 2022 - 02:45 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. 

 

XOP down 10% today (May 09, 2022).

 

OIH down 10%

 

XLE down 9%