203 replies to this topic

[K Wave]

If the short term top in oil is real and oil goes down, that should be good for Consumer Discretionary whose biggest weightings are AMZN, TSLA, HD, NKE, MCD, LOW, BKNG and SBUX.

They may try for the gap fill on Crude at 118

 

But if the continuous goes back below 116 again, likely that crude rampola is done....

 

Action in OIH certainly not encouraging for crude bulls,, and XLE has weekly Hangin' Man followed by what is looking like a confirmation break....

 

And we all saw what Hang Man did to TQQQ...

 

[K Wave]

There's the gap fill and a bit more on Crude....now we see if bulls have any firepower left...

[redfoliage2]

It looks that some big players/their robots started covering.  It would be interesting if they just crash the market before the Fed's decision ...........................

Edited by redfoliage2, 13 June 2022 - 10:54 AM.

[K Wave]

5 yr rates above 30 yr.....

[kaiser soze]

Poof goes the midday bounce.  Highly motivated sellers distributing on every rip.

[beta]

Covering shorts here, long AMZN for a 3-5% bounce.   Downside is not over.

[12SPX]

Average long 3919, little by little getting it down to the 3800 level...

[redfoliage2]

Bears have been expecting the Fed to raise by 75 base points, and let's see if the Fed will go their way or Not...................

Edited by redfoliage2, 13 June 2022 - 01:46 PM.

[12SPX]

31% chance of 75 but I'll be surprised if they do anyhow, they'll stick to 50,50,50 then see whats going on!!  Average long 3908....

[12SPX]

And bam, average long 3897 going into the overnight session.....