34 replies to this topic

[redfoliage2]

https://biz.crast.ne...o-the-bad-news/

[redfoliage2]

The China-Taiwan crisis still not over yet:

 

https://www.nytimes....rills-maps.html

 

If this develops into a regular practice it will have a negative impact on the already troubled global supply chains ..................................

[redfoliage2]

The China-Taiwan crisis still not over yet:

 

https://www.nytimes....rills-maps.html

 

If this develops into a regular practice it will have a negative impact on the already troubled global supply chains ..................................

I see the likelihood is very high that this will become a regular practice there ...................

Edited by redfoliage2, 03 August 2022 - 10:57 AM.

[redfoliage2]

I see the fresh employment data out today should keep the Fed unwavering in further rate hiking.  Time to check where are the support lines .......................

Edited by redfoliage2, 05 August 2022 - 10:04 AM.

[redfoliage2]

Thanks to the CPI data the party time was extended though it still won't change the path of the current Fed cycle that's only one third on its way in QT.  I see this ramp up is not sustainable as divergences all over the place ....................

[redfoliage2]

The market breadth has topped:

 

https://stockcharts....id=p06617756805

 

Price should follow soon,  it's now a  typical endgame....................................

[redfoliage2]

 

The market breadth has topped:

 

https://stockcharts....id=p06617756805

 

Price should follow soon,  it's now a  typical endgame....................................

 

Now we are seeing the prelude for the Sept-Oct bear attacks  ................................ 

[redfoliage2]

VST target SPX 4100.  I see that big opening gap-up on Aug 10th will be filled soon...........................

[redfoliage2]

Not surprising the market became very quiet today as traders and investors are waiting for directions from the Fed Jackson Hole conference late in the week........................

[redfoliage2]

Shorts are covering before Powell's speech tomorrow morning.  VST I see ES to back test the previous support 4225 - 4230 .........................