So far Dow holding back test of 30K...
As long as it continues to do so, bulls have the advantage.
If they got a bit of help from bonds, then perhaps that could get the move over 30,500 underway.
Posted 17 October 2022 - 10:40 AM
So far Dow holding back test of 30K...
As long as it continues to do so, bulls have the advantage.
If they got a bit of help from bonds, then perhaps that could get the move over 30,500 underway.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 17 October 2022 - 10:42 AM
Big battle for that 1 min 900 on TLT...which is always the first battle that must be won on a turn attempt
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 17 October 2022 - 11:03 AM
Let's see for how long this gap will hold. I see it will get filled soon or later .....................
In an OpEx week it's common to see ST trendless moves like this one. But with VIX still above 30 it's likely this gap to be back filled before the week ends, maybe as soon as tomorrow. At this juncture no bottom in sight for the bear market though some Wall Street firms see SPX 3000 to be the bottom ..................
Edited by redfoliage2, 17 October 2022 - 11:09 AM.
Posted 17 October 2022 - 11:26 AM
Softy another one with divergent bounce off the 900.
Even if you are longer term bearish, have to respect this setup for a potential rally for a bit.
And as went for Google, a breach of that pivot on earnings could lead to disaster longer term.
Edited by K Wave, 17 October 2022 - 11:28 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 17 October 2022 - 11:40 AM
20 yr back over 4.25....still danger of blowoff move in rates until bond bulls can get an actual turn in place..
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 17 October 2022 - 11:44 AM
Now they got TLT to red....
one more trip above 99 might end that danger, but in the meantime, bottom could still fall out here...
Edited by K Wave, 17 October 2022 - 11:44 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 17 October 2022 - 12:01 PM
Great rally since early today and then ... snooze mode for the past 3 hours...
Normally, this happens after such a rally so do not be tempted to force the trades.
I had a nap for about 35 minutes and not one alert triggered. Should have slept a
bit more...
Posted 17 October 2022 - 12:52 PM
Wow over 4% and were still holding at highs hmmmmmm
Posted 17 October 2022 - 01:02 PM
Okay lets see how this goes, trying a short at 3700, see if that bond has any effect....
Posted 17 October 2022 - 01:03 PM
There we go, profit stop 3699