235 replies to this topic

[redfoliage2]

Bear-killer rally too far too fast but still could reach as far as ES 4100-50 on this leg up. 
FED may not resume HAWKISH talk until after the midterms -- usually they stay quiet during these political events. 

However they may sound HAWKISH but be DOVISH in the near future, especially now that they will 

most likely cut to 50bps in December. 

 

50bps this week also?

Does not seem so ...

 

more later

The Fed is supposed to be politically independent, but I know this may be just a wishful thinking.   We shall find out on Wednesday  .....................

Edited by redfoliage2, 31 October 2022 - 12:03 PM.

[12SPX]

profit stop 3886

[12SPX]

profit stop 3890

[12SPX]

Out for a 5 point profit...

[K Wave]

Sometimes these kind of days can turn out better than good trend day...

 

Been in and out all morning racking up the super quick gains, some in a few minutes, both ways in multiple markets.

5-6 cents in Silver here. A 5 bucks in Platinum there...50-60 points in Dow here, 5 bucks in Rusty, 20 bucks in NQ there. .3 to .75% trades over and over.

 

When you know they are not going anywhere, makes it easier to be more aggressive sizewise.

 

Day only half done and workin' on a 7% day...may take a break for a bit...

 

[K Wave]

Apple all wedged out now...so possibility might get something a bit bigger soon....

 

[K Wave]

Weakling Naz thus far not able to even jump the hourly...

 

If it finally does do so, then might see another whoosh upside.

 

But if it can't turn 11400 area into some kinda support, that could be problematic.

 

[K Wave]

NY Comp right up against hourly here....after holding at extremely crucial support zone earlier.

 

[redfoliage2]

Regardless of the politics, the bear market is far from over, and the counter trend bounce is very likely to end soon.  I see this is a good time to start building up short positions ....................... 

Edited by redfoliage2, 31 October 2022 - 01:22 PM.

[12SPX]

Final hour and I'm starting my long build at 3885.  Gotta go and winterize the pool so I'll let you know how it turned out!!