"U.S. economy outpaces forecast to add 239,000 private-sector jobs in Oct.: ADP"
RALLY Potential top ES 4100-50, down again
Started by
dTraderB
, Oct 30 2022 04:41 PM
235 replies to this topic
#82
12SPX
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Posted 02 November 2022 - 07:39 AM
Quiet board today. Still holding my long at 3878 overnight and just added a little to bring it down to 3875. Will see what happens going into the Fed decision later today, debating on going in flat but I think the market will respond with more grind grind grind on the news and lots of volatility. If bonds back up again to test old peaks market will sell off for sure though but guess we'll know after the news lol!! I think their announcement and comments are going to be neutral this time around though as the "supposed" inflation has been cooling, well actually has been all year but retailers are finally pulling back a little so I think the Fed is starting to get to the point of wait and see and just say they are going to be data dependent.
#83
12SPX
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Posted 02 November 2022 - 07:45 AM
Okay, down to an average of 3872 now....
#84
redfoliage2
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Posted 02 November 2022 - 08:33 AM
Bulls still got a few hours left ..................
#85
12SPX
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Posted 02 November 2022 - 08:39 AM
Average long 3870 and glad I'm on my own as put prices are getting pricey!!
#86
jacek
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Posted 02 November 2022 - 09:25 AM
Seems that volatility based option pricing seems hasn't been working well in the past several months
#87
dTraderB
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Posted 02 November 2022 - 09:43 AM
The usual FED market behavior but that was a good NQ drop and now ..is it basing for a sharp rally?
This is now in nose-bleed territory, in the reversal zone but can drop slightly and then zoom up again, unless it crosses below zero
not an exact INDICATOR but very useful
https://www.mcoscill...t_breadth_data/
#88
dTraderB
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Posted 02 November 2022 - 09:44 AM
I have to buy amzn at 96 and google below 90
CALLS in RT portfolio
stocks in LT Portfolio
#89
dTraderB
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Posted 02 November 2022 - 09:46 AM
META also
I have to buy amzn at 96 and google below 90
CALLS in RT portfolio
stocks in LT Portfolio
#90
redfoliage2
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Posted 02 November 2022 - 11:26 AM
The usual FED market behavior but that was a good NQ drop and now ..is it basing for a sharp rally?
This is now in nose-bleed territory, in the reversal zone but can drop slightly and then zoom up again, unless it crosses below zero
not an exact INDICATOR but very useful
It's depending if the Fed shows any sign of reduced hawkishness. We should know soon .......................
