Apple right at 145 again....
BULLs grinding up to 2023 Q1 top -- beware of GEOPOLITICAL events
#171
Posted 02 December 2022 - 08:35 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
#172
Posted 02 December 2022 - 08:37 AM
#173
Posted 02 December 2022 - 08:37 AM
If Dow gets a few 15 min closes under 34K, may be done for now...
If it holds right here, then bulls still alive for a bit longer.
But 4 hour chart lookin' a wee bit suspect now...a bit 3 driveish
Edited by K Wave, 02 December 2022 - 08:38 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
#174
Posted 02 December 2022 - 08:40 AM
1 yr getting a bit of a ramp off the stronger than expected numbers, but would need to take out 4.80 to usher in a potential move towards 5+
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#175
Posted 02 December 2022 - 08:47 AM
ES down 63 points upon the Nonfarm Payroll - just the kind of consolidation I was looking for ....................
#176
Posted 02 December 2022 - 08:48 AM
Will buy aapl below 145
#177
Posted 02 December 2022 - 08:54 AM
Hilarious I gotta say, the market is working out exactly as I've said it would this year. Correction to at least -20% and then a "grind" to form a bottom and maybe a "grind" rally a little higher to year end. The sell off after the report totally not surprising as calls were priced to perfection that expire today!! May the grind continue!! I personally think its ridiculous to even focus on wages as inflation however and thus won't be surprised to see the market rally some off this sell off but we'll see after the cash open!!
#178
Posted 02 December 2022 - 09:07 AM
The funniest thing is that wages are likely up to match the other "inflation" indicators to help people cope with it. That's what has been happening here the past 6 months but it is Canada lol!! Most important thing is I'm really glad I sold an abundant number of those inflated calls who have suddenly fallen to pennies in value lol!!!
#179
Posted 02 December 2022 - 09:34 AM
Whalla told ya, guess I could think about putting trades up again, now we'll see if it holds, I have my profit stop on lol!!!
#180
Posted 02 December 2022 - 09:38 AM
Note, watch the 10-year if it stays below 3.60 the market could hold higher, if it starts moving up from there, the rally won't hold!!