240 replies to this topic

[K Wave]

REIT looks like 2260 bears need to breach to possibly get things going downside again...

 

Back above last swing high and would seriously start to doubt bears resolve...

[K Wave]

Another high flyer Motorola...260 looks BIG

[redfoliage2]

 The rally not done yet - I have a minimum target at SPX 4000, and so this intra-day dip is likely to be bought soon .....................

Edited by redfoliage2, 09 January 2023 - 02:14 PM.

[K Wave]

Rusty back to 1800....could be big moment of truth dead ahead...

 

Bears have to take the ball back here, or they may lose it...

[dTraderB]

Jeffrey A. Hirsch (@AlmanacTrader) tweeted at 7:30 pm on Mon, Jan 09, 2023:

First Five Days Up, Our January Indicator Trifecta is Now 2-0 | Santa Claus Rally was up. 2 possible outcomes remain. Our January Barometer can be positive or negative. When all 3 were up next 11 months up 87.1% of times avg 12.3% full year 90.3% of times avg 17.5%.

https://t.co/i5oOhr2T1L

[dTraderB]

Jeffrey A. Hirsch (@AlmanacTrader) tweeted at 7:31 pm on Mon, Jan 09, 2023:

Previous 12 times SCR and FFD were positive, and our January Barometer was negative S&P 500 advanced ten times over the remaining eleven months and nine times for the full year with average gains of 9.9% and 6.0% respectively.

Jeffrey A. Hirsch (@AlmanacTrader) tweeted at 7:30 pm on Mon, Jan 09, 2023:

First Five Days Up, Our January Indicator Trifecta is Now 2-0 | Santa Claus Rally was up. 2 possible outcomes remain. Our January Barometer can be positive or negative. When all 3 were up next 11 months up 87.1% of times avg 12.3% full year 90.3% of times avg 17.5%.

https://t.co/i5oOhr2T1L

[dTraderB]

Liz Ann Sonders (@LizAnnSonders) tweeted at 8:44 am on Tue, Jan 10, 2023:

Companies are starting this year with relatively positive earnings guidance per index tracked by ⁦@biancoresearch⁩ ... quite different from this time last year, when many were expecting to struggle
⁦@Bloomberg⁩ https://t.co/oXuLWMo2sx

[12SPX]

Well that was fun!!  Market didn't crash but did take profits on my short from 3930 with a great profit of 35 profits and went long at 3895 as the grind continues and will likely be that way all day as everyone continues to contemplate numbers.  I have been trading the ndx a lot lately mostly long but went short there to yesterday and had great fills on those overnight with rogue numbers at 11100 from 11148 but those profits don't count as I didn't post them here. 

[dTraderB]

My FF is a pullback then rally resumes. Bext target ES 4250, THEN 4400 by end of March, or before

Adam Mancini (@AdamMancini4) tweeted at 9:17 am on Tue, Jan 10, 2023:

This week, I was looking for a rally to 3960-3975 in #ES_F. Major res and it hit and rejected hard. Big test today & bulls must defend Friday's breakout

Plan today: Supports=3895, 3870-75. 3870-75 next down & must hold which puts 3915, 3945+ in play. 3870 fails, we sell to 3855

[K Wave]

This back est of Apple 130 area likely for all the short term marbles...

 

If bulls fail to hold, could get real ugly real fast for them...

 

And vice versa for bears....expecting reasonably sharp move dead ahead...

 

Still thinkin' The Great Fakeout I laid out last week still a real possibility...up to 33.6K area on Dow first, and back below 32850 to crush the bulls.

 

But if it does not happen pretty much today, then may have to flip bullish...

Edited by K Wave, 10 January 2023 - 08:39 AM.