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FED tilts, WSJ - MARKET again near STRONG RESISTANCE: HUGE RALLY if resistance taken ou


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#31 12SPX

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Posted 23 January 2023 - 03:16 PM

or grindish



#32 dTraderB

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Posted 23 January 2023 - 03:20 PM

Or
Grindishly bearish?

or grindish



#33 dTraderB

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Posted 24 January 2023 - 06:31 AM

EARNINGS ....
Key developments that should provide more direction to U.S. markets later on Monday:
January business surveys for the United States and from around the world. U.S. Jan Richmond Fed manufacturing index, Philadelphia Fed's non-manufacturing business survey.
European Central Bank President Christine Lagarde, Dutch central bank chief Klaus Knot both speak. Bank of England Executive Director for Financial Stability Strategy and Risk Sarah Breeden speaks.
U.S. corp earnings: Microsoft, Texas Instruments, Verizon, Raytheon, Lockheed Martin, General Electric, Halliburton, Union Pacific, Johnson & Johnson, Danaher, 3M, Capital One, Invesco, Travelers, DR Horton, Paccar, F5, Intuitive Surgical.

#34 K Wave

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Posted 24 January 2023 - 06:53 AM

Interesting...as I said last week, possible that FTSE did not break out to new highs and run, and stopped right where it was,

 

So far, that is the case...

 

Looking at a variety of charts, sure seems like we are in a very critical area for intermediate term....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#35 K Wave

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Posted 24 January 2023 - 07:13 AM

JNJ revenue down 4% and earnings down 25%...but it is a "beat"

 

Softie after the close...along with TI

 

DR Horton house orders down 38%, but it it also a "beat"
 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#36 dTraderB

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Posted 24 January 2023 - 07:14 AM

Very tricky market.. back to test 4020. Lower support zone at 3995-4000

I agree with most of this:
Investing Perspective (@InvestingPersp1) tweeted at 10:28 am on Sun, Jan 22, 2023:
The game that is being played is to have markets go higher (countertrend move) into FOMC to ultimately go lower post FOMC.

Again and again, so as not to kill them.

If you are a bull let the breakout confirm a new trend. You will still make money.

$SPY $QQQ $DXY $TLT $BTC
(https://twitter.com/...167400721334275

#37 dTraderB

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Posted 24 January 2023 - 07:16 AM

I am slightly LONG, Will wait on MSFT EARNINGS before deciding on addIng or CLOSING LONGS.

#38 dTraderB

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Posted 24 January 2023 - 07:20 AM

My FF is back up again to the top of the extreme zone, above 300.


https://www.mcoscill...t_breadth_data/

#39 K Wave

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Posted 24 January 2023 - 07:22 AM

Interesting relatively new fund for those looking for higher yield stability, and willing to miss out on a bit of upside.

 

While fund was down in 2022 slightly (-2.6%), it crushed SP (-15.3) in terms of total return return during down market.

 

They also employ covered call strategies, which can juice the yield, although can limit upside.

 

All in all, for somebody who wants 10%+ payout yield over time, perhaps not too bad.

 

https://www.marketwa...unt-11674480879

 

The objective of the fund is “to deliver a significant portion of the returns associated with the S&P 500 Index with less volatility,” while paying monthly dividends, according to JPMorgan Asset Management. It does this by maintaining a portfolio of about 100 stocks selected for high quality, value and low price volatility, while also employing a covered-call strategy (described below) to increase income.

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#40 K Wave

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Posted 24 January 2023 - 08:27 AM

Coming into the potential turn time window...

 

And Dow hourly may hold the key..

 

If bears can complete this attempted rollover, then they could easily win out.

 

But if bulls reestablish control above the hourly, bears may have blown their last shot at it.

 

In any event, 33.4K on this chart now looking like a pretty good bull/bear line....

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy