351 replies to this topic

[12SPX]

Walking out the door, but starting my short build at 4060...

[redfoliage2]

Technical vs Fundamental is like hype vs reality.  This is likely an IT top and this bear market still got a long way to go, believe or not ............................

So expect bounces get sold before the moment of truth on Wed.,  then big moves up/down depending on the Fed, I see more likely down though........................

Edited by redfoliage2, 30 January 2023 - 11:27 AM.

[pdx5]

 

Technical vs Fundamental is like hype vs reality.  This is likely an IT top and this bear market still got a long way to go, believe or not ............................

So expect bounces get sold before the moment of truth on Wed.,  then big moves up/down depending on the Fed, I see more likely down though........................

 

All depends on FED if 1/4% or 1/2% and earnings of 4 bigger tech companies. I am guessing a drop after the sizzling advance in January so far.

Edited by pdx5, 30 January 2023 - 11:47 AM.

[redfoliage2]

 

 

Technical vs Fundamental is like hype vs reality.  This is likely an IT top and this bear market still got a long way to go, believe or not ............................

So expect bounces get sold before the moment of truth on Wed.,  then big moves up/down depending on the Fed, I see more likely down though........................

 

All depends on FED if 1/4% or 1/2% and earnings of 4 bigger tech companies. I am guessing a drop after the sizzling advance in January so far.

 

It's not about how much to hike this time (every body and their children know it's 25 bps), the key is what Powell will say ...........................

Edited by redfoliage2, 30 January 2023 - 12:30 PM.

[dTraderB]

MARKO IS BEARISH!
Time to go LONG...

"We believe investors should fade the YTD rally as recession risks are merely postponed rather than diminished"

JPMorgans Marko Kolanovic

Edited by dTraderB, 30 January 2023 - 01:13 PM.

[dTraderB]

I am in agreement with this, partially. I think it goes as lows as 3950 to 3980.

"top side of the trendline is about 3990 next few days - want to see support there $SPX $SPY"

https://twitter.com/...120970575896586

[dTraderB]

Yeah.

"0DTE (Zero Days to Expiration) options are wrecking our markets. Compare $SPY volume to the volume of $SPY puts and calls expiring today. 0DTE options are the tail that wags the markets dog! Read the full article on the Blog section of seabreezepartnerslp.com

@DougKass"

https://twitter.com/...129848567164928

[redfoliage2]

Now it looks likely to see a gap down tomorrow ....................

[K Wave]

So far, bears doing exactly what they need to on this choppy day on REIT and Utes..

 

The swing highs now put in there are likely hugely important now.

 

Bears can still turn it back down as long as they hold.

 

Above those, combined with liftoff in the like of GS BRK and HD would likely mean bulls win this huge battle.

 

Still leaning toward bearish outcome here for just a bit longer.

[K Wave]

Likely all about whether bears successfully complete this 15/60/180 min bearish transition attempt on Utes...

 

Yeah...it's a big one...

 

15

 

 

60

 

 

180