BUY THE DIP! FED will not tighten now
#181
Posted 02 March 2023 - 05:46 AM
Morning Note:
-Record high euro core CPI
-Waller and Kashkari speak
-US jobless claims est 195k https://t.co/C1bnqF9YB8
#182
Posted 02 March 2023 - 07:29 AM
The 10-year Treasury to Bund spread is falling, which is bearish for stocks, and which should be bearish for the dollar, especially since the DXY overreacted a bit with its upward spike in 2022. https://t.co/RBdh1J9TSR
#183
Posted 02 March 2023 - 07:30 AM
Tom McClellan (@McClellanOsc) tweeted at 8:55 PM on Wed, Mar 01, 2023:
SP500 formed what is arguably a halfway measuring flag structure right at the 50% retracement level, and has now broken down out of that. This projects a downside objective to ~3800, but remember that an "objective" does not equal a "guarantee". https://t.co/AKEdGJM0x1
Tom McClellan (@McClellanOsc) tweeted at 4:40 PM on Wed, Mar 01, 2023:
The 10-year Treasury to Bund spread is falling, which is bearish for stocks, and which should be bearish for the dollar, especially since the DXY overreacted a bit with its upward spike in 2022. https://t.co/RBdh1J9TSR
#184
Posted 02 March 2023 - 07:36 AM
Overnight update: Major theme lately of overnight volatility then day time and #ES_F finally cracked critical 3948-55 support.
I posted loss of today's low triggers down to 3920s and arriving now. 3920-25 overnight support, with 3895 below.
Needs > 3950 to resume any upside
#185
Posted 02 March 2023 - 07:45 AM
AAII bulls ticked up a smidge to 23.4. Bears jumped 6 to 44.8%, highest since Christmas and up from 25 just 3 weeks ago.
https://t.co/k86Sqvo6Rn
#186
Posted 02 March 2023 - 08:19 AM
WILL CONTINUE CLOSING SHORTS
Holger Zschaepitz (@Schuldensuehner) tweeted at 9:11 AM on Thu, Mar 02, 2023:
More nasty inflation data. Eurozone #inflation slowed to 8.5% in Feb BUT exceeded 8.3% median BBG estimate. Core inflation the key focus right now for policymakers quickened to 5.6% from 5.3%, a fresh ATH, reinforcing expectations that ECB will have to push rates ever
higher. https://t.co/DhYlZ9IZsh
#187
Posted 02 March 2023 - 08:20 AM
75% SURPRISE JOB REPORT
BULLISH if so
#188
Posted 02 March 2023 - 08:35 AM
#189
Posted 02 March 2023 - 08:53 AM
Morning, love it d were almost always on the same page!! Average long for me 3940 as I built it overnight. Interest rates around and above 4.00% put pressure on stocks but its offset are puts which are getting pricey! Should be another fun day of trading!!
#190
Posted 02 March 2023 - 09:46 AM
10 yr yield making new highs and so the stock market is pricing in for the higher rate.
Edited by redfoliage2, 02 March 2023 - 09:54 AM.