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BULLS vs POWELL & PAYROLLS


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#1 dTraderB

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Posted 05 March 2023 - 05:36 PM

Closed LONGS on Friday & started new SPY & QQQ PUT positions
6 each, will add above Friday's HIGH

POWELL & PAYROLLS will pose strong for the BULLS.

My FF is a flat to DOWN week

#2 dTraderB

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Posted 05 March 2023 - 05:41 PM

"Fortunately, the bulls stepped in to rally the markets off that 200-DMA support, keeping the rising trend intact. However, the rally is now challenging existing resistance at the 20-DMA, but the previous highs around 4200 are the most logical target currently. Importantly the MACD sell signal, which warned of the recent correction, is beginning to reverse. However, that reversal occurs midway through regular oscillation, suggesting that the upside is somewhat limited.

Forward Earnings, Forward Earnings Remain At Risk, Along With Valuations
While the MACD signal starts to turn, it can fail when our MoneyFlow indicator does not confirm the turn. Such is the case currently, but next weeks action will provide a more definitive outlook. The MoneyFlow indicator is near its cycle lows, similar to what we saw when the MACD turned positive at the December lows.

Forward Earnings, Forward Earnings Remain At Risk, Along With Valuations
As such, we recommend selling any rally next week approaching the 4200, which is now essential resistance."

https://realinvestme...ith-valuations/

#3 dTraderB

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Posted 05 March 2023 - 05:46 PM

A bear!
xTrends (@xtrends) tweeted at 3:59 PM on Fri, Mar 03, 2023:
Beautiful bear market rally.

I turned bearish at SPX 4200 and I remain bearish.

We are in the slow section of the major leg to 3200 imo...

Acceleration comes below 3900
(https://twitter.com/...8836011008?s=03)

#4 dTraderB

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Posted 05 March 2023 - 05:49 PM

https://www.mcoscill..._to_take_a_hit/

#5 pdx5

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Posted 05 March 2023 - 11:23 PM

 
Beautiful bear market rally.

 

Yes she was very beautiful bear market rally.

I need her phone number purebs.gif


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 dTraderB

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Posted 06 March 2023 - 05:30 AM

Bearish drums beating...

Jonathan Ferro (@FerroTV) tweeted at 6:21 AM on Mon, Mar 06, 2023:
Morning Note:

-Modest 5% China growth target
-Mary Daly says higher for longer
-Herro exits Credit Suisse stake https://t.co/8yL8MmSURD

 
Beautiful bear market rally.

 

Yes she was very beautiful bear market rally.
I need her phone number purebs.gif


#7 dTraderB

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Posted 06 March 2023 - 05:39 AM

Jonathan Ferro (@FerroTV) tweeted at 6:11 AM on Mon, Mar 06, 2023:
"Do not trade as if we're in a bear market, because we are not. The recent reset of Fed Funds expectations helped create the set-up for the bounce from Thursday's intraday SPX low of 3928. We believe the bounce has room"

Wells Fargo's Chris Harvey

#8 dTraderB

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Posted 06 March 2023 - 05:47 AM

"Our core view is that the current activity upswing, helped by the falling gas prices in Europe and by China reopening, is unlikely to develop into a fully fledged acceleration in 2H... We advise to use the Q1 strength in order to reduce exposure"

JPMorgan's Mislav Matejka

Jonathan Ferro (@FerroTV) tweeted at 6:11 AM on Mon, Mar 06, 2023:
"Do not trade as if we're in a bear market, because we are not. The recent reset of Fed Funds expectations helped create the set-up for the bounce from Thursday's intraday SPX low of 3928. We believe the bounce has room"

Wells Fargo's Chris Harvey



#9 dTraderB

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Posted 06 March 2023 - 05:48 AM

"We remain in the camp that good growth is good for stocks... Citi US Economics expects 255k payrolls, 0.4% AHE and Chair Powell to leave all options open but indicate a preference for 25bp hikes. That mix would be a net modest positive for equities"

Citi's Stuart Kaiser

"Our core view is that the current activity upswing, helped by the falling gas prices in Europe and by China reopening, is unlikely to develop into a fully fledged acceleration in 2H... We advise to use the Q1 strength in order to reduce exposure"

JPMorgan's Mislav Matejka

Jonathan Ferro (@FerroTV) tweeted at 6:11 AM on Mon, Mar 06, 2023:
"Do not trade as if we're in a bear market, because we are not. The recent reset of Fed Funds expectations helped create the set-up for the bounce from Thursday's intraday SPX low of 3928. We believe the bounce has room"

Wells Fargo's Chris Harvey



#10 dTraderB

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Posted 06 March 2023 - 07:55 AM

A bear capitulates!
Helene Meisler (@hmeisler) tweeted at 8:51 AM on Mon, Mar 06, 2023:
Morgan Stanley strategist Michael Wilson pivots on the short-term outlook for US stocks, saying the rally may have room to run
https://t.co/7Vz9fGQxdFvia @markets