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BULLS vs POWELL & PAYROLLS


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#21 12SPX

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Posted 07 March 2023 - 10:20 AM

Out at 4020 for a nice fat 10 point profit even on holidays!! Back to the tournament now lol!!  



#22 redfoliage2

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Posted 07 March 2023 - 10:40 AM

Stock market under selling pressure as Powell testifying in the Congress, saying rates likely to go higher than previously anticipated .............................



#23 12SPX

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Posted 07 March 2023 - 10:54 AM

That's why really, interesting lol!!  Like there was a surprise there...



#24 redfoliage2

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Posted 07 March 2023 - 11:03 AM

VIX barely budged though, and I see the dip likely to be bought .......................



#25 linrom1

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Posted 07 March 2023 - 11:10 AM

In other news, retail XRT ETF  and 30-Year bond futes are up?



#26 pdx5

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Posted 07 March 2023 - 11:18 AM

Inflation is like metastasized cancer. Once it has spread through the system, it can not be cured quickly and painlessly. Now with higher rates, US Treasury will pay out record amounts interest to sell more bonds. In fiscal 2025 year, servicing the debt is projected to cost more than defense budget.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#27 redfoliage2

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Posted 07 March 2023 - 11:23 AM

VIX barely budged though, and I see the dip likely to be bought .......................

The bond market knows better - the 10 yr yield down today ...........................


Edited by redfoliage2, 07 March 2023 - 11:27 AM.


#28 linrom1

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Posted 07 March 2023 - 12:04 PM

Inflation is like metastasized cancer. Once it has spread through the system, it can not be cured quickly and painlessly. Now with higher rates, US Treasury will pay out record amounts interest to sell more bonds. In fiscal 2025 year, servicing the debt is projected to cost more than defense budget.

Can you believe the number of experts that said that once COVID stimulus runs out, there is going to be financial cliff dive and inflation will turn into deflation.


Edited by linrom1, 07 March 2023 - 12:09 PM.


#29 linrom1

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Posted 07 March 2023 - 12:07 PM

Bought some US notes with 1-year maturity. One has to generate 20% return with margin to break even with that.


Edited by linrom1, 07 March 2023 - 12:08 PM.


#30 dTraderB

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Posted 07 March 2023 - 01:31 PM

I am closing shorts
Targets reached

Gosh what a surprise, not....lol. Profit stop 4025....