40 replies to this topic

[redfoliage2]

VIX and breadth data indicate that today's low may well be the low for a while  ........................

[redfoliage2]

Regarding the CPI out tomorrow it's likely lower .............................

[redfoliage2]

So I'd expect a relief rally in bank sector tomorrow if CPI out lower ...................

Edited by redfoliage2, 13 March 2023 - 02:20 PM.

[redfoliage2]

CPI YOY falls to 6.0% from 6.4%, MOM falls to 0.4% from 0.5%.

[redfoliage2]

Time for a relief rally in the beaten down bank sector........................

Edited by redfoliage2, 14 March 2023 - 08:32 AM.

[redfoliage2]

VIX and breadth made a strong reversal today indicating a swing low was in ......................

[redfoliage2]

BTW, we are in the March quadruple witching week and just in case I'd be nimble  ................. 

Edited by redfoliage2, 14 March 2023 - 09:39 AM.

[redfoliage2]

SPX surged 50 points in the last hour before the close to completely recover from the mid-day dip upon this report: 

https://nypost.com/2023/03/14/russian-fighter-jet-forces-down-us-drone-after-collision-over-black-sea/ 

 

The rally is likely to continue tomorrow ................................

Edited by redfoliage2, 14 March 2023 - 03:26 PM.

[redfoliage2]

BTW, tomorrow's PPI likely down.

[redfoliage2]

BTW, we are in the March quadruple witching week and just in case I'd be nimble  ................. 

This is a news driven market and bears are having the advantage as more banks are reported having liquidity issues............................

https://www.investin...r-rises-3031255