-
S&P Futures
3,907.75+45.00(+1.16%) -
Dow Futures
32,185.00+267.00(+0.84%) -
Nasdaq Futures
12,000.25+160.00(+1.35%) -
Russell 2000 Futures
1,796.60+23.90(+1.35%) -
Crude Oil
77.22+0.54(+0.70%) -
Gold
1,886.30+19.10(+1.02%)

I posted yesterday Monday will be very bullish
#1
Posted 12 March 2023 - 06:04 PM
#2
Posted 12 March 2023 - 06:09 PM
yup, why I covered on Friday when JPM hit support....was obvious that PTB were not going to go down without a fight over the weekend...and you don't want to be short going into that scenario.
What happens after the bounce will be the tell....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3
Posted 12 March 2023 - 06:24 PM
What happens after the bounce will be the tell....
To that end, it will be very important if prices are able to close near their initial highs at the open or risk being ambushed again by Tuesday and Wednesday's inflation data. What we do know right now is that with the just announced parachute provided by the FED and the FDIC for depositors for both Silicon Valley and Signature Banks, their continued policy of raising interest rates remains intact for next week as foolish as it may seem to do so.
All part of the "it's not my fault" thinking that goes on in Washington.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#4
Posted 12 March 2023 - 06:37 PM
What happens after the bounce will be the tell....
To that end, it will be very important if prices are able to close near their initial highs at the open or risk being ambushed again by Tuesday and Wednesday's inflation data. What we do know right now is that with the just announced parachute provided by the FED and the FDIC for depositors for both Silicon Valley and Signature Banks, their continued policy of raising interest rates remains intact for next week as foolish as it may seem to do so.
All part of the "it's not my fault" thinking that goes on in Washington.
Fib
You are right, markets are vulnerable for more declines if inflation data remains high.
#5
Posted 12 March 2023 - 06:53 PM
Yep, Goverment FREE Handouts are Bullish short term, in this case the SVM Bail-in. It'll all cost everyone in the end.
#6
Posted 12 March 2023 - 08:21 PM
So stop the rate cuts? 8% is ok so 20% will be ok? If we never experience a correction of this madness , we will have to deal with a collapse. I guess its unavoidable now
Edited by skott, 12 March 2023 - 08:22 PM.
#7
Posted 12 March 2023 - 11:24 PM
Looking more bullish!
-
S&P Futures
3,929.75+67.00(+1.73%) -
Dow Futures
32,323.00+405.00(+1.27%) -
Nasdaq Futures
12,056.00+215.75(+1.82%) -
Russell 2000 Futures
1,806.50+33.80(+1.91%) -
Crude Oil
76.86+0.18(+0.23%)
#8
Posted 13 March 2023 - 08:13 AM
Alas, gave it all back and then some...
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#9
Posted 13 March 2023 - 08:13 AM
#10
Posted 13 March 2023 - 09:15 AM
Watch that pivot at 148 on Apple...if it gets busted...GAME OVER
Above 152, and bulls might still have some hope.
Tesla still falling like a rock after "The Signal" at 205
Edited by K Wave, 13 March 2023 - 09:16 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy