29 replies to this topic

[pdx5]

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[K Wave]

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....

[fib_1618]

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

[pdx5]

 

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.

[cycletimer]

Yep, Goverment FREE Handouts are Bullish short term, in this case the SVM Bail-in.  It'll all cost everyone in the end. 

[skott]

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.

[pdx5]

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%)
•  

[OEXCHAOS]

Alas, gave it all back and then some...

[pdx5]

Uh oh now market will open down

[K Wave]

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.