292 replies to this topic

[dTraderB]

Best way to trade in current environment.
Buy & hold for weeks or months not suitable for many stocks, ETFS

Buying dips and selling bounces should work well in this time window, great for day traders ................

[dTraderB]

Banking sector stil in trouble. A few more may go down by end of March.
Q1 earnings 3 weeks away, very impirtant, especially guidance

[dTraderB]

Helene Meisler (@hmeisler) tweeted at 7:03 AM on Tue, Mar 21, 2023:
Yesterday's equity put/call ratio was .50

[dTraderB]

Adam Mancini (@AdamMancini4) tweeted at 3:50 PM on Mon, Mar 20, 2023:
Closing update #ES_F: My target for today was 3977 and after clipping this morning, we spent the day basing here. Charging up for a big FOMC push. 3997-4k remains next up, then 4025. 3950 overnight support

Helene Meisler (@hmeisler) tweeted at 7:03 AM on Tue, Mar 21, 2023:
Yesterday's equity put/call ratio was .50

[redfoliage2]

The market is looking for a dovish Fed tomorrow.  We may see ES 4035 or SPX 4000 today .........................

Edited by redfoliage2, 21 March 2023 - 07:54 AM.

[redfoliage2]

BTW, SPX now back into bullish configuration - above the 200 dma and above the 2022 down trend line, pending for a breakout at SPX 4000  ..........................

Edited by redfoliage2, 21 March 2023 - 08:12 AM.

[redfoliage2]

Of course it depends on the Fed tomorrow .....................

[12SPX]

I'm back,,,, tired but back!!!  As I said mostly trading long last week and starting yesterday going short as calls are getting way to exuberant for this move especially as bonds are creeping back up, sticking to my 3.50-4.00 range for the grind to continue.  Think its hilarious this whole response to saving the banks but there is a good chance of it biting them in the {bleeeep} if it does continue to grow.  If one more goes that may be it for awhile for the sector.  Right now it's all joy though so we'll see.  Average short is 4001 now so we'll see what happens today.  It's back to tennis and after playing yesterday I'm exhausted lol!!  A lot of difference hiking and playing tennis lol, see how today goes and the market response as we approach the Fed's decision tomorrow to raise a .25%.  

[K Wave]

NASDAQ weaker today as FED decision on rates approach. FIRST REPUBLIC is the canary in the coalmine. JPM et al teying to save it but it looks hopeless.
 

If bulls gonna keep it going on Naz, then right about here where they need to step up....
 
any missteps could lead to disaster
 

 

And Naz keeps chuggin' along towards target zone....

 

new stop line at 12400 now

 

[redfoliage2]

BTW, SPX now back into bullish configuration - above the 200 dma and above the 2022 down trend line, pending for a breakout at SPX 4000  ..........................

If the Fed shows any dovishness the breakout is likely to take place tomorrow.  And I bet the Fed may blink tomorrow ...........................

Edited by redfoliage2, 21 March 2023 - 09:41 AM.