260 replies to this topic

[K Wave]

NVDA not really firing...but as long as above the 12:40 launch pivot, bulls still get benefit of doubt

 

 

 

[K Wave]

Bulls sill have one last chance on SOX...essentially they have to rocket launch tomorrow after the stick save candle.

 

But if they fail to climb back over 3040, and that spike low candle gets taken out, would likely be game over.

 

[K Wave]

Will be watching KRE closely tomorrow...

 

A gap up for Island bottom could be significant....as could taking out the swing lows

 

could be big clue here tomorrow...

 

[K Wave]

Still about 940 before 980 for bears on Utes...

 

[dTraderB]

Not liquidating LONGS this week
Not adding to 1 each ES & NQ HEDGE SHORT unless ES is above 4200 & NQ above 13600.

[redfoliage2]

What a bounce today, but I see this market is looking for trouble from the Fed .............................

[12SPX]

Going into this night session with a short at 4130, should be an interesting Friday for sure...

[dTraderB]

"The net result of the blizzard of incoming economic and earnings news, a stock market jump and the U.S. debt ceiling standoff has seen a sharp back-up in bond yields. Two-year U.S. Treasury yields are back above 4%, even though they're off Thursday's highs ahead of the U.S. market open today and next week's Federal Reserve policy decision.



Helped by the yen swoon, the dollar index is higher.



With the Fed meeting in view, the release of March PCE price inflation data later on Friday tops the diary. Big Oil tops the earnings calendar.



Wall St stock futures fell back 0.4% after a wild ride in Amazon.com shares overnight.



The stock initially jumped more than 10% after decent bottom-line earnings were released. But it reversed all of that after Chief Financial Officer Brian Olsavsky signaled its long lofty cloud computing growth would slow further as its business customers braced for turbulence.



Amazon was down about 2.5% ahead of Friday's open.



Intel attempted to keep tech appetite alive, however, and its shares rose 4% in out-of-hours trading after it flagged a second-half improvement in depressed gross margins.



Banking remained jittery. U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank's advisers have yet to reach a deal, according to Reuters sources."

[dTraderB]

FED will PAUSE for a few months. ECONOMY is not weak as yet but can quickly worsen. I cannot see the US ECONOMY SUFFERING 3 CONSECUTIVE QUARTERS OF NEGATIVE GDP. NO WAY.... unless the FED hikes rates AFTER THE MAY 25 bps bext week.

BSurveillance (@bsurveillance) tweeted at 6:46 AM on Fri, Apr 28, 2023:
Kamakshya Trivedi of Goldman Sachs doesn't see a different playbook among the global central banks. "Central banks want to pause or want to step down the pace of tightening they have been delivering."

https://t.co/tQp3uiuCSKhttps://t.co/YHwpdsgkNu

[K Wave]

One of the bigger upthrust spikes you are likely to see on AMZN all hours chart...