Markets Coiling: BUY/SELL the Breakout
#251
Posted 28 April 2023 - 10:47 AM
I still think next week will be bullish, especially the last 3 days.
Added only 2 AAPL PUTS, total 4. It topped quickly and then dropped. But it could make a new weekly & 2023 high later today.
#252
Posted 28 April 2023 - 10:49 AM
#253
Posted 28 April 2023 - 10:52 AM
Christophe Barraud (@C_Barraud) tweeted at 11:50 AM on Fri, Apr 28, 2023:
#FRC | First Republics Volatile Plunge Triggers Multiple Trading Halts - Bloomberg
https://t.co/urqHw0hXmN
First Republic END could stop this rally today or early next week but FED et al will get it done over the weekend.
#254
Posted 28 April 2023 - 01:27 PM
What the market has presented for the whole week just a typical EOM wrestling between two groups of MMs. All this mess will be gone Monday ..........................
Edited by redfoliage2, 28 April 2023 - 01:33 PM.
#255
Posted 28 April 2023 - 01:38 PM
.. The Fed has recently focused on Core Services ex-housing.
Todays print is an annualized rate of +2.8% .. one could argue the PCE inflation as Fed sees it, is essentially at target.
@fundstrat #PCE #FOMC https://t.co/aBrlsJ0tfZ
#256
Posted 28 April 2023 - 01:40 PM
Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) tweeted at 2:03 PM on Fri, Apr 28, 2023:
SPX 2023 and 2024 EPS estimates are now... rising.
$221, $247
https://t.co/OrXlLIW0H7
#257
Posted 28 April 2023 - 01:43 PM
Carl Quintanilla (@carlquintanilla) tweeted at 0:47 PM on Fri, Apr 28, 2023:
.. The Fed has recently focused on Core Services ex-housing.
Todays print is an annualized rate of +2.8% .. one could argue the PCE inflation as Fed sees it, is essentially at target.
@fundstrat #PCE #FOMC https://t.co/aBrlsJ0tfZ
So it means the Fed now closes its eyes on the materials inflation that is still way above the target?
Edited by redfoliage2, 28 April 2023 - 01:44 PM.
#258
Posted 28 April 2023 - 02:24 PM
I think this means that there is still no reason to cut the rates.
#259
Posted 28 April 2023 - 03:34 PM
Powell already said at the last meeting no rate cut this year, but again and again market hypesters used this wishful thinking to move the market though every time they got a slap in the face by the Fed, but it seemed the trick could work for a short while .............................
Edited by redfoliage2, 28 April 2023 - 03:44 PM.
#260
Posted 28 April 2023 - 03:48 PM
Powell already said at the last meeting no rate cut this year, but again and again market hypesters used this wishful thinking to move the market though every time they got a slap in the face by the Fed, but it seemed the trick could work for a short while .............................
Obviously it worked well this time. We just have to realize that this whole thing is just a special casino .................
Edited by redfoliage2, 28 April 2023 - 03:54 PM.