Adam Mancini (@AdamMancini4) tweeted at 3:48 PM on Mon, May 08, 2023:
Closing update #ES_F:
Consolidation day to setup the next trend move, and very nice defense of 4138-40 support posted this morning.
4180+ remains target, with sell only if 4138-40 fails.
MARKETS BULLISH, but I am " SELL IN MAY" MODE...BUFFET BEARISH?
Started by
dTraderB
, May 07 2023 04:32 PM
250 replies to this topic
#52
dTraderB
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Posted 08 May 2023 - 07:25 PM
Adam Mancini (@AdamMancini4) tweeted at 3:48 PM on Mon, May 08, 2023:
Closing update #ES_F:
Consolidation day to setup the next trend move, and very nice defense of 4138-40 support posted this morning.
4180+ remains target, with sell only if 4138-40 fails.
Closing update #ES_F:
Consolidation day to setup the next trend move, and very nice defense of 4138-40 support posted this morning.
4180+ remains target, with sell only if 4138-40 fails.
#53
K Wave
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Posted 08 May 2023 - 09:57 PM
"US 1mth yield has jumped to 5.36%, highest level since 2001"
Will buy some tomorrow, this is a great return. Markets chopping & consolidating before next breakout - up or down. I think DOWN. Very low volume & tight range today, with lowest amount of trades since... maybe December 2022. But do not be fooled by this market behavior because it can & will move rapidly when it breaks out.
Holger Zschaepitz (@Schuldensuehner) tweeted at 6:18 PM on Mon, May 08, 2023:
Bill Gross says buy T-Bills amid ridiculous debt ceiling issue. Says debt ceiling standoffs like this are always resolved. US 1mth yield has jumped to 5.36%, highest level since 2001. https://t.co/yWkZ9VD8uYhttps://t.co/HsONjya0PK
Now 5.5...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#54
K Wave
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Posted 08 May 2023 - 10:00 PM
hourly Rusty looking like either bears get a good grip on it overnight/early AM....or bulls may be about to fight back
A foothold that sticks above the hourly line probably No Bueno for Bears
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#55
K Wave
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Posted 08 May 2023 - 10:02 PM
15 min look....just about decision time
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#56
K Wave
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Posted 08 May 2023 - 10:03 PM
1 min look...again...just about decision time...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#57
pdx5
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I want return OF my money more than return ON my money
Posted 08 May 2023 - 10:58 PM
5.36% taxable return. Depending on your tax bracket ,that is about 4.5% give or take.
But money is losing value at higher rate than 4.5%
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#58
dTraderB
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Posted 09 May 2023 - 06:01 AM
ES trapped below the strong 4138-40 zone for the past 2 1/2 hours. Plunged below it but now remains there, several feeble attempts to rise above it.... maybe another attempt or 2 but if it fails again then another plunge ....
Adam Mancini (@AdamMancini4) tweeted at 3:48 PM on Mon, May 08, 2023:
Closing update #ES_F:
Consolidation day to setup the next trend move, and very nice defense of 4138-40 support posted this morning.
4180+ remains target, with sell only if 4138-40 fails.
Edited by dTraderB, 09 May 2023 - 06:02 AM.
#59
dTraderB
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Posted 09 May 2023 - 06:03 AM
Events to watch for on Tuesday:
U.S. April NFIB small business survey
U.S. President Joe Biden meets Republican House of Representatives Speaker Kevin McCarthy, Senate Majority Leader Chuck Schumer and top Senate Republican Mitch McConnell on debt ceiling impasse
U.S. Federal Reserve Board Governor Philip Jefferson and New York Fed President John Williams speak. European Central Bank board member Isabel Schnabel speaks
U.S. Treasury auctions 3-year notes
U.S. corp earnings: Airbnb, Rivian, Wynn resorts, Duke Energy, Fox, Western Digital, Axon, Waters, Occidental Petroleum, Jacobs Solutions, Henry Schein, Electronic Arts, Celanese, TransDignCatalent, Akamai, Air Products and Chemicals
U.S. April NFIB small business survey
U.S. President Joe Biden meets Republican House of Representatives Speaker Kevin McCarthy, Senate Majority Leader Chuck Schumer and top Senate Republican Mitch McConnell on debt ceiling impasse
U.S. Federal Reserve Board Governor Philip Jefferson and New York Fed President John Williams speak. European Central Bank board member Isabel Schnabel speaks
U.S. Treasury auctions 3-year notes
U.S. corp earnings: Airbnb, Rivian, Wynn resorts, Duke Energy, Fox, Western Digital, Axon, Waters, Occidental Petroleum, Jacobs Solutions, Henry Schein, Electronic Arts, Celanese, TransDignCatalent, Akamai, Air Products and Chemicals
#60
12SPX
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Posted 09 May 2023 - 07:29 AM
Gonna be fun today, profit stop set at 4145, let the games begin with the reaction!!!
