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Time runing out on BULLS - DEBT CEILING hanging over market


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#51 K Wave

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Posted 16 May 2023 - 10:50 AM

Apple seems tired...but NVDA and MSFT may still have just a bit more left.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#52 steadyquest

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Posted 16 May 2023 - 02:40 PM

Buy today to catch the dividend (1.5%) or buy at 97 to catch the bounce?

 

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#53 dTraderB

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Posted 16 May 2023 - 03:16 PM

ES 4150 LONG

During that BIDEN/MCCARTYHY session with BIDEN first saying he will shorten trop & Mccarthy saying NO DEFAULT

Markets could drip 200 ES points, stop loss hit, but I started a new LONG position

#54 dTraderB

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Posted 16 May 2023 - 03:18 PM

They appeared more optimistic than before
But a long way to go before a DEBT CEILING agreement

ES 4150 LONG

During that BIDEN/MCCARTYHY session with BIDEN first saying he will shorten trop & Mccarthy saying NO DEFAULT

Markets could drip 200 ES points, stop loss hit, but I started a new LONG position



#55 dTraderB

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Posted 17 May 2023 - 05:46 AM

...and more handwringing about the DEBT CEILING CRISIS...

Key developments that could influence markets on Wednesday:
Economic events: eurozone inflation data for April, France unemployment rate
Earnings: Target, Cisco, Tencent and Siemens

Edited by dTraderB, 17 May 2023 - 05:46 AM.


#56 dTraderB

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Posted 17 May 2023 - 06:03 AM

So what? SMALL CAPS have been crushed. Will start new IWM CALLS position, also 2 or 3 other small-cap ETFs

Longview Economics (@Lvieweconomics) tweeted at 5:16 AM on Wed, May 17, 2023:
The S&P500 is up 7.1% YTD as of yesterday's close, with 10 stocks driving all of these gains.

https://t.co/ixo0fqO467

#57 dTraderB

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Posted 17 May 2023 - 06:06 AM

BUT EUROPE looks weak:

Longview Economics (@Lvieweconomics) tweeted at 3:40 AM on Tue, May 16, 2023:
A sharp drop in UK payrolls according to this morning's number https://t.co/bJhdGvgn2R

Really weak industrial production number out of Europe this morning, driven predominantly by Germany.

#58 dTraderB

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Posted 17 May 2023 - 06:08 AM

NOT GOOD, especially since RECESSION has not yet started. Q2 GDP outlook looks positive.

Longview Economics (@Lvieweconomics) tweeted at 6:53 AM on Thu, May 11, 2023:
Share of credit card holders in the US falling into "serious delinquency".

Young people are struggling
https://t.co/veXInk1yT4


BUT EUROPE looks weak:

Longview Economics (@Lvieweconomics) tweeted at 3:40 AM on Tue, May 16, 2023:
A sharp drop in UK payrolls according to this morning's number https://t.co/bJhdGvgn2R

Really weak industrial production number out of Europe this morning, driven predominantly by Germany.



#59 K Wave

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Posted 17 May 2023 - 07:19 AM

Apple trying for the 172 breach pre-market...

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#60 K Wave

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Posted 17 May 2023 - 07:25 AM

So what? SMALL CAPS have been crushed. Will start new IWM CALLS position, also 2 or 3 other small-cap ETFs

Longview Economics (@Lvieweconomics) tweeted at 5:16 AM on Wed, May 17, 2023:
The S&P500 is up 7.1% YTD as of yesterday's close, with 10 stocks driving all of these gains.

https://t.co/ixo0fqO467

 

This almost never turns out well
 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy