AI FRENZY - FED back in focus aftrr DEBT CEILING RALLY; SPX already above WALL ST forecasts
#1
Posted 30 May 2023 - 04:46 AM
Rising DOLLAR may bring down markets.
The AI frenzy may continue for another few months
Bad time to be a bear
#2
Posted 30 May 2023 - 04:49 AM
Holding TLT & UVXY CAĹLS, a few small holdings. Will be building a SHORT POSITION with more PUTS
#3
Posted 30 May 2023 - 04:54 AM
Or, will the 2023 BULL demolish all WALL ST SPX FORECASTS?
#4
Posted 30 May 2023 - 05:05 AM
McOsc still below zero
https://www.mcoscill...t_breadth_data/
ECB'S SIMKUS: I EXPECT A 25 BPS ECB RATE INCREASE IN JUNE AND JULY.
@dougkass in Barrons this weekend. @seabreezelp Up and Down Wall Street:
'The markets concentration of strength in just a few highfliers recalls the Nifty Fifty blue-chip era, according to Doug Kass, longtime friend of this column and head of Seabreeze Partners Management in Palm Beach, Fla. That preceded the brutal bear market of 1973-74.
Moreover, the current market violates one of the famous rules of investing from the legendary Bob Farrell, the former head of Merrill Lynchs market analysis, whom Kass often cites:
Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.' @tomkeene @lisaabramowicz1 @ferrotv @business @carlquintanilla @cnbc @ScottWapnerCNBC @pboockvar @cnbcfastmoney @riskreversal @guyadami @KeithMcCullough @threadreaderapp unroll
#5
Posted 30 May 2023 - 05:07 AM
xTrends (@xtrends) tweeted at 9:22 PM on Sat, May 27, 2023:
my position here
long USD, long Bonds, short SP500, short Gold
as debt ceiling thing out of the way, we should see downside acceleration this week as liquidity drained further
(https://twitter.com/...6292868096?s=03)
#6
Posted 30 May 2023 - 05:11 AM
Barron's (@barronsonline) tweeted at 6:07 AM on Tue, May 30, 2023:
If the stock hits $404.86 during the trading session, it will cross the trillion-dollar mark. https://t.co/2fnu8H6d3U
(https://twitter.com/...0128611332?s=03)
#7
Posted 30 May 2023 - 05:12 AM
Page 100 of the 2023 Almanac shows days after Memorial Day positive since 1980. But weakness has increased the last 22 years after Memorial Day. Day after Memorial Day DJIA & NAS down 6 of last 8, S&P down 7 of last 8. https://t.co/jOcilmCh6p
(https://twitter.com/...9123078147?s=03)
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XTRENDS also bearish:
xTrends (@xtrends) tweeted at 9:22 PM on Sat, May 27, 2023:
my position here
long USD, long Bonds, short SP500, short Gold
as debt ceiling thing out of the way, we should see downside acceleration this week as liquidity drained further
(https://twitter.com/...6292868096?s=03)[/quote]
#8
Posted 30 May 2023 - 07:54 AM
Big compression around 1780 on Rusty....if bulls end up winning, could be a big first step at corner turn....
and if not, then back under 1760 could be trouble....
Edited by K Wave, 30 May 2023 - 07:56 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#9
Posted 30 May 2023 - 08:01 AM
33200 area looking potentially big on Dow...
Bear failure to hold it could lead to trouble for them...
So If Rusty does bust upside, watch that level on Dow....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#10
Posted 30 May 2023 - 08:06 AM
Apple still climbing...ATH still in the gunsights until 173 busted...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy