143 replies to this topic

[dTraderB]

YEAH, IRRATIONAL EXUBERANCE !

"And so after completing three consecutive monthly gains for the first time since 2021, the S&P500 and Nasdaq surged to nine-month closing highs on Thursday. Stock futures pointed to further gains on Friday.



Wall St's "fear index" - the VIX gauge of implied equity volatility - hit its lowest level since November 2021 early on Friday.



The relief spread across world bourses, with MSCI's all-country stock index adding another 0.5% on Friday and even Hong Kong's beaten down Hang Seng bouncing back to record its best day in three months.



Reports that China is working on new measures to support the property market, after existing policies failed to sustain a rebound in the sector, helped the Hong Kong rally.

To the extent the dollar was bid by debt-ceiling stress and thoughts of another June Fed hike, then it's fallen back again too. "

[dTraderB]

Note McOSC now positive

Adam Mancini (@AdamMancini4) tweeted at 8:09 AM on Fri, Jun 02, 2023:
Yesterday, a textbook failed breakdown of 4190 setup the next leg. My target in #ES_F was 4240 as posted, where I was looking for basing before breakout. It hit, based, brokeout

Plan today: 4240-43 now support. As long as above, 4260,4267 next. 4240 fails, we dip to 4232, 4221

[dTraderB]

Tom McClellan (@McClellanOsc) tweeted at 9:15 PM on Wed, May 31, 2023:

Interesting point by David Rosenberg @EconguyRosie in this interview about "hours worked", which turns ahead of unemployment. Look at this chart, and try to find a decline as big as the current one (post Covid recovery) that did not bring on a recession.
https://t.co/Nw2sUFa5ed
(https://twitter.com/...6023176193?s=03)

Note McOSC now positive

Adam Mancini (@AdamMancini4) tweeted at 8:09 AM on Fri, Jun 02, 2023:
Yesterday, a textbook failed breakdown of 4190 setup the next leg. My target in #ES_F was 4240 as posted, where I was looking for basing before breakout. It hit, based, brokeout

Plan today: 4240-43 now support. As long as above, 4260,4267 next. 4240 fails, we dip to 4232, 4221

[dTraderB]

SURE! JPM will get good exit prices as tge late FOMO newbie LONGS jump into the market.

Carl Quintanilla (@carlquintanilla) tweeted at 6:51 AM on Fri, Jun 02, 2023:
JPMORGAN desk, on yesterdays rally:

.. limits are moving up .. hedges coming off .. were seeing underperforming core names get bought .. the most notable thing is no one is selling in size Trimming, yes. Shorting, barely. Exiting winning positions, absolutely not. $SPX

(https://twitter.com/...5918084099?s=03)

[dTraderB]

Helene Meisler (@hmeisler) tweeted at 5:39 PM on Thu, Jun 01, 2023:


Highest ISE call/put ratio (1.5) since late March 2022


(https://twitter.com/...1405199362?s=03)

[dTraderB]

Will open new AAPL & TESLA PUT positions

Too busy yesterday to do this, want at least 182 AAPL and 215 TESLA

[12SPX]

Love hearing all this bullishness while the S&P500 isn't even up .50% on the week lol!!  Yes were higher but in my view were still in the grind mode.  Added to my short at that nice even number bringing my average short to 4225 now.  Bonds haven't moved but are still high and volatility hitting new lows while calls are way overpriced!!  Gonna be an interesting end of the week with the employment report coming out in a few minutes.  Will be interesting to see if I'm adding to my short or not as the market could still move a bit higher as its barely up on the week lol!!

[K Wave]

Meanwhile. another week, another move towards the ATH in Japan after the massive bull flag breakout

 

[dTraderB]

Extremely VEARISH NFP REPORT

BUT I WANT THE MARKET TO RALLY... over ES 4300

[dTraderB]

I missed out on this massive rally

Meanwhile. another week, another move towards the ATH in Japan after the massive bull flag breakout