AZO monthly full bearish engulfing after the Hangin' Man showed up a few bars ago
Edited by K Wave, 31 May 2023 - 05:58 AM.
AI FRENZY - FED back in focus aftrr DEBT CEILING RALLY; SPX already above WALL ST forecasts
Started by
dTraderB
, May 30 2023 04:46 AM
143 replies to this topic
#31
K Wave
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Posted 31 May 2023 - 05:58 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
#32
K Wave
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Posted 31 May 2023 - 06:01 AM
DAX still trying to decide....big cherry on top just above 16K....or...launch from right about here and go take out the high....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#33
K Wave
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Posted 31 May 2023 - 06:04 AM
ORLY indicated down about $40...if this sticks...likely Game Over
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#34
K Wave
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Posted 31 May 2023 - 06:08 AM
Crude and Gas with some post Memorial Day blues...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#35
K Wave
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Posted 31 May 2023 - 06:11 AM
after failing to breakout over 1780 yesterday...next battle at 1760 raging on Rusty....if bulls lose this one as well, then bears may have something.
then we watch Apple for confirmation...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#36
dTraderB
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Posted 31 May 2023 - 06:16 AM
JOLTS data was always important but it is now also widely analyzed.
"Key developments that should provide more direction to U.S. markets later on Wednesday:
U.S. April JOLTS job openings data; May MNI Chicago purchasing managers survey, Dallas Fed May service sector survey.
Federal Reserve releases Beige Book of economic conditions
Federal Reserve Board Governor Philip Jefferson, Boston Fed President Susan Collins, Philadelphia Fed chief Patrick Harker speak; European Central Bank President Christine Lagarde speaks
House of Representatives likely to vote on bill to lift debt ceiling
U.S. corporate earnings: NetApp, Salesforce, Advance Auto Parts, Crowdstrike"
"Key developments that should provide more direction to U.S. markets later on Wednesday:
U.S. April JOLTS job openings data; May MNI Chicago purchasing managers survey, Dallas Fed May service sector survey.
Federal Reserve releases Beige Book of economic conditions
Federal Reserve Board Governor Philip Jefferson, Boston Fed President Susan Collins, Philadelphia Fed chief Patrick Harker speak; European Central Bank President Christine Lagarde speaks
House of Representatives likely to vote on bill to lift debt ceiling
U.S. corporate earnings: NetApp, Salesforce, Advance Auto Parts, Crowdstrike"
#37
K Wave
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Posted 31 May 2023 - 06:16 AM
Dow cash 4 hour....one big up day could still wipe out all of the bears hard work during month of May.
But if bears can get some more red to print from here, then perhaps the big wave finally rolls back over....
see how things look after "The Vote"
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#38
dTraderB
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Posted 31 May 2023 - 06:20 AM
LIMIT ORDER TO BUY NDVA @ 390
Now at 395
Buy more if it drops below 360
LT PORTFOLIO.
WILL SELL NDVA CALLS
Now at 395
Buy more if it drops below 360
LT PORTFOLIO.
WILL SELL NDVA CALLS
#39
dTraderB
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Posted 31 May 2023 - 06:23 AM
Nasdaq outperforming DOW but this should soon reverse. I think all major indices will drop in June & July. Will buy lots of IWM for Q4 rally
Dow cash 4 hour....one big up day could still wipe out all of the bears hard work during month of May.
But if bears can get some more red to print from here, then perhaps the big wave finally rolls back over....
see how things look after "The Vote"
#40
12SPX
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Posted 31 May 2023 - 07:38 AM
So exciting, didn't hit my buybacks overnight so going into the cash session with a profit stop at 4199 and will sell above as this is the last of the month and agree with d that June could be very interesting for the market!! Volatility still to low and bonds although down a bit remain high. Good news is that call options have eased a off a bit but puts are still way to cheap in my view!! Lets see how the last day of the month goes!!!
Edited by 12SPX, 31 May 2023 - 07:38 AM.
