202 replies to this topic

[dTraderB]

Will expiring ES JUNE break out above 4303?

BOFA CITING EPFR DATA: TECH FUNDS SEE FIRST WEEKLY OUTFLOW ($1.2 BLN) IN 8 WEEKS, FINANCIALS SEE 3RD STRAIGHT INFLOW ($600 MLN).

[dTraderB]

BOFA CITING EPFR DATA: STOCK FUNDS SEE SECOND WEEK OF INFLOWS ($7.7 BLN), THE STRONGEST TWO-WEEK INFLOW SINCE JANUARY.

BOFA CITING EPFR DATA: BOND FUNDS SEE $13.4 BLN INFLOW IN WEEK TO WEDNESDAY:

Will expiring ES JUNE break out above 4303?

BOFA CITING EPFR DATA: TECH FUNDS SEE FIRST WEEKLY OUTFLOW ($1.2 BLN) IN 8 WEEKS, FINANCIALS SEE 3RD STRAIGHT INFLOW ($600 MLN).

[dTraderB]

ES 4303 & 4315 resistance levels that should be taken out today

Adam Mancini (@AdamMancini4) tweeted at 3:47 PM on Thu, Jun 08, 2023:
As posted for 3 weeks, #ES_F is in a cycle of Mon-Wed weak, Thurs-Fri strength (with last 2 weeks seeing 100+ points each)

My 1st target today was 4288(hit) with 4304 2nd and almost here. Big res, but clearing starts next leg to 4317, 4343+. Trail stops up on longs now,risk free

[dTraderB]

Michael Santoli (@michaelsantoli) tweeted at 1:48 PM on Wed, Jun 07, 2023:
A very long overnight update from #MysteryBroker details why he remains negative on the market and continues to expect a recession: "Investors have been jumping the gun this year. They are too early trying to anticipate a recovery in the economy and corporate profits."

The #MysteryBroker lists 15 separate indicators or conditions now in place which he says have always preceded an official recession, many involving PMIs, yield curve, Leading Economic Indicators and various consumer and business confidence measures.

(https://twitter.com/...9181748226?s=03)

[dTraderB]

#MysteryBroker sums up:
Market in an "in-between phase." Had a bear market in 2022 based on higher interest rates, valuations. Market now "waiting for a recession and is becoming very impatient. The positive seasonals for the third year of an election cycle disappear after June."

Michael Santoli (@michaelsantoli) tweeted at 1:48 PM on Wed, Jun 07, 2023:
A very long overnight update from #MysteryBroker details why he remains negative on the market and continues to expect a recession: "Investors have been jumping the gun this year. They are too early trying to anticipate a recovery in the economy and corporate profits."

The #MysteryBroker lists 15 separate indicators or conditions now in place which he says have always preceded an official recession, many involving PMIs, yield curve, Leading Economic Indicators and various consumer and business confidence measures.

(https://twitter.com/...9181748226?s=03)

[dTraderB]

"Fed at centre stage
"Talk is cheap," said NAB strategist Rodrigo Catril, summing up sentiment among investors. "The market needs to see it to believe it."



Of course, the Federal Reserve is still the central bank at the centre of global attention, headlining a huge week for monetary policy next week when the ECB and Bank of Japan also meet.



Asian equities rode on Wall Street's rally overnight - setting up Europe to do the same - after a jump in U.S. jobless claims boosted bets for the Fed to skip a rate hike next week.



However, surprise rate rises this week from central banks in Canada and Australia - which were both early pausers - have many analysts warning that the market may have grown complacent."

[dTraderB]

Market has to breakout - with more participation - better breadth, or else the ST TOP is near, especially with FED week next

 

https://www.marketin...-highs-new-lows

[K Wave]

The great DAX battle for 16K rages on....still think this is a really big one for future direction....

 

Seeing first sign of possible bull fumble.....watch 15900...

 

Could still go either way...but bulls may be runnin' out of launch window......

 

[K Wave]

There is perhaps nothing more dangerous than a high base failed launch setup...

 

So...IF...this nearly perfect hourly launch setup on continuous Dax FAILS...En Garde

 

If it instead blasts off, then bears got problems...

 

[K Wave]

And with P/C where it is....still  powerful launch left in the tank???