202 replies to this topic

[dTraderB]

US MARKETS in tight range, coiling, ready to explode or implode. Trading the ASIAN markets more than before, VST SHORTING NIKKEI, and scalping LONGS in HSI. Will also trade NIKKEI LONGS but after pullbacks.

[dTraderB]

Added only 3 SHORT positions yesterday. Mainly trading NQ & CRUDE, closed NVDA Short, now holding 2 CALLS.
PATIENCE IS VIRTUE in life generally, and trading ... so I am exhibiting tons of patience, with extra lot in NQ LONG daytrades

[dTraderB]

Adam Mancini (@AdamMancini4) tweeted at 8:05 AM on Wed, Jun 07, 2023:
Yesterday, my target for ES was 4288 and we hit it then spent the day basing under it. After last weeks 130 point rally, #ES_F is now flagging since Friday

Plan today: 4288-84=support. As long as above it; 4303, remain 4315-17 next up. 4284 fails, ES starts a dip to 4274, 4261

[dTraderB]

"Wall St's 'fear index', the VIX gauge of implied S&P500 equity volatility, closed below 14 on Tuesday for the first time since February 2020 - more than 5 points below its 33 year average. The S&P500 eked another closing high for the year, with 2023's tech-led gains seemingly broadening out to a outperforming small cap Russell 2000 that gained 2.7%."

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Wednesday:
Bank of Canada key policy interest rate announcement

U.S. April trade balance. Federal Reserve issues Consumer Credit report for April
Britain's Prime Minister Rishi Sunak travels to Washington to meet with U.S. President Joe Biden
U.S. corporate earnings: Campbell Soup, Brown-Forman

"Wall St's 'fear index', the VIX gauge of implied S&P500 equity volatility, closed below 14 on Tuesday for the first time since February 2020 - more than 5 points below its 33 year average. The S&P500 eked another closing high for the year, with 2023's tech-led gains seemingly broadening out to a outperforming small cap Russell 2000 that gained 2.7%."

[dTraderB]

WSJ: Treasurys $1 Trillion Debt Deluge Threatens Market Calm

Investors are bracing for a flood of more than $1 trillion of Treasury bills in the wake of the debt-ceiling fight, potentially sparking a new bout of volatility in financial markets.

Some on Wall Street fear that bond issuance that was shelved until a debt-ceiling deal was passed will overwhelm buyers, jolting markets and raising short-term borrowing costs. Roughly $850 billion of bond sales are expected between now and the end of September, according to JPMorgan analysts.

Few expect major upheaval, but many worry about the potential for unforeseen problems in the financial plumbingwhere trillions of dollars worth of transactions occur dailythat could send tremors throughout markets. Many remember how money-market rates skyrocketed in 2019 during a period of low liquidity, necessitating intervention by the Federal Reserve.

When you dump a tremendous amount of debt into the market, it causes dislocation, said Jon Maier, chief investment officer of Global X, an exchange-traded fund provider. Investors are underestimating that

[12SPX]

Another flat day in this raging bull market about to come lol.  A true bull market or bear for that matter stair steps its way up and down or what I prefer to say is a healthy market and this one is not.  Call premium remains huge and I've noticed that even the September futures have an even bigger gap above cash then Junes did which is interesting making those July calls looking very juicy too sell lol!! 

[K Wave]

"Wall St's 'fear index', the VIX gauge of implied S&P500 equity volatility, closed below 14 on Tuesday for the first time since February 2020 - more than 5 points below its 33 year average. The S&P500 eked another closing high for the year, with 2023's tech-led gains seemingly broadening out to a outperforming small cap Russell 2000 that gained 2.7%."

Getting close to big low on UVXY???

 

Pretty extended on this log chart.....

 

No buy signal just yet, but could come at any time now....

 

[dTraderB]

Will sell NVDA CALL

[K Wave]

270 looking big on META still...

 

Breaks from vertical rising wedgies can be swift