Wild Week: OPEX, FED, CPI, BOJ, PBOC, ECB....
#11
Posted 11 June 2023 - 06:28 PM
#12
Posted 12 June 2023 - 06:56 AM
But, WILSON on a losing streak, WALL ST is a cruel judge, so WILSON on the edge, got to deliver or else he will be pushed over the cliff.
"Goldman pushes back against bearish Morgan Stanleys Mike Wilson with new 4,500 S&P 500 target"
#13
Posted 12 June 2023 - 07:05 AM
Auctions: U.S. bills, 3-yr bonds.
U.S. May Federal Budget
#14
Posted 12 June 2023 - 07:53 AM
Exciting start to the week with the market being up on no news with incredibly inflated call prices, massive September futures spread, overbought, high bond yields etc etc etc but yet the market is up. Hmmmmmm haven't we seen this before as everyone is moving into Hoperville for the perfect world. Sad part of this is that it will only take one little thing to upset the cart in a big way and the way the market is setting up it feels like this could be the week as d is mentioning in all of his great comments. Still short on my June 4250 short and building my September short at 4341. Gonna be a fun quadruple witch expiration cycle as were starting the week just below program numbers for this cycle for the upside.
#15
Posted 12 June 2023 - 09:36 AM
LARRY WILLIAMS:
Thanks for posting this. While L. Williams is a superb trader, he sounds to me like a person with an agenda that wants to sell you a narrative. The narrative that he is selling is that inflation has peaked and Fed better not raise rates becasue if they do, they have "some kind of other agenda."
When he shows his charts that markets perform very well when inflation peaks, he fails to mention that the reason for that is that rates are being cut. Will the Fed cut rates? Has inflation peaked or is it now permanent becasue of DEBT. Regardless -- inflation is good for Wall Street as It's the nominal growth that drives earnings despite unit growth declining. This is not 1970s.
He is likely positioned long for a bubble that he expects to happen when Fed cuts rates.
#16
Posted 12 June 2023 - 02:19 PM
cLosed 1 NQ HEDGE LONG - HOLDING 1 NQ & 1 ES HEDGE LONG
WILL CLOSE ES HEDGE LONG above 4390 If traded TODAY
#17
Posted 12 June 2023 - 02:20 PM
Edited by dTraderB, 12 June 2023 - 02:21 PM.
#18
Posted 12 June 2023 - 02:21 PM
big drop today
#19
Posted 12 June 2023 - 02:22 PM
#20
Posted 12 June 2023 - 02:59 PM
6 WTI CRUDE LONG
big drop today
I guess they're really are not expecting a recession. LOL.