66 replies to this topic

[linrom1]

Another one "trash can stock", but they go ex-divident on 6/15 so it's best to wait.

[linrom1]

Wait until grains explode!

[linrom1]

Holy F full crack-up boom?

[dTraderB]

Closed NQ HEDGE LONG, GREAT TRADE!

NO HEDGES NOW
MAX RISK ON

BUT, will start to open new hedge longs below ES 4400

CLosed ES HEDGE LONG 4400
Will reopen on any spike down below 4370

Holding 1 NQ HEDGE LONG

CLosed NDVA
cLosed 1 NQ HEDGE LONG - HOLDING 1 NQ & 1 ES HEDGE LONG

WILL CLOSE ES HEDGE LONG above 4390 If traded TODAY

[dTraderB]

I am also looking for at least a ST REVERSAL today or tomorrow.

Dougie Kass (@DougKass) tweeted at 9:48 AM on Tue, Jun 13, 2023:
With S&P cash +30 handles in the early going here is why I made a (very) Ludacris Forecast (of a reversal day lower) on @realmoney
https://t.co/Ygg4jFbTeg @tomkeene @ferrotv @business @carlquintanilla

Closed NQ HEDGE LONG, GREAT TRADE!

NO HEDGES NOW
MAX RISK ON

BUT, will start to open new hedge longs below ES 4400

CLosed ES HEDGE LONG 4400
Will reopen on any spike down below 4370

Holding 1 NQ HEDGE LONG

CLosed NDVA
cLosed 1 NQ HEDGE LONG - HOLDING 1 NQ & 1 ES HEDGE LONG

WILL CLOSE ES HEDGE LONG above 4390 If traded TODAY

[dTraderB]

Looking for a pop after FED announcement and the a dip or plunge during & after POWELL'S presser

[dTraderB]

The Fed looks poised to pause
S&P 500 futures are up today as investors bet that the Fed will not change its prime lending rate, thanks to an array of unexpectedly positive economic data.

If the central bank moves as expected, it would break a streak of 10 consecutive rate increases, back to March of 2022 the Feds most aggressive pace since the 1980s. That said, many expect today to represent a pause, not a reversal, of a hawkish anti-inflation policy.

What Fed officials say may matter more than what they do. The central banks chair, Jay Powell, is expected to suggest at his post-meeting news conference today that he isnt done raising rates. Thats in part because the economy is still running hotter than expected: Yesterdays Consumer Price Index report put core inflation excluding energy and food prices well above the Feds 2 percent target.

We think Powell will deliver the message that they have more to do to bring inflation down, and that they are willing to do it, Andrew Patterson, a senior economist at Vanguard, told DealBook. Patterson believes that the Fed is planning at least one more rate increase this year.

(Some dont even think the Fed should pause: Mohamed El-Erian, the chief economic adviser at Allianz and a critic of the central bank's handling of inflation, argued this week that recent figures support another rate increase.)

Looking for a pop after FED announcement and the a dip or plunge during & after POWELL'S presser

[dTraderB]

PPI 8:30am

Key developments that should provide more direction to U.S. markets later on Wednesday:
U.S. MBA mortgage application data
U.S. producer price inflation figures for May
U.S. Federal Reserve decision

[dTraderB]

NQ 15114 HEDGE LONG
ADDED HANG SENG & BABA LONGS
Will add more HK & CHINESE LONGS

[12SPX]

It's my birthday today so not spending as much time on the market but gotta say I am in complete shock on these call option prices on how absurd they are.  You can sell daily options for incredible prices now wow!!  If anyone doesn't think people aren't extremely bullish you've got to be kidding.  Not a healthy advance at all!!  Anyhow added a little more to my September trade bringing it to an average short of 4375 now with this pop in anticipation of a perfect world and the Fed.  Saw a very interesting report from Campbell Harvey from Duke University.  I guess he invented something about the inversion curve in the bond market and he has now changed his tune on the economy now seeing a very hard landing because of the inversion as he didn't expect the Fed to keep raising rates after January and stopping now is  to late.  Should be interesting how it plays out.....