Out for 5 points, now hoping for a bit more of a pop to start selling once again as those bond yields just look ugly and bigger picture things don't look rosy. Interestingly, options are pretty neutral so far....
Relief Bounce... RUG PULL resumes...
#61
Posted 10 August 2023 - 01:25 PM
#62
Posted 10 August 2023 - 01:42 PM
Not getting that pop so much so starting my short build at 4490....
#63
Posted 10 August 2023 - 02:02 PM
Average short 4495 going into the final hour...
#64
Posted 10 August 2023 - 02:40 PM
So much fun, just putting on 4485 profit stop and taken out for a 10 point profit, sell higher....
#65
Posted 10 August 2023 - 08:46 PM
Hong Kong GDP (Q2)
India industrial production (June)
UK GDP (Q2, prelim)
#66
Posted 10 August 2023 - 08:48 PM
The loss of bullish momentum on Wall Street on Thursday as the session progressed and renewed 'bear steepening' of the U.S. yield curve will unnerve some investors.
The short end of the bond market was a bit more stable, reflecting the view that the Fed is done raising rates. Fed fund futures pricing shows a rate hike next month is off the table completely, and only a 20% chance of another hike by year-end.
Breakeven inflation rates fell too, generally backing up that dovish view. But the long end of the Treasury curve sold off pretty aggressively once again, and rising long-term yields will do little to support risk appetite, far less boost it."
Key developments that could provide more direction to markets on Friday:
Hong Kong GDP (Q2)
India industrial production (June)
UK GDP (Q2, prelim)
#67
Posted 10 August 2023 - 08:58 PM
This report felt good, but its definitely not a final grade. Its like the second test of the semester. We got a good grade. I mean, you gotta keep putting those up.
#68
Posted 10 August 2023 - 08:59 PM
Now it's a penny stock...
Chicago Fed Pres @Austan_Goolsbees reaction to CPI today: more, please.
This report felt good, but its definitely not a final grade. Its like the second test of the semester. We got a good grade. I mean, you gotta keep putting those up.
#69
Posted 11 August 2023 - 03:37 AM
#70
Posted 11 August 2023 - 05:16 AM