Dude. Forget the FED, forget China. Forget politics. Forget wars. MONEY was printed and it is going to the hottest thing (whatever it is). Now it is AI. Wanna fight it?
BULLS again escaped - CHINA dragging diwn global economy, markets
Started by
dTraderB
, Aug 27 2023 08:30 AM
372 replies to this topic
#32
redfoliage2
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Posted 28 August 2023 - 09:00 AM
If today's opening gap stays we should see SPX 4450 soon ......................
Edited by redfoliage2, 28 August 2023 - 09:00 AM.
#33
linrom1
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Posted 28 August 2023 - 09:04 AM
If TSM can go up from here, it's going to very bullish for global markets.
#34
dTraderB
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Posted 28 August 2023 - 09:07 AM
"The S&P 500 has yet to see back-to-back gains in August.
If it fails to do so by Friday, it will be the first month without two consecutive positive sessions since 2010!"
If it fails to do so by Friday, it will be the first month without two consecutive positive sessions since 2010!"
#35
dTraderB
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Posted 28 August 2023 - 09:08 AM
BUSY DATA WEEK
CHINA PMI also
Monday: Dallas Fed Manufacturing Index
Tuesday: Case-Shiller home prices, House Price Index, JOLTs, CB Consumer Confidence
Wednesday: ADP employment change, retail/wholesale inventories, corporate profits, GDP (revision), balance of trade, pending home sales
Thursday: Personal income/spending, PCE Price Index, jobless claims, Chicago PMI
Friday: Non-farm payrolls, unemployment rate, average hourly earnings, S&P Global Manufacturing PMI, ISM manufacturing PMI
CHINA PMI also
Monday: Dallas Fed Manufacturing Index
Tuesday: Case-Shiller home prices, House Price Index, JOLTs, CB Consumer Confidence
Wednesday: ADP employment change, retail/wholesale inventories, corporate profits, GDP (revision), balance of trade, pending home sales
Thursday: Personal income/spending, PCE Price Index, jobless claims, Chicago PMI
Friday: Non-farm payrolls, unemployment rate, average hourly earnings, S&P Global Manufacturing PMI, ISM manufacturing PMI
#36
RadioHead
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Posted 28 August 2023 - 09:12 AM
Mortgage rates were 3.5%. Now they are 7.5%. This sucks. Right? But here is a solution: Buy NVDA or any magnificent 7 stocks, wait a couple of days and buy any house you want.
#37
RadioHead
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Posted 28 August 2023 - 09:18 AM
Back in the 90s there was a phrase: Risk free rate is not US bonds, Risk free rate is NASDAQ 100. Instead of 5%, you get close to 100%. I know it can stop at some point, but so can US bonds. Your choice. Same risk!
#38
RadioHead
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Posted 28 August 2023 - 09:31 AM
Let me illustrate: Long QQQ 366.85. Risk free rate! Argue Gentlemen!
#39
redfoliage2
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Posted 28 August 2023 - 09:33 AM
If today's opening gap stays we should see SPX 4450 soon ......................
NYMO is moving into positive land - the market is on the cusp of a bullish trend reversal.........................
Edited by redfoliage2, 28 August 2023 - 09:38 AM.
#40
K Wave
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Posted 28 August 2023 - 09:58 AM
AAPL strugglin' to get off of 178..back under the after hours pivot lows could be a sign of trouble going forward.
Above 180, then 185 area becomes more likely
Edited by K Wave, 28 August 2023 - 09:58 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
