132 replies to this topic

[dTraderB]

Most likely.

Last Call (@LastCallCNBC) posted at 8:11 PM on Mon, Nov 13, 2023:
I think we could get something that could feel like a face ripper like we had in July, says @fundstrat's Tom Lee ahead of the October CPI report.

[dTraderB]

Agree.
Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) posted at 8:31 PM on Mon, Nov 13, 2023:
Great speaking with @SullyCNBC on @LastCallCNBC

- investors have become cautious into this Oct #CPI report set to be released Tuesday am 8:30am ET

So, a soft reading could lead to a strong upside equity rally

[dTraderB]

ES 4427.5

[dTraderB]

Clisr 4480

ES 4427.5

Edited by dTraderB, 14 November 2023 - 08:31 AM.

[dTraderB]

Wow!

[dTraderB]

Will be placing orders to add at least 5 SPY & QQQ PUTS each after 9:30am. Also UVXY CALLS. WILL CLOSE A FEW TLT CALLS above 90.

Will close more HK & CHINA LONGS.
WILL CLOSE USDYEN SHORTS ...

And also ALL CRUDE LONGS

[dTraderB]

CLOSED ALL ES & NQ HEDGE LINGS
Will reopen HEDGE LONGS below 4465 & NQ 15700

ES 4427.5

[dTraderB]

New position: QID LONG LIMIT BUY 12.10

[redfoliage2]

BTW, if CPI doing as expected tomorrow I'd expect SPX to go another leg higher.  I see the chance is pretty good for bulls  .........................

Now the market is in way over-bought conditions.................. 

Edited by redfoliage2, 14 November 2023 - 10:24 AM.

[redfoliage2]

The SPX 4500 target I called last week just reached.  Now we are likely to see some consolidation/profit taking here ..........................

Edited by redfoliage2, 14 November 2023 - 10:50 AM.