Jump to content



Photo

FF: "Bad news is again Bad" PULLBACK - then Dec/Jan rally


  • Please log in to reply
77 replies to this topic

#41 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 18,169 posts

Posted 21 November 2023 - 02:27 PM

 

BTW, the market is waiting for the Fed meeting minutes out at 2 pm today.............................

Just a piece of outdated info as the recent inflation data out since the meeting indicate inflation firmly on a down trend .......................

 

Just look at the Bond market reaction - 10 Y rate turned down sharply upon the meeting minutes.  Bond traders know better.  So It's likely there will be no rate hikes at the Dec meeting ...............


Edited by redfoliage2, 21 November 2023 - 02:37 PM.


#42 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,162 posts

Posted 21 November 2023 - 02:28 PM

Added another PUT back above 500
2 each CALLS & PUTS

2 CALLS
Down to 494
Will add a 3rd CALL bekow 490

NVDA below 500... will buy 1 0r 2 CALLS if filled

Filled.

Missed that FILL at the HIGH today. But, it could rally before 4pm.

Limit order to buy 1 NVDA PUT.
495 now, should be filled near 500

NVDA earnings tomorrow. Will start a LONG STRANGKE today & complete ot tomorrow.


REUTERS:

Key developments that should provide more direction to U.S. markets later on Monday:
U.S. Oct leading indicator, Canada Oct inflation
Federal Reserve Bank of England Governor Andrew Bailey, Bank of France Governor Francois Villeroy de Galhau and Bank of Spain Governor Pablo Hernandez de Cos all speak
U.S. Treasury auctions 20-year bonds and 3-, 6-month bills
U.S. corporate earnings: Zoom, Agilent Technologies, Keysight Technologies, TechPrecision, Symbotic, Remark Holdings



#43 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 18,169 posts

Posted 21 November 2023 - 02:49 PM

 

 

BTW, the market is waiting for the Fed meeting minutes out at 2 pm today.............................

Just a piece of outdated info as the recent inflation data out since the meeting indicate inflation firmly on a down trend .......................

 

Now let's see what NVDA earnings report will bring after the market closes today.  Right now traders are looking cautious ahead of it ........................


Edited by redfoliage2, 21 November 2023 - 02:57 PM.


#44 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 18,169 posts

Posted 21 November 2023 - 03:10 PM

Just another day of consolidation at highs before reaching SPX 4600 ............................

It looks just a few days away regardless  ..........................


Edited by redfoliage2, 21 November 2023 - 03:11 PM.


#45 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,162 posts

Posted 21 November 2023 - 04:33 PM

Want to close a few LONGSS after NVDA earnings but markets seem puzzled & slightly bearish. Coukd be the warning on lower CHINESE SALES...

#46 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 18,169 posts

Posted 21 November 2023 - 08:03 PM

 

 

 

BTW, the market is waiting for the Fed meeting minutes out at 2 pm today.............................

Just a piece of outdated info as the recent inflation data out since the meeting indicate inflation firmly on a down trend .......................

 

Now let's see what NVDA earnings report will bring after the market closes today.  Right now traders are looking cautious ahead of it ........................

 

NVDA presented a great report with third-quarter revenue a record $14.51 billion, up 41% from the previous quarter and up 279% from a year ago.  it also provided a strong outlook for the 4th quarter with a revenue of 20.00 billion.  I see this dip will be bought    ......................


Edited by redfoliage2, 21 November 2023 - 08:08 PM.


#47 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,162 posts

Posted 22 November 2023 - 06:03 AM

Good thread:
Longview Economics (@Lvieweconomics) posted at 10:41 AM on Tue, Nov 21, 2023:
We've now had 19 consecutive monthly contractions in the Conference Board leading index which is typically what happens just before recessions start

yet markets are priced for 'immaculate disinflation'...

Vinay Gupta (@guptavinay) posted at 7:54 PM on Tue, Nov 21, 2023:
a) historically this indicator hasn't consistently lead a recession and in several cases was coincident, but
B) all last 8 periods of contractions have coincided with recessions so the current phase has been unlike the past,
c) there's never been a 19-mo lag between the index
(https://x.com/guptav...0472154554?s=03)

https://t.co/4mDaRUvBmT
(https://x.com/Lviewe...5704724504?s=03)

#48 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,162 posts

Posted 22 November 2023 - 06:05 AM

Will do this before getting away for a 4-day
R&R

Want to close a few LONGSS after NVDA earnings but markets seem puzzled & slightly bearish. Coukd be the warning on lower CHINESE SALES...



#49 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,162 posts

Posted 22 November 2023 - 06:07 AM

Should spike above 200 this week.
https://www.mcoscill...t_breadth_data/

#50 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,162 posts

Posted 22 November 2023 - 06:09 AM

https://www.mcoscill...t_breadth_data/

Should spike above 200 this week.
https://www.mcoscill...t_breadth_data/