78 replies to this topic

[dTraderB]

Jeffrey A. Hirsch (@AlmanacTrader) posted at 6:31 PM on Wed, Nov 29, 2023:
First Half December Weak Ahead of Mid-Month Pop
Then watch for our Santa Claus Rally, the 7 trading days from Dec 22 to Jan 3.
Remember Yale Hirschs now famous line:
If Santa Claus should fail to call, bears may come to Broad and Wall. https://t.co/O3MBSIFCtP https://t.co/DrUDljbi4j

While there is a seasonally weaker period in early DECEMBER the markets are still in BTFD mode ... hence, not fighting the tape in neither US or CHINA, HK, HSI etc.
Will add another NQ HEDGE LONG below 15870
and another ES HEDGE LONG below 4545

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Monday:
U.S. Oct factory goods orders
European Central Bank President Christine Lagarde speaks
U.S. Treasury auctions 3-, 6-month bills
U.S. corporate earnings: GitLab, RGC Resources, Fusion Fuel Green, Joann

[12SPX]

On vacation again this week but this time flew yesterday and for the first time ever lost a bag.  Usually only travel with just my pack but this time we decided to bring a suitcase so irritating!!  Interesting that the markets down this morning so getting on the plane I put a stop on and my 16005 short was taken out for a 30 point profit and somewhere in there got another sell at 16,000 which I just took profits on for another 40 points.  Interesting we're still down here but bond yields are backing up, bullishness is through the roof, even the chief is back and call options are through the roof.  Likely see some type of a pop at the open to get another short on but we'll see.  Anyhow posts will be sporadic this week but I wouldn't be surprised to see some type of pullback as we've gone to far to fast!!  

[dTraderB]

2 NQ & 1 ES

While there is a seasonally weaker period in early DECEMBER the markets are still in BTFD mode ... hence, not fighting the tape in neither US or CHINA, HK, HSI etc.
Will add another NQ HEDGE LONG below 15870
and another ES HEDGE LONG below 4545

[redfoliage2]

Buying dips should work and I just bought ES calls ..

Edited by redfoliage2, 04 December 2023 - 09:48 AM.

[redfoliage2]

This opening down gap likely to be filled soon as in a bull market a down gap always gets filled .

Edited by redfoliage2, 04 December 2023 - 10:14 AM.

[Keepingcool]

did K say he was taking a break?. Its been a while since he commentated the market and shared all his charts  

[linrom1]

Banks, RE and retail are holding up very well.

[redfoliage2]

This bull market just started in Nov 2023 and very unlikely it will stop right here.  We should see SPX 5000 next year ......................

Edited by redfoliage2, 04 December 2023 - 11:52 AM.

[redfoliage2]

This bull market just started in Nov 2023 and very unlikely it will stop right here.  We should see SPX 5000 next year ......................

In a bull market more dips buyers likely to step in later in the day ............................

Edited by redfoliage2, 04 December 2023 - 12:04 PM.