This dip very likely to be bought tomorrow .....................
Interesting - VIX didn't budge while market going down. ..........................
Edited by redfoliage2, 06 December 2023 - 04:08 PM.
DOVISH FED, SEASONALITY favor BULLS
Started by
dTraderB
, Dec 03 2023 05:44 PM
78 replies to this topic
#51
redfoliage2
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Posted 06 December 2023 - 04:06 PM
#52
redfoliage2
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Posted 06 December 2023 - 04:20 PM
The culprit for today's selling in the stock market is likely the down grading of Chinese banks ........................
Edited by redfoliage2, 06 December 2023 - 04:28 PM.
#53
dTraderB
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Posted 06 December 2023 - 07:45 PM
BAD NEWS is now BAD?
"The slide in yields, oil and rate expectations on Wednesday, in some cases to multi-month lows, is increasingly being driven by worries over the U.S. economic outlook.
Figures this week show that the U.S. labor market is softening, intensifying the spotlight on November's non-farm payroll report to be released on Friday..."
Key developments that could provide more direction to ASIAN markets on Thursday:
China trade (November)
China FX reserves (November)
Thailand CPI inflation (November)
Figures this week show that the U.S. labor market is softening, intensifying the spotlight on November's non-farm payroll report to be released on Friday.
"The slide in yields, oil and rate expectations on Wednesday, in some cases to multi-month lows, is increasingly being driven by worries over the U.S. economic outlook.
Figures this week show that the U.S. labor market is softening, intensifying the spotlight on November's non-farm payroll report to be released on Friday..."
Key developments that could provide more direction to ASIAN markets on Thursday:
China trade (November)
China FX reserves (November)
Thailand CPI inflation (November)
Figures this week show that the U.S. labor market is softening, intensifying the spotlight on November's non-farm payroll report to be released on Friday.
#54
dTraderB
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Posted 06 December 2023 - 07:52 PM
ADAM: "..As a result of this 450+ point rally, ES has been in hangover mode since November 20th, stuck in one of the most resilient ranges of 2023. As I wrote yesterday We remain in pure chop 4550-56 to 4575-80. ES has tested support of this zone 30 times and held. On the other side of it, ES has attempted 5 breakouts of the zone since November 20th, which all faded.
...ES is having difficulty committing to moves not only because it is basing after a 450+ point rally, but also because there are huge data catalysts incoming. Within the next 5 days, we have NFP, CPI, and FOMC. The three biggest catalysts for ES - back to back..."
...ES is having difficulty committing to moves not only because it is basing after a 450+ point rally, but also because there are huge data catalysts incoming. Within the next 5 days, we have NFP, CPI, and FOMC. The three biggest catalysts for ES - back to back..."
#55
dTraderB
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Posted 07 December 2023 - 07:35 AM
BARRON'S: Jamie Dimon Wants to Kill Off Bitcoin, Buffett Hates It. Why Its Invincible.
It wouldnt be a proper Bitcoin rally without some of cryptos most high-profile naysayers going on the attack, would it?
JPMorgan CEO Jamie Dimon did just that Wednesday, urging Congress to close it down when asked how to tackle cryptos uses for illegal activity.
Unfortunately for Dimon, and perhaps others, its very much here to stay. Crypto assets have proved they are capable of bouncing back from everything thrown at themthe collapse of FTX and conviction of its founder Sam Bankman-Fried, Binances record $4.3 billion fine for money laundering violations, intense regulatory scrutiny, and all the rest.
It wouldnt be a proper Bitcoin rally without some of cryptos most high-profile naysayers going on the attack, would it?
JPMorgan CEO Jamie Dimon did just that Wednesday, urging Congress to close it down when asked how to tackle cryptos uses for illegal activity.
Unfortunately for Dimon, and perhaps others, its very much here to stay. Crypto assets have proved they are capable of bouncing back from everything thrown at themthe collapse of FTX and conviction of its founder Sam Bankman-Fried, Binances record $4.3 billion fine for money laundering violations, intense regulatory scrutiny, and all the rest.
#56
dTraderB
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Posted 07 December 2023 - 07:36 AM
REUTERS: Plunging yields, oil checked amid BOJ jolt
Plummeting bond yields and oil prices clawed back some of the week's dramatic falls on Thursday, while a burst of speculation about a Bank of Japan policy tightening this month cut across the interest rate optimism and catapulted the yen higher.
The size and slightly erratic nature of this week's macro market moves may speak a little to yearend markets both squaring off books and jockeying for position for 2024.
But a stream of softer labor market and inflation news - not least an oil price plunge to 6-month lows on booming U.S. crude supplies - has been relentlessly positive for bonds along with clear signs of central bank policy shifts going into next year.
Plummeting bond yields and oil prices clawed back some of the week's dramatic falls on Thursday, while a burst of speculation about a Bank of Japan policy tightening this month cut across the interest rate optimism and catapulted the yen higher.
The size and slightly erratic nature of this week's macro market moves may speak a little to yearend markets both squaring off books and jockeying for position for 2024.
But a stream of softer labor market and inflation news - not least an oil price plunge to 6-month lows on booming U.S. crude supplies - has been relentlessly positive for bonds along with clear signs of central bank policy shifts going into next year.
#57
dTraderB
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Posted 07 December 2023 - 07:37 AM
REUTERS: Plunging yields, oil checked amid BOJ jolt
Plummeting bond yields and oil prices clawed back some of the week's dramatic falls on Thursday, while a burst of speculation about a Bank of Japan policy tightening this month cut across the interest rate optimism and catapulted the yen higher.
The size and slightly erratic nature of this week's macro market moves may speak a little to yearend markets both squaring off books and jockeying for position for 2024.
But a stream of softer labor market and inflation news - not least an oil price plunge to 6-month lows on booming U.S. crude supplies - has been relentlessly positive for bonds along with clear signs of central bank policy shifts going into next year.
Plummeting bond yields and oil prices clawed back some of the week's dramatic falls on Thursday, while a burst of speculation about a Bank of Japan policy tightening this month cut across the interest rate optimism and catapulted the yen higher.
The size and slightly erratic nature of this week's macro market moves may speak a little to yearend markets both squaring off books and jockeying for position for 2024.
But a stream of softer labor market and inflation news - not least an oil price plunge to 6-month lows on booming U.S. crude supplies - has been relentlessly positive for bonds along with clear signs of central bank policy shifts going into next year.
#58
dTraderB
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Posted 07 December 2023 - 07:38 AM
REUTERS: Plunging yields, oil checked amid BOJ jolt
Plummeting bond yields and oil prices clawed back some of the week's dramatic falls on Thursday, while a burst of speculation about a Bank of Japan policy tightening this month cut across the interest rate optimism and catapulted the yen higher.
The size and slightly erratic nature of this week's macro market moves may speak a little to yearend markets both squaring off books and jockeying for position for 2024.
But a stream of softer labor market and inflation news - not least an oil price plunge to 6-month lows on booming U.S. crude supplies - has been relentlessly positive for bonds along with clear signs of central bank policy shifts going into next year.
Key developments that should provide more direction to U.S. markets later on Thursday:
U.S. November layoffs, weekly jobless claims. U.S. Oct consumer credit
Federal Reserve issues quarterly financial accounts of the United States. European Central Bank President Christine Lagarde attends euro group meeting of euro finance ministers in Brussels, focussed on 2024 budget plans
EU-China Summit in Beijing
U.S. Treasury auctions 4-week bills
U.S. corporate earnings: Broadcom, Cooper Companies, Lulumelon Athletica, Dollar General
Plummeting bond yields and oil prices clawed back some of the week's dramatic falls on Thursday, while a burst of speculation about a Bank of Japan policy tightening this month cut across the interest rate optimism and catapulted the yen higher.
The size and slightly erratic nature of this week's macro market moves may speak a little to yearend markets both squaring off books and jockeying for position for 2024.
But a stream of softer labor market and inflation news - not least an oil price plunge to 6-month lows on booming U.S. crude supplies - has been relentlessly positive for bonds along with clear signs of central bank policy shifts going into next year.
Key developments that should provide more direction to U.S. markets later on Thursday:
U.S. November layoffs, weekly jobless claims. U.S. Oct consumer credit
Federal Reserve issues quarterly financial accounts of the United States. European Central Bank President Christine Lagarde attends euro group meeting of euro finance ministers in Brussels, focussed on 2024 budget plans
EU-China Summit in Beijing
U.S. Treasury auctions 4-week bills
U.S. corporate earnings: Broadcom, Cooper Companies, Lulumelon Athletica, Dollar General
#59
redfoliage2
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Posted 07 December 2023 - 09:46 AM
As I said late yesterday this dip would be bought
Edited by redfoliage2, 07 December 2023 - 09:51 AM.
#60
redfoliage2
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Posted 07 December 2023 - 11:02 AM
ADAM: "..As a result of this 450+ point rally, ES has been in hangover mode since November 20th, stuck in one of the most resilient ranges of 2023. As I wrote yesterday We remain in pure chop 4550-56 to 4575-80. ES has tested support of this zone 30 times and held. On the other side of it, ES has attempted 5 breakouts of the zone since November 20th, which all faded.
...ES is having difficulty committing to moves not only because it is basing after a 450+ point rally, but also because there are huge data catalysts incoming. Within the next 5 days, we have NFP, CPI, and FOMC. The three biggest catalysts for ES - back to back..."
This range bound chopping is likely to be resolved on the Fed day, one way or the other. But before then I'd just buy dips and sell into bounces ......................
Edited by redfoliage2, 07 December 2023 - 11:06 AM.
