92 replies to this topic

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Wednesday:
U.S. Dec consumer confidence, Nov existing home sales, Q3 current account
Chicago Federal Reserve President Austan Goolsbee; European Central Bank chief economist Philip Lane speaks; Bank of Canada meeting minutes.
U.S. treasury auctions 20-year bonds
European Union finance ministers hold teleconference to clinch deal on EU fiscal and debt rules
U.S. corporate earnings: Micron Technology, General Mills

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Wednesday:
U.S. Dec consumer confidence, Nov existing home sales, Q3 current account
Chicago Federal Reserve President Austan Goolsbee; European Central Bank chief economist Philip Lane speaks; Bank of Canada meeting minutes.
U.S. treasury auctions 20-year bonds
European Union finance ministers hold teleconference to clinch deal on EU fiscal and debt rules
U.S. corporate earnings: Micron Technology, General Mills

[12SPX]

Omg what happened, was there a terror attack on the Whitehouse and we have no government left, not that that would be a bad thing lol, was the new WTC taken down, the entirety of New York under water as global warming has caused the oceans all over the world to rise 3 feet over night????  The market is in the RED this morning, it can't be, normal markets do this!!

[redfoliage2]

This dip at the open likely to be bought with the opening down gap filled  ...........................

Edited by redfoliage2, 20 December 2023 - 09:52 AM.

[12SPX]

Okay,,,,I found out none of that happened, it appears people are doing something called "profit taking," I believed that used to happen a long long time ago....What is strange is that bond yields are still moving down so is weird, call option prices are way overpriced and bullish sentiment is through the roof with valuations at terrible levels so doesn't make any sense at all.  Think that the 20 year bond auction is going to move the market and maybe even consumer sentiment coming out soon. 

[redfoliage2]

This dip at the open likely to be bought with the opening down gap filled  ...........................

Gap just got filled.  It's a day traders market, buying dips and selling bounces are the way to go .................................

Edited by redfoliage2, 20 December 2023 - 10:14 AM.

[redfoliage2]

 

This dip at the open likely to be bought with the opening down gap filled  ...........................

Gap just got filled.  It's a day traders market, buying dips and selling bounces are the way to go .................................

 

But I'd be nimble as the market is at a crashing top .......................

Edited by redfoliage2, 20 December 2023 - 10:30 AM.

[redfoliage2]

 

 

This dip at the open likely to be bought with the opening down gap filled  ...........................

Gap just got filled.  It's a day traders market, buying dips and selling bounces are the way to go .................................

 

But I'd be nimble as the market is at a crashing top .......................

 

Should be better put it as "on a crashing plateau"..................... 

Edited by redfoliage2, 20 December 2023 - 10:45 AM.

[redfoliage2]

 

 

 

This dip at the open likely to be bought with the opening down gap filled  ...........................

Gap just got filled.  It's a day traders market, buying dips and selling bounces are the way to go .................................

 

But I'd be nimble as the market is at a crashing top .......................

 

Should be better put it as "on a crashing plateau"..................... 

 

Thanks to the bullish seasonality  .............................

[redfoliage2]

For the afternoon it's highly likely that bulls will play the same game of yesterday with a late day pushing up to secure another good up day  ......................

Edited by redfoliage2, 20 December 2023 - 11:47 AM.