Shorts better cover now as PCE tomorrow should be better than expected....................
EOY FOMO FRENZY
#71
Posted 21 December 2023 - 02:20 PM
#72
Posted 21 December 2023 - 02:46 PM
Whew, putting up some Christmas lights and boom, ouch but nonetheless made 45 points profits and starting a new short build at 16900....
#73
Posted 21 December 2023 - 03:30 PM
Shorts better cover now as PCE tomorrow should be better than expected....................
VIX now dropped into negative. This is a classic bullish move as the market goes up late in the afternoon after back filling opening gap.....................
Edited by redfoliage2, 21 December 2023 - 03:39 PM.
#74
Posted 21 December 2023 - 04:03 PM
Well that was easy average short now 14925... be exciting to see what overnight looks like!!
#75
Posted 22 December 2023 - 06:18 AM
Will set limit orders to reopen lower
Holding 2 NQ & 3 ES HEDGE LONG
will be held over holidays unless ES trades above 4820ES 4773.5
Added ES HEDGE LONG 4809NQ HEDGE LONG 16980
HOLDING 2 ES & 1 NQ HEDGE LONG.... most likely until December 27th
#76
Posted 22 December 2023 - 06:19 AM
The longest string of weekly gains ahead of the Santa rally - gains in the week leading into Dec. 25 - was a five-week stretch in 2019.
Greasing the wheels of this rally is the biggest two-month drop in 10-year U.S. Treasury yields since 2008, which has created a theoretical sweet spot for stocks.
Inflation numbers later on Friday could give this year's Santa rally some extra sparkle, but they are unlikely to materially change the view that the Federal Reserve could cut interest rates down to 3.50-3.75% by the end of next year, from 5.25-5.50% right now."
#77
Posted 22 December 2023 - 06:20 AM
Key developments that should provide more direction to U.S. markets later on Friday:
November personal consumption and expenditure index
November building permits
University of Michigan December final sentiment
November new home sales
November durable goods orders
#78
Posted 22 December 2023 - 06:23 AM
HAPPY HOLIDAYS to all!
#79
Posted 22 December 2023 - 08:21 AM
Not surprised to see I got stopped out overnight for a 10 point profit at 16915 so going into the PCE number this morning I'm starting my short build at 16950, 4750 ES and agree with d even if we do remain up after it is 8 weeks in a row, this market is way overblown in every way and the fall the other day was just a warning shot in my view....
#80
Posted 22 December 2023 - 09:34 AM
NQ 17012.5
ES 4810.25
Holding 1 NQ & 2 ES HEDGE LONGS
Will close 1 NQ & 1 ES HEDGE LONG today.
Will set limit orders to reopen lowerHolding 2 NQ & 3 ES HEDGE LONG
will be held over holidays unless ES trades above 4820ES 4773.5
Added ES HEDGE LONG 4809NQ HEDGE LONG 16980
HOLDING 2 ES & 1 NQ HEDGE LONG.... most likely until December 27th