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2023 Q4 EARNINGS, POLITICS, MIDEAST - Can BULLS resume rally?


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#11 dTraderB

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Posted 08 January 2024 - 05:08 AM

Will add BABA LONG below 71.5

Busy ASIAN market session.
Will add A50 LONG below 11k
and HSI LONG BELOW 16150



#12 dTraderB

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Posted 08 January 2024 - 07:16 AM

Closed 16472

NQ HEDGE LONG 16418.5
Holding 3 NQ & 2 ES

Will add ES below 4715



#13 dTraderB

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Posted 08 January 2024 - 08:24 AM

Closed ES HEDGE LONG 4737.5
Holding 2 NQ & 1 ES HEDGE LONG

Closed 16472

NQ HEDGE LONG 16418.5
Holding 3 NQ & 2 ES

Will add ES below 4715



#14 12SPX

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Posted 08 January 2024 - 08:53 AM

Thank goodness for option premium selling as this market is going nowhere fast lol!!  Didn't get either longs or shorts overnight to start the week so wait until the cash market open maybe to see where we go.  Market is holding up interestingly even with the 10-year over 4% now which is interesting but also isn't up very much.  Someone used to call this a grinding market,,,,who was that again,,, oh ya me,,, practically all year with a couple big rallies in between.  Think the real action won't start till we get into earnings hard core and the most important part of those I think is going to be what they think the future looks like as that will move the market for sure...



#15 12SPX

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Posted 08 January 2024 - 09:39 AM

Interesting, would have rather been long here but started a short build at 16525 and 4740, should be an interesting day!! 



#16 12SPX

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Posted 08 January 2024 - 10:02 AM

Hmmmmm, average sell now 4745 and 16545....



#17 redfoliage2

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Posted 08 January 2024 - 10:53 AM

I'd not expect this bounce to last ...........................


Edited by redfoliage2, 08 January 2024 - 11:01 AM.


#18 12SPX

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Posted 08 January 2024 - 10:55 AM

Actually wanted to be long today but oh well, average short 4750 and 15562....



#19 redfoliage2

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Posted 08 January 2024 - 12:20 PM

I'd not expect this bounce to last ...........................

Just a ST over sold bounce.  But at this juncture bounces like this one are more likely to be sold   ......................


Edited by redfoliage2, 08 January 2024 - 12:27 PM.


#20 dTraderB

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Posted 08 January 2024 - 12:39 PM

Wow! To da moon!

Nick Timiraos (@NickTimiraos) posted at 1:34 PM on Mon, Jan 08, 2024:
A few more tidbits from the New York Fed's consumer survey

Home price expectations are basically back to prepandemic levels

Households are looking a bit more optimistic about their personal financial situation

Credit availability is no longer seen to be getting worse https://t.co/SfDa4eYbjx
(https://x.com/NickTi...2549189779?s=03)