59 replies to this topic

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Thursday:
U.S. corporate earnings: Northern Trust, M&T Bank, Fastenal, Truist, KeyCorp, PPG, JB Hunt Transport
U.S. Dec housing starts/permits, Philadelphia Fed's Jan business survey, weekly jobless claims
Atlanta Federal Reserve President Raphael Bostic speaks
World Economic Forum in Davos - Swiss National Bank Chair Thomas Jordan, European Central Bank chief Christine Lagarde, Eurogroup President Paschal Donohoe and UK finance minister Jeremy Hunt are among the many speakers
U.S. Treasury auctions 10-year inflation-protected securities, 4-week bills

"The $8.8 Trillion Cash Pile That Has Stock-Market Bulls Salivating
By Eric Wallerstei
‏‏‎

Wall Street wants your money off the sidelines.

Edited by dTraderB, 18 January 2024 - 08:47 AM.

[dTraderB]

Closed NQ LONG 17050

HOLDING 1 EACH NQ & ES HEDGE LONG

BUY LIMIT ES 4740

ES 4758

Closed 4765.25

ES HEDGE LONG 4760.5

Closed ES 4767.5

Closed NDVA PUT

ES 4762 LONG
HOLDING 2 EACH NQ & ES

[dTraderB]

Will start new NDVA PUT with 1 PUT when NDVA os above 580

[dTraderB]

Added NQ HEDGE LONG 17010

Will start new NDVA PUT with 1 PUT when NDVA os above 580

[redfoliage2]

Monthly OpEx tomorrow, recent put buyers likely to take profit by selling their put positions late today or tomorrow morning that should push the market higher.  I see it's going to be more put selling tomorrow .........................

Edited by redfoliage2, 18 January 2024 - 01:45 PM.

[redfoliage2]

Monthly OpEx tomorrow, recent put buyers likely to take profit by selling their put positions late today or tomorrow morning that should push the market higher.  I see it's going to be more put selling tomorrow .........................

and also on next Monday,  that should push VIX down a few points between now and early next week...........................

Edited by redfoliage2, 18 January 2024 - 01:58 PM.

[dTraderB]

Closed NQ HEDGE LONG 17104
HOLDING 2 EACH ES & NQ

Closed NQ LONG 17050

HOLDING 1 EACH NQ & ES HEDGE LONG

BUY LIMIT ES 4740

ES 4758

Closed 4765.25

ES HEDGE LONG 4760.5

Closed ES 4767.5

Closed NDVA PUT

ES 4762 LONG
HOLDING 2 EACH NQ & ES

[dTraderB]

McOsc hardly moved today, still near the -200 level

https://www.mcoscill...t_breadth_data/

[dTraderB]

Chinese & HSI bounced from extreme oversold levels but still bears in control.
"The MSCI Asia Pacific ex-Japan index is down 3.7% this week, on track for its biggest weekly loss since August. After jumping 6.6% higher last week for its best performance in nearly two years, Japan's Nikkei is also in the red.



But only just. A soft inflation number that raises more questions over the Bank of Japan's policy normalization and eventual move toward positive interest rates could be the catalyst for a Friday buying frenzy."

[dTraderB]

"The yuan also goes into the last trading day of the week on the defensive, at a two-month low against the dollar, but a weakening domestic currency is not having the positive impact on Chinese stocks like it is in Japan."

Chinese & HSI bounced from extreme oversold levels but still bears in control.
"The MSCI Asia Pacific ex-Japan index is down 3.7% this week, on track for its biggest weekly loss since August. After jumping 6.6% higher last week for its best performance in nearly two years, Japan's Nikkei is also in the red.



But only just. A soft inflation number that raises more questions over the Bank of Japan's policy normalization and eventual move toward positive interest rates could be the catalyst for a Friday buying frenzy."