Just took profits on my ndx trade at 17625 for a nice 112 point profit. I have a profit stop on at 4915 on my ES trade and both will sell higher....
BULLS STAMPEDE! SPX 5K next major target
#111
Posted 25 January 2024 - 09:25 PM
#112
Posted 26 January 2024 - 05:51 AM
#113
Posted 26 January 2024 - 05:54 AM
The feel-good factor that lifted stocks overnight fizzled on Friday, with neither gains on Wall Street - including another record for the S&P 500 - nor the afterglow of China's deep cuts in bank reserve requirements able to keep Asian stocks afloat.
Mainland and Hong Kong-listed shares started the day with a slight pop higher but quickly turned lower, while Japan's Nikkei erased the last of the gains for the week that had taken it to a 34-year peak on Tuesday.
The weekend invites some profit taking, particularly with the week ahead bringing financial results from the giants of U.S. tech - Apple, Microsoft, Amazon, Alphabet and Meta Platforms - not to mention a Federal Reserve meeting and the always influential monthly jobs report.
#114
Posted 26 January 2024 - 05:56 AM
"week ahead bringing financial results from the giants of U.S. tech - Apple, Microsoft, Amazon, Alphabet and Meta Platforms - not to mention a Federal Reserve meeting and the always influential monthly jobs report"
#115
Posted 26 January 2024 - 07:54 AM
U.S. Dec PCE inflation estimates, Dec pending home sales
U.S. corporate earnings: American Express, Colgate-Palmolive, Norfolk Southern
#116
Posted 26 January 2024 - 08:11 AM
Well that was interesting, was smart to take those profits I posted last night as the first sell off is usually always bought. What was most interesting was that it was apparent money was going into bonds with 10-year yields moving down to 4.09% at the futures lows and now as futures rise they are back to 4.12 again. Think Intel's semiconductor report was a shot across the bow that the market has moved quite a bit so will be interesting how we close the day. Did also get hit on my ES short for a 5 point profit as I said and now starting my new short build at 4920 and 17570...
#117
Posted 26 January 2024 - 08:49 AM
The Fed favorite inflation gauge just out: Core PCE YOY down from 3.2 to 2.9, Core PCE MOM up from 0.1 to 0.2. Both are staying well on the down trend as the Fed expected ......................
Edited by redfoliage2, 26 January 2024 - 08:50 AM.
#118
Posted 26 January 2024 - 08:54 AM
Fresh data on the market breadth indicating this bull run is far from over even though the market kept making new highs ..........................
#119
Posted 26 January 2024 - 08:56 AM
Interesting response so added to my short with my ES trade now at 4923 and NDX 17575 for the cash open....
#120
Posted 26 January 2024 - 08:58 AM
Fresh data on the market breadth indicating this bull run is far from over even though the market kept making new highs. The McClellan Oscillator index just moved above the zero line and this is the first time since the end of last year, indicating the bull run is likely to continue ..........................
Edited by redfoliage2, 26 January 2024 - 09:08 AM.