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Huge week! "could define market's narrative over next few months"


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#1 dTraderB

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Posted 28 January 2024 - 05:36 PM

Also the MidEast situation getting bit more unstable.
"The Market's Biggest Week Of The Year Is Already Here

The week of January 29 is crucial for the market's narrative, with earnings growth, fiscal and monetary policy, and economic data in focus.
The US Treasury will announce its Marketable Borrowing Estimates, potentially impacting rates and financial conditions.

Earnings results from major companies like AMD, Microsoft, Alphabet, Apple, Amazon, and Meta will be closely watched.

https://seekingalpha...ar-already-here

#2 dTraderB

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Posted 28 January 2024 - 05:42 PM

A good week for my CHINA & HSI LONGS BUT markets still not showing sufficent bullish sentiment to sustain this rally
"Beijing's latest move came on Sunday, with the securities regulator saying it will fully suspend the lending of restricted shares effective from Monday. Figures on Saturday, meanwhile, showed that industrial profits in China are shrinking at their slowest rate since October 2022.


China's CSI 300 index of leading shares snapped a three-week losing streak and rose 2%, the Shanghai Composite jumped 2.75% for its best week since July, and the MSCI Asia ex-Japan index also snapped a three-week losing streak." -- REUTERS

#3 dTraderB

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Posted 28 January 2024 - 05:54 PM

54-46 bearish
Helene Meisler (@hmeisler) posted at 2:02 PM on Sat, Jan 27, 2024:
The results are in and folks lean bearish this week.

The last 3/5 weeks folks been voting down.

Thanks so much for voting! https://t.co/h4iDJbkmXO
(https://x.com/hmeisl...5848069477?s=03)

#4 redfoliage2

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Posted 28 January 2024 - 07:31 PM

About China and HSI markets - As they were sold on the rumor it's likely to be a Buy on the news........................


Edited by redfoliage2, 28 January 2024 - 07:32 PM.


#5 12SPX

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Posted 29 January 2024 - 08:49 AM

Whew its Monday morning, rough sleeps this weekend staying up watching tennis all night lol!!  Most interesting how the market is ignoring whats going with Evergrande going down in China as there could be repercussions here and that sadly 3 serviceman were killed over the weekend putting the odds of a larger middleast conflict breaking out, but they are dealing with biden so likely need that number to be 300 before he would do anything.  Nonetheless the market remains way overbought and call options super expensive and with earnings coming out from the mag 7 this week I'm sure volatility will kick up.   I covered my short on the ES 4925 at the open Sunday night for a profit of 21 points and currently have a new short at 4915 and 17535 on the NDX going into the cash open.  Should be another down day in the end but I'm seeing the bearishness getting a bit heavy so may be tough to keep it down once again.  One of these days we'll see a 3-5% correction in total but it seems nothing is triggering it,,,yet....



#6 redfoliage2

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Posted 29 January 2024 - 08:50 AM

It looks pretty quiet before the earnings reports from AMD, GOOGL,  MSFT, META, AAPL, AMZN.  But I see they are more likely to beat  ..........................


Edited by redfoliage2, 29 January 2024 - 08:58 AM.


#7 dTraderB

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Posted 29 January 2024 - 09:40 AM

Closed 1 NQ & 1 ES HEDGE LONG

HOLDING 1 EACH

WILL ADD A50 & HSI LONGS BELOW 11175 & 15950

#8 12SPX

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Posted 29 January 2024 - 09:43 AM

Getting exciting, average short 4918 and 17543



#9 redfoliage2

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Posted 29 January 2024 - 09:59 AM

But SOXX still down today, so AMD  ......................


Edited by redfoliage2, 29 January 2024 - 10:02 AM.


#10 12SPX

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Posted 29 January 2024 - 10:07 AM

Out for 3 point profit on my ndx trade, we'll see how it goes....