120 replies to this topic

[dTraderB]

Looking at the 695 & 700 NVDA FEB 23 PUT

ONLY WHEN NVDA IS ABOVE 700

[dTraderB]

"The relief rally in Chinese stocks continues as the country prepares for the New Year holiday, but before markets shut down the latest inflation figures on Thursday will show whether the economy is any closer to escaping the clutches of deflation.



Consensus forecasts point to mixed signals - year-on-year consumer price deflation is expected to have intensified in January but month-over-month prices rose at the fastest pace in a year, while annual producer price deflation stayed strong.



China's battle with deflation is symptomatic of the economy's patchy rebound from the pandemic, imploding property sector, high debt and leverage across the economy, and slumping asset markets.

Key developments that could provide more direction to ASIAN markets on Thursday:
China consumer, producer price inflation (January)
India interest rate decision
Japan trade, current account (December)

[dTraderB]

"...on Wall St, the latest stock market surge was aided by a calming of the recently restive bond market, with decent demand for a record $54 billion of 10-year Treasury notes on Wednesday helping to calm the horses.



Some $25 billion of 30-year bonds go under the hammer later today.



Helped additionally by still subdued crude oil prices, which are tracking year-on-year declines of more than 5%, 10-year yields were steady at 4.10%."

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Thursday:
U.S. weekly jobless claims
Richmond Federal Reserve President Thomas Barkin speaks; European Central Bank chief economist Philip Lane and ECB policymakers Pierre Wunsch and Frank Elderson speak; Bank of England policymakers Catherine Mann and Swati Dhingra speak
U.S. Treasury sells $25 billion of 30-year bonds
U.S. corporate earnings: Expedia, Motorola Solutions, Conocophilips, Duke Energy, T Rowe Price, Intercontinental Exchange, Mowhawk, Tapestry, Hershey, Ralph Lauren, Zimmer Biomet, Verisign, S&P Global, Borgwarner, Philip Morris, DTE Energy, First Energy, Interpublic, Regency Centers, Dexcom, Mettler-Toledo, Healthpeak Properties, Illumina, Baxter, Kimco Realty, Kenvue, Kellanova, TransDigm, Masco

"...on Wall St, the latest stock market surge was aided by a calming of the recently restive bond market, with decent demand for a record $54 billion of 10-year Treasury notes on Wednesday helping to calm the horses.



Some $25 billion of 30-year bonds go under the hammer later today.



Helped additionally by still subdued crude oil prices, which are tracking year-on-year declines of more than 5%, 10-year yields were steady at 4.10%."

[dTraderB]

NEW HEDGE LONG POSITIONS
NQ 17805

[dTraderB]

Adding A50 & HSI LONGS below 11440 & 15825

[redfoliage2]

Going to be a range bound day with intra-day dips bought and bounces sold as bulls still want to test SPX 5000 today  ........................

Edited by redfoliage2, 08 February 2024 - 09:58 AM.

[linrom1]

Amazing  this TGT and CRM are leading the Dow. The market must be looking for a booming economy?

[redfoliage2]

Going to be a range bound day with intra-day dips bought and bounces sold as bulls still want to test SPX 5000 today  ........................

BTW, my intra-day bull/bear dynamics indicating bears now having a slight advantage, so the market is likely to test the lower end in the afternoon ....................

[dTraderB]

FEB 23 NVDA 710 PUT
Finally got a FILL with NVDA 704.02