176 replies to this topic

[12SPX]

There we go, profit stop 17627

[12SPX]

Out for 1 point profit, hmmmm, wasn't planning on trading, just wanna sit lol!! 

[dTraderB]

NVDA 720 MAR 15 CALL LIMIT ORDER

[dTraderB]

Not filled... atrange

Will cancel and buy market the 715 CALL

NVDA 720 MAR 15 CALL LIMIT ORDER

[dTraderB]

Cannot resist closing the last set of PUTS opened: 3 SPY & 4 QQQ PUTS

[dTraderB]

Haha ITM CALL! NVDA 715 MAR 15

Not filled... atrange

Will cancel and buy market the 715 CALL

NVDA 720 MAR 15 CALL LIMIT ORDER

[redfoliage2]

 

 

So, SPX 5100 is doable by nhe end of the week (Jan. monthly OpEx) if tomorrow's CPI data follow the CPI data adjustments by U.S. Bureau of Labor Statistics released last Friday  ......................

But if the Feb monthly data do not follow to go lower, instead going higher then I see the market will put back.  It's possible the Feb month CPI may not follow the adjustment at all. since the CPI adjustment by U.S. Bureau of Labor Statistics last Friday was for the data from months of last year.  I'd be prepared and let's wait and see ........................

 

The Feb CPI may be higher as the Red Sea conflict has been blocking shippments causing shipping costs going higher   .......................

 

What a data dependent market that went sharply lower today on the CPI data as I warned yesterday.  This move was needed for correcting the over bought conditions. Now with the the over bought conditions much improved let's see what will bring for tomorrow.  I'd not be surprised if the market bouncing up tomorrow.................... ..............................

Edited by redfoliage2, 13 February 2024 - 04:06 PM.

[dTraderB]

Good late rally by the BULLS.
THAT was the retracement...NEW ATHs soon!

[dTraderB]

J C PARETS:
"The Bond market is sending warning signals.
Market breadth has been deteriorating all year.
US Dollar Index Futures have been positive every single week in 2024 - that's 6 weeks in a row.
Newsletter writers are the most bullish they've been in years. In summer and Fall of 2022, they were telling you to sell stocks, just as stocks were bottoming. Now they're telling you NOT to sell stocks.
Seasonally this Q1 of Election years is one of the worst quarters of the entire 4-year cycle. This time seems no different.
We're short equities. We're betting on lower prices for stocks continuing, as we've seen all year.

The risk for those of us who have plenty of money, is for prices of stocks to continue to fall.

I don't know how bad things are going to get.

Every major market correction first started out as a small one. But not every small correction turns into a big one.

We'll just have to continue to evaluate as the data comes in.

My suspicion is that we'll be sitting here around St. Patrick's day looking for stocks to buy for the Election Year Rally.

In the meantime, how will we know if things are getting worse?

I'm looking for an expansion of the new lows lists. We just haven't seen it yet.

While we've certainly seen the majority of stocks stop going up in price, we have yet to see a majority of stocks breaking down to new lows.

When you see that, you'll know things are getting a lot worse.

And we'll be right here talking about it. Because that's just how we roll.

Rug Pull Season is here. It could be even better than Football season, as long as you bet on the right team ;)"

https://allstarchart...ootball-season/

[dTraderB]

Was just kidding but does look as if THAT WAS THE PULLBACK, low at 4937
Major resistance 4990 & 5018

Good late rally by the BULLS.
THAT was the retracement...NEW ATHs soon!