Seasonally weak period but this BULL serm to neither fear nor care.... can still trade above ES 5100 but this ST seems to be in place or reformed at marginally new ATHs.
"As investors, it's important to remember that we just enterred the worst 2-week period of the entire year.
Historically, going all the way back to the 1920s, you're not going to find a worse 2-week period to own stocks than the one you just entered.
And the market has certainly been acting accordingly.
Do you think it's just a coincidence that most stocks stopped going up, US Treasury Bonds are getting crushed, and America's most important stocks are already falling off a cliff?" -- J C PARETS
FEBRUARY FRAILITY 15-29- ST TOP in place
Started by
dTraderB
, Feb 18 2024 06:04 PM
184 replies to this topic
#2
dTraderB
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Posted 18 February 2024 - 06:08 PM
CHINA/HSI RALLY TO CONTINUE ... but I will close any of the remaining A50, HSI LONGS that are profitable. I expect a reversal when US markets decline.
"China's markets open on Monday after the Lunar New Year holiday, with investors hoping positive momentum across the region last week can continue despite signs that U.S. inflation, and therefore interest rates, may be stickier than thought.
Asian stocks are on a decent run - the MSCI Asia & Pacific ex-Japan index posted its best week of the year last week, a gain of 2%, and its longest weekly winning streak in over a year of four 'up' weeks in a row.
Was it a coincidence that China was closed? Investors may draw their conclusions on Monday as China reopens for trading." -- REUTERS
"China's markets open on Monday after the Lunar New Year holiday, with investors hoping positive momentum across the region last week can continue despite signs that U.S. inflation, and therefore interest rates, may be stickier than thought.
Asian stocks are on a decent run - the MSCI Asia & Pacific ex-Japan index posted its best week of the year last week, a gain of 2%, and its longest weekly winning streak in over a year of four 'up' weeks in a row.
Was it a coincidence that China was closed? Investors may draw their conclusions on Monday as China reopens for trading." -- REUTERS
#3
dTraderB
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Posted 18 February 2024 - 06:13 PM
I will be trading ASIAN markets tonight but not the short US FUTURES session unless ALERTS are triggered.
Very bearish poll 64-36 but recently they have been wrong:
Helene Meisler (@hmeisler) posted at 2:12 PM on Sat, Feb 17, 2024:
The results are in and folks lean bearishly this week. In fact, they are the most bearish since early August and August before that.
Thanks for voting. Enjoy the long weekend! https://t.co/hEv3SAt3M5
(https://x.com/hmeisl...7077984608?s=03)
Very bearish poll 64-36 but recently they have been wrong:
Helene Meisler (@hmeisler) posted at 2:12 PM on Sat, Feb 17, 2024:
The results are in and folks lean bearishly this week. In fact, they are the most bearish since early August and August before that.
Thanks for voting. Enjoy the long weekend! https://t.co/hEv3SAt3M5
(https://x.com/hmeisl...7077984608?s=03)
Edited by dTraderB, 18 February 2024 - 06:14 PM.
#4
dTraderB
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Posted 18 February 2024 - 08:18 PM
EARNINGS AND ECONOMIC DATA
Earnings:
Monday: N/A
Tuesday: Walmart, Home Depot
Wednesday: Nvidia
Thursday: Lloyds Banking Group, Square
Friday: Berkshire Hathaway
Major Economic Events:
Monday: Presidents Day
Tuesday: U.S. leading economic indicators
Wednesday: FOMC minutes
Thursday: Initial Jobless Claims
Friday: N/A
Earnings:
Monday: N/A
Tuesday: Walmart, Home Depot
Wednesday: Nvidia
Thursday: Lloyds Banking Group, Square
Friday: Berkshire Hathaway
Major Economic Events:
Monday: Presidents Day
Tuesday: U.S. leading economic indicators
Wednesday: FOMC minutes
Thursday: Initial Jobless Claims
Friday: N/A
#5
dTraderB
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Posted 19 February 2024 - 10:14 AM
Looks interesting...
Emergency Meeting Today at Noon
FEBRUARY 19, 2024 BY JC
Ill be here at noon today.
Why? Because the U.S. Stock Market might be closed, but every other market is still open.
How can I possibly take today off, while stocks are rolling over, and were entering the most bearish two weeks of the entire year?
I cant just ignore the underlying technical signals that have been screaming at me for weeks. And certainly not when Im expecting a huge spike in volatility.
So Im going LIVE @ noon eastern today.
Call it an Emergency State of the Markets.
https://allstarchart...7869e3cfd4ff832
Emergency Meeting Today at Noon
FEBRUARY 19, 2024 BY JC
Ill be here at noon today.
Why? Because the U.S. Stock Market might be closed, but every other market is still open.
How can I possibly take today off, while stocks are rolling over, and were entering the most bearish two weeks of the entire year?
I cant just ignore the underlying technical signals that have been screaming at me for weeks. And certainly not when Im expecting a huge spike in volatility.
So Im going LIVE @ noon eastern today.
Call it an Emergency State of the Markets.
https://allstarchart...7869e3cfd4ff832
Edited by dTraderB, 19 February 2024 - 10:21 AM.
#6
dTraderB
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Posted 19 February 2024 - 10:26 AM
Tom Lee, CFAAC FUNDSTRAT:
Today's PPI was "hot" and yet stocks are not really selling off
this is a sign stocks have more upside near-term
as highlighted multiple times this week, we are watching margin debt
still too low and until it is higher, we think stocks have upside
The near term top will be a moment when we get "good news but stocks fail to rally." That is not today. In fact, today is the opposite. Bad news and stocks are holding in there. Stick with --> IWM -0.68% XLF 0.05% XLI 0.03% XLK -0.23% QQQ -0.29% and Bitcoin BTC and miners"
Today's PPI was "hot" and yet stocks are not really selling off
this is a sign stocks have more upside near-term
as highlighted multiple times this week, we are watching margin debt
still too low and until it is higher, we think stocks have upside
The near term top will be a moment when we get "good news but stocks fail to rally." That is not today. In fact, today is the opposite. Bad news and stocks are holding in there. Stick with --> IWM -0.68% XLF 0.05% XLI 0.03% XLK -0.23% QQQ -0.29% and Bitcoin BTC and miners"
#7
redfoliage2
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Posted 19 February 2024 - 05:15 PM
For the week let's see what NVDA is to report and its outlook for AI chips .....................................
Edited by redfoliage2, 19 February 2024 - 05:16 PM.
#8
dTraderB
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Posted 19 February 2024 - 09:11 PM
Eunice Yoon (@onlyyoontv) posted at 9:26 PM on Mon, Feb 19, 2024:
#China cuts key rate for mortgages. Central bank trims 5-year loan prime rate (LPR), reference rate for banks, from 4.2% to 3.95%. Last reduced in June. Move seen as effort to encourage home buying as #property market struggles.
(https://x.com/onlyyo...0171405511?s=03)
#China cuts key rate for mortgages. Central bank trims 5-year loan prime rate (LPR), reference rate for banks, from 4.2% to 3.95%. Last reduced in June. Move seen as effort to encourage home buying as #property market struggles.
(https://x.com/onlyyo...0171405511?s=03)
#9
dTraderB
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Posted 19 February 2024 - 09:13 PM
EXTREMELY VOLATILE after CHINA CUTS RATES
UP, DOWN, UP, NOW DOWN...
Will trade for another hour - NQ, A50, and HSI
UP, DOWN, UP, NOW DOWN...
Will trade for another hour - NQ, A50, and HSI
Eunice Yoon (@onlyyoontv) posted at 9:26 PM on Mon, Feb 19, 2024:
#China cuts key rate for mortgages. Central bank trims 5-year loan prime rate (LPR), reference rate for banks, from 4.2% to 3.95%. Last reduced in June. Move seen as effort to encourage home buying as #property market struggles.
(https://x.com/onlyyo...0171405511?s=03)
#10
dTraderB
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Posted 20 February 2024 - 06:18 AM
Another fake move up & then they sold it. But, finally, the Chinese cut rates. Their "national team" came in again to prop up markets thay are now slightly up. I hold small A50 & HSI LONG POSITIONS. Will add more on any pullback greater than 2%
"Wall St returns from its long weekend to a mix of interest rate cut doubts, retailer updates and the biggest U.S. corporate deal of the year - while China's latest monetary easing was brushed off by markets overseas.
With the Federal Reserve releasing minutes of its January policy meeting on Wednesday, the rates market has been dragged kicking and screaming back closer to where the Fed had originally indicated at the end of last year." - REUTERS
"Wall St returns from its long weekend to a mix of interest rate cut doubts, retailer updates and the biggest U.S. corporate deal of the year - while China's latest monetary easing was brushed off by markets overseas.
With the Federal Reserve releasing minutes of its January policy meeting on Wednesday, the rates market has been dragged kicking and screaming back closer to where the Fed had originally indicated at the end of last year." - REUTERS
