182 replies to this topic

[steadyquest]

Will silver follow gold - or is the breakout just a fakeout?  If it does, I expect it will settle into a new normal in the 40 to 50 range.

[dTraderB]

Gradually adding more:
Adding 1 each QQQ & SPY PUT above NQ 18100 & ES 5142

Will add 1 each above 18200 & ES 5162

[redfoliage2]

 

 

 

NFP data bullish for the market - 275K jobs added showing a sound economy, but overall hourly earnings growth down from 0.5% to 0.1% that adds less inflation pressure.  This is what the Fed wants to see -  a sound economy with the inflation contained............................

This is why USD index down upon the data..............................

 

 

Good to see traders took profit at highs today as it's healthy for the bull market.  Nothing fundamental, the market was just in  extremely ST over-bought conditions this morning, and I warned to be nimble and to take profit shortly before the selling started as Rinse-and-Repeat is the name of the game  ...........................

 

It looks that short sellers are covering in the afternoon before the monthly OpEx next week that is typically bullish in a bull market ........................

Edited by redfoliage2, 08 March 2024 - 02:56 PM.