141 replies to this topic

[dTraderB]

A healthy 4 to 5% pullback while the BULL rests is the most logical scenario. But, will BIG MONEY decide to bank profits & wait for the FED to CUT RATES?
I do not care because I will continue aggressive DAYTRADING, HEDGING, and LING ASIAN MARKETS on any retracement

[dTraderB]

Bearish 63-37... but this poll has been all over the map & mainly wrong in recent weeks

Helene Meisler (@hmeisler) posted at 2:42 PM on Sat, Mar 09, 2024:
The results are in and folks lean bearish this week. Thanks for voting!!

https://t.co/Zw7OkZNf5C

(https://x.com/hmeisl...2725476830?s=03)

[dTraderB]

Chrisruppert (@Chrisruppert5) posted at 6:34 PM on Sat, Mar 09, 2024:
I believe the last 5 weeks, the market has moved the opposite of the poll results. Can you confirm the streak that that the market has moved the opposite?
Also there seems to be a correlation with, how the market moved on friday, to the poll results. Fri up, poll results up. etc
(https://x.com/Chrisr...0096378134?s=03)

Bearish 63-37... but this poll has been all over the map & mainly wrong in recent weeks

Helene Meisler (@hmeisler) posted at 2:42 PM on Sat, Mar 09, 2024:
The results are in and folks lean bearish this week. Thanks for voting!!

https://t.co/Zw7OkZNf5C

(https://x.com/hmeisl...2725476830?s=03)

[dTraderB]

Helene Meisler (@hmeisler) posted at 8:09 AM on Sun, Mar 10, 2024:

Highest volume for QQQs since near Oct lows.

https://t.co/fUB65GxKI6

[dTraderB]

Here are key developments that could provide more direction to markets on Monday:
Japan GDP (Q4, final)
Japan money supply (February)
U.S. 3-year bond auction

[dTraderB]

3/12 8:30 am ET: Feb CPI
3/14 8:30 am ET: Feb PPI
3/14 8:30 am ET: Feb Retail Sales Data
3/15 8:30 am ET: Mar Empire Manufacturing Survey
3/15 10:00 am ET: Mar P U. Mich. Sentiment and Inflation Expectation

[dTraderB]

FUNDSTRAT:
"Lee sounded a cautionary note. As he has pointed out in the past, one signal of an impending top is stocks falling after good news. As he sees it, in a way, a drop in rates is a good news event, yet when yields fell on Tuesday, the stock market also fell (as shown in our Chart of the Week below). Because of this, he urges watchfulness even though he continues to suspect that there is still gas in the tank of this rally.

Like Lee, Fundstrat Head of Technical Strategy Mark Newton remains constructive on equities. I suspect that SPX is en route to ~5200 and potentially even 5250 by March 20, and its necessary for SPX to break 5057 on a daily close to have any concern about even a minor two-day pullback, he said. Newton also pointed out that the equal-weighted S&P 500 has made its sixth straight weekly gain. Technology underperformance is making the market seem worse than it actually is [] and its worth pointing out that the most recent weekly close for SPX is only the third negative week in four and a half months.

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Monday:
New York Fed inflation expectations survey, US Feb employment trends

* Eurogroup finance ministers meet in Brussels

* U.S. Treasury auctions $56 billion of 3-year notes, and sells 3- and 6-month bills

* U.S. corp earnings: Oracle

[dTraderB]

NQ 18176 LONG

[dTraderB]

NVDA LIMIT ORDER APR 19 845 & 850 CALL
845 should be filled first
If NVDA DROPS BELOW 840