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"Can Post-FOMC Rally Continue?" YES... but...


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#91 dTraderB

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Posted 28 March 2024 - 09:19 AM

BANKMAN-FREID has many sympathizers... not me.

#92 dTraderB

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Posted 28 March 2024 - 09:21 AM

Apologies, it is BANKMAN-FRIED

BANKMAN-FREID has many sympathizers... not me.



#93 dTraderB

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Posted 28 March 2024 - 09:25 AM

ES 5308 LONG

NQ LONG 18496

Closed ES 5308.25

Close NQ 18497.5

NQ LONG 18476.5
ES LONG 5302.75

HOLDING 2 EACH



#94 redfoliage2

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Posted 28 March 2024 - 09:37 AM

 

 

 

 

 

 

 

 

 

Heavier SELLING than I expected.
Maybe Q1 Portfolio adjusting etc by BIG MONEY

The selling part is likely done in the recent days including this morning, now not much time left for them to position for the bull run for the next quarter.  Very likely we are going to see the market making new highs as soon as next week  .....................
 
Good to see the market breadth turning up today from the recent dip, my intra-day breadth indicator today crossed the 0 line into the positive region and I expect NYMO to follow 
 
BTW, key economic data to be released tomorrow morning including GDP, initial jobless claims, and Chicago PMI, are likely to support the soft landing outlook for the US economy and so the the bull market .............................  
 
We are likely to see SPX 5400 or higher in the 2nd quarter unless future economic data stop supporting the soft land outlook or the Fed would not cut rates this year ........................
 
Well, market breadth turning strong in the afternoon indicating EOQ buying programs kicked in.  NYMO is very likely to close the day in positive land from the recent dip, and SPX is likely to close the day at HOD as the Bull Train 2024 leaving Station Q1 .................................
 
End of Day NYMO at 18.30, up nearly 30 points from yesterday's -11, that indicates EOQ buying programs running to position for the next quarter .......................

GDP data and jobless claims just released indicate US economy is humming along, supporting a bullish outlook for the stock market..

 

I bet more EOQ buying programs to be running in the afternoon today ..............................

 

BTW, PCE tomorrow should be fine as the Fed already got the Trimed Mean PCE (equivilent to core PCE) updated last Friday................... .......................


Edited by redfoliage2, 28 March 2024 - 09:41 AM.


#95 dTraderB

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Posted 28 March 2024 - 09:44 AM

Closed ES 5312.25

ES 5308 LONG

NQ LONG 18496

Closed ES 5308.25

Close NQ 18497.5

NQ LONG 18476.5
ES LONG 5302.75

HOLDING 2 EACH



#96 dTraderB

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Posted 28 March 2024 - 09:50 AM

CLOSED NQ 18509.5

Closed ES 5312.25

ES 5308 LONG

NQ LONG 18496

Closed ES 5308.25

Close NQ 18497.5

NQ LONG 18476.5
ES LONG 5302.75

HOLDING 2 EACH



#97 redfoliage2

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Posted 28 March 2024 - 09:56 AM

 

 

 

 

 

 

 

 

 

 

Heavier SELLING than I expected.
Maybe Q1 Portfolio adjusting etc by BIG MONEY

The selling part is likely done in the recent days including this morning, now not much time left for them to position for the bull run for the next quarter.  Very likely we are going to see the market making new highs as soon as next week  .....................
 
Good to see the market breadth turning up today from the recent dip, my intra-day breadth indicator today crossed the 0 line into the positive region and I expect NYMO to follow 
 
BTW, key economic data to be released tomorrow morning including GDP, initial jobless claims, and Chicago PMI, are likely to support the soft landing outlook for the US economy and so the the bull market .............................  
 
We are likely to see SPX 5400 or higher in the 2nd quarter unless future economic data stop supporting the soft land outlook or the Fed would not cut rates this year ........................
 
Well, market breadth turning strong in the afternoon indicating EOQ buying programs kicked in.  NYMO is very likely to close the day in positive land from the recent dip, and SPX is likely to close the day at HOD as the Bull Train 2024 leaving Station Q1 .................................
 
End of Day NYMO at 18.30, up nearly 30 points from yesterday's -11, that indicates EOQ buying programs running to position for the next quarter .......................

GDP data and jobless claims just released indicate US economy is humming along, supporting a bullish outlook for the stock market..

 

I bet more EOQ buying programs to be running in the afternoon today ..............................

 

BTW, PCE tomorrow should be fine as the Fed already got the Trimed Mean PCE (equivilent to core PCE) updated last Friday................... .......................

 

It looks there still lots of EOQ positioning to be done today thanks to the new T+0 settlement rule, and once they are done we are likely to see new highs as soon as early next week  .......................................


Edited by redfoliage2, 28 March 2024 - 09:59 AM.


#98 dTraderB

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Posted 28 March 2024 - 09:57 AM

Closed remaining A50 & HSI LONG POSITIONS
Will reopen below 12050 & 16250

Edited by dTraderB, 28 March 2024 - 09:57 AM.


#99 redfoliage2

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Posted 28 March 2024 - 10:09 AM

 

 

 

 

 

 

 

 

 

 

 

Heavier SELLING than I expected.
Maybe Q1 Portfolio adjusting etc by BIG MONEY

The selling part is likely done in the recent days including this morning, now not much time left for them to position for the bull run for the next quarter.  Very likely we are going to see the market making new highs as soon as next week  .....................
 
Good to see the market breadth turning up today from the recent dip, my intra-day breadth indicator today crossed the 0 line into the positive region and I expect NYMO to follow 
 
BTW, key economic data to be released tomorrow morning including GDP, initial jobless claims, and Chicago PMI, are likely to support the soft landing outlook for the US economy and so the the bull market .............................  
 
We are likely to see SPX 5400 or higher in the 2nd quarter unless future economic data stop supporting the soft land outlook or the Fed would not cut rates this year ........................
 
Well, market breadth turning strong in the afternoon indicating EOQ buying programs kicked in.  NYMO is very likely to close the day in positive land from the recent dip, and SPX is likely to close the day at HOD as the Bull Train 2024 leaving Station Q1 .................................
 
End of Day NYMO at 18.30, up nearly 30 points from yesterday's -11, that indicates EOQ buying programs running to position for the next quarter .......................

GDP data and jobless claims just released indicate US economy is humming along, supporting a bullish outlook for the stock market..

 

I bet more EOQ buying programs to be running in the afternoon today ..............................

 

BTW, PCE tomorrow should be fine as the Fed already got the Trimed Mean PCE (equivilent to core PCE) updated last Friday................... .......................

 

It looks there are still lots of EOQ positioning to be done later today, and once they are done we are likely to see new highs as soon as early next week  .......................................

 


Edited by redfoliage2, 28 March 2024 - 10:15 AM.


#100 12SPX

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Posted 28 March 2024 - 10:15 AM

 

 

 

 

 

 

 

 

 

 

Heavier SELLING than I expected.
Maybe Q1 Portfolio adjusting etc by BIG MONEY

The selling part is likely done in the recent days including this morning, now not much time left for them to position for the bull run for the next quarter.  Very likely we are going to see the market making new highs as soon as next week  .....................
 
Good to see the market breadth turning up today from the recent dip, my intra-day breadth indicator today crossed the 0 line into the positive region and I expect NYMO to follow 
 
BTW, key economic data to be released tomorrow morning including GDP, initial jobless claims, and Chicago PMI, are likely to support the soft landing outlook for the US economy and so the the bull market .............................  
 
We are likely to see SPX 5400 or higher in the 2nd quarter unless future economic data stop supporting the soft land outlook or the Fed would not cut rates this year ........................
 
Well, market breadth turning strong in the afternoon indicating EOQ buying programs kicked in.  NYMO is very likely to close the day in positive land from the recent dip, and SPX is likely to close the day at HOD as the Bull Train 2024 leaving Station Q1 .................................
 
End of Day NYMO at 18.30, up nearly 30 points from yesterday's -11, that indicates EOQ buying programs running to position for the next quarter .......................

GDP data and jobless claims just released indicate US economy is humming along, supporting a bullish outlook for the stock market..

 

I bet more EOQ buying programs to be running in the afternoon today ..............................

 

BTW, PCE tomorrow should be fine as the Fed already got the Trimed Mean PCE (equivilent to core PCE) updated last Friday................... .......................

 

Ok whew didn't really want to deal with the pomegranate reading as its market moving!!!