"Can Post-FOMC Rally Continue?" YES... but...
#101
Posted 28 March 2024 - 10:55 AM
Shoukd be filled above NQ 18540 & ES 5320
#102
Posted 28 March 2024 - 11:34 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
#103
Posted 28 March 2024 - 11:52 AM
Powell? Trump put in the biggest Wall Street shill he could find when he appointed him.
#104
Posted 28 March 2024 - 11:55 AM
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 .......................
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 .................................
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 ........................
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 .............................
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
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 .....................Heavier SELLING than I expected.
Maybe Q1 Portfolio adjusting etc by BIG MONEY
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 .......................................
As tomorrow is a market holiday I'd not be surprised to see a buying spree late in the day, same as yesterday ......................................
Edited by redfoliage2, 28 March 2024 - 12:01 PM.
#105
Posted 28 March 2024 - 12:13 PM
NQ LONG 18481.5
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
#106
Posted 28 March 2024 - 12:25 PM
I noticed that the Mag7 generals have been lagging in the recent days, but I see they are likely to lead again in the new quarter as soon as next week with the earnings season approaching, and they are the money makers .................
Edited by redfoliage2, 28 March 2024 - 12:33 PM.
#107
Posted 28 March 2024 - 12:46 PM
I noticed that the Mag7 generals have been lagging in the recent days, but I see they are likely to lead again in the new quarter as soon as next week with the earnings season approaching, and they are the money makers .................
Like NVDA it's going to be above 1000 before its earnings reported...................
Edited by redfoliage2, 28 March 2024 - 12:51 PM.
#108
Posted 28 March 2024 - 01:15 PM
ES 5307.5 LONG
NQ LONG 18481.5
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
#109
Posted 28 March 2024 - 01:44 PM
CLOSED ES LONG 5311
ES 5307.5 LONG
NQ LONG 18481.5
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
#110
Posted 28 March 2024 - 02:01 PM
ES LONG 5306 5
CLOSED ES LONG 5311
ES 5307.5 LONG
NQ LONG 18481.5
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