119 replies to this topic

[dTraderB]

HSI LONGs near 19k is risky but the CHINA "NATIONAL TEAM" has battered SHORTS all the way to above 19k so I will stay on their side of the trade.
I have NOT shorted A50 and HSI since last year's LOWEST LEVELS but I am tempted to short HSI above 19k.

[redfoliage2]

With the opening gap now back filled I see the market going higher in the aftrnoon.  Near term a re-test of SPX 5265 is on schedule  ........................

SPX 5265 will decide if the market topped or new highs, but it's more likely it will go above 5265 next week making new highs with the Fed rate cuts on the table ..........................

Edited by redfoliage2, 10 May 2024 - 01:14 PM.

[redfoliage2]

 

With the opening gap now back filled I see the market going higher in the aftrnoon.  Near term a re-test of SPX 5265 is on schedule  ........................

SPX 5265 will decide if the market topped or new highs, but it's more likely it will go above 5265 next week making new highs with the Fed rate cuts on the table ..........................

 

It's a high probability that SPX 5265 will be tested next week regardless  .........................

Edited by redfoliage2, 10 May 2024 - 01:26 PM.

[redfoliage2]

 

 

With the opening gap now back filled I see the market going higher in the aftrnoon.  Near term a re-test of SPX 5265 is on schedule  ........................

SPX 5265 will decide if the market topped or new highs, but it's more likely it will go above 5265 next week making new highs with the Fed rate cuts on the table ..........................

 

It's a high probability that SPX 5265 will be tested next week regardless  .........................

 

We should be sure upon the PPI on Tue. next week ............................

[redfoliage2]

 

With the opening gap now back filled I see the market going higher in the aftrnoon.  Near term a re-test of SPX 5265 is on schedule  ........................

SPX 5265 will decide if the market topped or new highs, but it's more likely it will go above 5265 next week making new highs with the Fed rate cuts on the table ..........................

 

Dips are likely to be bought till at least SPX 5265 in the week.  Then we will see ......................

Edited by redfoliage2, 13 May 2024 - 10:06 AM.

[redfoliage2]

 

 

With the opening gap now back filled I see the market going higher in the aftrnoon.  Near term a re-test of SPX 5265 is on schedule  ........................

SPX 5265 will decide if the market topped or new highs, but it's more likely it will go above 5265 next week making new highs with the Fed rate cuts on the table ..........................

 

Dips are likely to be bought till at least SPX 5265 in the week.  Then we will see ......................

 

BTW, the market breadth is strong today indicating accumulation.......... 

Edited by redfoliage2, 13 May 2024 - 10:17 AM.

[redfoliage2]

 

 

 

With the opening gap now back filled I see the market going higher in the aftrnoon.  Near term a re-test of SPX 5265 is on schedule  ........................

SPX 5265 will decide if the market topped or new highs, but it's more likely it will go above 5265 next week making new highs with the Fed rate cuts on the table ..........................

 

Dips are likely to be bought till at least SPX 5265 in the week.  Then we will see ......................

 

BTW, the market breadth is strong today indicating accumulation.......... 

 

It looks the Street insiders may be on something we don't know yet .............................

[redfoliage2]

 

 

 

 

With the opening gap now back filled I see the market going higher in the aftrnoon.  Near term a re-test of SPX 5265 is on schedule  ........................

SPX 5265 will decide if the market topped or new highs, but it's more likely it will go above 5265 next week making new highs with the Fed rate cuts on the table ..........................

 

Dips are likely to be bought till at least SPX 5265 in the week.  Then we will see ......................

 

BTW, the market breadth is strong today indicating accumulation.......... 

 

It looks the Street insiders may be on something we don't know yet .............................

 

I'm not sure if it's related to this........................

https://www.investin...figures-3437004

Edited by redfoliage2, 13 May 2024 - 10:57 AM.

[redfoliage2]

 

 

 

 

 

With the opening gap now back filled I see the market going higher in the aftrnoon.  Near term a re-test of SPX 5265 is on schedule  ........................

SPX 5265 will decide if the market topped or new highs, but it's more likely it will go above 5265 next week making new highs with the Fed rate cuts on the table ..........................

 

Dips are likely to be bought till at least SPX 5265 in the week.  Then we will see ......................

 

BTW, the market breadth is strong today indicating accumulation.......... 

 

It looks the Street insiders may be on something we don't know yet .............................

 

I'm not sure if it's related to this........................

https://www.investin...figures-3437004

 

PPI tomorrow and CPI Wed.  If the data go in-line as the Street consensus the market is likely to rally to above SPX 5265 ............................

Edited by redfoliage2, 13 May 2024 - 11:19 AM.

[redfoliage2]

This is May monthly OpEx week, likely to be volatile.  With the inflation data pending for the next two days the volatility is likely to go even higher.  Buckle up and enjoy the ride for both bulls and bears.......................... 

Edited by redfoliage2, 13 May 2024 - 01:11 PM.