51 replies to this topic

[linrom1]

BTW, my intra-day monitor for the market breadth is strong today indicating accumulation.  The Street probably already knew something about CPI out tomorrow, and that's why the market ignored the PPI data today.  So we are likely to see SPX testing 5265 or higher tomorrow if CPI out in-line with the Street consensus..........................   

Powell is as crooked as they come.

[redfoliage2]

Likely it's going to be bought on the rumor and sell on the fact

Edited by redfoliage2, 15 May 2024 - 07:39 AM.

[gti_99]

Congrats, well done.  You have been right all the way up.

 

I remember you used to post your RF2 signals.  Can you please post it again?  Thank you.

[redfoliage2]

Congrats, well done.  You have been right all the way up.

 

I remember you used to post your RF2 signals.  Can you please post it again?  Thank you.

With the evolution of the options in the recent years RF2 signal no longer good enough .........................

[linrom1]

Powell lived up to his reputation. Biggest Fed crook ever.

Edited by linrom1, 15 May 2024 - 08:55 AM.

[redfoliage2]

Likely it's going to be bought on the rumor and sell on the fact

Let's see if the profit taking does not take place in the afternoon it may well be deferred to tomorrow as the CPI data showed no substantial change and the inflation still remains much higher then the Fed would like to see ...........................

Edited by redfoliage2, 15 May 2024 - 10:51 AM.

[12SPX]

Yup and we'll be moving into expiration trades, I know I'm adding Junes already lol!! 

[jacek]

Yup and we'll be moving into expiration trades, I know I'm adding Junes already lol!! 

Curious what is the top of the range for the June cycle your numbers predict?

Edited by jacek, 15 May 2024 - 11:59 AM.

[12SPX]

Won't know that till I do my calculation which needs the closing price on the S&P500 and 100!!  It is safe for just throwing trades on right now though as were at highs once again.  I mean even the 5500 calls are over $10!!!!   Hmmmmmm lol!!

[jacek]

Thanks. I sold 5500/5510 june 21 spreads today

Edited by jacek, 15 May 2024 - 01:51 PM.