Jump to content



Photo

BEARS battered, AI rally to new ATH


  • Please log in to reply
146 replies to this topic

#1 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 02 June 2024 - 05:17 PM

That was a amazing reversal on Friday that battered many bears but JUNE may be much happier for SHORTS.
AI RALLY CONTINUES UNTIL BUBBLE EXPLODES ...
Holding small NET SHORT, will add above ES 5325 (JUNE). WILL ROLL OVER into SEP CONTRACTS

#2 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 02 June 2024 - 05:20 PM

Here are key developments that could provide more direction to ASIAN markets on Monday:
Manufacturing PMIs - China, Japan, South Korea (May)
Indonesia inflation (May)
India exit polls reaction

#3 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 02 June 2024 - 05:36 PM

Very bullish poll 58-42
Helene Meisler (@hmeisler) posted at 1:03 PM on Sat, Jun 01, 2024:
The results are in and folks lean bullish for the 7th straight week. We had a 9 week UP streak in Oct/November.
Thanks so much for voting!

https://t.co/t0YBYpc9CH

#4 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 02 June 2024 - 05:39 PM

Yeah, market is RIGGED. LIFE is RIGGED...

"You might think the market is rigged. And maybe it is.

But price is the only thing that pays.

And if prices are being manipulated to the upside, and you're not profiting from it, then that's on you.

If you don't like it, then take your ball and go home. Go play somewhere else.

But for the rest of us adults in the room, we understand that the system isn't perfect. It never has been. It likely never will be.

But that doesn't mean that we have to give our profits back.

Quite the opposite. We actually get to keep it and spend it however we want."
https://allstarcharts.com/blog/

Very bullish poll 58-42
Helene Meisler (@hmeisler) posted at 1:03 PM on Sat, Jun 01, 2024:
The results are in and folks lean bullish for the 7th straight week. We had a 9 week UP streak in Oct/November.
Thanks so much for voting!

https://t.co/t0YBYpc9CH



#5 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 02 June 2024 - 05:41 PM

"Hindenburg Omen Flashes Initial Sell Signal"

https://stockcharts....initia-852.html

#6 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 02 June 2024 - 05:45 PM

"Two Risk-Off Composite Model members triggered warnings
Key points:

Two components in the Risk-Off Composite Model issued warnings, indicating deteriorating stock participation
Similar precedents preceded negative returns for the S&P 500 over the subsequent two months
The signal count for the Risk-Off Composite Model rose to 40%, one alert short of a broad composite warning"

https://mailchi.mp/5...gs?e=b27dc45da1

"Hindenburg Omen Flashes Initial Sell Signal"

https://stockcharts....initia-852.html



#7 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 03 June 2024 - 05:59 AM

"June kicks off with a series of big election results around the world - with big landslides unfolding for favoured candidates in Mexico and India - while Wall Street has perked up in a key week for the U.S. labour market.
Key developments that should provide more direction to U.S. markets later on Tuesday:
US May manufacturing surveys from ISM and S&P Global, April construction spending
US Treasury auctions 3-, 6-month bills

#8 slupert

slupert

    Member

  • Traders-Talk User
  • 2,826 posts

Posted 03 June 2024 - 06:12 AM

That was a amazing reversal on Friday that battered many bears but JUNE may be much happier for SHORTS.
AI RALLY CONTINUES UNTIL BUBBLE EXPLODES ...
Holding small NET SHORT, will add above ES 5325 (JUNE). WILL ROLL OVER into SEP CONTRACTS

beer improve,  https://schrts.co/APNFXQXj



#9 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 03 June 2024 - 06:34 AM

Yes, this is an AI BUBBLE .... market can soar even higher, SPX 5600 possible before it cools... still this far smaller than the DOT COM BUBBLE:

The Kobeissi Letter (@KobeissiLetter) posted at 7:26 AM on Mon, Jun 03, 2024:
BREAKING: GameStop stock, $GME, soars over 80% after "Roaring Kitty" announces that he has bought $65 million of call options and $116 million of stock.

"Roaring Kitty" is currently up over $300 million on this $GME position.

The stock has now added $5 BILLION of market cap https://t.co/F23Yw4SBDl

#10 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 18,525 posts

Posted 03 June 2024 - 06:39 AM

Jeffrey A. Hirsch (@AlmanacTrader) posted at 0:15 PM on Fri, May 31, 2024:

June Better in Election Years: Average Gains Range from 0.9% DJIA to 1.9% NASDAQ

https://t.co/n2UFtd6Irmhttps://t.co/f1jS3B5nYG