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This NFP Is Likley to Keep the Fed Remaining Hawkish


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#1 redfoliage2

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Posted 07 June 2024 - 09:07 AM

The NFP indicates the Fed is more likely to remain hawkish at the meeting next week.  Technically this is about the time to get out for now and then wait for what the Fed will say.................

 

Edited by redfoliage2, 07 June 2024 - 09:10 AM.


#2 redfoliage2

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Posted 07 June 2024 - 09:11 AM

The market is likely to pullback early next week ............................


Edited by redfoliage2, 07 June 2024 - 09:19 AM.


#3 redfoliage2

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Posted 07 June 2024 - 10:46 AM

If the Fed remains hawkish at the meeting next week it's very likely the market will be going into a correction as the market is currently in overbought conditions ................................


Edited by redfoliage2, 07 June 2024 - 10:48 AM.


#4 redfoliage2

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Posted 07 June 2024 - 11:02 AM

If the Fed remains hawkish at the meeting next week it's very likely the market will be going into a correction as the market is currently in overbought conditions ................................

The market breadth stopped advancing since yesterday as a leading indicator ................................

 ................................


Edited by redfoliage2, 07 June 2024 - 11:07 AM.


#5 redfoliage2

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Posted 07 June 2024 - 12:02 PM

 

If the Fed remains hawkish at the meeting next week it's very likely the market will be going into a correction as the market is currently in overbought conditions ................................

The market breadth stopped advancing since yesterday as a leading indicator ................................

 ................................

 

The 10-year Treasury yield, another leading indicator shot up by 3% today ..........................


Edited by redfoliage2, 07 June 2024 - 12:04 PM.


#6 redfoliage2

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Posted 07 June 2024 - 01:11 PM

This looks the market is likely to go down next Monday as the intra-day bounces got relentlessly sold today and traders getting ready for the Fed early next week .......................


Edited by redfoliage2, 07 June 2024 - 01:20 PM.


#7 redfoliage2

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Posted 07 June 2024 - 01:51 PM

This looks the market is likely to go down next Monday as the intra-day bounces got relentlessly sold today and traders getting ready for the Fed early next week .......................

Unless bulls are able to close the day at high ...............................



#8 redfoliage2

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Posted 07 June 2024 - 03:06 PM

 

This looks the market is likely to go down next Monday as the intra-day bounces got relentlessly sold today and traders getting ready for the Fed early next week .......................

Unless bulls are able to close the day at high ...............................

 

Well, both NDX and SPX closed the day at low instead.........................


Edited by redfoliage2, 07 June 2024 - 03:07 PM.


#9 redfoliage2

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Posted 11 June 2024 - 01:12 PM

Dips got bought relentlessly today and it looks that traders are betting CPI out tomorrow likely to be good for the stock market.  I suspect the data may have been leaked out ...........................


Edited by redfoliage2, 11 June 2024 - 01:15 PM.


#10 redfoliage2

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Posted 11 June 2024 - 01:25 PM

Dips got bought relentlessly today and it looks that traders are betting CPI out tomorrow likely to be good for the stock market.  I suspect the data may have been leaked out ...........................

BTW, the 10-year T-bond yield down more than 1% today in front of the pending CPI.  It's telling .....................


Edited by redfoliage2, 11 June 2024 - 01:33 PM.