330 replies to this topic

[dTraderB]

BEARS TOO TIMID? I think so since they did not go for the jugular when market was plunging.
Best week of 2024 for us but now holding small net LONG with minor hedges while waiting for markets to provide info on next major move.

Bullish Poll 62-38
Helene Meisler (@hmeisler) posted at 1:08 PM on Sat, Jul 27, 2024:
The results are in and folks lean bullish. In fact it is the most bullish since the first week of May.

Thanks so much for voting! https://t.co/Pc48twoA3p

[dTraderB]

I will add LONGS below ES 5450

Schwab Network (@SchwabNetwork) posted at 5:03 PM on Fri, Jul 26, 2024:
#RiskRadar 🚥

The battle for $SPX 5,500 next week should be fireworks, says @OJRenick, and bears now hold a small edge:

(https://x.com/Schwab...5429466565?s=03)

[dTraderB]

Dan Ives (@DivesTech) posted at 4:43 PM on Sun, Jul 28, 2024:

The Street this week will be looking for positive clues around the pace of the AI Revolution from behemoths Microsoft, Amazon, Meta, and Apple among others to gauge the pace of spending and better understand the trajectory of this AI tidal wave hitting the tech sector. 🏆🐂🔥

(https://x.com/DivesT...1687860431?s=03)

[dTraderB]

Interesting:

Bob Elliott (@BobEUnlimited) posted at 0:01 PM on Thu, Jul 25, 2024:
Tell me why again there should be an aggressive easing cycle with:
* Real GDP growth at 2.8%
* Core PCE price growth at 2.9%
* Stocks up double digits this year and just off all time highs
* Spreads near secular lows
Tom McClellan (@McClellanOsc) posted at 10:20 AM on Fri, Jul 26, 2024:
I'll tell you why: Because the 2-year T-Note yield says so. And it has a better track record of knowing what the FF Target Rate should be than all 400 of the Fed's PhDs. https://t.co/VU57yQu0bO

[dTraderB]

Rose 80 points on Friday!
https://www.mcoscill...t_breadth_data/

[dTraderB]

Nq short 19286.5
Es short 5521

[dTraderB]

"Calmer, but for how long?
Key developments that should provide more direction to U.S. markets later on Monday:
Earnings: McDonalds, Chesapeake Energy
U.S. Treasury announces quarterly borrowing estimates
Dallas Fed manufacturing activity

[dTraderB]

Close 1 es short 5513.75

Nq short 19286.5
Es short 5521

[dTraderB]

From last week:

Es short 5483.5
Nq short 19185
Net short 1 each
A great week, best of year. Hedging small net long account position, and will try to limit an loss today & rest of month to less than 1%.

[dTraderB]

Closed 1 nq short 19278

Close 1 es short 5513.75

Nq short 19286.5
Es short 5521