330 replies to this topic

[dTraderB]

Up since 4:30am as alerts triggerred. VST ES & NQ trades.

[dTraderB]

Es short 5420.5

Close 1 es short 5430.25
Close nq short 18732.5

Now net short 1 each es, nq

[dTraderB]

Nq short 18719.75

Es short 5420.5

Close 1 es short 5430.25
Close nq short 18732.5

Now net short 1 each es, nq

[dTraderB]

"ANXIOUS AUGUST"
"Rethinking recession risks and AI, markets take fright
August looks anxious already - as stock markets take fright at Big Tech earnings and start to reconsider 'hard landing' scenarios for the world economy just as central banks ease and bond yields plummet.


It's been a frantic week's trading in all corners of the financial world. Regardless of the recently vaunted rotation of stock sectors, the biggest rotation that's emerging is one from stocks to bonds as 'recession' creeps back into parlance.
Key developments that should provide more direction to U.S. markets later on Friday:
US July employment report, June factory goods orders
Richmond Federal Reserve President Thomas Barkin speaks; Bank of England Chief Economist Huw Pill speaks
US corporate earnings: Exxon Mobil, Chevron, Cboe Global Markets, Coinbase Global, PPL, Linde, Perella Weinberg, Church & Dwight, LyondellBassell Industries etc

[dTraderB]

FED MUST ACT NOW!
POWELL BOTCHING THE RATE CUT ALSO.
Markets are now sending a STRONG MESSAGE to POWELL: CUT NOW or else SPX 5K, then 4800 by end of August.

"Markets wilt as growth risks slam yields
Key developments that could provide more direction to market on Friday:
South Korea inflation (July)
Australia producer price inflation (Q2)
U.S. non-farm payrolls (July)

If NFP better than expected, the Fed may keep waiting.......................

[dTraderB]

INTEL is now merely another mediocre struggling outdated chip company!
"Intel Cuts 15,000 Jobs In Painful But Necessary Move
Chip maker Intel said it is cutting 15,000 jobs and suspending its dividend after reporting disappointing earnings and weak guidance."

[dTraderB]

Still holding above zero:
https://www.mcoscill...t_breadth_data/

[dTraderB]

VIX Futures Spread Indicator - Free Weekly Technical Analysis Chart

"Right now, in August 2024, the stock market appears to still be in an uptrend, and we have a pretty decent oversold reading for this VIX spread indicator. It is not the juiciest oversold reading ever, but pretty good for what you might hope to see in an uptrend."
https://www.mcoscill...read_indicator/

[12SPX]

Hmmmmmm well this is interesting to watch lol!  Haven't done anything as the market is getting flushed lower which is interesting as the grind is back lol, not sure I want to be long or short just yet but have a feeling it would be a better time to start to build a long here after the employment report comes out. 

[redfoliage2]

It looks all about the job data to be released soon, and likely they already knew .................  

Edited by redfoliage2, 02 August 2024 - 07:32 AM.