330 replies to this topic

[redfoliage2]

 

Currently this maket has become trendless.  Traders just selling on intra-day bounces and buying on intra-day dips, and run away late in the afternoon.................

 

This is typical when liquidity has dried up .............................

[dTraderB]

Close 1 nq short 19235.5

Nq short 19265

Closed 1 nq short 19154.5
Flat nq, 1 es short

Close 1 nq short 19235.5

Nq short 19368.5

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]

Slow, dull, but profitable day
Key developments that could provide more direction to markets on Tuesday:
Japan unemployment rate (June)
Australia building approvals (June)
Samsung earnings (Q2)

[dTraderB]

CHINA MARKETS FALLING, AGAIN
HSI LONG 17035
BUY LIMIT 16935, 16835

LONG A50 11630
BUY LIMIT 11565, 11495

[dTraderB]

Nq short 19265.5

[dTraderB]

Markets basing, backfilling, and trying to break out of this range near JULY'S LOWS.
Es 5550 first major resistance. Still small net LONG, mainly VST & ST daytrading.
I prefer markets twst recent lows, drop lower to an ES 5300 HANDLE, e.g. 5380, and then rally. Of course, narket may do the exact opposite: spike up to new ATHs

Nq short 19265.5

[dTraderB]

Packed data/earnings day!
Key developments that should provide more direction to U.S. markets later on Tuesday:
US June JOLTS job openings report, July consumer confidence, Dallas Fed July service sector survey, May house prices
Federal Reserve's Federal Open Market Committee starts two-day policy meeting, decision Wednesday; Bank of Japan also holds Monetary Policy Meeting, decision Wednesday
US corporate earnings: Microsoft, Advanced Micro Devices, Pfizer, Merck, Corning, Proctor & Gamble, Starbucks, Caesars Entertainment, Arista Networks, Archer-Daniels-Midland, Sysco, Stryker, Skyworks Solutions, S&P Global, Stanley Black & Decker, American Tower, Illinois Took Works, Mondelez, Essex Property, First Solar, FirstEnergy, Howmet, Xylem, Incyte, Zebra, Match, Live Nation, Ecolab, Gartner etc

[dTraderB]

Es shprt 5520.25

Nq short 19265.5

[linrom1]

It looks like there are going to be opportunities to get back into MAGA7 today again right before Windows11 reports just before the close.

[redfoliage2]

It looks like there are going to be opportunities to get back into MAGA7 today again right before Windows11 reports just before the close.

I see it too.  Now it's all up to what Powell will say tomorrow.  Little variations in the job data likely to be ignored....................

Edited by redfoliage2, 30 July 2024 - 09:34 AM.