68 replies to this topic

[redfoliage2]

In the last two weeks IWM/QQQ were steadily down from 0.51 to 0.45 indicating money has been moving back into the big tech.  Yesterday bulls were determined to push up QQQ and NDX for a breakout over the ST downtrend line.  

 

 

Dips are likely to be bought thruout the day ........................

 

Dips are likely to be bought thruout the day ........................

Thanks to the fresh PPI and CPI data indicating slower inflation the recent market recovery is likely to continue into the Fed Jackson Hole meeting on August 22-24 where the Fed president now is more likely to present a prelude for the coming rate cutting .................................. 

 

With that said logically the market is likely to take any bad economic data as good for favoring Fed rate cutting.......................................... ....................................

Edited by redfoliage2, 15 August 2024 - 02:10 AM.

[redfoliage2]

deleted

Edited by redfoliage2, 15 August 2024 - 02:27 AM.

[redfoliage2]

Edit

The title should be changed into "NQ Back into Bullish Trend"

[redfoliage2]

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

[redfoliage2]

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

Edited by redfoliage2, 15 August 2024 - 11:32 AM.

[linrom1]

If people had a brain, they would ask where is the liquidity coming from Mr. Bubble head Powell, given that we were told that the yen-carry trade was about 75% unwound?

[redfoliage2]

If people had a brain, they would ask where is the liquidity coming from Mr. Bubble head Powell, given that we were told that the yen-carry trade was about 75% unwound?

Money coming back into stocks after the recent correction.  With the Fear and Greed index still low at 33 I'd expect more money back into the play ....................... 

[redfoliage2]

Going into the Fed Jackson Hole conference next week dips are more likely to be bought and the market likely going higher, then it will depend on what Powell is going to say at the conference .............................

Edited by redfoliage2, 16 August 2024 - 07:05 AM.

[redfoliage2]

VST (later today or early next week) I see SPX is likely to follow NDX back into its LT bullish trend channel ........................

Edited by redfoliage2, 16 August 2024 - 09:17 AM.

[redfoliage2]

 

 

Edit

The title should be changed into "NQ Back into Bullish Trend"

Now no need to change the title as QQQ and NDX following NQ back into their LT bullish trend............................

 

ST we are likely to see SPX and NDX regaining their previous highs just before the recent correction, or even new highs .......................

 

Now it looks more likely new highs if Powell says something the market likes at the JH conference.......................

Edited by redfoliage2, 20 August 2024 - 08:47 AM.