99 replies to this topic

[dTraderB]

NVDA EARNINGS next week. Stock up more than 30% since recent lows. Closed more than 75% of longs. Will hold remaining longs, buy more stock below 110, SELL CALLS from now until eatnings if stock above 125

[dTraderB]

Scalping LONGS, add IT SHORTS. Can this narket continue to ignore all bad news? Yes, but not for much longer.

Rounding up again, average short 5570

[dTraderB]

That PAYROLL REVISED DATA may finally shift sentiment towards "BAD NEWS IS BAD"
"US NON-FARM PAYROLLS HAVE BEEN REVISED DOWN BY A WHOPPING 818,000

THIS IS FOR THE 12 MONTH PERIOD THROUGH MARCH 2024

This revision is the largest since 2009, the last year of the Great Financial Crisis

Truly insane."

[dTraderB]

Added 2 each spy & qqq puts

[dTraderB]

Closed bq & es long 19873.5, 5636.25

Nq long 19816.5

Closed es long 5646.5

Close nq long 19930

Es long 5618.75

Net short 1 each es, nq

Long nq 19795

Nq long 19805
Es long 5623.5

[dTraderB]

Close SMCI CALL

[redfoliage2]

Yes, at this juncture bad news is ignored and even treated as good news in terms of the pending Fed rate decision ......................

Edited by redfoliage2, 21 August 2024 - 02:00 PM.

[dTraderB]

Closed nq long 19916.5

[dTraderB]

Earnings and economic calendar

Thursday

Economic data: Initial jobless claims, week ending Aug. 17 (227,00 previously); S&P Global US manufacturing PMI, August preliminary (49.6 prior); S&P Global US services PMI, August preliminary (55 prior); S&P Global US composite PMI, August preliminary (54.3 prior); Existing home sales, month-over-month, July (+0.3% expected, -5.4% prior)

Earnings: Advance Auto Parts (AAP), BJ's (BJ), Cava (CAVA), Intuit (INTU), Peloton (PTON), Red Robin (RRGB), Ross Stores (ROST), Viking Therapeutics (VKTX), Workday (WDAY)

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Friday

Economic data: New home sales month-over-month, July (+2.6% expected, -0.6% prior); Kansas City Fed services activity, August (-4 prior)

Earnings: No notable earnings.

[dTraderB]

MY FF: POWELL'S VERY BULLISH SPEECH ON FRIDAY will be followed by a ST TOP.
"
Fed Chair Jay Powell is set to speak on Friday in a key policy speech at Jackson Hole. If anything, this data tilts the focus on that discussion away from inflation even further and back toward the labor market.

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As David Mericle, chief US economist at Goldman Sachs, wrote in a note earlier this month, "We expect Powell to express a bit more confidence in the inflation outlook and to put a bit more emphasis on downside risks in the labor market than in his press conference after the July FOMC meeting, in light of the data released since then."