122 replies to this topic

[redfoliage2]

But it's also possible "they" may pull the rug out any time soon as generals got shot down upon their reports, beat or not..............................

Edited by redfoliage2, 31 October 2024 - 02:18 AM.

[redfoliage2]

But it's also possible "they" may pull the rug out any time soon as generals got shot down upon their reports, beat or not..............................

This selling is not about fundamentals, nor technicals, just event driven about the presidential election.  "They" will be back as quickly as they can after the election regardless who will be elected.  We are likely to see SPX 5800 - 6000 before the end of the year...........................

Edited by redfoliage2, 31 October 2024 - 01:09 PM.

[redfoliage2]

 

But it's also possible "they" may pull the rug out any time soon as generals got shot down upon their reports, beat or not..............................

This selling is not about fundamentals, nor technicals, just event driven about the presidential election.  "They" will be back as quickly as they can after the election regardless who will be elected.  We are likely to see SPX 5800 - 6000 before the end of the year...........................

 

BTW, in 2016 presidential election the market was also very concerned with Trump being elected before the election day.  But when the election was over and Trump was elected the stock market got a huge rally with SPX futures up more than 100 points even before the cash market open .............................

Edited by redfoliage2, 31 October 2024 - 03:28 PM.

[redfoliage2]

Non-farm payroll just out at 12K for the month of October vs consensus 106K, down from previous 223K, indicating job market is cooling even after considering the weather factors and the strikes.  So the yield of 10-Year T-bond went down more than 1% on the data.  Recent data should bolster the Fed rate cut at its Nov. meeting ........................

Edited by redfoliage2, 01 November 2024 - 08:05 AM.

[redfoliage2]

Even after yesterday's selling I'd not trust bounces before the election day ..........................

Edited by redfoliage2, 01 November 2024 - 09:05 AM.

[redfoliage2]

Even after yesterday's selling I'd not trust bounces before the election day ..........................

I'd expect more dumping later today ..........................

Edited by redfoliage2, 01 November 2024 - 09:44 AM.

[redfoliage2]

Now not much time left for shorts to cover as we are likely to see a big rally upon the election .....................

Edited by redfoliage2, 04 November 2024 - 09:58 AM.

[redfoliage2]

Now not much time left for shorts to cover as we are likely to see a big rally upon the election .....................

So, we are likely to see the market going higher today and tomorrow .........................

Edited by redfoliage2, 04 November 2024 - 10:12 AM.

[redfoliage2]

Deleted

Edited by redfoliage2, 04 November 2024 - 11:09 AM.

[redfoliage2]

Now not much time left for shorts to cover as we are likely to see a big rally upon the election .....................

But this is just assuming nothing unexpected will happen with the election .....................

Edited by redfoliage2, 04 November 2024 - 11:14 AM.