40 replies to this topic

[redfoliage2]

Deleted

Edited by redfoliage2, 26 September 2024 - 12:41 PM.

[redfoliage2]

When we make calls we actually put our trade in to go along with our opinion instead of living on hopes and dreams, oh and note I'm long the ndx after it turned red lol!! 

Obviously you are unable to present a correct view on the market as you keep flipping your numbers and views every few minutes.  But my market calls have been correct 80% of the time .....................................

Edited by redfoliage2, 26 September 2024 - 12:46 PM.

[12SPX]

Because this is called "traders talk" so a good trader goes both ways as the market moves.  In case you haven't noticed but it goes up and down and my trades have followed it  along the way.  Most important is that I actually show them not like some people on here that make big claims lol!!  I have stuck with my long term view that the upside for the market in the long long long term is limited but sorry you can't say you've been 80% correct when you haven't even put one trade up.  All I ever see is you make a call and then flip the other way when the market doesn't go your way.  Put up a trade and follow it through to the end and I'll change my view point. 

[redfoliage2]

BTW, tomorrow's PCE going to be as benign as the Fed would like to see ...................................

It's understandable as traders took some profit on today's gap up as the market waiting on PCE to be released tomorrow morning.  But it's likely another gap up upon PCE is in the cards for tomorrow.  This is a data-driven market  ............................

Edited by redfoliage2, 26 September 2024 - 02:07 PM.

[redfoliage2]

As I predicted PCE out today indicating inflation cooling down and closer to the Fed's 2% target, that should make the odds higher for another 50 bpt cut at the Fed Nov. meeting..............................

Edited by redfoliage2, 27 September 2024 - 09:10 AM.

[redfoliage2]

ST the market is looking tired.............................

[redfoliage2]

Last day of EOQ window dressing.  ST we are likely to see a pullback  ................

Edited by redfoliage2, 30 September 2024 - 01:44 PM.

[redfoliage2]

Well as I said last Friday we are seeing a rough start for the October.  Bears are back in control as VIX rising quickly from a double bottom   .........................

Edited by redfoliage2, 01 October 2024 - 10:54 AM.

[redfoliage2]

Today's ADP NonFarm Employment data dims out the hope for a 50bpt rate cut by the Fed at its next policy meeting .........................

[redfoliage2]

The stock market is under pressure by the geopolitical situation in the mideast and by the diminishing chance for a 50 bpt rate cut by the Fed............................ 

Edited by redfoliage2, 03 October 2024 - 10:42 AM.