122 replies to this topic

[12SPX]

There's a geopolitical situation what happened??

[redfoliage2]

Likely conflict escalation as Israel weighing retaliation for Iran's missile attack

https://www.wsj.com/...bollah-conflict

Edited by redfoliage2, 03 October 2024 - 10:55 AM.

[12SPX]

Oh that one from a few days ago...

[redfoliage2]

I don't think this has happened yet - "Israel weighing retaliation for Iran's missile attack ........................."

Edited by redfoliage2, 03 October 2024 - 11:50 AM.

[redfoliage2]

BTW, if NFP out in the morning better than the consensus there may be no rate cut at the next Fed meeing, then I'd expect USD to go up and stocks to go down ...................

Edited by redfoliage2, 03 October 2024 - 11:15 PM.

[redfoliage2]

The opening pop got sold as the market now is to price in a no rate cut at the Nov. Fed meeting.  It's just a gift for bears. BTW, USD up half a point on the NFP ................... 

Edited by redfoliage2, 04 October 2024 - 09:37 AM.

[redfoliage2]

With uncertainties in the mideast crisis and the crude price, in the Fed policy rate, and in the upcoming presidential election the stock market is likely to be under pressue for some more time.  October bounces are more likely to get sold .........................

Edited by redfoliage2, 04 October 2024 - 11:40 AM.

[redfoliage2]

The McClellan Summation index is turning down from its oscillating peak indicating a ST top here for the market   ................

Edited by redfoliage2, 07 October 2024 - 09:23 AM.

[12SPX]

profit stop 5775, sell above

[12SPX]

Out for an 8 point profit and back in with a short build at 5780