Member
Posted 07 October 2024 - 02:20 PM
Today US stock market got a selloff as Israel is observing a somber day of commemoration to mark the first anniversary of the October 7 Hamas attacks. I just sold the ES puts I bought last Friday ......................
Edited by redfoliage2, 07 October 2024 - 02:30 PM.
Member
Posted 08 October 2024 - 09:16 AM
Well, at this juncture I don't trust October bounces and so I just loaded some ES OTM puts again as the uncertainties still there and now we got one more that's earnings ......................
Edited by redfoliage2, 08 October 2024 - 09:24 AM.
Member
Posted 09 October 2024 - 11:06 AM
It looks nothing could stop this mad bull as it keeps making new highs ........................
Member
Posted 09 October 2024 - 11:31 AM
It looks nothing could stop this mad bull as it keeps making new highs ........................
But technically it's ST over bought .....................
Edited by redfoliage2, 09 October 2024 - 11:31 AM.
Member
Posted 09 October 2024 - 02:28 PM
Well, this is buying on the rumor for tomorrow's CPI ...............................
Member
Posted 10 October 2024 - 08:35 AM
CPI out slightly hotter than the consensus - YOY: 2.4% vs expected 2.3% and core 3.3% vs expected 3.2%. MOM: 0.2% vs expected 01% and Core 0.3 vs 0.2 expected according to investing.com. Index futures went down on the data while waiting for the cash market to open ...................
Member
Posted 10 October 2024 - 12:57 PM
With today's consolidation the market may still go higher tomorrow on a benign PPI ..................
Edited by redfoliage2, 10 October 2024 - 01:02 PM.
Member
Posted 11 October 2024 - 07:55 AM
PPI out indicating inflation cooling down a little bit last month - YOY 1.8% vs previous 1.9% and MOM 0% vs previous 0.2% according to investing.com.
BTW, big banks kick off earnings reporting season today that is likely a main factor influencing market directions for the next few weeks ..............................
Edited by redfoliage2, 11 October 2024 - 08:04 AM.
Member
Posted 11 October 2024 - 11:16 AM
SPX made a breakout today as the data showing inflation continuously cooling down and the Fed is more likely to cut again at the Nov meeting. Now GS analysts seeing a SPX 6000 target .............................
Edited by redfoliage2, 11 October 2024 - 11:18 AM.
Member
Posted 11 October 2024 - 11:33 AM
SPX made a breakout today as the data showing inflation continuously cooling down and the Fed is more likely to cut again at the Nov meeting. Now GS analysts seeing a SPX 6000 target .............................
GS sees SPX 6000 in just 3 months:
"a 3-month S&P 500 price target of 6000, up from a prior estimate of 5600. They also set a 6-month target of 6100 and a 12-month target of 6300, compared to their previous forecast of 6000"
https://www.investin...arnings-3650371
Edited by redfoliage2, 11 October 2024 - 11:34 AM.
