141 replies to this topic

[redfoliage2]

 

 

 

PCE data out with MOM core PCE 0.2% up from previous 0.1% and YOY core PCE stayed at 2.8%.  Not as good as the rumor said yesterday...........................

Just take a look at AAPL today this looks a pump to dump move.  AAPL got sold from opening high 247 to below 240 likely by institutions....................

 

I see another wave of dumping in the afternoon by pension funds ....................

 

Could be part of it but the selling started as soon as it was confirmed tarrifs go into effect tomorrow

 

Just take a look at AAPL hourly chart ....................

[12SPX]

Hmmmmmm, profit stop 6110 once again, lets see, if hit I think I'll wait to the close to put a trade on or if we spike up again....

[12SPX]

Getting exciting, profit stop 6100...

[12SPX]

Hmmmmm I think because I have to leave soon anyhow, I'm going to move my profit stop all the way back up to 6114 and sell above as it could get interesting over the weekend....

[dTraderB]

Taking some profits on this pullback. Ending one of our best JANUARY on a good note. Will reopen a few shorts above ES 6120

Totally VST trades today NQ, ES
Very small net short but will start to add with new SPY, QQQ, DIA PUT positions above ES 6145 & 6170

Closed long 1 each es, nq, ym @ 6117.5, 21779, 45117

Net short 1 each

[dTraderB]

Wow! Cascading down... will take as much profit as pissible....

[redfoliage2]

Trump tariffs to start over the weekend? 

 

https://www.nbcnews....ates-rcna190078

[dTraderB]

Nice... flat @ es 6064

Will go slightly long belowves 6055, maybe buy SSO, or SPY & DIA CALL

[redfoliage2]

Trump tariffs to start over the weekend? 

 

https://www.nbcnews....ates-rcna190078

Here is the domino effect of higher tariffs on SPX:

Higher tariffs >> higher inflation >> higher interest rates >> stronger USD >> less SPX sales on the international markets and higher operation cost in the US >> lower SPX earnings >> stock prices to go down

 

A bear market on the way?

Edited by redfoliage2, 31 January 2025 - 03:28 PM.

[dTraderB]

Long es 6062, nq, 21561.5 ym 44685