105 replies to this topic

[redfoliage2]

 

 

Well, it looks some big players are buying this dip.  Now I see the opening downside gap is likely to be back filled with ES to hit 6050 - 6060 soon....................................

For SPX it should hit 6035 to have the opening gap back-filled, and 6060 for ES.  Let's see if they are going to get it done before the close.  Today's dramatic intra-day reversal indicates bulls are still in control .....................

 

Now with SPX hit 6040 and ES touched 6066 the opening downside gap from yesterday has been fully back-filled.  Technically I'd not be surprised to see a possible turn-around/profit taking from here............................

 

Well, ADP None-Farm data just out up from previous 176K to 183K, indicating the job market still tight that should keep the Fed from cutting.  It's bearish for the market and we are more likely to see the market going down today  ................................

Edited by redfoliage2, 05 February 2025 - 08:46 AM.

[dTraderB]

"Alphabet flubs, Yen surges, China returns"
As the week's tariff rollercoaster levels out a bit, Wall Street stocks are tilting lower again - clouded by a poor reception for Alphabet's results, lingering China tariff hike plans and fresh interest rate rise speculation in Japan.

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Wednesday:

U.S. January private sector payrolls from ADP, Jan service sector surveys from ISM and S&PGlobal, December international trade balance; Canada Dec international trade
Federal Reserve Vice Chair Philip Jefferson, Fed Board Governor Michelle Bowma, Chicago Fed President Austan Goolsbee and Richmond Fed chief Thomas Barkin all speak; European Central Bank chief economist Philip Lane speaks in Washington
U.S. corporate earnings: Qualcomm, Boston Scientific, Walt Disney, Ford, News Corp, T Rowe Price, MetLife, Uber, Mckesson, Coognizant, Corpay, Allstate, Emereson Electric, Align Technology, Molina, STERIS, Bunge, Johnson Controls, etc

[12SPX]

When futures were at 5965 last night I had my finger on the sell button but never went through with it.  Regret that now but we have been mostly flat so we'll see what happens in the cash market.  Market seems directionless right now and no wonder as earnings have been average and there are so many questions out there about everything.  Best to just watch premium decay for now we'll see....

[12SPX]

Took a look again sorry I meant 6055 for the sell lol!!  My eyes have been fuzzy the past few days lol!! 

[redfoliage2]

Key developments that should provide more direction to U.S. markets later on Wednesday:

U.S. January private sector payrolls from ADP, Jan service sector surveys from ISM and S&PGlobal, December international trade balance; Canada Dec international trade
Federal Reserve Vice Chair Philip Jefferson, Fed Board Governor Michelle Bowma, Chicago Fed President Austan Goolsbee and Richmond Fed chief Thomas Barkin all speak; European Central Bank chief economist Philip Lane speaks in Washington
U.S. corporate earnings: Qualcomm, Boston Scientific, Walt Disney, Ford, News Corp, T Rowe Price, MetLife, Uber, Mckesson, Coognizant, Corpay, Allstate, Emereson Electric, Align Technology, Molina, STERIS, Bunge, Johnson Controls, etc

 

"Alphabet flubs, Yen surges, China returns"
As the week's tariff rollercoaster levels out a bit, Wall Street stocks are tilting lower again - clouded by a poor reception for Alphabet's results, lingering China tariff hike plans and fresh interest rate rise speculation in Japan.

With US just stopped tariff exemption on $800 or less inbound packages from China and HK many AMZN sellers are impacted.  AMZN is likely to be hurt on its revenue.  BTW, AMZN stock down on the news today .............

Edited by redfoliage2, 05 February 2025 - 10:05 AM.

[redfoliage2]

 

Key developments that should provide more direction to U.S. markets later on Wednesday:

U.S. January private sector payrolls from ADP, Jan service sector surveys from ISM and S&PGlobal, December international trade balance; Canada Dec international trade
Federal Reserve Vice Chair Philip Jefferson, Fed Board Governor Michelle Bowma, Chicago Fed President Austan Goolsbee and Richmond Fed chief Thomas Barkin all speak; European Central Bank chief economist Philip Lane speaks in Washington
U.S. corporate earnings: Qualcomm, Boston Scientific, Walt Disney, Ford, News Corp, T Rowe Price, MetLife, Uber, Mckesson, Coognizant, Corpay, Allstate, Emereson Electric, Align Technology, Molina, STERIS, Bunge, Johnson Controls, etc

 

"Alphabet flubs, Yen surges, China returns"
As the week's tariff rollercoaster levels out a bit, Wall Street stocks are tilting lower again - clouded by a poor reception for Alphabet's results, lingering China tariff hike plans and fresh interest rate rise speculation in Japan.

With US just stopped tariff exemption on $800 or less inbound packages from China and HK many AMZN sellers are impacted.  AMZN is likely to be hurt on its revenue.  BTW, AMZN stock down on the news today .............

 

https://www.inc.com/...nesses/91143261

[redfoliage2]

 

 

Key developments that should provide more direction to U.S. markets later on Wednesday:

U.S. January private sector payrolls from ADP, Jan service sector surveys from ISM and S&PGlobal, December international trade balance; Canada Dec international trade
Federal Reserve Vice Chair Philip Jefferson, Fed Board Governor Michelle Bowma, Chicago Fed President Austan Goolsbee and Richmond Fed chief Thomas Barkin all speak; European Central Bank chief economist Philip Lane speaks in Washington
U.S. corporate earnings: Qualcomm, Boston Scientific, Walt Disney, Ford, News Corp, T Rowe Price, MetLife, Uber, Mckesson, Coognizant, Corpay, Allstate, Emereson Electric, Align Technology, Molina, STERIS, Bunge, Johnson Controls, etc

 

"Alphabet flubs, Yen surges, China returns"
As the week's tariff rollercoaster levels out a bit, Wall Street stocks are tilting lower again - clouded by a poor reception for Alphabet's results, lingering China tariff hike plans and fresh interest rate rise speculation in Japan.

With US just stopped tariff exemption on $800 or less inbound packages from China and HK many AMZN sellers are impacted.  AMZN is likely to be hurt on its revenue.  BTW, AMZN stock down on the news today .............

 

https://www.inc.com/...nesses/91143261

 

BTW, AMZN to report tomorrow and I'd not be surprised if its stock tanking upon reporting just as goog did ....................

[redfoliage2]

AMD 

 

 

 

 

Key developments that should provide more direction to U.S. markets later on Wednesday:

U.S. January private sector payrolls from ADP, Jan service sector surveys from ISM and S&PGlobal, December international trade balance; Canada Dec international trade
Federal Reserve Vice Chair Philip Jefferson, Fed Board Governor Michelle Bowma, Chicago Fed President Austan Goolsbee and Richmond Fed chief Thomas Barkin all speak; European Central Bank chief economist Philip Lane speaks in Washington
U.S. corporate earnings: Qualcomm, Boston Scientific, Walt Disney, Ford, News Corp, T Rowe Price, MetLife, Uber, Mckesson, Coognizant, Corpay, Allstate, Emereson Electric, Align Technology, Molina, STERIS, Bunge, Johnson Controls, etc

 

"Alphabet flubs, Yen surges, China returns"
As the week's tariff rollercoaster levels out a bit, Wall Street stocks are tilting lower again - clouded by a poor reception for Alphabet's results, lingering China tariff hike plans and fresh interest rate rise speculation in Japan.

With US just stopped tariff exemption on $800 or less inbound packages from China and HK many AMZN sellers are impacted.  AMZN is likely to be hurt on its revenue.  BTW, AMZN stock down on the news today .............

 

https://www.inc.com/...nesses/91143261

 

BTW, AMZN to report tomorrow and I'd not be surprised if its stock tanking upon reporting just as goog did ....................

 

Same with AMD that is down more than 7% after reporting Q4 data center revenue that was below consensus...................

[dTraderB]

Add 1 each spy, qqq, dia put above ES 6080