78 replies to this topic

[dTraderB]

FUNDSTRAT:
Bulls Rage On
Stocks miraculously finished the week higher, reiterating the belief that the bull market isnt going anywhere. The S&P 500 added 1.5% this week, despite a hotter-than-expected inflation report and worries about reciprocal tariffs. The broad-based index is up 4% this year.

The stock market has had many opportunities to sell-off, but it has been resilient, Fundstrat Head of Research Tom Lee said.

On Wednesday, the Bureau of Labor Statistics reported that consumer prices rose 0.5% from a month ago on a seasonally adjusted basis. That marked the largest increase in the reading since August 2023. On an annual basis, headline CPI rose above 3% for the first time since June.

And just like that, investors were back to worrying about the progress on inflation stalling. The S&P 500 fell 0.3% on Wednesday. Bond yields jumped above 4.6%.

Lee, however, isnt panicked by the jittery inflationary report, pointing out that Federal Reserve Chair Jerome Powell acknowledged the CPI print during his Congressional testimony, but did not suggest that the progress on inflation had stalled. This implies the Fed still sees inflation cooling over time, Lee added.

The market calmed down some Thursday after the producer-price index painted a better picture. That report could imply a softer personal-consumption expenditures reportthe Feds preferred inflation gaugeas the components that feed into it from PPI were soft in January.

But for now, the market continues to be choppy.

Its a big chop-fest, where we havent seen a lot of satisfying movement, Head of Technical Strategy Mark Newton said.

[dTraderB]

Am NET SMALL SHORT, will add above current ATH

[dTraderB]

Will close this set of LONGS above ES 6155

Es long 6126
Nq long 22080
Ym long 44695

Am NET SMALL SHORT, will add above current ATH

[12SPX]

Well isn't this getting fun, surprised were up this morning but we'll see.  Added to my short so now my average short is 6138 as 6150 was hit.  All of this excitement even with 2 Fed heads saying they wouldn't do rate cuts here lol!!  Think the pop higher in futures happened at the same time that Australia decided to lower rates for the first time ever.  Going to be an interesting day as the public investor is at its highest peak ever for investing in the market.

[12SPX]

Omg, just saw margin debt and free cash levels from Lance Roberts.  Now I understand why sentiment index's hit the fear zone so fast even if we move down -1%.  That is insane and I hate to say but this time is not different, people are far to in debt!!  

[dTraderB]

Es long 6145

[dTraderB]

Nq long 22262

[dTraderB]

Will add SOY, QQQ, DIA PUTs Above new ath

[dTraderB]

Ym long 44585

[12SPX]

And how about that, out for a 3 point profit, will sell a little higher....