127 replies to this topic

[dTraderB]

Yes, but a crash unlikely
"Has US equities outperformance peaked?
Unexpectedly weak U.S. and European economic activity data set the tone on Friday, and reasonably market-friendly signs over the weekend around the prospects of a U.S.-brokered Russia-Ukraine peace deal are unlikely to improve it much.

Treasury yields fell last week, gold rose for an eighth week - its best run since 2020 - closing in on $3,000 an ounce, while the dollar stopped the rot of its recent selloff.

The Nasdaq fell 2.5%, its worst week in three months, lagging its global peers and indicating that U.S. outperformance that has been the hallmark of global equities in recent years has peaked.

As Bank of America strategists quipped, the 'Magnificent Seven' may now be the 'Lagnificent Seven'.
-- REUTERS

[dTraderB]

Hedging my longs: es short 6051
Nq short 21758.5
Ym short 43610

[dTraderB]

Hedging my longs: es short 6051
Nq short 21758.5
Ym short 43610

Add 1 each

NEW POSITION: Spy, qqq, dia CALLS below ES 6050

Going long below es 6050

[dTraderB]

He calls a TOP!


The Top is Confirmed and Now It's Just a Matter of How Low We Go
February 23, 2025 at 11:13 AM
Tom Bowley
Tom Bowley
Chief Market Strategist, EarningsBeats.com

https://stockcharts....-now-i-163.html

[dTraderB]

https://www.mcoscill...down_increasing

[12SPX]

Took my long off for a b/e as I added at the close on Friday to bring me an average to 6060!!  Not surprising were seeing a bounce at the open after a drubbing but we'll see what the cash market brings now to see if I'll try another long.  The market remains in nowhere land but has become pretty negative sentiment wise so we could see a bounce.  One thing is around 6060 last night I had a strong feeling we won't see much more so I did my daily call sell at 6090 for $4.20 is looking nicely profitable now so we'll see how the day goes!! 

 

Most importantly although close, a matching record was made at the close yesterday.  We have now seen 10 up option cycles in a row that has only been done once before, July 1999.  The next cycle was down pretty hard after that and there was a ton of volatility with the market down over -10% the next few months before bottoming and making the final high going into year end.  Will be very interesting to see how this cycle works out and if volatility really does kick up

[dTraderB]

Remaining 3 puts closed. Will start to buy spy qqq, dia CALLS below es 6020.

[12SPX]

Getting exciting for sure, trying a long at 6025....

[dTraderB]

Closed these shorts, NET LONG @ES 5999

Hedging my longs: es short 6051
Nq short 21758.5
Ym short 43610

[redfoliage2]

Just added NVDA at 133,  expect NVDA to beat the consensus numbers by a large margin .......................