135 replies to this topic

[redfoliage2]

 

 

 

 

 

PPI data out - Core YOY down from 3.8% to 3.4% and Core MOM down from 0.5% into negative indicating inflation is still going on the downtrend.  Jobless claims data showing a stable job market.

 

 

VST, I'd expect more better than expected news on the way .........................

 

Something going to come up unexpected in favor of bulls ......................

I see it's likely to come as soon as later today seeing big players are actively buying now .......................

 

The market internals getting a huge lift today, something has not happened for quite a while.  I guess the Senate is likely to pass the stopgap bill later today............................

 

If so, it's going to be a 100-plus SPX point up day with the IT bottom set  .................................

 

Then a rally likely to follow next Monday and for the next week, the March monthly OpEx week ................................

As I said earlier today this is likely a trend day with the market to close at high of day 

 

Probably lots of short covering toward the end of the day or they are likely to be trapped here for a long time  .................................. 

Edited by redfoliage2, 14 March 2025 - 02:16 PM.

[redfoliage2]

 

 

 

 

 

 

PPI data out - Core YOY down from 3.8% to 3.4% and Core MOM down from 0.5% into negative indicating inflation is still going on the downtrend.  Jobless claims data showing a stable job market.

 

 

VST, I'd expect more better than expected news on the way .........................

 

Something going to come up unexpected in favor of bulls ......................

I see it's likely to come as soon as later today seeing big players are actively buying now .......................

 

The market internals getting a huge lift today, something has not happened for quite a while.  I guess the Senate is likely to pass the stopgap bill later today............................

 

If so, it's going to be a 100-plus SPX point up day with the IT bottom set  .................................

 

Then a rally likely to follow next Monday and for the next week, the March monthly OpEx week ................................

As I said earlier today this is likely a trend day with the market to close at high of day 

 

Probably lots of short covering toward the end of the day or they are likely to be trapped here for a long time  .................................. 

 

BTW, I see there is a 90% probability the stopgap bill will pass the senate later today ..............................

[12SPX]

Well this has been fun, got out of 5610 calls flat as the market remains higher here now and sold 5630's for $10 but with only a half ago took them off for a $2 profit and sold Monday's 5675 calls for $9.50 so I don't have to worry about what happens at the close!!  Have a great weekend everyone!! 

[redfoliage2]

 

 

 

 

 

 

 

PPI data out - Core YOY down from 3.8% to 3.4% and Core MOM down from 0.5% into negative indicating inflation is still going on the downtrend.  Jobless claims data showing a stable job market.

 

 

VST, I'd expect more better than expected news on the way .........................

 

Something going to come up unexpected in favor of bulls ......................

I see it's likely to come as soon as later today seeing big players are actively buying now .......................

 

The market internals getting a huge lift today, something has not happened for quite a while.  I guess the Senate is likely to pass the stopgap bill later today............................

 

If so, it's going to be a 100-plus SPX point up day with the IT bottom set  .................................

 

Then a rally likely to follow next Monday and for the next week, the March monthly OpEx week ................................

As I said earlier today this is likely a trend day with the market to close at high of day 

 

Probably lots of short covering toward the end of the day or they are likely to be trapped here for a long time  .................................. 

 

BTW, I see there is a 90% probability the stopgap bill will pass the senate later today ..............................

 

Well, let's see if SPX tags 5650 before the close and then to gap open at 5700 next Monday ......................

Edited by redfoliage2, 14 March 2025 - 02:54 PM.

[dTraderB]

Strong rally from bulls. Could be a 2% plus day for us. Taking profits but want to still hold a
Big long NET position for a few more days.

[redfoliage2]

Now the market is in ST over-bought conditions as SPX has risen about 150 points from last Friday's low.  I'd not be surprised to see a consolidation around this place  ......................