Will be buying more VXX CALLS if it continues to drop like this....
Posted 26 May 2021 - 11:53 AM
Will be buying more VXX CALLS if it continues to drop like this....
Posted 26 May 2021 - 12:43 PM
Dollar, Crude, and SPX were all moving UP at the same time during last few 5m bars... something has to give!
Posted 26 May 2021 - 03:04 PM
It looks a gap-up tomorrow .....................
Posted 26 May 2021 - 03:18 PM
Memorial Day bullishness seasonality but market looks indecisive
Waiting, might be another dull 2 days
It looks a gap-up tomorrow .....................
Posted 26 May 2021 - 03:22 PM
SUMMER DOLDRUMS already hit the market? Another unbearably dull day!
But, I am quite satisfied to end the day with another modest profit
Memorial Day Seasonal Bullishness in a dull & thinly-trade market could persist for the next 2 days
Losses in PUTS and CALLS, profits in HEDGE LONG & NQ DAYTRADES
40 SPY PUTS
1 ES HEDGE LONG
10 VXX CALLS
39 SPY PUTS
1 ES HEDGE LONG
5 VXX CALLS
Will add more VXX CALLS and SPY PUTS if ES trades above 4203
Will reopen VOO and INDA on market pullback below ES 4180
Closed all INDA
44 SPY PUTS
1 ES HEDGE LONG
Will put on limit orders to buy VXX CALLS
Posted 26 May 2021 - 03:29 PM
A little bit of a bubble:
Democratic Sen. John Tester of Montana asks the panel whether we're in a housing bubble, given rapid rises in housing prices in recent months and years. Goldman's David Solomon said that he doesn't believe there's a bubble, but suggested that loose monetary and fiscal policy has helped drive increased asset prices, including housing. Dimon called it "a little bit of a bubble," but said it's not like the 2008 crisis because there's not the "tremendous leverage and bad mortgage underwriting" that lead to the last housing crisis.
https://www.marketwa...5?mod=home-page
Posted 26 May 2021 - 03:31 PM
Dimon says that he's worried about inflation getting "out of whack." He said that he expects inflation to end up "considerably higher" than a 1.6% annual rate. "Hopefully, it won't get out of whack and the Federal Reserve will be able to tamp it down, but we always plan for things worse than that," Dimon said. The JPMorgan CEO said Fed policy and fiscal policy are now on "kind of an autopilot." He said the good news is that the economy will be "very strong" and this could last until 2023, but the bad news is higher inflation.
https://www.marketwa...5?mod=home-page
Posted 26 May 2021 - 07:06 PM
Edited by redfoliage2, 26 May 2021 - 07:11 PM.
Posted 26 May 2021 - 08:59 PM
Double-bottom on DOLLAY hourly charts
if INFLATION fears are dampened then market soars; if not then big drop
THURSDAY, MAY 27 8:30 am Initial jobless claims (regular state program) May 22 425,000 444,000 8:30 am Continuing jobless claims (regular state program) May 15 -- 3.75 million 8:30 am GDP revision (SAAR) Q1 6.6% 6.4% 8:30 am Durable goods orders April 0.9% 1.0% 8:30 am Nondefense capital goods, excluding aircraft April -- 1.0% 10 am Pending home sales index April 1.0% 1.9%
Big day tomorrow with key economic data out at 8:30 am EST. Market participants were optimistic about the data as internals showing increased buying in stocks today ..........
THURSDAY, MAY 27 8:30 am Initial jobless claims (regular state program) May 22 425,000 444,000 8:30 am Continuing jobless claims (regular state program) May 15 -- 3.75 million 8:30 am GDP revision (SAAR) Q1 6.6% 6.4% 8:30 am Durable goods orders April 0.9% 1.0% 8:30 am Nondefense capital goods, excluding aircraft April -- 1.0% 10 am Pending home sales index April 1.0% 1.9%
Posted 26 May 2021 - 09:00 PM
FRIDAY's data critical for market direction ST
FRIDAY, MAY 28 8:30 am Personal income April -14.0% 21.1% 8:30 am Consumer spending April 0.5% 4.2% 8:30 am Core inflation April 0.6% 0.4% 8:30 am Trade in goods deficit, advance report April -- -$90.6 billion 9:45 am Chicago PMI May 68.0 72.1 10 am Consumer sentiment index (final) May 83.0 82.8