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March inflation comes in hotter than expected: Dashing hopes for early rate cuts?
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UPDATE April 15

A quick post. I was working on a longer one but i threw my back out and so i covered myself in icy hot and fell asleep 🤣
I wanted to get a post out because we are at a pivitol area in the markets. I still expect a larger drop coming, I would watch for Israel to hit nuclear facilities in Iran, which would lead to more selling as it would show an escalation and a nuclear element. Powell speaks on Tuesday. Powell has been dovish because he has to. he must talk down inflation because it's the only tool they have. But reality eventually wins. I expect some kind of rebound. how strong of a move depends on if we can recover the 5 MA. if we can get and hold above 18300, I would expect more upside.
UPDATE April 15
the dow looks ready to turn around, with Goldman reporting a big beat, the dow looks ready to run.
Finished a 9 count down, is oversold on the RSI, and is bouncing off the 100 MA (reddish brown line) all bullish signals. Resistance is the 5 MA at ~38660
UPDATE April 15
this looks similar to pr3vious days when we ran up premarket and sold off following. Powell speaks tomorrow, so a muted market day wouldn't surprise me. The dow is the strongest. But the QQQ's have been making higher highs and lower lows, ~446 would be the resistance line. More downside would not surprise me. 436 is support below that 432, but I would look more for 434/435 to hold. Overall, I think we have a little more upside before much more downside.
UPDATE April 15
on Friday I bought
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it needs to hold above the mid bollinger at 900 to keep the bullish scenario and shouldn't go below 876 (5 MA). 1012 is my target.
UPDATE April 15
on a longer play, energy is shifting. Natgas is clogging the pipeline system, and oil can't get passed through. This is creating natgas prices to drop and should do one good crattering as someone has to store all the excess gas. that storage takes away from other storage and that's how you get negative natgas, someone is taking a loss to store that gas so they require a payment to store it rather than paying for the gas to store. This is leading to a shift in energy use to COAL! I like coal as an energy shift. It's time to get dirty.
here is my coal list
UPDATE April 15
premarket I bought
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here are some random coal charts
UPDATE April 15
Monthly chart, just turning up
UPDATE April 15
UPDATE April 15
UPDATE April 15
Be Safe, Be Careful, Be Wise
and as always
Good Luck
UPDATE April 15
It's tax day, so be sure to file so that the US government can continue funding wars and poisoning the world. it's your duty 🤣
As an adult, it is your responsibility to UNLEARN everything taught to you by a society that does not have your interests in mind or heart.
UPDATE April 15
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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