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$Invesco QQQ Trust (QQQ.US)$ man wish I had funds opened up for calls this morning really wanted them just cause I know how it always pulls this crap
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Columns Reddit is Officially Flat
Reddit Check-In: 4/03/2024
$Reddit (RDDT.US)$
SpyderCall 4/02/2023: Bullish Engulfing Candle!
Flat Trading With Very Low Relative Volume
Yesterday's bullish engulfing candle did not turn out to be so bullish. Today was quite a bearish day for RDDT. The price of Reddit closed the day at $44 per share. This is the exact price of Reddit shares when it entered the market. As of close today, Reddit is trading flat. I guess you could say that the technical outlook is neutral r...
$Reddit (RDDT.US)$
SpyderCall 4/02/2023: Bullish Engulfing Candle!
Flat Trading With Very Low Relative Volume
Yesterday's bullish engulfing candle did not turn out to be so bullish. Today was quite a bearish day for RDDT. The price of Reddit closed the day at $44 per share. This is the exact price of Reddit shares when it entered the market. As of close today, Reddit is trading flat. I guess you could say that the technical outlook is neutral r...
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The core PCE index, excluding food and energy, was released last Friday when the market was closed - it came in at 2.8%, which is in line with analyst expectations.
To add on, Powell made positive remarks on the PCE numbers.
Let’s see how the market interpret this what seems to be “good news”.
$Palantir (PLTR.US)$ $Super Micro Computer (SMCI.US)$ $Grab Holdings (GRAB.US)$ $Johnson & Johnson (JNJ.US)$ $SPDR Portfolio S&P 500 ETF (SPLG.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $Intel (INTC.US)$ $3M (MMM.US)$ $Logitech International (LOGI.US)$ $UnitedHealth (UNH.US)$ $Lemonade (LMND.US)$ $Riot Platforms (RIOT.US)$ $Alibaba (BABA.US)$
To add on, Powell made positive remarks on the PCE numbers.
Let’s see how the market interpret this what seems to be “good news”.
$Palantir (PLTR.US)$ $Super Micro Computer (SMCI.US)$ $Grab Holdings (GRAB.US)$ $Johnson & Johnson (JNJ.US)$ $SPDR Portfolio S&P 500 ETF (SPLG.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $Intel (INTC.US)$ $3M (MMM.US)$ $Logitech International (LOGI.US)$ $UnitedHealth (UNH.US)$ $Lemonade (LMND.US)$ $Riot Platforms (RIOT.US)$ $Alibaba (BABA.US)$
From YouTube
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Did the market just ignore the hot CPI? ![]()
This is why there is no need to predict the direction of the stock market prior to CPI.
Let the numbers be released, and let the market reacts to it.
If the market wants to fly, it has every reason to fly. The same theory goes for the downside.
Trade the trend until it bends. And learn not to hold a biased view (bearish or bullish) permanently.
$Citigroup (C.US)$ $Wells Fargo & Co (WFC.US)$ $Morgan Stanley (MS.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ $ProShares UltraPro Short S&P500 ETF (SPXU.US)$ $FuboTV (FUBO.US)$ $CrowdStrike (CRWD.US)$ $AMC Entertainment (AMC.US)$ $Boeing (BA.US)$ $NIO Inc (NIO.US)$ $Alibaba (BABA.US)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $U.S. 20-Year Treasury Bonds Yield (US20Y.BD)$
This is why there is no need to predict the direction of the stock market prior to CPI.
Let the numbers be released, and let the market reacts to it.
If the market wants to fly, it has every reason to fly. The same theory goes for the downside.
Trade the trend until it bends. And learn not to hold a biased view (bearish or bullish) permanently.
$Citigroup (C.US)$ $Wells Fargo & Co (WFC.US)$ $Morgan Stanley (MS.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ $ProShares UltraPro Short S&P500 ETF (SPXU.US)$ $FuboTV (FUBO.US)$ $CrowdStrike (CRWD.US)$ $AMC Entertainment (AMC.US)$ $Boeing (BA.US)$ $NIO Inc (NIO.US)$ $Alibaba (BABA.US)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $U.S. 20-Year Treasury Bonds Yield (US20Y.BD)$
From YouTube
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$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$
1. Reducing rates too fast could reverse inflation progress
2. Reducing rates too late could weaken the economy
3. Prepared to maintain higher rates if needed
4. Policy rate is likely already at its peak
5. Labor market continues to look very strong
6. Activity in the housing sector has subdued
Powell is taking a very "middle of the road" approach.
1. Reducing rates too fast could reverse inflation progress
2. Reducing rates too late could weaken the economy
3. Prepared to maintain higher rates if needed
4. Policy rate is likely already at its peak
5. Labor market continues to look very strong
6. Activity in the housing sector has subdued
Powell is taking a very "middle of the road" approach.
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This is a quick update before I get my year outlook post done. We will "crash," but when is the question. For now, we are squeezing up.
This portion of the squeeze should end today or tomorrow 🤔 Maybe we run until the FED speaks next week. but I think this week is the top for this sequence. There is a full moon 🌚 tomorrow, the 25th. Things can get crazy on full moons. With today's meltup, we could put in a top today. Uranium and other commodities look good 👍 (steel) $Cleveland-...
This portion of the squeeze should end today or tomorrow 🤔 Maybe we run until the FED speaks next week. but I think this week is the top for this sequence. There is a full moon 🌚 tomorrow, the 25th. Things can get crazy on full moons. With today's meltup, we could put in a top today. Uranium and other commodities look good 👍 (steel) $Cleveland-...
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A very quick update. We did exactly like I wanted yesterday, and we are on our way to 17500+, we are also approaching the 17250 area where I expect a pullback. The pullback should end near 17150 to keep the numbers simple. It could bounce between 17150 and 17250 before resuming the uptrend. below 17050, and I would be cautious.
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
This market is going to blow up.
But how high will it squeeze first?
That's why i don't hold overnight. ...
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
This market is going to blow up.
But how high will it squeeze first?
That's why i don't hold overnight. ...
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A quick update to start the week. We are topping. This COULD just drop to around 380, but I expect chop at the top. There are many reasons for the drop. Basically it all boils $ProShares Ultra Bloomberg Natural Gas (BOIL.US)$ 😆 down to inflation. It's not coming down, it was never going to. The numbers are lies because they are month over month or year over year. The 9% inflation year screwed everybody because no one got a 10% raise that year. The best anyone can do is keep up kn...
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JiaXu : take time to settle down, would be around 9-10pm PDT