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...
Is it a brave new world? I got into a bit of a macro view with yesterday's post. I will delve a bit further into that when I discuss shipping and why I'm investing in that along with overseas commodity companies. But first, let's do the Markets. Manufacturing PMI gets released 30 minutes after open (Purchasing Managers Index. A survey of how much manufacturing is going on based on purchase orders. It's a measure of strength in the manufacturing sector). JOLTS is also release...
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101633546
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Hi how did u see it might run up to 525 for the Q's?
iamiam
OP
102235596
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yes, I still believe that. I expect new lows. but time is the hardest to predict, so just follow the market as it goes. when it goes, you will know. there will be no mistaking it.
OceansWave
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Whatever the case is.. the market will be bearish whenever he comes online.. even if he does not raise interest rate for Sept.. he will still say we will need more data and we are dedicated to combat inflation.. he will let the analyst interpret.. which most likely majority of the analyst will say he is hawkish…it’s become a cycle since many months
razo2
OceansWave
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I really wish he pause then oil will kill him for sure. he don't control inflation. inflation will take over. alot don't realise oil been going up since July when he paused rates. oil had gone up from 69 to 89.
ragamuffin
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I love how history shows how blind we are to reality! These bank failures destroy accounts around the world and yet, no big deal! There will be several more banks collapse over the months and years ahead! Stay protected!
FED testimony today in the house - iam going to admit something, this post was a lot of fun putting together ❤️ . Not because of what is about to happen (unless you're ready), but because the quotes lined up so perfectly I had to laugh. 🥲 seriously, I was cracking up writing this.... There is also JOLTS (Job Openinhgs & Labor Turnover Survey) released an hour before the market open. This could be market moving. I still believe we are in a downtrend and all bull runs are times to ex...
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Violets
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this is so great! I love reading your posts
10-Year Yield Futures(OCT4) Forum
I got into a bit of a macro view with yesterday's post. I will delve a bit further into that when I discuss shipping and why I'm investing in that along with overseas commodity companies. But first, let's do the Markets.
Manufacturing PMI gets released 30 minutes after open (Purchasing Managers Index. A survey of how much manufacturing is going on based on purchase orders. It's a measure of strength in the manufacturing sector). JOLTS is also release...
So I will just get to it.
On my last update, I warned the market was getting "toppy." It is still getting "toppy. " it has moved within a range for weeks now. I still expect a spike up to 16500-16650 range. If it does not, that's fine too 🙂
Bearish divergences are forming... let's look at a few
$Invesco QQQ Trust (QQQ.US)$
$Apple (AAPL.US)$
$Meta Platforms (META.US)$
$Target (TGT.US)$
$NVIDIA (NVDA.US)$
$Disney (DIS.US)$
this is just a sampling of stocks that I'm...
hahahaha 😆
$Micro 10-Year Yield Futures(NOV3) (10Ymain.US)$
$U.S. 20-Year Treasury Bonds Yield (US20Y.BD)$
$30-Year Yield Futures(OCT4) (30Ymain.US)$
$U.S. 3-Year Treasury Notes Yield (US3Y.BD)$
They're back
Just imagine, when the market is pricing in a 99% probability of a pause this month, and if Powell decides to throw in a 25 bps rate hike? How will the market react?
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $QUIZAM MEDIA CORP (QQQFF.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Deutsche Bank (DB.US)$ $CSOP USD Money Market Fund (SGXZ96797238.MF)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Workday (WDAY.US)$ $10-Year Yield Futures(OCT4) (10Ymain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $USD (USDindex.FX)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $ARK Innovation ETF (ARKK.US)$ $Tradr 2X Short Innovation Daily ETF (SARK.US)$ $Peloton Interactive (PTON.US)$ $Activision Blizzard (ATVI.US)$ $Arm Holdings (ARM.US)$
Fed’s preferred inflation measure aka the personal consumption expenditures (PCE) index will be released on Friday. If the number comes in softer / lower than expected, the market could fly.
A few Fed officials will also be speaking on Friday.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Amazon (AMZN.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Silvergate Capital (SI.US)$ $First Republic Bank (FRC.US)$ $Intel (INTC.US)$ $Morgan Stanley (MS.US)$ $JPMorgan (JPM.US)$ $Alphabet-A (GOOGL.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Meta Platforms (META.US)$ $Alibaba (BABA.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $10-Year Yield Futures(OCT4) (10Ymain.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $USD (USDindex.FX)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Coca-Cola (KO.US)$ $Credit Suisse (CS.US)$
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