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being short will hurt for a few weeks. Could have entered higher.
Talk of easing has already started.
"Elizabeth Warren warns that the US will suffer a devastating recession if the Fed doesn't ease rate hikes"
That is exactly what I intend to do in a few days. Patience has paid off.
SPX has rallied over 300 points since the low of 3722 on July 14h. Weekly chart turning bullish.
This thing is blowing past everything
AAPL reports tomorrow. A positive picture will set up for a run to the 4200 mark.
They did .75
An increase of 100 bps combined with a mumbo jumbo statement that they are done raising will cause a rally. A lending rate of 3% while higher than six months ago is still very accommodative.
How will they fight inflation when they are buying assets behind closed doors.
FYI: The fed balance sheet increased in the month of July. This is after they said in May that they were going to wind down asset purchases and start a reduction process of 45 billion per month thru august and the 95 billion per month starting september 22.
Classic case of flip flop. Corporate welfare is alive and well
414 is a possibility.
They will do .75 and have their usual blah blah to soothe the mkts. The next rate cut is probably .5. There will be some king of a verbiage to put that out there for the mkts .
MSFT is now green as well. We go up tomorrow.
Goog misses but rising in AH's. Offsetting MSFT miss.
what is the significance of 4139?
SPY gap is still open. Check carefully. Today's high = 400.18. June 9, 2022 low = 401.44
There is a gap of $1.26 on the spy.
snp 500 gap is still open.
Gap is still there. Not closed yet.
El Erian has been talking doom for ever. I am sure one day he will be right one day.
SNAP is not a surprise to anyone. It has lost 88% of its value as of today. They saw this coming for over a year. Effects on Goog and Meta if any will be absorbed. Combined, they comprise about 10% of the NDX. I suspect the market goes up at least in the short term. There are other much bigger players who will pick up the slack. Below is the weight index for the major NDX players.
# Symbol Weight Price Chg % Chg
1 AAPL 13.033 155.88 0.53 (0.34%)
2 MSFT 10.267 264.84 0.00 (0.00%)
3 AMZN 6.573 124.71 0.08 (0.07%)
4 TSLA 4.377 837.27 22.15 (2.72%)
5 GOOG 3.737 112.78 -2.26 (-1.96%)
6 GOOGL 3.565 111.95 -2.39 (-2.09%)
7 NVDA 3.292 177.52 -2.98 (-1.65%)
8 META 3.261 174.06 -9.11 (-4.97%)
SNAP should have a minimal impact on the mkts tomorrow.
Who needs these socials. NFLX another useless enterprise if you ask me.
SPY should grind upwards.
Everyone is a figure of speech meaning a lot of folks, including quite a few on this board, youtubers, ......
Pump could extend well into August and beyond. Everyone is expecting a big drop to 3200 or lower starting in late August thru October.
TSLA up 10% today. Wondering how Bill Gates' short is working out or if he is still in it.
First time you have posted an actual prediction in writing. Let us see if you foretold the future correctly. My analysis is telling me a positive close above 3970.
I am thinking after the fed meeting.
Nice chart. Next leg down is not far away based on this chart.
break out is quite possible.
While recent signals are indicating that we may be close to a sell point. Sixth sense is telling me that a move to the 4150 - 4200 area (even on a intraday basis) is possible. This could coincide with the fed meeting. The fed could cause a further rally.
Dont listen to a lunatic. I lost money following him. never again. he is part of the scam team.
and to the U.S. as well. Watch as things start going bad well into next year.
When is the fed expected to announce its rate decision for this month
It will be a free for all.
Russian gas will flow if Europe buys the ruble and pay in ruble. Simple as that. But uncle sam is sticking his nose and preventing them from paying in rubles and doing the right thing. The NATO enforced trade system is on its way out.
Your 4029 target area is conservative. I am thinking possibly 4100 or slightly higher.
We should close above the yellow line today. The morning action was bullish.
Dont think so. Calling for a close above 3918.
The road map was great today. Made a little scalp. Thanks for sharing.
Then why is bitcoin down from 60,00 to 20, 000.
Do you mean a possible top of $39 in upro for the day or for this up move in the spx.
Good chance of that happening next week
where is the map?