UPDATE December 20
Still running 🏃♂️ but is it close to slowing? maybe stopping?
It's low volume and easy to manipulate. Yesterday, we broke into new all-time highs on QQQ, which caused a short covering, which is why the price kept climbing after hours with solid volume. it was about 10m shares every 5 minutes if i remember my counting correctly 😅
We should be getting near a pullback zone. I still like my winter solstice date of tomorrow, the 21st (from a previous post) 😉. Home sales, consumer confidence, and oil inventories all get released today. We moved down a little after pushing up into the night. We are at a support zone, so let's look at some charts and see where we stand.
the lower expected move is 16950, with the upper expected move at 17105. That's not a wide spread, consolidation is expected.
$Micro 10-Year Yield Futures(DEC3) (10Ymain.US)$
Rates dropping like it's hot 🫳 🔥 a run to bonds???
The upper expected move is 410.55, and the lower expected move is just under 408. That is a narrow range.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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Mike Obama : What do you think of BTE? fucking gaps everywhere. getting nervous.
iamiamOP Mike Obama: I like baytex. they should be a massive return over the next several years. it's a good entry on pullbacks.
iamiamOP Mike Obama: I get charged a 6 dollar fee every time I buy
Mike Obama iamiamOP: damn bro. BTE? I haven't looked. but I'll buy a lot when i can
iamiamOP Mike Obama: yeah, my retirement account hates when I want to make money
they really limit me.
cheerfulknight : Is inflation coming down in Europe next year? Does that mean its also time to get exposure to EU bonds ETF? Will EU bond prices also surge like US bonds as well?
iamiamOP cheerfulknight: they should. but with recessions and debt it will be hard to tell how or when they act. the market says rates around the world should go up. but i would wait for the dust to settle first. let rates and vix find a bottom and the markets a top.
cheerfulknight : Thanks