OceansWave :
At the looks of the current situation, the FEDs have more the reason to push it back further… however this year is election year and Senators are pressuring them to cut so that they can secure they votes by the US citizens… anything can happen.. the best approach is still wait and see before entering…
OceansWaveCow Moo-neyOP:
Well I got to respect Powell though.. he will not easily give into pressure by the US senate and house even if it cost him his job.. rumours are there that after this year he will be replaced… but he still standby his principles
As you start reading the news, you will notice that some media channels and news outlets are saying the latest CPI data is quite in line with expectations or it isn’t so bad. Thus, the market rallied. This simply shows that news are hindsight stuff. Whichever way the market goes, various news outlets will have a way to tag a reason to it, or spin it in such a way that it fits their narrative. Trade the price action if you’re a short term trader. Ignore the short term noise and news if you’...
OceansWave :
Well tbh.. these are all what these Analyst wants… being able to control or rather influence the market as they themselves also have vested interest as well..
Nasdaq and S&P500 were green on Monday, yet the big tech Mag 7 were down. We are seeing abit of rotation of funds from these big players to other companies. From technical point of view, this is good, because some of these giants have gone up a little too fast. We need such pullbacks to cool off the indicators before going higher. The good thing is that the other sectors are green - which means, the rally is broadening up $GlobalFoundries(GFS.US)$$JPMorgan(JPM.US)$$Goldman Sachs(GS.US)$...
Markio1315 :
Yea we should see $Invesco QQQ Trust (QQQ.US)$ touching 400 this month. But dumb and smart money gap is widening. If there is no pullback to cool down the index, then heading into 2024 may face a larger correction.
razo2 :
it was green because we have morons piling in spy puts 0dte. the moves are purely mechanical. we can only see big moves after CPI and JP. but I suspect too many puts maybe as a move to push the index higher so they can 0dte calls on Friday.
OceansWave :
It’s the market makers, like the analyst and reporters who price in the rate cuts early.. they just wanted a bear market at this time.. When the trend is formed, the market will just downwards… this Friday will be another big sell off and especially since the Government shutdown is looming… the market might dip in even lower… Got to see how things goes.. this is still Sept and the curse lived up to its name
Cow Moo-neyOPOceansWave:
Not sure if Friday will have a big sell off. I usually don’t get too fixated about an outcome. But yeah, bearish Sep is taking effect
Cow Moo-neyOPOceansWave:
Sorry I don’t and I can’t do day prediction. Nobody can in fact. I watch how the market moves, then I move along. Anyway Apple is looking bearish as it broke 3 support levels in 1 day. Next support levels are at 182 and 178. If these 2 get breached again, I think we can expect low 170s. But if Apple reclaims its 50 MA (around 186-187) then it will be less bearish
OceansWaveCow Moo-neyOP:
Thanks for sharing.. Yesterday it broke below 182 but a large volume of buy came in during the last 15mins trading hours.. also feel that got to see if today if it continues to go lower than the 182 support line and if that breaks, if may dive lower towards the 170 mark.. however, just trying to be careful as the upcoming event might make bring it upwards… just got to see
US stock market rally has lost some steam since the start of August! If the current rate of decline continues into the traditional bearish month of September, the stock market could be in danger of falling into a correction. Meanwhile, when I was away for the last 2 weeks, I have bought some shares, and opened a few option trades. Specifically for viewers who are interested in my option trades, there are quite a bit of updates for you. So do watch my video to find out more! S...
The sell off was triggered by the hotter than expected inflation numbers.
The market is now revising their expectations of the timeline and number of rate cutes. Currently, the odds of a rate cut in June is less than 20%. In case you don’t know, it was 60-70% about 2 months ago.
$Marathon Digital(MARA.US)$ $Financial Select Sector SPDR Fund(XLF.US)$ $Crude Oil Futures(JUN4)(CLmain.US)$ $Disney(DIS.US)$ $Temasek Holdings(BK2536.US)$ ...
Having the interest rates unchanged this month is almost certain and definite. The question that investors would be asking is, when exactly will the first rate cut come? June? Or beyond that?
$Logitech International(LOGI.US)$ $Intel(INTC.US)$ $Disney(DIS.US)$ $Workday(WDAY.US)$ $Zoom Video Communications(ZM.US)$ $Temasek Holdings(BK2536.US)$ $Adobe(ADBE.US)$ $Sea(SE.US)$ $Johnson & Johnson(JNJ.US)$ $Starbucks(SBUX.US)$ ...
This simply shows that news are hindsight stuff. Whichever way the market goes, various news outlets will have a way to tag a reason to it, or spin it in such a way that it fits their narrative.
Trade the price action if you’re a short term trader. Ignore the short term noise and news if you’...
From technical point of view, this is good, because some of these giants have gone up a little too fast. We need such pullbacks to cool off the indicators before going higher. The good thing is that the other sectors are green - which means, the rally is broadening up
$GlobalFoundries(GFS.US)$ $JPMorgan(JPM.US)$ $Goldman Sachs(GS.US)$ ...
$E-mini Dow Futures(JUN4)(YMmain.US)$ $Temasek Holdings(BK2536.US)$ $CSOP USD Money Market Fund(SGXZ96797238.MF)$ $Hang Seng TECH Index(800700.HK)$ $Invesco QQQ Trust(QQQ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$
Today, we will have the release of non farm payrolls. Economists polled by LSEG believe nonfarm payrolls for Sep will show a 170,000 increase, lower than Aug’s 187,000 jobs gain in August. Below 170,000 would be “good news” for the market.
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$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $Amazon(AMZN.US)$ $Netflix(NFLX.US)$ $Arm Holdings(ARM.US)$ $NVIDIA(NVDA.US)$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ $E-mini S&P 500 Futures(JUN4)(ESmain.US)$ $Meta Platforms(META.US)$ $Microsoft(MSFT.US)$ $Alphabet-A(GOOGL.US)$ $Alphabet-C(GOOG.US)$ $E-mini Dow Futures(JUN4)(YMmain.US)$ $Advanced Micro Devices(AMD.US)$ $Taiwan Semiconductor(TSM.US)$ $Disney(DIS.US)$ $Enphase Energy(ENPH.US)$ $Spdr S&P Bank Etf(KBE.US)$ $Financial Select Sector SPDR Fund(XLF.US)$ $Visa(V.US)$ $Rivian Automotive(RIVN.US)$ $NIO Inc(NIO.US)$ $SIA(C6L.SG)$ $OCBC Bank(O39.SG)$ $SIA(C6L.SG)$ $Intel(INTC.US)$ $Oracle(ORCL.US)$ $Logitech International(LOGI.US)$ $Temasek Holdings(BK2536.US)$ $USD(USDindex.FX)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $SPDR Dow Jones Industrial Average Trust(DIA.US)$ $AMC Entertainment(AMC.US)$ $GameStop(GME.US)$ $LivePerson(LPSN.US)$ $FuboTV(FUBO.US)$ $Coinbase(COIN.US)$ $Block(SQ.US)$ $Lemonade(LMND.US)$
Seems like the market is still having a hangover from last week’s FOMC meeting. Investors probably realised that they have priced in rate cuts too early.
Meanwhile, the market is also waiting and watching to see if there will be a shutdown for the US government.
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $Arm Holdings(ARM.US)$ $Alphabet-A(GOOGL.US)$ $Meta Platforms(META.US)$ $Microsoft(MSFT.US)$ $Amazon(AMZN.US)$ $Netflix(NFLX.US)$ $Alphabet-C(GOOG.US)$ $NVIDIA(NVDA.US)$ $Advanced Micro Devices(AMD.US)$ $Taiwan Semiconductor(TSM.US)$ $Adobe(ADBE.US)$ $KBW Nasdaq Bank Index(.BKX.US)$ $KraneShares CSI China Internet ETF(KWEB.US)$ $Intel(INTC.US)$ $iShares 20+ Year Treasury Bond ETF(TLT.US)$ $Temasek Holdings(BK2536.US)$ $Disney(DIS.US)$ $Dow Jones Industrial Average(.DJI.US)$ $SPDR Dow Jones Industrial Average Trust(DIA.US)$ $U.S. 10-Year Treasury Notes Yield(US10Y.BD)$ $Coca-Cola(KO.US)$ $PayPal(PYPL.US)$
Treasury yield is jumping again, and thus applying pressure to the stock market
Tech stocks had a little sell of on Wednesday - 3rd straight day in a row. It’s rare to see Apple down by more than 3%. Nvidia was fading too. 2 big giants are showing a bit of weakness..
$NVIDIA(NVDA.US)$ $SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Apple(AAPL.US)$ $Microsoft(MSFT.US)$ $Tesla(TSLA.US)$ $Alphabet-A(GOOGL.US)$ $Meta Platforms(META.US)$ $Microsoft(MSFT.US)$ $JPMorgan(JPM.US)$ $Goldman Sachs(GS.US)$ $iShares 20+ Year Treasury Bond ETF(TLT.US)$ $USD(USDindex.FX)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $Amazon(AMZN.US)$ $Netflix(NFLX.US)$ $Intel(INTC.US)$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ $E-mini S&P 500 Futures(JUN4)(ESmain.US)$ $Crude Oil Futures(JUN4)(CLmain.US)$ $Direxion Daily TSLA Bull 2X Shares(TSLL.US)$ $Temasek Holdings(BK2536.US)$ $Roku Inc(ROKU.US)$ $ARK Innovation ETF(ARKK.US)$ $Zoom Video Communications(ZM.US)$ $Teladoc Health(TDOC.US)$ $Grab Holdings(GRAB.US)$ $Palantir(PLTR.US)$
Meanwhile, when I was away for the last 2 weeks, I have bought some shares, and opened a few option trades. Specifically for viewers who are interested in my option trades, there are quite a bit of updates for you. So do watch my video to find out more!
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