The month is ending, but is the bull run? This week is big. lots of data, some huge earnings, and Papa Powell speaks tomorrow. Today, we get jobs data a half hour after open. After close, we get Google, Microsoft, and AMD reporting. Tomorrow, we get the FEDs rate decision and Powells press conference. Friday, we get the big employment data. I still think we have upside. I think a drop is coming (~10%). But I'm keeping the possibility of the market squeezing until March/April. I...
iamiamOPdaydayup:
topping. I still think 432-435. we could've peaked. I don't think so. but if we did, we would not break 430. I think we top today or early tomorrow, and then I believe a pullback of about 10%
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 :
Hi how did u see it might run up to 525 for the Q's?
How about starting the new year off with an Update? I get so few out lately, I feel I need to. if nothing else, then keep myself up to date. This will be full of predictions, opinions, charts and maybe some fun 😁 Let's GO. Speaking of go. I had a simple thought. Why not use the same colors on my charts and color code them to make it easy on the reader🤷 it seems logical to me, so here is my simple color code. I worked as a civil engineer, so I'm going to make it easy. ● Bullish. Su...
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TinkerB3ll :
Thank you for sharing and happy new year my friend :)
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...
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Mike Obama :
What do you think of BTE? fucking gaps everywhere. getting nervous.
Today is the day! PPI comes out an hour before open and oil inventories get released an hour after that... but 2 hrs before the market closes, the FED fund rates get released (there shouldn't be any surprises), but the big dog, Papa Powell, speaks an hour later. The market is over its ski's 🎿 and Powell has a history of putting it in its place. Can he do it again. The QQQ almost hit my 400 target. That means it's at a great place to pull back. It's also a great place to bla...
iamiamOP71280062:
holding them, yes. it may be a few weeks before I'm positive again but I think I ate most of the downside today. if it gets below 3.96, then I will reevaluate.
iamiamOP71280062:
yes, that and I have a forecast of rates above 7% in the future. They go hand in hand. everything happening around the world, I believe, is inevitable. I believed Japan would always do this. We can see a boom but that will inevitably be followed by a bust in assets. The world economies are playing the blinking game. Everyone is just trying not to be the domino that sets it off.
Safe Haven Rally After the sharp rally in gold futures that followed the onset of the Middle Eastern conflict, gold seems to be losing some of its safe haven appeal. If the war stays isolated, then we might not see the safe haven investors piling in like we saw at the beginning of October. In the chart below, you can see the safe haven rally that followed the start of the conflict and the subsequent selling. I highlighted a few local areas o...
iamiam :
gold may collapse. at least in the west. gold is moving east with most other assets. they are worth more in the east. this is not good on a larger scale. but it means we could see a collapse as the west floods to t-bills. can gold return 5% in 3 months? a tbill can. nearly everything in the west will drop compared to tbills.... the really bad part is that this has happened before, many times. first, the gold moves, and then soldiers follow it.
E-micro Gold Futures(JUN4) Forum
Time for Reversal.. 100handles down not unlikely
Tradeit on $E-micro Gold Futures(JUN4)(MGCmain.US)$
Anyone has any comment on this?!
Break
UPDATE January 30
This week is big. lots of data, some huge earnings, and Papa Powell speaks tomorrow. Today, we get jobs data a half hour after open. After close, we get Google, Microsoft, and AMD reporting. Tomorrow, we get the FEDs rate decision and Powells press conference. Friday, we get the big employment data. I still think we have upside. I think a drop is coming (~10%). But I'm keeping the possibility of the market squeezing until March/April. I...
UPDATE Jan 3 2024
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...
UPDATE 2024
Speaking of go. I had a simple thought. Why not use the same colors on my charts and color code them to make it easy on the reader🤷 it seems logical to me, so here is my simple color code. I worked as a civil engineer, so I'm going to make it easy.
● Bullish. Su...
UPDATE December 20
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...
UPDATE December 13
PPI comes out an hour before open and oil inventories get released an hour after that... but 2 hrs before the market closes, the FED fund rates get released (there shouldn't be any surprises), but the big dog, Papa Powell, speaks an hour later.
The market is over its ski's 🎿
and Powell has a history of putting it in its place. Can he do it again.
The QQQ almost hit my 400 target. That means it's at a great place to pull back. It's also a great place to bla...
Gold Appears to Be Losing Some of its Safe Have Appeal
After the sharp rally in gold futures that followed the onset of the Middle Eastern conflict, gold seems to be losing some of its safe haven appeal.
If the war stays isolated, then we might not see the safe haven investors piling in like we saw at the beginning of October.
In the chart below, you can see the safe haven rally that followed the start of the conflict and the subsequent selling. I highlighted a few local areas o...
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