• Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!

Misc Stock Market

Rain Cold said:
I'm not sure who said it uptrend but I agree that we get a big rip after the Fed next week.
Click to expand...
I think it depends on what they do. 25 basis points probably leads to a pump, but 50 might dump it. SPY has been on a clear down channel for over two months now, though.
 
GaWx said:
Are a lot of folks saying this? A financial planner I talk to said the same.
Click to expand...

@Rain Cold and others:
Followup; if too many in a market are thinking the same thing will later happen on such and such day, well, I assume you know where I’m going. I have no clue what will actually happen after the Fed, but how often does the opposite of “expectations” happen instead? I don’t mean just the stock market.
 
If 2/24’s open wasn’t the lasting intraday low for the S&P, I think one is coming by the Monday after quad-witching. Failing that, we likely see a 3rd straight month where the 3rd was the top and the 24th was the low of the month, which is going to have me a bit miffed because it’s a predictable pattern and one that likely breaks eventually (heck, the 3rd in April is on a Sunday, so all parts of this should be done before next month unless we’re doing the straight down part of this into the 24th).

May just be for a couple weeks like late January after OPEX, may be for a while…honestly the latter is due, but this coming earnings season is a likely problem because companies are likely going to talk about the recession in Europe and possible one in the US (as much as my dad is “no” to that).

Or we could have exited the land of rationality, and this will be known as the no bid year that sees 0 green months.

On a shorter term basis, I don’t think those 420 puts are going to pay as long as the situation in Eastern Europe stays the same, but I have a feeling that we end up with the same week as last week, with the one green day being Wednesday.
 
Not the direction I wanted to see off that resistance area. We gave it right back after hours. Maybe they’ll save it in the morning.
 
Get into industrial metals (nickle, copper, tin, etc). Massive shortages with skyrocketing demand. That and fertilizers.
 
Hahah Russian news releases a statement from putin saying talks are going well and market rockets. Good thing I snagged a few calls yesterday lol


Sent from my iPhone using Tapatalk
 
It's funny how almost every Friday, we are green. Does it really make sense that a bunch of people want to hold risk assets going into a weekend where there is instability everywhere you look? Personally, I think either/both the Fed buys futures which triggers algos who buy and hit technical levels which forced more buying, or strategic headlines are released that result in the same process. They don't want to have a weekly close underneath certain levels.
 
This is the 4th red month in a row for the Q's....last time that occurred was end of 2018 when markets were in full pout mode of rate hikes. Powell had to come in and say no more rate hikes and they ended up cutting instead. We ain't getting that this time.

But, we are due for a green month.

Screen Shot 2022-03-11 at 7.26.19 AM.png
 
We got to get the vix down in the low 20's....these 3% intraday moves in the indexes is really tough. We got another huge gap up, 2nd of the week.
 
KyloG said:
We got to get the vix down in the low 20's....these 3% intraday moves in the indexes is really tough. We got another huge gap up, 2nd of the week.
Click to expand...
Peace and prosperity back on the menu.
 
All of this uncertainty and just like that the market is saved in two 5min candles. Praise be 884044BC-092F-4B69-9A7C-BDB0D627B7C2.jpeg
 
Interesting....can the market push higher without QE and without 0% rates and Fed starting QT and inflation at 40 year highs and oil/commodities parabolic.....

 
metwannabe said:
Like clock work more and more chatter about war ending, WWIII averted, markets will rocket today. Have fun guys
Click to expand...

Not a lot of chatter other than a Russian news agency quoting putin . I for sure don't believe they will ever agree . Look at the words from the Ukraine president vs putin . Even if they did reach an agreement he will break it eventually. But , it's good for the market today ....


Sent from my iPhone using Tapatalk
 
SPY wicked out hard (premarket) on the hourly breakline from Feb 9 and also the daily breakline traced from market highs back at the beginning of January. These resistance areas coincide. 167E527F-8E8A-490A-92E0-F1E32F7FDED5.jpeg
 
Storm5 said:
Not a lot of chatter other than a Russian news agency quoting putin . I for sure don't believe they will ever agree . Look at the words from the Ukraine president vs putin . Even if they did reach an agreement he will break it eventually. But , it's good for the market today ....


Sent from my iPhone using Tapatalk
Click to expand...
Always the contrarian haha. Since when do the markets care where the news emanates they only care that it's good.
 
Added some Q/SPY shares and options for next week here. Stop at LOD.
 
You must log in or register to reply here.
Back
Top