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Misc Stock Market

Storm5 said:
I'm still trying to figure out what to do tomorrow . Can always hedge . But I like directional plays


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I don’t see a Fed position that’s bullish for the market here but at the same time we can’t just keep gapping down, right? Stuck between a rock and a hard place. Even if the bleeding stopped here this isn’t the soft landing we were promised.
 
Jimmy Hypocracy said:
I don’t see a Fed position that’s bullish for the market here but at the same time we can’t just keep gapping down, right? Stuck between a rock and a hard place. Even if the bleeding stopped here this isn’t the soft landing we were promised.
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Monday kind of screwed up the VIX too or I'd be looking there. I'm just setting some limit orders and seeing what fills.
 
10 yr up to 3.47. DXY over 105...dollar shortage rearing its head. Have mercy
 
They trying to keep the market up with large cap tech....SPY red and Q's red.

Just a terrible market right now...with yields up I am surprised we aren't down 2-3%.

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Congratulations. We have broken the bond market again. The most liquid market in the world ain't so liquid anymore. There is going to be a lot of dead bodies that float to the surface soon.
 
Thought about adding to my long positions today, but decided against it. We may rip tomorrow, but I think the Fed is in a corner. I know we've been saying it the last 6 months but they have to get inflation under control. I predict that if it is 50 bps then we soar, 75 bps we are flat/slight rally, surprise 100 bps and we crater.
 
buckinbronco said:
Thought about adding to my long positions today, but decided against it. We may rip tomorrow, but I think the Fed is in a corner. I know we've been saying it the last 6 months but they have to get inflation under control. I predict that if it is 50 bps then we soar, 75 bps we are flat/slight rally, surprise 100 bps and we crater.
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They've been pretty adamant about a 50 -- hike. If they surprise with 75 tomorrow, that make shock the market a little bit.
 
Rain Cold said:
They've been pretty adamant about a 50 -- hike. If they surprise with 75 tomorrow, that make shock the market a little bit.
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Agree. But I feel like there have been a lot of 75 bps headlines lately and that the market may view it as priced in. Perhaps 75 bps is the neutral case now. I'm pretty confident that if it is 50 then a rally will ensue. Who knows, I'm glad I don't have to make a living doing this stuff.
 
buckinbronco said:
Agree. But I feel like there have been a lot of 75 bps headlines lately and that the market may view it as priced in. Perhaps 75 bps is the neutral case now. I'm pretty confident that if it is 50 then a rally will ensue. Who knows, I'm glad I don't have to make a living doing this stuff.
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You could be right. I'm with you on the glad this isn't my job idea. It's a mess right now.
 
Powell also said he would be flexible and is data dependent . The data last week clearly shows .50 won't do anything . I think we get .75

Wouldn't Wall Street view .50 as bad ? Shows the feds don't have a pulse on inflation . I think if they announce .50 we dump


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Just to be clear, it’s not .75 hike and all is well, fed funds rate will push or be over 4% this time next year. A sustained albeit slower downturn is on deck, feeling solid with the retirement exit in January, still playing commodities. Crypto is in for a very cold winter, tangible assets matter, and it’s not tied to one.
 
McCllellan osc went from extremely overbought to oversold in a few days. Volatility for the win...

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QQQ 1hr chart...$280.30 was the low back in May and it just moved through that. Yesterday was a mess...series of lower lows and then they ripped it higher the last 15 mins before close and than they gapped it up . Just a total screw you by the algos...

Gaps for everyone...
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