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Misc Stock Market

Q's with a 20% move from it's June lows. $330 on the Q's is going to be very very tough to get through. I sold some Q's I had in my long term account today, I was 100% in Q's in my long IRA with roughly a $285 avg.

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Broken024 said:
This has been crazy. I might buy some SQQQ today... mainly because I hate money.
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Tech was due for a big 20% rally...but this is getting ridiculous. I am bullish for August but seasonality sets in for Sept. I think this clearly tests $330 in the next week or two...if not sooner.

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This was just going to be a long term hold for me but if it starts testing the 200MA I'll get antsy.
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Burry called this a few months back. He said demand for non exec would still be there but “corporate” could suffer.

 
SPY right up against what should be stout resistance. Jobs tomorrow…if this pushes through $416 after it could get nuts.

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No snow for you said:
so much for that Fed pivot
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Yep, 10yr treasury up, interest rates up, inflation will most likely continue to rise..... strong job market with solid wages, demand not decreasing. As long as they don't address the supply issue, inflation will not improve.
 
severestorm said:
I'm thinking 50bp hike next. Elon Musk confirmed we are past the peak of inflation in his shareholders meeting. Expecting the next CPI number to be lower. Lower inflation trend and continued job growth is ideal.
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Been my thought but we'll have to just wait and see because September is a long ways away.

I hope the commodities selloff holds, but even if it does, past July, inflation has some very easy comps until spring next year. That's going to make things tricky...do you have fed folks at the September meeting stick their neck out and suggest 5%+ next year in dots, or will it be mostly the same as June.
 
metwannabe said:
Yep, 10yr treasury up, interest rates up, inflation will most likely continue to rise..... strong job market with solid wages, demand not decreasing. As long as they don't address the supply issue, inflation will not improve.
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We are looking at 50 BPS next meeting as my models show inflation running 8.6% in July and 8.3% for august which would be a +.1% MoM in July and -.1% MoM in August. The Fed is actually making the supply issues worse with raising interest rates as it is causing the cost of capital to increase, thus making it more expensive to build out the need infrastructure to fix the supple lines long term.
 
IWM/DOW green...profit taking in tech. What an engulfing daily on the IWM.

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SPY looks fine.

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And just like that I am down big this week. I carried some NVDA over the weekend as it showed relative strength on Friday and they pre-released just god awful earnings. I would never carry shares into earnings, hate when mega caps release earnings early.

 
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Google with a big channel….that’s a $12 channel. Can it close over $120 today.

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Well, this certainly is only going to heighten my concern with CPI day.

- The Nasdaq doesn't toss what it was doing up to 11 AM without there being issues.

- Google reversed at the last stand area for bears.

- The Dow and S&P both hit the minimum targets you'd look for here.

Really sucks because I was thinking for a lot of the 10 AM hour while I was at the gym that the Nasdaq had to have folks screaming at the wall with how it opened. There's no way it should've opened the way it did with the awful news we heard from NVDA.

But that now looks like an exit pump to me...one that may have happened even if NVDA said nothing.
 
QQQ with 200dema tag. This market doesn’t like to trade sideways

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GeorgiaGirl said:
Well, this certainly is only going to heighten my concern with CPI day.

- The Nasdaq doesn't toss what it was doing up to 11 AM without there being issues.

- Google reversed at the last stand area for bears.

- The Dow and S&P both hit the minimum targets you'd look for here.

Really sucks because I was thinking for a lot of the 10 AM hour while I was at the gym that the Nasdaq had to have folks screaming at the wall with how it opened. There's no way it should've opened the way it did with the awful news we heard from NVDA.

But that now looks like an exit pump to me...one that may have happened even if NVDA said nothing.
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Gamma starts rolling off the dealers books starting around 11 and ends about 2:30. So if a lot of options expire on the Friday before the dealers then sell the hedges on those stocks unless there is a lot of call buying before 11.
 
Wow this might be big news in the Financial Markets....




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No snow for you said:
We are looking at 50 BPS next meeting as my models show inflation running 8.6% in July and 8.3% for august which would be a +.1% MoM in July and -.1% MoM in August. The Fed is actually making the supply issues worse with raising interest rates as it is causing the cost of capital to increase, thus making it more expensive to build out the need infrastructure to fix the supple lines long term.
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So close. 8.5% and 0.0% MoM
 
No snow for you said:
They will get a lot more data between now and the september meeting but I still think they raise by 50 bps instead of the 75 the market was thinking.
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Still hard to believe hiking and reducing the balance sheet is good for stocks. Like we're at 4700 with the FFR at zero and back to 4700 with the FFR at 3. That's a head-scratcher.
 
META power move through $172 and trendline break. I have a few shares but not a big position from last week. Should have added on dip this morning.

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Would like to see AMD chop around this week into early next week. Finished 5 green weeks in a row.

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NCLH is a smallish position I’ve been accumulating in my long term account. Started in low $20’s and have been avg down in the $11’s. $16 avg so I am bag holding but sticking with it.

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Apple getting a little ridiculous. Market setting up for a rough September…IMO. Still think rest of Aug try’s to push higher, maybe higher than some expect.

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