Misc Stock Market

[Jimmy Hypocracy]

Inflation up 6.4% from last year, rising for the first time in months, Labor Department says​

Inflation up 6.4% from last year, rising for the first time in months, Labor Department

Prices for all times increased 0.5% from December to January, the agency also said.

justthenews.com

Yeah 2% seems imminent lmao

 

[KyloG]

I did buy the dip at the open as the pain trade for the market is higher. Everyone expects market to rollover and it hasn't. From a TA perspective this is a very bullish chart.

 

[severestorm]

I did buy the dip at the open as the pain trade for the market is higher. Everyone expects market to rollover and it hasn't. From a TA perspective this is a very bullish chart.

View attachment 133199

Market hasn't rolled over because of unfounded claims Fed will cut rates in September which will not happen because they will not reach 2% in 6 months.

 

[KyloG]

Market hasn't rolled over because of unfounded claims Fed will cut rates in September which will not happen because they will not reach 2% in 6 months.

Inflation report was as expected but it's going to take a long long time. They ain't cutting rates with employment this strong, market this strong.

 

[severestorm]

Inflation report was as expected but it's going to take a long long time. They ain't cutting rates with employment this strong, market this strong.

It looks like it came in hotter than expected. What you are seeing in the cuve is a what we call concave up in statistics, which is not the direction you want to go.

 

[KyloG]

FTSE at ATH's..DAX is getting there. US markets still a ways off ATH's.

 

[KyloG]

$MSFT with a fairly nice breakout...$290 incoming.

 

[Broken024]

Yeah 2% seems imminent lmao

I think there is a decent shot at 2-3% by summer. Total inflation over the last 8 months is at about 1%. As long as MoM numbers don't go crazy over next few months you will see that YoY number drop to under 3%.

 

[No snow for you]

welp

 

[KyloG]

I loathe this market...should have stayed away today. Lost a few $ today. Gap down and then they yank it up to clean shorts out and then roll it over hard to clean out longs. No thanks...

 

[KyloG]

Price action is hilarious...mm's are just toying with everyone.

That 409.5 pivot was toyed with all morning, they finally broke it and then yanked it right back above, which is fairly typical in a bear market.

 

[severestorm]

 

[KyloG]

I wonder what the correlation is between peak inverted to market bottom is....was market bottom back in the fall.

 

[KyloG]

In the old days when you got a chart like this it was buy OTM calls and make a lot of money. Breakout rejected yesterday...can we get another try today or tomorrow.

 

[KyloG]

Q's look great. Breakout after 2 week consolidation would mean higher highs coming. But, it's almost 20% since late December.

 

[Jimmy Hypocracy]

Q's look great. Breakout after 2 week consolidation would mean higher highs coming. But, it's almost 20% since late December.

View attachment 133254

Not feeling it. Feels like they’re just treading water killing early shorts. We’ll see

 

[Jimmy Hypocracy]

This opening candle is wild

 

[KyloG]

market just doesn't want to roll over. 4100 needs to hold on SPX fut

 

[KyloG]

Q's haven't touched it's 20dema in over a month now. That is a very long time but market just isn't rolling over. Every dip is being bought and the macro news hasn't been great, Fed is super hawkish, PPI was awful news today. I don't get it...but we've seen this many times in bull markets.

 

[KyloG]

Such fomo on NET....I tried playing it after earnings in Nov and it was so weak I gave up. At $40/share it was very good value for a growth stock. Ughh..