#NFP numbers today prove one thing w/o a shadow of doubt: inflation is out of control and about to get worst.
Same 500 companies are competing for these 190,000 workers AND paying them much more.
Gold $GC_F is the tell. We have been bullish on every dip. Now $1775. My $GOLD target is 2500. NEM target is 106 dollar (now 53).
RE: $ES_F I was bearish at close yesterday at 4403. 4403 has capped each and every rally attempt trading as low as 4380 in the night. Now back up to 4403 , I presume to take out some stops at 4410 🤔
Same 500 companies are competing for these 190,000 workers AND paying them much more.
Gold $GC_F is the tell. We have been bullish on every dip. Now $1775. My $GOLD target is 2500. NEM target is 106 dollar (now 53).
RE: $ES_F I was bearish at close yesterday at 4403. 4403 has capped each and every rally attempt trading as low as 4380 in the night. Now back up to 4403 , I presume to take out some stops at 4410 🤔
Very heavy volume to break the over night lows. Could be a trap 🪤 unless driven by some news.
Now 4376.
Now 4376.
Weekly levels have been provided on Twitter. I am coming in with a neutral to slightly bullish tint to the week ahead (now 4376).
1. I am not seeing underlying conditions which can cause a huge move up (or down) this week yet.
2. Energy and oil stocks are way overbot right now. Which doesn’t mean they die asap . However I won’t expect more than 10-15% juice 🧃 off them from here. XLE now 56 dollar apiece.
3. What I like is banks. XLF I gave at 37 now 39. BAC at 42 is now 45. I also like these hotel and airlines rn. AAL for eg is now 20 bucks. CCL is ~ 24. $F looks good at 15. It’s a stock pickers market rn. Feel free to share this with other traders , like your self 👍
1. I am not seeing underlying conditions which can cause a huge move up (or down) this week yet.
2. Energy and oil stocks are way overbot right now. Which doesn’t mean they die asap . However I won’t expect more than 10-15% juice 🧃 off them from here. XLE now 56 dollar apiece.
3. What I like is banks. XLF I gave at 37 now 39. BAC at 42 is now 45. I also like these hotel and airlines rn. AAL for eg is now 20 bucks. CCL is ~ 24. $F looks good at 15. It’s a stock pickers market rn. Feel free to share this with other traders , like your self 👍
Weekly auction has now evolved. We are seeing few major themes emerge in past couple sessions which may drive S&P500 lower (into 4180-4216) . Now 4333.
1. AAPL situation needs to be monitored. We turn bear 🐻 on stock at 147. Now 139. There’s isn’t much support below 136 all the way down into 126-127.
2. Noteworthy #bitcoin trading volumes have exploded. This is important context in light of recent equities action.
3. We have been bearish S&P500 since 4380. We don’t see a need to perk up now about spooz as long as we now stay below 4360.
4. Levels will be provided on down side . Feel free to share this broadcast with traders like your self. We expect atleast 50 shares (private and public).
1. AAPL situation needs to be monitored. We turn bear 🐻 on stock at 147. Now 139. There’s isn’t much support below 136 all the way down into 126-127.
2. Noteworthy #bitcoin trading volumes have exploded. This is important context in light of recent equities action.
3. We have been bearish S&P500 since 4380. We don’t see a need to perk up now about spooz as long as we now stay below 4360.
4. Levels will be provided on down side . Feel free to share this broadcast with traders like your self. We expect atleast 50 shares (private and public).
Once again, rallies being sold as expected. Softness in session. No major news now until 2 when #fomc comes out.
If my take on Jerome is correct (cuck and shameless), the notes will come out in such a way that they may lead to a small dip into 4308 area and let his cronies buy some more time to distribute to commoners. Dips into 4308 may be bot.
Now 4336.
If my take on Jerome is correct (cuck and shameless), the notes will come out in such a way that they may lead to a small dip into 4308 area and let his cronies buy some more time to distribute to commoners. Dips into 4308 may be bot.
Now 4336.
Free plan 10/14:
1. We were bearish coming into session today with LIS at 4360; however market has rejected 🙅♀️ our advances (so far) & now trading 4395
2. Banks have killed their earnings, they are all gapping up..
3. With this context, I favor the dips & higher prices as long as above 2 day high 4360. My targets are a test of 4403, a break and then 4424 thereafter.
4. On downside, I will consider shorts below 4360 intraday basis.
1. We were bearish coming into session today with LIS at 4360; however market has rejected 🙅♀️ our advances (so far) & now trading 4395
2. Banks have killed their earnings, they are all gapping up..
3. With this context, I favor the dips & higher prices as long as above 2 day high 4360. My targets are a test of 4403, a break and then 4424 thereafter.
4. On downside, I will consider shorts below 4360 intraday basis.
Lot of work for bulls to do next as I approach my intraday targets.
All sort of resistance here at 4430-4440 zone.
I mean where is the risk to reward 🤔🤔
At max, they achieve 4472. At what cost 🤔
If downside of 3980 is possible which is 450 handles below. Is it wise to chase 50-60 point 🤔🤔🤔
Now 4420.
All sort of resistance here at 4430-4440 zone.
I mean where is the risk to reward 🤔🤔
At max, they achieve 4472. At what cost 🤔
If downside of 3980 is possible which is 450 handles below. Is it wise to chase 50-60 point 🤔🤔🤔
Now 4420.
BAC which we gave at 42 now looking rock solid at 45. I am also liking NET which I missed earlier at 144 now 165. Think it makes a run towards 233-235.
Friday auction very close to the monthly highs. A neutral to slightly bearish open.
Now 4453. As of 845 AM. Central.
Now 4453. As of 845 AM. Central.
Waiting game now for some one large to either start onboarding. Or offloading.
As promised, here’s my weekly S&P500 plan:
1. Key factor right now is inflation and the fact no one expects any rates to go up 2-3 months out
2. Market is calculating at 5% inflation and 0% yields S&P500 <> 4500-225 = 4280 BUT 4500+225= 4725 (tweet @ me if the math is not clear). This equation is actually driving many more assets rn not just equities.
3. With this in backdrop, technical levels are 4406. I do not expect sustained selling unless we can close below 4390-4406. On the contrary, dips there may be BOT.
4. Now 4464. Targets of 4520-4530 this week may be possible. Please share this to reach more traders like your self.
1. Key factor right now is inflation and the fact no one expects any rates to go up 2-3 months out
2. Market is calculating at 5% inflation and 0% yields S&P500 <> 4500-225 = 4280 BUT 4500+225= 4725 (tweet @ me if the math is not clear). This equation is actually driving many more assets rn not just equities.
3. With this in backdrop, technical levels are 4406. I do not expect sustained selling unless we can close below 4390-4406. On the contrary, dips there may be BOT.
4. Now 4464. Targets of 4520-4530 this week may be possible. Please share this to reach more traders like your self.
Good morning traders:
1. Nightly action is inconclusive and doesn’t present an edge to either bears or bulls
2. This may turn out to be a balanced day
3. Levels of interest are 4426 amd 4460.
4. Now 4443.
1. Nightly action is inconclusive and doesn’t present an edge to either bears or bulls
2. This may turn out to be a balanced day
3. Levels of interest are 4426 amd 4460.
4. Now 4443.
MARA stock which way gave at 48 is now 52, I expect it to be very active today along with the likes of $RIOT $MSTR etc
Brand new buys here are tricky because with first ever #bitcoin ETF #bito being launched at 40 dollars apiece, there will be an ample opportunity for liquidity and take profits.
I do think #bitcoin itself could use a pullback here now 63000. We have been bullish on #btc from 29K handle. My LIS has been around 44-47K on this.
Brand new buys here are tricky because with first ever #bitcoin ETF #bito being launched at 40 dollars apiece, there will be an ample opportunity for liquidity and take profits.
I do think #bitcoin itself could use a pullback here now 63000. We have been bullish on #btc from 29K handle. My LIS has been around 44-47K on this.
S&P500 is quite perky overnight.
It will be hard to dislodge this sentiment, unless and until we offer below Friday highs of 4472. This is also the SOC from September and therefore an important level.
Now 4490. ON highs are at 4505. Beyond that my current target of 4535.
It will be hard to dislodge this sentiment, unless and until we offer below Friday highs of 4472. This is also the SOC from September and therefore an important level.
Now 4490. ON highs are at 4505. Beyond that my current target of 4535.
Pretty meh 😑 so far ..
Was expecting more fireworks 💥 tbh
Still not IB over yet so will give it another 20-30 minutes
Now 4495
Was expecting more fireworks 💥 tbh
Still not IB over yet so will give it another 20-30 minutes
Now 4495
Folks: check my Twitter for daily plan and levels .
I am watching 4542-4546 for climactic action and a swing high.
Now 4515.
I am watching 4542-4546 for climactic action and a swing high.
Now 4515.