Comments on: Early-session Technical Analysis 4-3-24

By: becky

becky — Thu, 11 Apr 2024 21:15:35 +0000

In reply to Jeff Vandenburgh. Huh, thanks. :-) TLT looks pretty sick since we spoke last.

By: Jeff Vandenburgh

Jeff Vandenburgh — Thu, 04 Apr 2024 16:17:08 +0000

Best way to get above resistance: gap above it.
There has been no change to the weekly pattern where stocks top out on Friday or Monday, sell off into Wednesday, and rip to the upside Thursday into Friday.
On every dip, puts get bought and become quickly oversupplied, with this week’s Put/Call reading the highest this year. If you think you’re being “contrarian” by being bearish, think again. The stock market is not in a parabolic bubble; it’s climbing a wall of worry.

By: Imadaytr8r

Imadaytr8r — Thu, 04 Apr 2024 08:21:30 +0000

Thanks Randy for all your forward indicators about a resurgent inflation … gave me the confidence to stay the course as Powell attempted to pump the market and as the lemming Bulls complied at the top of the SPX just before the dump I bought a 1-DTE OTM Put Butterfly Option capping my potential loss at $50 and making a profit of $400 at the bottom of the dump!!! That was a beautiful thing! Expecting Thursday to be uneventful then the new jobs number to be a blowout to the upside on Friday eventually leading to another sharp decline by EOD. Friday! QQQ could close below your 433! We’ll see …

By: KevinK

KevinK — Thu, 04 Apr 2024 00:07:55 +0000

In reply to seasix. To early to short. Fed hasn't started cutting yet.

By: @GEOTRDR

@GEOTRDR — Wed, 03 Apr 2024 20:13:03 +0000

Long into thursday….imho

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 03 Apr 2024 17:42:32 +0000

In reply to becky. I love your sarcasm, Becky!

By: becky

becky — Wed, 03 Apr 2024 17:26:14 +0000

In reply to Jeff Vandenburgh. TLT looks pretty sad today. Doesn’t look like the yields are backing off

By: seasix

seasix — Wed, 03 Apr 2024 17:08:42 +0000

Earnings season starting soon, too early to short. Wait for QQQ 455

By: AP

AP — Wed, 03 Apr 2024 16:42:09 +0000

NQ Higher high , higher low chart is a bullish op dream. What a ladder

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 03 Apr 2024 16:36:53 +0000

Good news from J.Powell this morning: Still planning on rate cuts despite any bumps in inflation data. Bond market is confirming with yields looking like a failed breakout now falling back into the goldilocks zone. Broadening strength across sectors and style factors continues as global economic growth rebounds.