Comments on: Pre-FOMC Stock Market Analysis 5-3-23

By: HermonMunster

HermonMunster — Wed, 03 May 2023 21:15:55 +0000

Hi guys.
I tried out my theory on gaming FMOC decision in options expiring today. I was thinking of setting a 20% profit limit sell order, but I had a meeting and wasn’t able to get back to the market until I only had a tiny profit.

Who knows if my order would have executed when the market is moving so quickly, but it seems possible.

https://i.imgur.com/f9cRxv0.jpg
https://i.imgur.com/Ffcye4A.jpg

I’ll try again during the next meeting but put my limit at just 5% because there should be less volatility next time

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 03 May 2023 20:18:52 +0000

In reply to Jeff Vandenburgh. Not a good press conference for Powell. RSOTC member, Scott, was right about the "pause" being a sell-the-news event. Powell didn't instill any confidence, as this market seems to have already priced in the pause and was looking for a pivot.

By: thebeagle55

thebeagle55 — Wed, 03 May 2023 19:57:33 +0000

been saying for the last month or more the neg divergence on
gold meant squat… your welcome
next resistance 2065-2070

By: trade0039

trade0039 — Wed, 03 May 2023 19:42:39 +0000

SPY forming nice reversal so far! We could see follow through to the downside tomorrow

By: Mikeflegel

Mikeflegel — Wed, 03 May 2023 18:59:42 +0000

Announcement is done… You’ve called the last year Pretty good. Any change? Nice move on weat today. Buy more today.

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 03 May 2023 18:41:23 +0000

Boom. Looks like we got The Pause (implied, of course).

By: thebeagle55

thebeagle55 — Wed, 03 May 2023 18:32:02 +0000

i have a headache..should have gone fishing instead of being a gambler…
but deep down i think i love this crap

By: myrightside

myrightside — Wed, 03 May 2023 16:55:25 +0000

microphone static & cracking