Comments on: Swing Trade Ideas 6-15-23

By: KevinK

KevinK — Thu, 15 Jun 2023 23:22:35 +0000

You mean…
with the S&P up 24% off the October low and…..
Nasdaq up 33% in less than 6 months.

By: Scott

Scott — Thu, 15 Jun 2023 22:07:16 +0000

In reply to Scott. To elaborate on that point, any simple macro compass will show late stage bear markets are disinflationary with slowing growth. That's exactly what we have right now. The next quadrant from here is disinflation with rising growth. I listened to Darius only a couple weeks ago and he was still firmly in the camp of quadrant #4 (disinflation / slow growth).

By: Scott

Scott — Thu, 15 Jun 2023 22:04:16 +0000

In reply to Jeff Vandenburgh. Do you have a link to this? I follow Darius closely and he has NOT been calling for this environment to be bullish for risk assets. Quite the contrary. So if he's now claiming he was forecasting this move, then he's BS-ing.

By: Scott

Scott — Thu, 15 Jun 2023 21:51:05 +0000

In reply to G. Well said. This is the same thing as nat gas earlier this year. Painful to watch. It will be an epic victory lap once NQ finally has a pullback.

By: Mikeflegel

Mikeflegel — Thu, 15 Jun 2023 21:49:57 +0000

How could you call for an objective short with the market up four hundred and fifty points. We need some kind of explanation.

By: EasyTrade

EasyTrade — Thu, 15 Jun 2023 19:49:17 +0000

Randy, please update on wheat and wheat futures. Preference would be in a written post (not in another hour long video) since these posts are usually to the point, clear and concise.

By: KevinK

KevinK — Thu, 15 Jun 2023 19:41:01 +0000

In reply to Jeff Vandenburgh. Good info, Jeff, Usually indicates we're near time for a pullback, but I'm not so sure with this market.

By: Jeff Vandenburgh

Jeff Vandenburgh — Thu, 15 Jun 2023 19:40:32 +0000

The only “bearish” position that I can put on in good faith here is a treasury yield steepener position. With 10s-2s back down at -0.91, the risk reward definitely favors the 2Y here. And now there are micro yield contracts for little guys like myself to play with. You can buy one /2YY and sell one /10Y contract to put on the 10s-2s steepener. Or if you’d rather play the long end of the curve with a 30s-10s, buy one /10Y and sell one /30Y.

By: G

Thu, 15 Jun 2023 19:37:10 +0000

In reply to seasix. Lol.. most of our posts are liked though, so whoever is doing it is wasting their time.

By: Jeff Vandenburgh

Jeff Vandenburgh — Thu, 15 Jun 2023 19:30:00 +0000

In reply to KevinK. More important than sentiment is positioning, and last week's CTFC showed SPX shorts had only covered a very small number of contracts from their record short positioning. Hopefully they will have covered a lot more after this week, but such massive positioning will take some time to unwind, and I fear they will have done the opposite and added to shorts believing that the top is near and that the Fed's dot plot spells danger for equity markets soon.