Posted by DigiNomad on 20th of Jun 2024 at 01:27 pm
Internals not confirming negativity. Market is in yeah
right....we know the printing press is set to turbo mode. I
think this is an almost obligatory move lower on the jobs revisions
and some technical exhaustion...but the market doesn't give two
sh*ts about jobs if money is being created and funneled to them.
The reaction is human but the machines will likely take over and
avoid the emotional 1st turn. BTFD
Posted by DigiNomad on 20th of Jun 2024 at 02:07 pm
Freaking nailed this call. Easy pickings. Standing by it, but I
just took profits on scalps...shorter time frames just cycled
through 9 (blown) out 9, then 13 and 9. Standard Janet action
but due for break.
Posted by DigiNomad on 20th of Jun 2024 at 01:49 pm
Not exactly. Yes, NVDA is responsible for the majority of gains
YTD, but there is an ingenious rotation strategy in play that keeps
the index squeeze in play while they give high flyers a break.
I don't know if they used AI to assist in the strategy but
it's hard to imagine that AI could have done a better job if it was
used. Perfection.
Posted by DigiNomad on 20th of Jun 2024 at 01:57 pm
I never worked on an institutional trading desk, but I imagine
there must be something akin to "smoke signals" that get sent
between players large enough to move the market in order to
multiply their market influence without getting accused of
collusion. I mean, it wouldn't be hard. E.g. if you see a HUMONGOUS
block order on XYZ sector 45 minutes before the open, that's our
bogey for the day. The order doesn't have to execute, but it could
easily signal all the other players about the strategy for the day.
WallSt Bets on steroids...and nearly impossible to
detect.
Posted by DigiNomad on 20th of Jun 2024 at 02:20 pm
They really had to blow out the other side (XLE, currency
dilution basket, etc) to the upside to support the index while NVDA
and other large caps got a break. Impressive!
The pattern has been for them to select 1 or 2 large caps to
support the index on down days - today it is AMZN and
GOOG.
Internals not confirming negativity. Market
Posted by DigiNomad on 20th of Jun 2024 at 01:27 pm
Internals not confirming negativity. Market is in yeah right....we know the printing press is set to turbo mode. I think this is an almost obligatory move lower on the jobs revisions and some technical exhaustion...but the market doesn't give two sh*ts about jobs if money is being created and funneled to them. The reaction is human but the machines will likely take over and avoid the emotional 1st turn. BTFD
Freaking nailed this call. Easy
Posted by DigiNomad on 20th of Jun 2024 at 02:07 pm
Freaking nailed this call. Easy pickings. Standing by it, but I just took profits on scalps...shorter time frames just cycled through 9 (blown) out 9, then 13 and 9. Standard Janet action but due for break.
Might close green
Posted by DigiNomad on 20th of Jun 2024 at 01:44 pm
Might close green
Just look at NVDA ..
Posted by mla127 on 20th of Jun 2024 at 01:37 pm
Just look at NVDA .. that's all that matter ... lol ...
Not exactly. Yes, NVDA is
Posted by DigiNomad on 20th of Jun 2024 at 01:49 pm
Not exactly. Yes, NVDA is responsible for the majority of gains YTD, but there is an ingenious rotation strategy in play that keeps the index squeeze in play while they give high flyers a break. I don't know if they used AI to assist in the strategy but it's hard to imagine that AI could have done a better job if it was used. Perfection.
I never worked on an
Posted by DigiNomad on 20th of Jun 2024 at 01:57 pm
I never worked on an institutional trading desk, but I imagine there must be something akin to "smoke signals" that get sent between players large enough to move the market in order to multiply their market influence without getting accused of collusion. I mean, it wouldn't be hard. E.g. if you see a HUMONGOUS block order on XYZ sector 45 minutes before the open, that's our bogey for the day. The order doesn't have to execute, but it could easily signal all the other players about the strategy for the day. WallSt Bets on steroids...and nearly impossible to detect.
They really had to blow
Posted by DigiNomad on 20th of Jun 2024 at 02:20 pm
They really had to blow out the other side (XLE, currency dilution basket, etc) to the upside to support the index while NVDA and other large caps got a break. Impressive!
The pattern has been for them to select 1 or 2 large caps to support the index on down days - today it is AMZN and GOOG.
Yep and we nailed it
Posted by steve on 20th of Jun 2024 at 02:25 pm
Yep and we nailed it this week - energy was close to DZ
You mentioned silver to I
Posted by srusso1 on 20th of Jun 2024 at 02:38 pm
You mentioned silver to I bought some AG
I own it also. Giddy
Posted by DigiNomad on 20th of Jun 2024 at 02:40 pm
I own it also. Giddy up. It's been rough.
yes did good with XOM
Posted by srusso1 on 20th of Jun 2024 at 02:30 pm
yes did good with XOM calls Thanks Steve