In ES futures we have time resistance to the rally with the last
swing being up 25 bar on the 120m chart and the current rally swing
in time is similar at 24 bars up so far...good time to trail up a
stop
Posted by pintopower on 28th of Jan 2023 at 11:16 pm
Matt -
When you get the chance can you explain on the intraday BPT
Deluxe charts two things:
1) what are the dots in blue and pink? If you could
explain generally what they are so that I can understand it on an
intuitive level, that would be helpful.
2) why is do those intraday charts not have the vertical lines
like the daily chart?
I understand you have a lot going on with personal matters so it
doesn't have to be right away, but if you could explain it, when
you get the chance, that would be great. TIA
Posted by timebandit on 28th of Jan 2023 at 05:15 pm
$CPC closed pretty low Friday at 0.84. Past times it reached
this level on this chart led to a decline in $SPX, sometimes one
day, sometimes multi-day. No guarantee it will happen again, but
that's the pattern. If the rapid plunge in BB width keeps up much
longer, the bands will become very tight very soon.
US paid $853 Billion in Interest for $31 Trillion Debt in 2022;
More than Defense Budget in 2023. If the Fed keeps rates at at
these levels (or higher) we will be at $1.2 trillion to $1.5
trillion in interest paid on the debt. The US govt collects about
$4.9 trillion in taxes.
Posted by diabloblanco on 28th of Jan 2023 at 05:03 pm
Reduce rates and they'll spend more , raise taxes to
bring in more revenue and they'll spend more . They're gonna
spend more and create more debt till the country folds like a cheap
suit . To assume they'll do what's best for the country is to
ignore what they've done already , the exact opposite.
Will the stock market rise if the dollar falls hard ? ,,,
Hard assets rise against a weak currency . Kinda
like my house , when it was built (1959)ish sold for 7k
now 800k
Hence the need to cut rates as early as they can. The fed
is probably more desperate than people think to cut rates. But they
are waiting for data to show cooling which so far has been trending
in the right direction (bad news for bears)
Earnings recession cant get worse. Analysts have cut estimates
significantly. Stocks got destroyed last 2 years.
I am not super bullish or super bearish. I am definitely not in
the camp of retesting covid lows. As of now trading what I see.
Long term portfolio is still invested. Made some adjustments as
needed for example picked up more Tesla at 115, XBI at 65 last
year
$SPX - Chart Link- plenty of support areas
below (bulls don't want below 4005)
ES Weekly pivot 4070 which if held makes Friday's selling
insignificant and targets 4125 4141 4160 4195. Acceptance
below 4070 targets 4032 4010 3975 and 200 day MA
I’m from Italy. Official CPI rate as of dec 22 is 11,6%, near
the top of nov 22 at 11,8%. The main item was energy with natural
gas and electricity out of control due to silly sanctions against
Russia. Wages are steady at the moment, so no inflationary spiral
in place still. For now the top in inflation may be in, with a mild
winter NG is way down and also elecricity with it lately. The big
driver will be escalation of Ucrain conflict or not. The stronger
Euro is helping.
In dec 22 the prices of unregulated energy (which, while
maintaining sustained growth, pass +69.9% to +63.3%), unprocessed
food (from +11.4 % to +9.5%) and transport-related services (from
+6.8% to +6.0%); on the other hand, support for the inflation trend
derives from the acceleration in the prices of regulated energy
(from +57.9% to +70.2%), processed food (from +14.3% to +14.9% ),
recreational, cultural and personal care services (from +5.5% to
+6.2%) and communications services (from +0.2% to +0.7%).
In December 2022, core inflation (i.e. excluding energy and
fresh food) accelerated from +5.6% to +5.8% and that excluding
energy alone rose from +6.1% to +6.2%
Posted by fredsaid on 27th of Jan 2023 at 04:07 pm
I accidentally moved 99% of my 401k into WFC yesterday ... was
long on other stuff and meant to move it to the WF stable capital
fund. Just moved it out. Fortunately that worked out
...phew.
CX was a great breakout
Posted by rbreese on 29th of Jan 2023 at 09:55 am
CX was a great breakout to new highs but now RSI extended and 4 simple moving averages look toppy and massive volume on Friday. Thoughts please.
Australia on the other hand
Posted by raymuy on 29th of Jan 2023 at 09:35 am
Australia on the other hand is looking strong - not far away from previuos tops
AEX CAC and DAX are
Posted by raymuy on 29th of Jan 2023 at 09:22 am
AEX CAC and DAX are looking tired
Carolyn Boroden @QueenOfFibs In ES futures we have
Posted by raymuy on 29th of Jan 2023 at 09:19 am
Carolyn Boroden
@QueenOfFibs
In ES futures we have time resistance to the rally with the last swing being up 25 bar on the 120m chart and the current rally swing in time is similar at 24 bars up so far...good time to trail up a stop
FOMC Wednesday and ECB/BOE on
Posted by steve on 29th of Jan 2023 at 09:15 am
FOMC Wednesday and ECB/BOE on Thursday
AMZN GOOGL AAPL Thursday
META Wednesday
TSLA practice count 15 min
Posted by diabloblanco on 29th of Jan 2023 at 08:58 am
TSLA practice count 15 min
Matt - When you get the
Posted by pintopower on 28th of Jan 2023 at 11:16 pm
Matt -
When you get the chance can you explain on the intraday BPT Deluxe charts two things:
1) what are the dots in blue and pink? If you could explain generally what they are so that I can understand it on an intuitive level, that would be helpful.
2) why is do those intraday charts not have the vertical lines like the daily chart?
I understand you have a lot going on with personal matters so it doesn't have to be right away, but if you could explain it, when you get the chance, that would be great. TIA
$CPC closed pretty low Friday
Posted by timebandit on 28th of Jan 2023 at 05:15 pm
$CPC closed pretty low Friday at 0.84. Past times it reached this level on this chart led to a decline in $SPX, sometimes one day, sometimes multi-day. No guarantee it will happen again, but that's the pattern. If the rapid plunge in BB width keeps up much longer, the bands will become very tight very soon.
Thanks timebandit for that observation
Posted by rmoore100 on 28th of Jan 2023 at 05:38 pm
Thanks timebandit for that observation !! Appreciate it !!
Debt
Posted by steve on 28th of Jan 2023 at 03:03 pm
US paid $853 Billion in Interest for $31 Trillion Debt in 2022; More than Defense Budget in 2023. If the Fed keeps rates at at these levels (or higher) we will be at $1.2 trillion to $1.5 trillion in interest paid on the debt. The US govt collects about $4.9 trillion in taxes.
Fred Economic Data (St. Louis Fed)
twitter.com
Reduce rates and they'll spend
Posted by diabloblanco on 28th of Jan 2023 at 05:03 pm
Reduce rates and they'll spend more , raise taxes to bring in more revenue and they'll spend more . They're gonna spend more and create more debt till the country folds like a cheap suit . To assume they'll do what's best for the country is to ignore what they've done already , the exact opposite.
Will the stock market rise if the dollar falls hard ? ,,, Hard assets rise against a weak currency . Kinda like my house , when it was built (1959)ish sold for 7k now 800k
Hence the need to cut
Posted by arun on 28th of Jan 2023 at 03:45 pm
Hence the need to cut rates as early as they can. The fed is probably more desperate than people think to cut rates. But they are waiting for data to show cooling which so far has been trending in the right direction (bad news for bears)
Earnings recession cant get worse. Analysts have cut estimates significantly. Stocks got destroyed last 2 years.
Technicals so far have been confirming this move.
You are super bullish.
Posted by bpozdoll1717 on 28th of Jan 2023 at 10:03 pm
You are super bullish. Are you heavily long?
I am not super bullish
Posted by arun on 29th of Jan 2023 at 07:47 am
I am not super bullish or super bearish. I am definitely not in the camp of retesting covid lows. As of now trading what I see. Long term portfolio is still invested. Made some adjustments as needed for example picked up more Tesla at 115, XBI at 65 last year
Big Week For Earnings Ahead
Posted by steve on 28th of Jan 2023 at 12:05 pm
$ AMZN $META $AMD $AAPL $GOOGL $PFE $XOM $F $SNAP $MCD $MRK $SPOT $TMUS $SBUX
Big Tech Names
twitter.com
SPX 15 with Fibs
Posted by steve on 28th of Jan 2023 at 11:58 am
$SPX - Chart Link- plenty of support areas below (bulls don't want below 4005)
ES Weekly pivot 4070 which if held makes Friday's selling insignificant and targets 4125 4141 4160 4195. Acceptance below 4070 targets 4032 4010 3975 and 200 day MA
Big earnings week ahead and FOMC Feb 1st
Some levels on SPX and
Posted by steve on 29th of Jan 2023 at 09:16 am
Some levels on SPX and ES posted yesterday to write down
short term very extended. Options
Posted by arun on 29th of Jan 2023 at 10:15 am
short term very extended. Options pricing is too enticing to market makers to ensure a rug pull
Does any member here reside
Posted by steve on 28th of Jan 2023 at 09:26 am
Does any member here reside on Italy? Inflation likely to ramp higher it appears. Please share such insights
I’m from Italy. Official CPI
Posted by giannig on 28th of Jan 2023 at 05:02 pm
I’m from Italy. Official CPI rate as of dec 22 is 11,6%, near the top of nov 22 at 11,8%. The main item was energy with natural gas and electricity out of control due to silly sanctions against Russia. Wages are steady at the moment, so no inflationary spiral in place still. For now the top in inflation may be in, with a mild winter NG is way down and also elecricity with it lately. The big driver will be escalation of Ucrain conflict or not. The stronger Euro is helping.
My graduate school buddy said
Posted by steve on 28th of Jan 2023 at 09:30 am
My graduate school buddy said the cost of pizza alone has risen 30 percent. Diesel prices surging and that's prior to the embargo.
In dec 22 the prices
Posted by giannig on 28th of Jan 2023 at 05:09 pm
In dec 22 the prices of unregulated energy (which, while maintaining sustained growth, pass +69.9% to +63.3%), unprocessed food (from +11.4 % to +9.5%) and transport-related services (from +6.8% to +6.0%); on the other hand, support for the inflation trend derives from the acceleration in the prices of regulated energy (from +57.9% to +70.2%), processed food (from +14.3% to +14.9% ), recreational, cultural and personal care services (from +5.5% to +6.2%) and communications services (from +0.2% to +0.7%).
In December 2022, core inflation (i.e. excluding energy and fresh food) accelerated from +5.6% to +5.8% and that excluding energy alone rose from +6.1% to +6.2%
Diesel is 2 bucks a
Posted by diabloblanco on 28th of Jan 2023 at 10:24 am
Diesel is 2 bucks a liter in Toronto was as high as 2.45
1 us gallon = 3.78 so 3.78 * 2 7.56 cad a us gallon
or about 5 USD
all this talk of car
Posted by diabloblanco on 28th of Jan 2023 at 09:05 am
all this talk of car COs made me think of this one ,,,
TSLA was about 316 after
Posted by rbreese on 28th of Jan 2023 at 08:23 am
TSLA was about 316 after stock split down to almost 100. Do you think the bears did OK?
Tesla bears Please stand up Please
Posted by arun on 27th of Jan 2023 at 04:23 pm
Tesla bears
Please stand up
Please stand up
too funny i heard that
Posted by morton7 on 27th of Jan 2023 at 04:28 pm
too funny i heard that one on the way to work this morning
If anyone shorted Tesla first
Posted by arun on 27th of Jan 2023 at 05:27 pm
If anyone shorted Tesla first week of December and forgot to cover it for whatever reason , you are $#%}…ed
Lol TSLA is still down
Posted by marcorubin on 27th of Jan 2023 at 05:38 pm
Lol TSLA is still down over 50% from last year you would think it's at an all time high the way you pumping it
You are welcome to Short
Posted by arun on 27th of Jan 2023 at 06:22 pm
You are welcome to Short it bro
Tesla shorts never learn. They
Posted by tgo5043 on 27th of Jan 2023 at 04:37 pm
Tesla shorts never learn. They get killed 5 times for every one time they make money.
lolololol.
Posted by arun on 27th of Jan 2023 at 05:00 pm
lolololol.
Have a nice weekend everyone
Posted by steve on 27th of Jan 2023 at 04:08 pm
Have a nice weekend everyone
You too and everyone. Looking
Posted by fredsaid on 27th of Jan 2023 at 04:09 pm
You too and everyone. Looking forward to some good football games !
what time the Bills on?
Posted by retirefire on 27th of Jan 2023 at 04:10 pm
what time the Bills on? Sept 9th
Thank you for your guidance,
Posted by junkie on 27th of Jan 2023 at 04:08 pm
Thank you for your guidance, coach Steve!
I accidentally moved 99% of
Posted by fredsaid on 27th of Jan 2023 at 04:07 pm
I accidentally moved 99% of my 401k into WFC yesterday ... was long on other stuff and meant to move it to the WF stable capital fund. Just moved it out. Fortunately that worked out ...phew.
MES. sitting on vwap right
Posted by watcdy on 27th of Jan 2023 at 04:06 pm
MES. sitting on vwap right now. — let’s see if it holds
SDS - nice rise from
Posted by dragonfly28 on 27th of Jan 2023 at 04:02 pm
SDS - nice rise from 3:35 to the close
It would appear we closed
Posted by fredsaid on 27th of Jan 2023 at 04:01 pm
It would appear we closed right at that VWAP 405.70.