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)

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

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.

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