SPX 2m - I'm tracking

Posted by DigiNomad on 14th of Jun 2024 at 12:44 pm

SPX 2m - I'm tracking a rising wedge look...so we should break higher (2024 rules)

I can still redraw this.

Posted by DigiNomad on 14th of Jun 2024 at 01:45 pm

I can still redraw this. Kind of shocking if it actually plays out to the downside, but we'll see. 

ANF

Posted by mla127 on 14th of Jun 2024 at 12:22 pm

ANF

BTC not looking great. Is

Posted by DigiNomad on 14th of Jun 2024 at 12:17 pm

BTC not looking great. Is it leading the market or diverging from correlation? We'll see.

Someone call the Admin. We need an announcement about student loan forgiveness (which functionally amounts to  printing money to pay off the banks holding the loans), chartered border flights to wherever migrants want to go, debit cards for strangers....anything that keeps the money printer in turbo mode. BTC needs a lift - but it's been a hot second now since we've heard anything super crazy. 

SPX (ES OANDA version) -

Posted by DigiNomad on 14th of Jun 2024 at 12:02 pm

SPX (ES OANDA version) - not very common to see price blow through 9's and 13's on both sides like this.  The bull side gets blown out a lot in the afternoon melt ups, but I haven't seen this look often.  

DeMARK

Posted by brophy on 14th of Jun 2024 at 11:43 am

DeMark

Posted by steve on 14th of Jun 2024 at 03:48 pm

Thanks brophy for sharing Katie Demark views - FibQueen has timing 6/17-6/20 for possible pullback (window)

Look how bearish that last

Posted by DigiNomad on 14th of Jun 2024 at 11:44 am

Look how bearish that last 13 was. It paused for like a whole week!   

NAIIM exposure really dropped last

Posted by rbreese on 14th of Jun 2024 at 11:35 am

NAIIM exposure really dropped last week 93 to 68 area which suggests many large Institutions are very under invested.  This may keep   market with bids possible through OPEX next week. July is a very volatile month and a target by BPT too.  

Crude Oil has stalled at

Posted by steve on 14th of Jun 2024 at 11:11 am

Crude Oil has stalled at supply (around 80) thus far which is still a lower high 

Elon wins again    I

Posted by DigiNomad on 14th of Jun 2024 at 10:59 am

Elon wins again    I think it's hard to hate him no matter what side you think he's on or know you're on...because he's like the only guy in our modern society that speaks openly about important issues. Everyone else seems to be parrotting their teams approved narrative. 

Growth scare going on in

Posted by DigiNomad on 14th of Jun 2024 at 10:48 am

Growth scare going on in the background, but not many people are saying it out loud yet.  TNX, KRE and most bond yields down hard since weak PPI and CPI.  As expected, the market is having a little trouble with lower yields because of what they're signaling ahead.  I expected market to finally correct when bond yields DROPPED (contrary to what most say), but I don't think CPI and PPI are weak enough yet.

drip on the move

Posted by morton7 on 14th of Jun 2024 at 10:40 am

drip on the move

ARM add to Nasdaq-100 on

Posted by kellyvu on 14th of Jun 2024 at 10:29 am

ARM add to Nasdaq-100 on June 24.


ARM- The move in this... unreal.

Posted by elementsix on 14th of Jun 2024 at 10:23 am

ARM- The move in this... unreal. The April sell off really refreshed the buyers. Practically at another breakout level but like to see more volume come in.

How did we all not

Posted by DigiNomad on 14th of Jun 2024 at 10:34 am

How did we all not just shift a huge portfolio allocation over the SMH the day the CHIPS act was signed?  Can't say they didn't tell us it was coming...

SPX 10m .... never let

Posted by mla127 on 14th of Jun 2024 at 09:41 am

SPX 10m .... never let a dip goes to waste I guess  ... lol  ... still range bound ... 

SPX 10m ...  

Posted by mla127 on 14th of Jun 2024 at 10:22 am

SPX 10m ...  

SPX 10m ...  getting ready

Posted by mla127 on 14th of Jun 2024 at 11:34 am

SPX 10m ...  getting ready to tackle the gap ....    

SPX 10m ... building up

Posted by mla127 on 14th of Jun 2024 at 12:59 pm

SPX 10m ... building up for  an EOD Ramp launching pad ?  or will this be bear flagging from here ?  ...  

NFLX out of coil to

Posted by DigiNomad on 14th of Jun 2024 at 09:40 am

NFLX out of coil to the upside. Now dealing with previous high. Seems to be slicing through that like a hot knife through butter as I write this. 

NFLX has the baton for

Posted by DigiNomad on 14th of Jun 2024 at 09:57 am

NFLX has the baton for keeping the squeeze alive today. Still climbing. Looks good for a test of ATH's...about 50 points higher from here.

This name has tripled two different times since 2018. That's pretty crazy. 

NFLX slight pause...maybe a chance

Posted by DigiNomad on 14th of Jun 2024 at 10:32 am

NFLX slight pause...maybe a chance to get in? I sold puts at the open and was long because of the auto trader I use put me in. 

NFLX - that was a

Posted by DigiNomad on 14th of Jun 2024 at 11:06 am

NFLX - that was a great opportunity to get long. I scalped it.

nice flag on Flixter 

Posted by mla127 on 14th of Jun 2024 at 11:18 am

nice flag on Flixter 

If Janet had a Twitter

Posted by DigiNomad on 14th of Jun 2024 at 09:34 am

If Janet had a Twitter account, she would only need one post:  BTFD! 

Imagine is she was on

Posted by mla127 on 14th of Jun 2024 at 10:00 am

Imagine is she was on there posting meme  ....      one meme every few months ... Algos would trigger on this like there's no tomorrow ... there would be a 30 min segment on CNBC to analyse the deep meaning of it ....  if they've done it for Roaring kitty for GameStonk ...it would be next level with Janet ...    ... Dr Phil would probably be consulted to explain the psychological meaning of it ... etc...   

Haha. That would be awesome.

Posted by DigiNomad on 14th of Jun 2024 at 10:02 am

Haha. That would be awesome. The Trump approach to Treasury Secretary. 

Remember these days? DJT's tweets

Posted by DigiNomad on 14th of Jun 2024 at 10:10 am

Remember these days? DJT's tweets were a real and present danger to a trading plan. I posted this in August of 2019.

Happy Birthday President Trump!

Posted by morton7 on 14th of Jun 2024 at 10:16 am

Happy Birthday President Trump!

Consumer Sentiment at 10 am

Posted by steve on 14th of Jun 2024 at 09:16 am

Consumer Sentiment at 10 am EST

Weak sentiment reading  Michigan Consumer Sentiment

Posted by steve on 14th of Jun 2024 at 10:02 am

Weak sentiment reading 

Michigan Consumer Sentiment For June 65.6 Vs 72.1 Est.; 69.1 Prior

The call spreads I sold

Posted by DigiNomad on 14th of Jun 2024 at 10:06 am

The call spreads I sold near the close yesterday worked out great. Closed them before the open, as planned, for about 76% of potential profit. Now wishing I would have let them ride...but followed plan, so it's a win. 

Obligatory sell to show that

Posted by DigiNomad on 14th of Jun 2024 at 10:23 am

Obligatory sell to show that the market cares about the peasants and their sentiment...then BTFD and fly this pig. The rich get richer. 

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