That does make a ton of sense Digi, it seems like everyone's reaction the day of data is that rate cuts might get pushed back and then it just releases the rubberband the next day or 2 as inflation is good for stocks, like you said. It's overreaction and then correction and I'm left holding the bag again...

UNG is already in the KISS STS Tables and BOIL is just a leveraged version of UNG so you can trade BOIL when UNG goes long if you want. It's not going to have KOLD on there as the KISS tables aren't for shorts.

CPI came in HOT HOT HOT on all fronts!

Someone once told me the market doesn't only go up, boy were they wrong...

Hahaha, it's been over 3 years and plenty of time to do what you wanted to do there, give it up bro!

This is only the 2nd day in 62 years the S&P jumped 1% on a day when there were 2 losers for every winner on the NYSE exchange.

The other was the day after Black Monday.

I couldn't agree more Digi, and I'm not sure how the calculation works but could it just be that so many people are grabbing second jobs these days that very few that were unemployed are now employed but actually those that were already employed just grabbed second jobs increasing the number of jobs taken in the US?!?!  No clue but it doesn't seem to jive unless we did just hand out free low paying jobs to all migrants into the country.

Yesterday was the biggest tease ever as I just lost all my gains from my shorts and then some today.

Isn't this going to lead to a lot of pain in the future? I can't wrap my head around how this is a good thing at all.

This market makes me want to vomit...

Haha that would be pretty risky seeing inflation just came in hot and could cause a rapid spike. That page shows a 100% chance of a cut in Jun, Jul, Sep, Nov and Dec haha! That seems absurd and would indicate a recession if you ask me.

I sold at 6.60, was going to at 6.80 but work has been slammed during Dec month-end close so I got sidetracked unfortunately...

Yeah this can easily gap down >50 cents tomorrow and I'd be kicking myself...     once you lose on so many single stocks you forget how to sell a winner LOL

Would it be smart to just sell all my UNG or trail up a stop here? This upcoming week is looking nasty in Chicago but I think the market would already be baking in anything they see 1-2 weeks out, is that the proper way of looking at it?

You must be referring to QQQ because SPY was only up 1.4%.

Below 50 and it means the economy is contracting, not expanding, and it almost tapped 50. Yet, the market is rallying from the point this dropped which I find interesting. Last time it was under 50 was Jan 2023 and before that May and June 2020 during Covid.

Nonfarm payrolls crushed estimates, hourly earnings up and unemployment down. Smells like inflation is about to tick back up…

You never know morton, anything is possible...

That does make sense Digi and it doesn't look like a pullback will happen in 2023.

AI botched his hat in the bottom left pic LOL. Merry Christmas all!