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06/02/2023 Live Update

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Cobra
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06/02/2023 Live Update

Post by Cobra »

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Very big doji so far, looks like the market has no idea which way to go, we wait. Overall, I think bias is up.
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JFR
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Re: 06/02/2023 Live Update

Post by JFR »

NQ. Nasdaq futures. Daily.

At the top. Knocking on the door of resistance.

2023-06-02_06-13-22.png
Last edited by JFR on Fri Jun 02, 2023 9:29 am, edited 1 time in total.
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JFR
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Re: 06/02/2023 Live Update

Post by JFR »

NQ. 60 minutes.

Strong move up to 14571. Well above R3.

Above the EMA 20.

2023-06-02_06-16-45.png
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JFR
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Re: 06/02/2023 Live Update

Post by JFR »

Source:

https://www.marketwatch.com/story/jobs- ... =home-page

Not my data. Not my chart.

2023-06-02_06-21-14.png
The numbers: The U.S. added a muscular 339,000 new jobs in May, underscoring the resilience of the economy in the face of rising borrowing costs.

Employment gains in April and March were also considerably higher than previously reported, the government reported Friday, in another sign the labor market remains unusually strong.

Wall Street had forecast a 190,000 increase in new jobs.

The robust demand for labor suggests a widely predicted recession is still far away, but it complicates the Federal Reserve’s efforts to bring high inflation to heel.

The economy has been adding so many jobs it’s created a shortage of workers and is pushing wages higher. Rising pay has added to price pressures and left inflation stuck in the 4% to 5% range — three times higher vs. pre-pandemic levels.

The central bank had been expected to skip an interest-rate hike at its June 13-14 meeting to give it more time to assess the effect of prior increases on the economy. Senior officials are worried they will cause a recession if they act too aggressively.
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JFR
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Re: 06/02/2023 Live Update

Post by JFR »

NQ. 5 minutes.

Trying to breakout.

2023-06-02_06-31-22.png
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Serenity
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Re: 06/02/2023 Live Update

Post by Serenity »

The Senate passed a bill late Thursday evening to suspend the nation's debt limit through January 1, 2025, averting a first-ever US default just days ahead of the deadline. The House earlier this week already passed the measure, which can now be sent to President Joe Biden to be signed into law.
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JFR
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Re: 06/02/2023 Live Update

Post by JFR »

ABR. Arbor Real Estate.

Incorporated in 2003. HQ in Uniondale, New York.

I posted this one on here last year in July.

Financials are still good in my opinion. It's making another run.

Back later ...

2023-06-02_06-52-37.png
Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates in two segments, Structured Business and Agency Business. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities. The company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction; junior participation financing in the form of a junior participating interest in the senior debt; and financing products to borrowers who are looking to acquire conventional, workforce, and affordable single-family housing. Further, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Arbor Realty Trust, Inc. was incorporated in 2003 and is headquartered in Uniondale, New York. -- Yahoo Finance
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Cobra
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Re: 06/02/2023 Live Update

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Cobra
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Re: 06/02/2023 Live Update

Post by Cobra »

It's a morning hourly filled black bar
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Al_Dente
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Re: 06/02/2023 Live Update

Post by Al_Dente »

KRISPY KREME
Friday, 6/2 Only!
ANY DOUGHNUT FREE, IN SHOP
to Celebrate National Doughnut Day!
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Serenity
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Re: 06/02/2023 Live Update

Post by Serenity »

Bespoke
@bespokeinvest (17hr ago tweet)
Average performance in May:

10 largest S&P 500 stocks: +8.9%
490 smallest S&P 500 stocks: -4.3%

I read it as there are 490 stocks investable.

https://twitter.com/bespokeinvest?ref_s ... r%5Eauthor
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Cobra
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Re: 06/02/2023 Live Update

Post by Cobra »

No pullback in the next couple of bars then it's an uptrend day.
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Cobra
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Re: 06/02/2023 Live Update

Post by Cobra »


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BullBear52x
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Re: 06/02/2023 Live Update

Post by BullBear52x »

At this point I will have to find excuse to sell before another week off.
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BullBear52x
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Re: 06/02/2023 Live Update

Post by BullBear52x »

Yesterday we have a negative price action, if we trade under my red line it will be another negative day. will see.
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BullBear52x
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Re: 06/02/2023 Live Update

Post by BullBear52x »

How is this breakout looks? very good, dip will be bought. day trade is another story. time frame of a trade matters!
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Cobra
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Re: 06/02/2023 Live Update

Post by Cobra »

Breakout is more likely.
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BullBear52x
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Re: 06/02/2023 Live Update

Post by BullBear52x »

See $BPSPX, it flips to bullish bias now. the last 4 negative reversal got killed today. It is what it is.....Bears will have to take the defeat and regroup later.
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BullBear52x
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Re: 06/02/2023 Live Update

Post by BullBear52x »

Day trade, I will sell the rest of bearish cross on momentum until the cross below zero holds, it's very overbought at this point. just today. :twisted:
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BullBear52x
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Re: 06/02/2023 Live Update

Post by BullBear52x »

Ever heard of Honey hole special? this is it. :D
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