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05/10/2023 Live Update

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Cobra
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05/10/2023 Live Update

Post by Cobra »

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Inflation must be gone, QE is imminent. Anyway, it's a bull flag breakout so could be a measured up.
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Al_Dente
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Re: 05/10/2023 Live Update

Post by Al_Dente »

CPI 4.9% was slightly cooler than the 5.0% YoY expected.
This was the smallest 12-month increase since the period ending April 2021.

All the major forecasts:
5.1% - Goldman Sachs
5.1% - Citigroup
5.1% - JP Morgan Chase
5.1% - Morgan Stanley
5.0% - Barclays
5.0% - Bank of America
5.0% - Credit Suisse
5.0% - Bloomberg Economics
5.0% - HSBC
5.0% - UBS
5.0% - Wells Fargo
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 05/10/2023 Live Update

Post by Cobra »


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Cobra
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Re: 05/10/2023 Live Update

Post by Cobra »

It's a morning hourly filled black bar.
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Al_Dente
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Re: 05/10/2023 Live Update

Post by Al_Dente »

GOAT Stan Druckenmiller thinks the US economy is teetering on the edge of a recession, predicting a "hard landing", and warning that "there's a lot more bodies coming" with regarding regional banks and corporate bankruptcies.
"...when you have free money, people do stupid things. When you have free money for 11 years, people do really stupid things."
“If I liked the stock market, I would be exposed to it, and I’m not exposed to it
.... I could change my mind in a week or two folks"
https://www.zerohedge.com/markets/lot-m ... ing-people
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
brokebybernacke2
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Re: 05/10/2023 Live Update

Post by brokebybernacke2 »

skid row
te_fern
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Re: 05/10/2023 Live Update

Post by te_fern »

Double rail caught it, time for a little bounce. Not acting too bullish since the open....
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te_fern
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Re: 05/10/2023 Live Update

Post by te_fern »

See if this little rally can turn into something bigger!!
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te_fern
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Re: 05/10/2023 Live Update

Post by te_fern »

Needs to break thru those 2 MA lines....
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BullBear52x
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Re: 05/10/2023 Live Update

Post by BullBear52x »

I said /ES 4127 will not hold this time, so far it held up twice over night and this morning, I still think we are going lower.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Al_Dente
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Re: 05/10/2023 Live Update

Post by Al_Dente »

BullBear52x wrote:I said /ES 4127 will not hold this time, so far it held up twice over night and this morning, I still think we are going lower.
Hey Boss: Do you have an update on your REVERSAL TRACKER?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 05/10/2023 Live Update

Post by Cobra »


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BullBear52x
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Re: 05/10/2023 Live Update

Post by BullBear52x »

Al_Dente wrote:
BullBear52x wrote:I said /ES 4127 will not hold this time, so far it held up twice over night and this morning, I still think we are going lower.
Hey Boss: Do you have an update on your REVERSAL TRACKER?
Nothing much, sideways, see $BPSPX improvement.
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BullBear52x
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Re: 05/10/2023 Live Update

Post by BullBear52x »

Inside day, day trading only.
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Al_Dente
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Re: 05/10/2023 Live Update

Post by Al_Dente »

BullBear52x wrote:
Al_Dente wrote:
BullBear52x wrote:I said /ES 4127 will not hold this time, so far it held up twice over night and this morning, I still think we are going lower.
Hey Boss: Do you have an update on your REVERSAL TRACKER?
Nothing much, sideways, see $BPSPX improvement.
THANKS BOSS :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 05/10/2023 Live Update

Post by Al_Dente »

After the bell: DIS earnings report
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Cobra
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Re: 05/10/2023 Live Update

Post by Cobra »

Another 100% measured move down (pink tinted area), so probably there's still another leg down.
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BullBear52x
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Re: 05/10/2023 Live Update

Post by BullBear52x »

Back inside no man's land. :lol:

Next big news is wait for Debt ceiling. we need to borrow more money to pay debt. (say what?) yes, need credit line to pay creditor. Haha.

internals are bearish with big bearish bar. Peace!
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JFR
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Re: 05/10/2023 Live Update

Post by JFR »

ES daily.

A doji, with large shadows testing both up and down.

The huge trading range continues, since late March.

Resting on the EMA 20.

2023-05-10_11-40-47.png
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JFR
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Re: 05/10/2023 Live Update

Post by JFR »

ES 60 minutes.

It tried to go up today, through the Pivot, through R1, through R2.

And then it cam tumbling down, all the way to S1, and testing below that level.

Major chop on the hourly candles.

Getting a bounce in the last hour.

2023-05-10_11-45-54.png
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