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09/13/2022 Live Update
Posted: Tue Sep 13, 2022 7:34 am
by Cobra
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This bull shall have legs.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 7:35 am
by Cobra
I may have no update until noon today, have an important appointment.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 8:38 am
by marcueus2
downtrend resume, CPI is worse than expected 8,3vs 8,1 expected
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 8:45 am
by daytradingES
Headline CPI came hotter than expected rising 0.1% MoM vs expectations of -0.1% MoM. That is the 27th straight month of rising inflation.Perhaps more notably, Core CPI was dramatically hotter than expected rising 0.6% MoM (vs +0.3% exp)
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 9:19 am
by brokebybernacke2
Stock market long term investing has been relatively simple for decades, buy during QE, sell/protect during QT. Investors well trained to jump on anything looking like a V bottom, must ask , can u have V bottom during QT? History says its tough.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 9:41 am
by JFR
https://www.marketwatch.com/story/us-st ... =home-page
U.S. stocks opened sharply lower Tuesday as investors reacted to a stronger-than-expected inflation reading for August. The Dow Jones Industrial Average DJIA, -1.93% dropped more than 500 points, or 1.7%, soon after the opening bell, while the S&P 500 SPX, -2.33% fell 2.2% and the technology-heavy Nasdaq Composite COMP, -3.07% dropped 2.9%, according to FactSet data, at last check. The U.S. Bureau of Labor Statistics reported Tuesday that the consumer price index showed U.S. inflation rose 0.1% in August for an annual rate of 8.3%. Economists polled by The Wall Street Journal had forecast that CPI data would show a 0.1% drop in August. So-called core inflation, which excludes food and gas prices, rose 0.6% last month. The core CPI reading was also more than forecast, fueling investor concerns that the Federal Reserve may need to be more aggressive fighting inflation through large interest rate hikes that risk triggering a recession.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 9:45 am
by Al_Dente
Options traders diverged yesterday
and they were right
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 9:47 am
by JFR
ES daily. Down sharply, as noted, beneath the EMA 20.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 9:51 am
by JFR
ES 60 minutes. Crashhhh. 3 days up, as shown. And then down through R1, the Pivot, S1 and S2. Testing beneath a strong support level.
PermaBulls, beware. Stay away from sharp objects and high places.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 9:55 am
by JFR
ES 5 minutes. A sh** kicking for the market. All the air has gone out of it. Now limping along the bottom.
Taking a break ...
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 10:11 am
by Al_Dente
91% of stocks are declining ... $NYDEC:$NYTOT
Here are the OEX-100 large caps, sorted by reds, intraday
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 10:43 am
by brokebybernacke2
Bonds, that is where the danger lies...on a cliff.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 10:49 am
by 90ufo
is today a 9 to 1 down day? Sep09 was a 9to1 up day.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 10:54 am
by jademann
brokebybernacke2 wrote:Bonds, that is where the danger lies...on a cliff.
I cant even guess how low TLT will go. I suspect Yield will have to reach 5% at some point. Its currently 3.5%.. So it could see $80!
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 11:04 am
by brokebybernacke2
jademann wrote:brokebybernacke2 wrote:Bonds, that is where the danger lies...on a cliff.
I cant even guess how low TLT will go. I suspect Yield will have to reach 5% at some point. Its currently 3.5%.. So it could see $80!
Boss, she needs to u turn soon.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 11:07 am
by jademann
brokebybernacke2 wrote:brokebybernacke2 wrote:Bonds, that is where the danger lies...on a cliff.
Boss, she needs to u turn soon.
I might be a buyer when it is clear rates have peaked. perhaps around 5%..
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 11:07 am
by JFR
Alternatives. All fall down. Except for UUP.
Falling: DBC, IAU, IYR, SPYG, SPYV, TLT, USO.
Rising: UUP.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 11:12 am
by brokebybernacke2
jademann wrote:brokebybernacke2 wrote:brokebybernacke2 wrote:Bonds, that is where the danger lies...on a cliff.
Boss, she needs to u turn soon.
I might be a buyer when it is clear rates have peaked. perhaps around 5%..
chatter is rate cuts are OFF table for 2023...
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 11:53 am
by Trades w 2 Cats
Panda Master Wu has his public count up. Pretty standard for Elliott Wave. What he doesn't say is this is still an alternate count. Primary (up) isn't broken yet.
Re: 09/13/2022 Live Update
Posted: Tue Sep 13, 2022 11:57 am
by brokebybernacke2
The vix is only at 25. Either these last few weeks/months are just a yawner, or we have not seen real volatility yet. I'd prefer the former btw, don't want to see latter.