Yesterday was a very boring day in my view. The job report comes today, and it feels like everything I read is about November being a strong job report because of the autoworkers...
Markets are trading near resistance defined by recent swing highs, reversing early losses. The S&P 500 opened on resistance and posted a small gain. The Nasdaq had opened at...
The S&P 500 added 0.8% Thursday after Wednesday’s bearish intraday reversal turned into a lot of nothing. One day’s down becomes the next day’s up, and so far, the market doesn’t...
For much of the past month and a half, the S&P 500 has rallied, recovering all of the lost ground from the summer/fall correction. The market is currently trading at just below its...
Stop me if you've heard this one before. Pullbacks in the markets end quickly when some Fed official, or better yet, a couple of FOMC members say something "dovish." You know,...
After hiking rates by 5.25% since March 2022, the Fed is in a wait-and-see period, commonly deemed a pause. Since the Fed started hiking rates, inflation has declined meaningfully...
The Russell 2000 (IWM) posted two days of strong buying that brought the index up towards minor resistance. Not surprisingly, after days of narrow action into the prior ascending...
The S&P 500 finished Tuesday’s session essentially flat as Monday’s wave of selling turned into a lot of nothing. As I wrote Monday evening, the market is consolidating November’s...
Those who read our articles regularly know we primarily focus on the Elliott Wave Principle to forecast where the stock market will likely go next. However, for our premium...
It’s that time of the year when Wall Street polishes up its crystal balls and pin targets on the S&P 500 for the upcoming year. As is often the case, while Wall Street is always...
poor XOM reminds me of BAC, both most shorted recession stock. BAC was shorted to oblivion 25 on 10/26, let's see what the beasts will do to XOM - meanwhile, garbage like NVDA, AVGO, AMD are assumed to grow no matter what haha
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vx only down 3%, continue to wait, not even a tactical buying opportunity lol. Unless Fed crashed the party next week, theta will continue to bite - perhaps 50 50 chance again but this Fed is capable of doing anything
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ZZTOP ZZTOPBought upst and arkk puts, they are red now. Only Jerome can save me.
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Job market is bad. Very worrisome. Vix to 26
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In USA, there are 9.55 million job openings. There are 1.9 million unemployed. Why on earth would unemployed tick upward and cause rates to be cut when there are 5x the job openings. There are 5 jobs open for every 1 person who is unemployed. Buy VIX. Hodl
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vx could be a local buy here, but I'd rather use a small direct short
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closed my tiny sqqq lol - AVGO did not really fall - tiny profit is better than nothing haha
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VIX 13.01 at 01:00 PM ET
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Hi
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I smell fear
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okie dokie done for the day lol, same as the open, bought 2.8k XOM at 98.6 lol and sold half at 99.05, set SL for the rest half. Oil is sounding recession loudly but again, vx still will get tortured with a higher than 50% chance. Enjoy