DreamboatAnnie's Account Talk

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Hoping for more green than red days. It took almost 7 months to hit my low I sure don't expect to recover in less than that.
 
10 minute charts - Looks like drop started during hour before IFT noon cutoff, but during past half hour or so is trying o recover some.

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I did hear report on Varney by Eddie Ghabour, co-owner of Key Advisors Group in which he said right now is calm before storm. Believes market will go down further during Summer months.

Supporting comments he made:
1- Strong dollar to continue and this is negatively impacting multi-nationals and this will be reflected when they report quarter 2 earnings,
2- Fuel costs continue to increase and Inflation will continue causing "demand destruction" and Inflation is "number 1 killer" of your prosperity,
3- Earnings - companies starting to revise earnings downward as profit margins shrink and more will revise down, and
4- Doesn't believe Fed can be as hawkish as it is and navigate a soft landing.
 
Trying to be patient, waiting for the Mega-Dip ..........
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...
 
Lol...think you need to check your blood pressure! Might consider cutting down on the energy drinks too.... :cheesy:
Better yet, go take a nice long relaxing ride on your bike and stop somewhere if you see a little country restaurant for barbecue and peach cobbler with ice cream! :D
 
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Here are charts. Doing what its been doing ..starts to drop as we approach cut off. S and C funds trending sideways waiting for news. Maybe CPI numbers tomorrow will move it. It is known as a lagging indicator. Next Tue/Wed we get Fed meeting and maybe more on unwinding the balance sheet. But also recalling that Longshoremen are negotiating their union contract. Not sure if that has resolved yet, but I had heard current contract runs out by end of June. Gotta look at latest news on that...:rolleyes:

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Interesting point CP, still I think this CPI could be a bigger catalyst but the triple witching may be playing into the next day or even into early next week. Then FOMC, which imo is already built in. Everyone has same view of 50 BP hike so think that really won't move market like CPI but I hadn't given thought to triple witching. Certainly volumes could pick up even more tomorrow and early next week? Have to look back at the March one to see what volume was for the Friday before and going into Monday/Tuesday. Heck by the time all this plays out a week from now we may be bouncing back up who knows lol.

Nice point!
 
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