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We got the higher PPI but the Russia head fake relief has the market going up.
Something tells me they're gonna suck em all in next few days and then pull the rug out.

We had Turnaround Tuesday today, next comes
Whipsaw Wednesday, followed by
Thrash-around Thursday, then
Fry em into the close Friday
And we start again on Moody Monday.
Haha! Good luck all!





tsptalk said:
We get to do it all over again on Tuesday when the PPI comes out. :eek:

Feb 15
08:30 ET: PPI
For: Jan
B.com Forecast: 0.5%
B.com Cons: 0.5%
Prior: 0.2%

https://www.briefing.com/calendars/...rticleId=ER20220215083000PPI&FileName=ppi.htm
Click to expand...
 
Putin sure had me fooled, that's for sure. I thought he was going to waltz right in there without any hesitation at all.
Well I guess that's off the table for the time being which is good, but the way things flip flop around here on a daily basis, it's so hard to know what to do.
THIS is when having more that just 2 measly moves a month would come in very handy. :worried:
 
Think about it. Why would he spend blood and treasure to get something he will eventually get through diplomacy for nothing. Hmmm1
 
Did somebody say Whipsaw?! :cool:

retread said:
We got the higher PPI but the Russia head fake relief has the market going up.
Something tells me they're gonna suck em all in next few days and then pull the rug out.

We had Turnaround Tuesday today, next comes
Whipsaw Wednesday, followed by
Thrash-around Thursday, then
Fry em into the close Friday
And we start again on Moody Monday.
Haha! Good luck all!
Click to expand...
 
The shock paddles were brought out and HYG, DJT, and IWM showed some signs of life, though they're still in critical condition. Can barely find a pulse. I'm assuming the minutes of the FOMC meeting were release around 2:00 pm looking at how that markets responded, and apparently they liked it. I'm probably wrong but this smells like a trick to get everyone to buy in more on a brief upsurge and then they open up that trap door. If it (IWM) doesn't get rejected at the 61% retracement I'd be more trusting, but been burned too many times in the past few months adding more to an upsurge only to see it fall apart. Good luck all!
 
Yup we got our token 2-3 day 5-6% rally at the end of the month, like clockwork. Time for the next lower leg down.
 
Not trusting the upsurge today to put more in right now. Pattern has been 2-3 up days with a 5-6% gain and we're nearly halfway there today (if it holds into the close). We'll see if it can prove itself and last for more than 2 or 3 days. I could see another day or 2 up (just to suck everyone back in), then it sells off (into the gap below on C fund) as we approach the FED meeting next week, and maybe a pop afterward (buy the news?). I am keeping a low allocation figuring if I get in too much it will go down, and if I get out completely it will go up. This way they can't get me leaning the wrong way :). Good luck!
 
Would like to add more to my low allocation but that possible huge bear flag forming on the DJT chart simply cannot be ignored. HYG continues to fall as well. Another losing week for C and S funds. I know April is usually a strong month so will hold onto 40% allocation and add more if DJT and HYG start turning up. Ultimately I would not be surprised if IWM and S fund do a retest of a former breakout area of Nov 2020. The way the monthly charts are shaping up they look like they're headed there.
 
WSJ 52 week new high/ new lows as of today

NYSE: 9 new highs / 392 new lows
Nasdaq: 47 new highs / 801 new lows
 
This is what has me worried. These are monthly charts and look to be making bear flags. The downside target would be around levels at the 2020 election when the market took off and broke out.
C fund 2022-04-27 180840.png
S fund 2022-04-27 181052.png
 
I expected better numbers for the 52 week new high/new low given the huge rally today, But they still are not good.

NYSE 53 highs / 332 lows
Nasdaq: 42 highs / 502 lows

I don't understand this. Perhaps I'll stop looking at this. It makes no sense.
 
This was the point yesterday when the market really took a dive. Whoever this is single handedly is responsible. He incorrectly said the market was reacting positively to Powell's message. I was watching the markets during the press conference and it had already turned red by then (after it was green earlier). As soon as he said it that I knew this was going to be bad. It really started to drop rapidly after he said this and Powell basically shut him down. Lesson: The market does the opposite of what everyone thinks is going to happen.
https://twitter.com/i/status/1587912245656551425
 

[TD="width: 86"] NAIIM numbers as of today Last time it got this high was AUg 17th
 [/TD]
[TD="width: 65"][/TD]

11/16/202264.96
11/9/202253.33
11/2/202255.22
10/26/202253.91
10/19/202243.28
10/12/202219.84
10/5/202238.11
9/28/202212.61
9/21/202229.59
9/14/202233.86
9/7/202227.33
8/31/202232.36
8/24/202254.86
8/17/202264.44
8/10/202271.59
8/3/202255.28
7/27/202247.21
7/20/202244.48
7/13/202226.74
7/6/202227.85
6/29/202230.66
6/22/202219.86
6/15/202232.18
6/8/202250
6/1/202234.33

[TD="width: 86"] Date [/TD]
[TD="width: 65"] Mean/Average [/TD]
 
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