There's something happening here
But what it is ain't exactly clear
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Trying to close a gap ?
Mtl JP 18:08:19 GMT - 02/23/2021
Sentiment Rotation
First Slowly. Then All At Once.
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“While very early in a process that has no guarantee it will continue, market sentiment is moving from ‘there is no alternative to stocks’ to ‘stocks look like the less-attractive alternative,'” - Scott Knapp chief market strategist at CUNA Mutual Group
london red 18:05:21 GMT - 02/23/2021
HK Kevin 16:18 GMT 02/23/2021
with the us stocks like aapl i tend to avoid trying to move in and out too often as many times you get left behind without stock. so i use the 100dma and 200dma to add/buy and try to lighten up on extreme moves away from them.
Mtl JP 17:51:35 GMT - 02/23/2021
After all is said and done, more is said than done.
10-yr 1.361%
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Powell says inflation is still 'soft' and the Fed is committed to current policy
as he calls economic recovery 'far from complete'
HK Kevin 16:18:29 GMT - 02/23/2021
london red 16:07 GMT, my long term AAPL positions have stopped profit when the price broken below 50 ma. May be working on option front by opening credit put spread position is a safer bet.
london red 16:07:55 GMT - 02/23/2021
i have some lt way lower down but want to add as top sliced when it gapped to near 145. i have a range of 90-110 extreme otherwise i will have to wait for the next dip if it rises from here. i am patient i rarely chase, 99% of times i wait and buy pullbacks.
HK Kevin 15:53:16 GMT - 02/23/2021
London red 14:30 GMT, APPL needs to regain 100dma 124.70 today before considering long-term loading.
london red 14:30:10 GMT - 02/23/2021
thx kevin, nothing more than basic ma's. but if tons of folks use em, i use em.
aapl smallest of gsps just under 123 and a half to fill. it will open around there so will cover short on open. bigger gaps down by 110 which would make a great entry for a new high. but will it give u the chance to buy
Israel MacroMicro 13:45:18 GMT - 02/23/2021
bounce towards 13370/420 with NQ is okay to sell for retest of the lows / imo
HK Kevin 13:18:40 GMT - 02/23/2021
london red 12:04 GMT, good indicators 13,100, 12,500 & 11,600 provided yesterday. I am currently short NQ
Macau Steven 12:59:20 GMT - 02/23/2021
Looks like funds from Nasdaq (hi tech) is shifting to Dow (low tech)
london red 12:04:26 GMT - 02/23/2021
if they dont pull a rabbit out today then ndx heading to 12500 in next 48 hours. if they manage to easy tension then you can see ndx to 13300 today and again higher tomorrow. personally think it would do no harm to see another down day or two as it would set the next few months up nicely, but there is simply a lot of $$$ chasing dips so u dont always get optimal entries sadly.
Mtl JP 11:16:35 GMT - 02/23/2021
CNBC
The market is getting nervous about Powell's testimony this week
16 hours ago
The Wall Street Journal
Questions for Chairman Powell
11 hours ago
The Wall Street Journal
Stock Futures Edge Down Ahead of Powell’s Comments
1 hour ago
Mtl JP 11:09:43 GMT - 02/23/2021
Brainard and Clarida will provide added support and potentially additional insight
on stand-by just in case jerome goes off talking points insurance
situation still critical enough that these turkeys do not trust him to stay on point
Mtl JP 10:17:09 GMT - 02/23/2021
will require more than supportive monetary policy
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exciting or scary to think what the "more" requirement is / will be ?
PAR09:18:58 GMT - 02/23/2021
Fed - A desire to pushback on early lift-off/hike expectations
Their comments may look to instill calm after recent moves in yields and an accompanying shift in rate expectations.
We already have had elements of Chair Powell's likely focus 1) a strong labour market is still very far away; 2) achieving and sustaining maximum employment will require more than supportive monetary policy; 3) the real unemployment rate is close to 10%; and 4) inflation pressures remain subdued with Fed lift-off outcome based. Brainard and Clarida will provide added support and potentially additional insight with the intention of signalling the Fed is not itching to remove accommodative policy.
US treasury to auction $ 60 billion of 2-year notes today.
Many more billions of paper every day this week.
So Powell will do all he can to push yields lower.
This is no longer a free market economy but a Soviet-style plan economy where the FED and the Treasury allocate capital as they wish.
london red 08:48:06 GMT - 02/23/2021
powell talking later. he will decide if yields set new high or not today.
PAR08:14:00 GMT - 02/23/2021
US dollar declines ahead of Powell's Senate testimony.
Dovish and dovish.
Biden - Yellen $1,9 trillion handouts will increase the already huge amount of monthly treasury auctions by about $ 160 billion/month.
Tallinn viies 07:57:51 GMT - 02/23/2021
good morning,
higher high and low again.
monthly range still too tight.
at least 90 points room to widen.
1,2265 target for this week. move below previous week low may put need on to think again.
otherwise money machine at work.
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