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Post by kingfisher on Sept 21, 2021 17:24:44 GMT -5
Thursday
Earnings: Nike, Costco, Vail Resorts, Trip.com, Darden Restaurants, Accenture, Rite Aid, Scholastic
8:30 a.m. Weekly jobless claims
9:45 a.m. Manufacturing PMI
9:45 a.m. Services PMI
10:00 a.m. Leading indicators
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Post by max on Sept 21, 2021 18:11:36 GMT -5
I took a look at my time machine and saw that by Thursday the market has recovered all of the losses from Monday. FED came thru on Wednesday and saved the day again. The market reversed on Monday around the 100 day moving average and even though it sold off during Tuesday it did not drop significantly. Volatility spiked on Monday and then dropped on Tuesday with markets being relatively flat. So far every dip has been bought and this time should be the same.
We will see couple days from now how good my time machine is.
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Post by theMist on Sept 22, 2021 21:56:20 GMT -5
I still see this as a topping pattern Not saying we can't have a few Bullish days left BUT overall thinking the low from Tuesday gets retested and taken out S&P VIX futures still saying rough times ahead FWIW Watching to see if gap to 4427 gets filled first S&P Daily Chart
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Post by theMist on Sept 22, 2021 22:00:15 GMT -5
Look at how S&P monthly has blown over resistance as well - so far low for this month is a backtest BUT believe S&P drops back under that rising support that was resistance S&P Monthly Chart |
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Post by kingfisher on Sept 23, 2021 5:29:54 GMT -5
8:30 a.m. ET: Chicago Fed National Activity Index, August (0.50 expected, 0.53 in July)
8:30 a.m. ET: Initial jobless claims, week ended September 18 (320,000 expected, 332,000 during prior week)
8:30 a.m. ET: Continuing claims, week ended September 11 (2.600 million during prior week)
9:45 a.m. ET: Markit Manufacturing PMI, September preliminary (61 expected, 61.1 in August)
9:45 a.m. ET: Markit Services PMI, September preliminary (54.9 expected, 55.1 in August)
10:00 a.m. ET: Leading Index, August (0.7% expected, 0.9% in July)
Earnings
Pre-market
7:00 a.m. ET: Darden Restaurants (DRI) is expected to report adjusted earnings of $1.65 per share on revenue of $2.24 billion
Post-market
4:05 p.m. ET: Vail Resorts (MTN) is expected to report adjusted losses of $3.50 per share on revenue of $169.36 million
4:15 p.m. ET: Costco (COST) is expected to report adjusted earnings of $3.55 per share on revenue of $61.57 billion
4:15 p.m. ET: Nike (NKE) is expected to report adjusted earnings of $1.12 per share on revenue of $12.47 billion
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Post by gregtv on Sept 23, 2021 7:33:58 GMT -5
Pretty decisive battle plan by the FED eh?......blah,blah,blah.....total bullshit.... just a puppet with a bad script lets pretend that there is no inflation....  |
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Post by theMist on Sept 23, 2021 8:37:58 GMT -5
S&P almost filling gap 4428ish area
And Filled
This week's Bear move completely undone
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Post by gregtv on Sept 23, 2021 9:05:05 GMT -5
long XTZ, FTT, and AKRO in the crypto space
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Post by gregtv on Sept 23, 2021 9:08:59 GMT -5
picking up more UNG at 17.05 going to be a ten year run on commodities IMO
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Post by clinton on Sept 23, 2021 9:25:04 GMT -5
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Post by max on Sept 23, 2021 9:33:48 GMT -5
We punched thru the 50 day moving average — if we stay above it that would be bullish
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Post by clinton on Sept 23, 2021 9:38:27 GMT -5
hmmmmm
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Post by Kenny J on Sept 23, 2021 9:39:13 GMT -5
picking up more UNG at 17.05 going to be a ten year run on commodities IMO Same as me. |
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Post by clinton on Sept 23, 2021 9:50:54 GMT -5
CLF red hot
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Post by skib on Sept 23, 2021 10:19:53 GMT -5
looking at UVXY hitting 19 on this run up.
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Post by theMist on Sept 23, 2021 10:42:26 GMT -5
yawn - see you this afternoon
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Post by clinton on Sept 23, 2021 10:42:52 GMT -5
Booking some MARA profits because BTC loves to crash on the last Friday of the month
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Post by kingfisher on Sept 23, 2021 10:52:51 GMT -5
Nibbling at UVXY
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Post by gregtv on Sept 23, 2021 11:02:15 GMT -5
Hope those banana pops GEVO are signalling a return to alt energy......hydrogen can-openers and solar toilets......
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Post by gregtv on Sept 23, 2021 11:04:27 GMT -5
picking up OCEAN...
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