ES Journal - 2021/2022

[Master Pu]

 

[schizo]

The problem with all these "stats" are they've been manipulated to look much better than they actually are. For instance, why the hell are you excluding food and gas out of CPI, when they are the ones that take the biggest toll on consumer spending. Same for unemployment. They don't contain underemployed or folks who simply gave up looking for work. Which makes me wonder if the stat even consider at-home traders like us in the calculation.

As for the Federal Reserve, those sons of Bs don't know WTF they are doing. Had they raised the rate sooner incrementally, they wouldn't be going all in as they're now. Always damn late to the game with too little to show for.

 

[Master Pu]

Limit order placed to sell NQ

Sold NQ going for 12,200

Closed. Better opportunity in FTSE, sold that.

 

[Master Pu]

Well, time to get bearish again.
Putin's being Putin.

Russia Cuts Nord Stream Flows Further, Escalating Gas Fight

• Gazprom to cut flows via key link to 20% of capacity Wednesday
• Benchmark European gas prices surge by as much as 12%

Bloomberg News

July 25, 2022, 2:59 PM UTCUpdated onJuly 25, 2022, 4:11 PM UTC
Russia plans to curb natural gas flows on the Nord Stream pipeline -- less than a week after bringing the link back from maintenance -- jolting European energy markets and escalating concerns over a supply crunch on the continent this winter.

Gazprom PJSC will cut shipments via the link to Germany to about 20% of its capacity from 7 a.m. Moscow time on Wednesday, the Russian gas giant said in a statement. One more gas turbine, crucial for the supply, is due for maintenance and will be taken out of service then, according to the company.

Why not short the DAX then? They are heavily dependent on Russian gas, over 40% of total consumption. Plus, DAX keeps trading near resistance levels

 

[Master Pu]

The problem with all these "stats" are they've been manipulated to look much better than they actually are. For instance, why the hell are you excluding food and gas out of CPI, when they are the ones that take the biggest toll on consumer spending. Same for unemployment. They don't contain underemployed or folks who simply gave up looking for work. Which makes me wonder if the stat even consider at-home traders like us in the calculation.

As for the Federal Reserve, those sons of Bs don't know WTF they are doing. Had they raised the rate sooner incrementally, they wouldn't be going all in as they're now. Always damn late to the game with too little to show for.

Indeed. Apart from the part about the FED not knowing what they are doing. They know damn well what they are doing. You can have a read through this 2010 publication titled The Inflation Mega-Trend LINK

 

[Master Pu]

Microsoft and Google report today.

 

[Builder17]

could see range being +/- 200 points from here

 

[vanzandt]

btfd
for real

We're heading north.

3949....
...and 20 for 20 perfect calls on this thread.

There will be noise..... but we are heading UP.

3949.. btfd.
Ignore the noise.

 

[Overnight]

btfd
for real

We're heading north.

3949....
...and 20 for 20 perfect calls on this thread.

There will be noise..... but we are heading UP.

3949.. btfd.
Ignore the noise.

With what target and what stop?

 

[vanzandt]

With what target and what stop?

Brother...when it comes to this stuff.... just stfu and listen.
You really gotta quit being like a mosquito here at ET.
....for real.

You swarm in on every post.
>Every subject.
>Every thread.

Whatever.

We're heading north.
The Fed release tomorrow might see a down-spike..... and ditto next week regarding the reaction.

It's a no brainer.

Check back in August 2023.
A lot of unknown unknowns will have been resolved by then.
Either way.... we are heading North.
My timing calls on this thread.... 100% PERFECT....are ALWAYS near term.
But we are at a crossroads now.
This one is for the long haul.

>>> BTFD