ES Journal - 2023/2024

theapprentice said:
looking to get back in but don't like chasing much.

But to my eye, it looks like we're due another ramp up fairly soon. Seems to be breaking out a bit on my charts towards maybe 5430 ish?

hmmm...flat for now
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waiting for that now (5430 ish)

any sort of semi-decent pullback and i'll try a new 'swing' long
 
Yeah. That went as expected assuming a "good" number.

Did anyone else's charts freeze today? I had no updates for 10 seconds or so on two separate streams (TV and Ninja), but could see the latest quoted price on the DOM. Don't think I've seen that happen in the past on similar unusual spike moves.

Probably hits 5450 in RTH today, but there's still the FOMC to 'worry' about later in the day, so that could possibly negate the expected gap and go pattern in RTH.
 
theapprentice said:
looking to get back in but don't like to my eye, it looks like we're due another ramp up fairly soon. Seems to be breaking out a bit on my charts towards maybe 5430 ish?
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charts and data feed were messing me about so much on my platform a few mins back I didn't realise we'd already hit my initial 'target'!

Good for 50 handles from time of post!

Gonna be sad when this hot streak of seeing the market clear ends! lol
 
It’s quite fascinating thinking we can get rate cuts with a mkt up 33% since Oct and earnings overall that have been sideways . In 2022 during the mkt correction we never even took out the 2020 all time highs . Throw in 5% rates with blah overall earnings and this mkt is possibly the most expensive of all time . In the late 90’s earnings were exploding .
 
SammyJ said:
It’s quite fascinating thinking we can get rate cuts with a mkt up 33% since Oct and earnings overall that have been sideways . In 2022 during the mkt correction we never even took out the 2020 all time highs . Throw in 5% rates with blah overall earnings and this mkt is possibly the most expensive of all time . In the late 90’s earnings were exploding .
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2-10 yield spread and rsp/spy spread to watch, but no, market didn't go up, only those handful of stocks.
 
Laissez Faire said:
Did anyone else's charts freeze today? I had no updates for 10 seconds or so on two separate streams (TV and Ninja), but could see the latest quoted price on the DOM. Don't think I've seen that happen in the past on similar unusual spike moves.
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Ninjatrader and Tradovate froze for me for about 10 seconds like you said.
 
Laissez Faire said:
WTF is even a 0.1 % reduction in CPI (a number that is highly likely manipulated anyway)?

In Norway, CPI came in at 3 % this month. But I see plenty of people posting examples of products that have had price increases of 50 % during the last year or so.
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Hedonic adjustments. So your bills for groceries, insurance, utilities etc. go up by 25% in two years, but Microsoft forces "AI features" down your throat in a mandatory Windows update, making your PC better (lol) yet no more expensive, completely canceling out the former.
 
upload_2024-6-12_15-31-4.png
 
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