OK, who is going to lie and say they saw today's HUGE drop in the charts?

Ayn Rand said:
No one saw this coming. Gas prices falling. Shipping rates falling. Supply constraints easing.

My ponder is how is sensitive data like this and earnings and such kept private. The info is worth $10's of millions of dollars at a min. Has to be a whole industry around snarking financial data.

AngryTrader wins. Straddle.
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I agree. I just wish Angry could be a little less angry sometimes...
 
comagnum said:
The factor for me was the mkt run up, to many people on one side of the boat & inflation has been beat only when interest rates are 1x-2x higher than CPI - The Fed is way behind the curve.

Here is the clip of the Adobe CPI estimates, which fit what I perceived, estimate begins @ 6:30.

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We had 4 days straight of S&P up for a total run of about 250 points. In my experience, that means lots of people trying to get on the side of the consensus prediction, so there's some tension to go higher unless something crazy comes from the data. It coulda happened.

In terms of the trade of the day... I'm looking at ES options expiring today that could have been bought for $6 at yesterday's close (4030P) trading for $80 as I type this. Did I have any of those? Of course not, but I did ok on some spreads despite the high IV coming into the morning.

My concern is when the White House starts modifying the actual numbers for political gain. I don't think that's far off. They already changed the age range of the labor participation rate to make it look better.
 
SoyUnGanador said:
Because if the inflation numbers hadn't come in bad it would not have happened. I.E. today's drop is a result of unexpected inflation news, not become of some prior price action that shows up on a chart with squigglies on it.
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large day
 
Soy, because you are an absolute genius, you cannot see that the trend was down for a long while? Referring only to the daily charts plotted for the last 6 months. That should be enough for swing traders and trend followers. Sorry, bro. Nobody can help you. LOL.
 
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SoyUnGanador said:
LOL, I see why you guys are picking on me. Yes, "saw" in the thread title should have been "foresaw". Of course at/after the fact you see it on the chart, but I don't think anyone can truthfully tell me they saw today's huge drop prior to the drop based on looking at the charts for yesterday/previously.
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%%
Good eyesight SoyUGan:cool::cool:
As noted earlier , could just have easy UP moved to mid month , happens many[SPY,QQQ...] SEPTembers \i remember.
But good ''see'' question, because i see on the charts[SPY QQQ, inverse most any]quite a few did see most likely a trade able bear move + it was.[Premarket\ 8;30 open\ 9 CST\ most all day\another clue\ few pullbacks on inverse maybe a trend day. NOT a prediction]

Premarket early futures [radio, related SPY,QQQ DIA] were down today;
lets see if the down move goes to 9 CST\ sure did, so most likely a trade able move.
Great thing about hindsight trends \ NOT prediction @ all.
Great thing about hindsight trends\ even if all of them dont work as well as today.
Greta thing about hindsight trends\ scale in \if early scales dont work /dont add or try to predict.
 
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