The smart money says are are bottoming...

[777]

Maybe even have bottomed. Why do I say that? Easy. Technical analysis. I look at the one-year Naz chart on yahoo finance. Then I connect the lows. Do you see how my yellow paper goes from going down to going up (I have to add a second piece of paper and point it up to make the new latest dots match).

Now, we could get a huge down day that goes below that up trendline, and my TA is then out the window and we are going lower. But based on my analysis, we are going higher from here. Bet accordingly.

Why would you think what you are doing has meaning predictive value?

 

[ScroogeMcDuck]

I assume anything as simple as legible as TA has already been arbed out by robots

 

[L943973]

Like a said a single month report does not make a trend.

What are you talking about. It peaked in Jun and has been trending down.

https://fred.stlouisfed.org/graph/?g=WhmD

 

[SunTrader]

What are you talking about. It peaked in Jun and has been trending down.

https://fred.stlouisfed.org/graph/?g=WhmD

That is y/y, not m/m which is what the market reacted to on Thurs.

0.4%, not 7.7%

And PCE Core Powell has said, is what he watches the most anyway:-

Next release Dec 1st.

 

[Overnight]

That is y/y, not m/m which is what the market reacted to on Thurs.

The key is Powell (and FOMC votes), and nothing else. It is the absolute over-powering mechanism that is driving this market. Even corporate earnings are being subsumed by this, because NOBODY since the crash of the financial crisis has seen this environment we are in. Pandemic, wage growth, uber-high inflation, stubbornly-high emplyment and thus high PCE, and a balance sheet by the Fed that is trying to be unwound while we are facing a recession.

Nobody knows, but I do. Powell is the king of this market, and what he says makes it go. He's a f'ing Pakled trader.

 

[SunTrader]

What are you talking about. It peaked in Jun and has been trending down.

Like I said and now FED's Waller, who should know more than either of us - I would hope:-

+ + +

But Waller said on Sunday that the inflation print last week was “just one data point” and that other similar readings would be needed to show convincingly that inflation was slowing.

Dollar edges up as Fed’s Waller cautions on inflation

https://www.cnbc.com/2022/11/14/for...al-reserve-interest-rate-hikes-inflation.html

 

[L943973]

Not sure what Waller is smoking, but the data I displayed from the St. Louis Fed site. As for the dollar, its been falling for sometime. I'm still short on it. It edged up today slightly, but its wiped out 3 months of gains

 

[SunTrader]

$DXY has been falling for a week after going sideways for more than a month. But it seems Waller is not the one smoking stuff.

 

[vanzandt]

%%
I RAN over one squirrel;
energy has real good trends...................................................................................

And so far its been cold.
KOLD ran after that post, the nature of these etf ultra's, but it dropped back to $12. Also the nature of these things. $17 now.
I dunno Murray.
Everyone else is saying this winter is gonna be a bitch. What's today, 12/4?.... The squirrels were out today. (Muttley tries, but she can never catch them lol.). Haven't seen many hawks yet though.
I still think we're gonna have a warm winter.

%%
That; + Hank Williams Jr LOL

%/%

No squirrels,
...but any porcupines?
Jr asked.

 

[vanzandt]

KOLD $19.84
up 16%