Yesterday’s ominous trading on wall street

Innervoice

Innervoice

Why was the trading ominous yesterday particularly for the naz ?
First off you had incredible whip saw action that stopped traders out of positions.
Second, Apple was down, Leading solars were down, and software was destroyed with one exception ( MSFT ). There was no leadership in the naz.
Finally, commodity stocks were up big- FCX and RIO to name a few.
 
Innervoice said:
Why was the trading ominous yesterday particularly for the naz ?
First off you had incredible whip saw action that stopped traders out of positions.
Second, Apple was down, Leading solars were down, and software was destroyed with one exception ( MSFT ). There was no leadership in the naz.
Finally, commodity stocks were up big- FCX and RIO to name a few.
More...
Do they let you watch CNBC @ Bellevue?
 
Innervoice said:
Why was the trading ominous yesterday particularly for the naz ?
First off you had incredible whip saw action that stopped traders out of positions.
Second, Apple was down, Leading solars were down, and software was destroyed with one exception ( MSFT ). There was no leadership in the naz.
Finally, commodity stocks were up big- FCX and RIO to name a few.
More...


That's an excellent observation Mr/Ms. Innervoice.
The market is experiencing a large mega-trend change.
From High tech to Natural Resources.
It is a paradigm shift.
We had the same move (reverse) in the 1970s into 1982.
It's the Cathy Wood melt down.
Many traders are probably so confused, the best they can do is to hurl gratuitous insults at everybody else:
e.g. Do they let you watch CNBC @ Bellevue?
The element of surprise (and financial loss) must be gigantic.
 
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countryBoy641 said:
That's an excellent observation Mr/Ms. Innervoice.
The market is experiencing a large mega-trend change.
From High tech to Natural Resources.
It is a paradigm shift.
We had the same move in the 1970s into 1982.
It's the Cathy Wood melt down.
Many traders are probably so confused, the best they can do is to hurl insults at everybody else:
e.g. Do they let you watch CNBC @ Bellevue?
The element of surprise (and financial loss) must be gigantic.
More...
“Now Boy, goin fetch me that switch, so I can whoop yo ass before memaw get home. You hear me boy?”
 
While the financial media keeps talking up a Fed pivot, Fed Funds futures have started pricing in higher Fed funds next year.

In the last two days 525-550 for July has really been bid up.

Pretty sure that was a big factor why cloud computing stocks got crushed.

SNOW down 12%, DDOG 6%, NET down 18% Friday.
 
Inflation type stocks have been doing well.
E.g. food stocks, grains,etc.
What level in interest rates would you say is too high.
That you would not buy food for yourself ?
Thoughtful answers sought.
 
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nrstrader said:
While the financial media keeps talking up a Fed pivot, Fed Funds futures have started pricing in higher Fed funds next year.

In the last two days 525-550 for July has really been bid up.

Pretty sure that was a big factor why cloud computing stocks got crushed.

SNOW down 12%, DDOG 6%, NET down 18% Friday.
More...
Yup 550-575 moved a tad higher too.
 
Yesterday’s ominous trading on wall street
--->
Yesterday’s auspicious trading around the world



It seemed like
you failed to catch tons of trading opportunities.
So stop listening to your innervoice.


These futures went up and up and up and up :
copper
crude oil
gold
Euro
GBP
aud
Hangseng
dax
CAC40

These futures went up and down and up and down ... :
ES
NQ
YM
Russell 2000
So you should be able to long it and short it and long it and short it and ...

 
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Most of it can be explained by the collapse of Atlassian and its 40+% drop along with a huge move down in the US dollar. Atlassian took all the cloud computing stocks down with it even CRM was down heavy all day. MSFT & AAPL will be the last to fall. Apple has already started to collapse. Most likely they will both fall another 20-30% before its over.

US Dollar dropped almost 2% and that really boosted the GBP, Euro & AUD. I think Silver was up almost 10% at one point. All the commodities followed the Euro higher. I think the dollar move is linked to the rumors swirling around that China will end its lockdowns and that foreigners can take the BioNTech vaccine. They may even end their Zero Covid policy.

If the dollar has peaked then the risk assets will go higher especially the inflation stocks.
 
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