Market Thoughts This morning I had one target in SPX as called out in my live trading room: $2898. It was hit aaaand then it was rejected. (Not my first rodeo.) Having said that, I still expect chop this week into Non-Farm Payrolls. A few reasons: We haven’t gone anywhere really but sideways for 18 […]
Macro-to-Micro Analyst+Trader Forecast+Chase. Mostly Options https://t.co/MrMkwZYdvt https://t.co/GZILqexQ5C https://t.co/nkIPvSz3wJ… @LaDucTrading
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Happy Saturday! Here’s some reading ⬇️
This Weekend Edition covers
* Market - Confirmed Uptrend?
* Chart of the Week - Clean Energy ETFs
* Earnings thru Themes - $BLK $AA $TSM $JPM $TACO $DPZ $DAL
* Closing Thoughts - Allocation to Real Estate?
$UPST - some clients long since March. Not only recommended swing long strongly in Aug but updated regularly AND warned Oct 15th to trail stops at my $394 price target as it looked ready to 'trap longs'. 💃
#Subscribe for my top chase/swing/trend plays:
@LukeGromen @SehrLangsam2 @RaisingTheBAR47 @The92ers @Stimpyz1 @DiMartinoBooth @rubecube12 @acosgrove003 @MarketInterest @Alex__Salomon @HammerstoneMar3 @jam_croissant @DIGITIMES @tr8derz @HayekAndKeynes @kevinmuir @Barton_options Without significant growth surprises, it will be hard to move excess demand for safe asset treasuries (from pensions in particular) and from excess liquidity in financial system. Or we could get big growth in:
* sticky jobs
* sticky fiscal
* sticky rate hikes
* sticky inflation