JB7oh2

JB7oh2

All times Wall Street hours Monday- market closed Tuesday- building permits 8:30am, FOMC member Williams 11:45am Wednesday- FED CHAIR POWELL Testifies 10am FOMC members Cook, Jefferson & Goolsbee speak starting at 10am Thursday- FOMC Waller 4am, unemployment claims 8:30am, Bowman speaks 9:55am, FED CHAIR POWELL testifies 10am, existing home sales 10am, Friday-...

JB7oh2

I know I’ve been quiet lately just busy with housework damn fridge went out and stupid things happening. So what have I missed? Looks like a good melt up with the AI bubble and now the first pause from the feds. But they did say 2 more hikes are planned but really probably 1 more, so remember what I’ve said before that after they are done raising it takes on...

JB7oh2

All times Wall Street hours Monday- 10 year bond auction 1pm Tuesday- CPI 8:30am Wednesday- PPI 8:30am, FOMC 2:00pm, FOMC press conference 2:30pm Thursday- core retail sales, Empire State manufacturing, unemployment claims- all at 8:30am industrial production 9:15am Friday- FOMC member Waller speaks 7:45am, university of Michigan consumer sentiment 10am Well...

JB7oh2

All times Wall Street hours Monday- service PMI 9:45am, ISM non-manufacturing PMI 10am Tuesday- EIA short term energy outlook 12pm Wednesday- trade balance 8:30am, crude oil inventories 10:30am Thursday- unemployment claims 8:30am Friday- nothing Looks like a quiet news week for the market the calm before the storm? As for trading I’m thinking Monday pullback...

JB7oh2

Sell in May and go away did not pan out so let’s see what June brings. Right now the AI rally is having a little pullback, let’s see if the dip gets bought up. We’re still in very low volume and uncertainty a lot of selling this week. All eyes are on the jobs report on Friday for May. The June prediction is still the same from May, the range is here to stay for...

JB7oh2

They filled the gap finally then the selloff started. Buy orders needed filling so they ran it down before the buss takes off. Have stocks already discounted the economic down turn? Normally the stocks are 9 to 12 months ahead on pricing in which it has with all the rate increases. Now we have to price in a recession so I’m expecting a downturn soon I’ve said...

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JB7oh2

its been awhile since I've made a video hope you enjoy it.

JB7oh2

Looks like we’re having trouble jumping back into the wedge no big deal tomorrow is lotto Friday and it’s a long weekend I imagine full tilt mode is the play. The debt ceiling talks are done the house has already left leaving the jobs of 8 million people in limbo. This is the biggest joke ever, no politician wants to cut budgets it would be political suicide which...

JB7oh2

Today started off as a trend day of sorts we didn’t even try to fill the gap at the open. No good news what so ever all day. For some reason 30 minutes before the closing bell we rally 2 bucks on what, maybe politicians were getting ahead of the news but then we sell off. That was some advice manipulation of the market. 1 good trade then 1 really bad trade for me...

JB7oh2

Today market makers wanted to kill calls and let theta do its thing. A lot of 430 calls have been picked up but the question is what will we see first 400 or 440. Tomorrow we have Yellen talking and FOMC minutes for last month coming out. Tomorrow after market NVIDIA will tell us if the AI bubble has more legs. Keep an eye on the wedge break looking for 415 to...

JB7oh2 Updated 

All times are Wall Street Monday- FED speakers Bullard 8:30am Logan 9am Bostic and Barkin 10:50am Tuesday- Building permits 8am, fed Logan speaks 9am, flash manufacturing PMI 9:45am, new home sales 10am, 2-year auction 1pm. Also euro PMI throughout the day mainly pre-market Wednesday- Treasury Secretary Yellen speaks 10:05am, Crude oil inventories 10:30am,...

JB7oh2

Treasury yields spike with higher rate fears, the dollar runs pass 103.50 and all the indexes take off. I mean wow normally a move like today on the dollar would have been just like last Fridays sell off. But here we are finally about to break 420 on spy and possibly fill an old gap. I don’t think the squeeze has really even started yet for those big bears....

JB7oh2

Pretty impressed by the rally today I think it’s the first time I’ve seen Joe B pump the market, normally we dump. Lots of good money for bulls buying way out of the money calls I hope some of you got paid. So the news was they will have the debt ceiling figured out by the time he gets back from G7. What today showed was what to expect when they pass it finally,...

JB7oh2

Every box is checked for a recession other than unemployment, so are the feds going to pause in June or do 1 more rate hike to stick it the borrower who is fighting inflation by using credit. Well you think we would have a better picture after all the fed speakers so far but there is mixed signals all over the place some say pause some say hike some are honest and...

JB7oh2

All times are Wall Street Monday- Empire State manufacturing index 8:30am, FOMC members start talking at 8:45am Bostic, 9:15am Kashkari, 12:30pm Barkin, 5pm Cook Tuesday- Core retail sales 8:30am, FOMC speakers Mester 8:15am, Bostic 8:55am, Barr 10am, Williams 12:15pm, Logan 3:15pm, Goolsbee 7:00pm Wednesday- building permits 8:30am, Crude oil inventories...

JB7oh2

CPI came in at 4.9% YoY for the first time in 2 years we are under 5% I would like to see the revised numbers next month. Late afternoon we had a tech rally lead by google that just created the V shape recovery. Tomorrow we have PPI and unemployment claims at 8:30am eastern. Todays rally was sweet but it looks like a bull trap to me I’m looking at 414 to break and...

JB7oh2

Tomorrow we have CPI pre-market, most likely it will be flat at 5%. So what does that mean for the market? More range bound kangaroo price action. After the 2 days we’ve had we might squeeze tomorrow for a green day, looking for 414 or 408. You must have patience with this price action, I used to buy so fast I taught myself to wait 5 minutes before buying and...

JB7oh2

All times Wall Street Monday- nothing really impacting the market Tuesday- FED Jefferson speaks 8:30am, FOMC member Williams 12:00pm Wednesday- CPI 8:30am, 10 year bond auction 1:00pm Thursday- PPI 8:30am, FOMC member Waller 10:15am, 30 year bond auction 1:00pm Friday- FOMC member Bowman 3:00am, Prelim university of Michigan consumer sentiment 10:00am, FOMC...