SPDR S&P 500 (SPY) News

Closed 569P 1.06 ! Vix Flipper!----Take it !! Tks Boys !! Close Double !!

Sold 1/2 569P ,92!

There they go!

Try sum 569P .52 ?

PPT's applying the pressure!

~bought some 9/24 $577 @.08c… held down all day

Nice Pivot fade back to Da 5 min Red line !!

Out 567P .92! Daily Double + Take It !!

Wagg 567P .33?

Out 567C 1.82 at the SPX Pivot ! Vix trying to Reverse ?---Missed LOD---got a good chunk of it !----PPT in action today !!

See post this replies to (last sentance)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175110340





Bitcoins' 64,000 Resistance

Next Vix 1/2 Pivot 15.66 then S2--15.48 ?

SPX R1 would be another New Hi ? ---First must take out Pivot at 5710 ?

Vix Target 15.84!-----Vix 15.84 and dropping ! ---Pivots werking on Vix !---SPX Advanced off da 5 min Red Line !-------567C LOD .53 now at 1.71 !---Round Trip to SPX 5703 & Pivot !!

Spy LOD by the end of the day

Back down to SPX 5 min Red Line ?

Traction at SPX S1 5688!

Closed 564P .54! Vix reversed !

Sold 1/2 564P .62! ( SPX S1 area )

Ridin 564P .44?

SPX Fib at 5703---line in Da Sand for Today ! ----S1--5688------5 min Red Line around 5676 If Fails !!

not sure how you got that fat candle into your chart as it is out side the normal lines in it. We do not have a runaway gap nor a break away gap.
Go back and readd about gaps and gap theory

Vix S1--15.84 ? Looks like wants go there ?

buyer's exhaustion is close. market has priced all the good in already

profit taking to begin soon especially since Trump tax cuts will likely expire without renewal

agreed, Neb, however,
it seems to me that of late, logic and reason are too often not even on the radar screens, with QT, QE, zero rates along with
quickly adding tens of trillions of debt.....et al. , ...
now we hear..... "The economy is healthy, a half point cut is in order"....lol.

zero reason for another up 500 day

Vix Pivot 16.68 & 5 min Red Line 16.94 ! Back to Da 5 min Red Line ?

maybe get a sum 5 min Red Line action today ??

Tks Boss!

Pivot Calcs: SPX Pivot:--5710----R1--5735----R2--5757-----S1--5688----S2--5663-----SPY Pivot--570----R1--573----R2--575----S1--568--S2--565 -----ES Pivot--5766 !

QUAD WITCHING OPT EX DAY ..... FRIDAY...... ANOTHER REG OL TRADIN DAY !!!

https://www.tradestation.com/insights/2024/02/07/quadruple-witching-dates-for-2024-how-can-they-impact-stock-and-futures-trading/

so is it a low vol boring ol day.....or down 500 pts !!!! .... or up another 500...lol.

Oh I see what you're sayin' now.......You're sayin' that this isn't a gap ;
Okay well okay (if that's what you believe) but for me I would call it a gap.
Some people would agree whilst some others would not.....
Evidently you are of the latter.....
Believe me - i know.......
It's often-times a VERY CONTROVERSIAL subject......
Where, me ; I'm on the side of The Gappers.




BOY !......Will ya' LOOK at this GIANT GAP !........Holy Smokin' Cow !







Boy !......Now THAT was sure SOME KIND OF gap right there waren't it ?



.

where do you see a gap? 9-18 SPY high 568.69 9 19 low 568.08
no gap there

right they cut the rate due to the country being in trouble, and more trouble is loaming
If the Dock workers stike on the E caost that will cause even more trouble. They are asking for
a lot and not sure management can do it.

Your Pivots are killing it!

not happening

U.S. Economic Data Summary:
• Core PCE (July): +0.2%, inflation steady. (Neutral) (Low)
• Core Inflation Rate (July): +0.2%, stable. (Neutral) (Low)
• Inflation YoY (July): +2.9%, moderating. (Bull) (Low)
• PPI (July): +0.1%, minor inflation pressure. (Neutral) (Low)
• Initial Jobless Claims (Sept) : 219K, inflationary pressures may persist. (Bear) (Med)
• Non-Farm Payrolls (Aug): +142K, slower job growth. (Bear) (Med)
• Unemployment Rate (Aug): 4.2%, stable labor market. (Neutral) (Low)
• NY Empire Index: -4.7, manufacturing contraction. (Bear) (High)
• Philly Fed Index: -7.0, economic softness. (Bear) (High)
• Industrial Production (July): -0.6%, manufacturing weakness. (Bear) (High)
• ISM PMI (Aug): 47.2, contraction. (Bear) (High)
• NAHB Housing Index: 41, worsening conditions. (Neutral) (Med)
• Building Permits (Aug): 1.475M, improving future construction. (Bull) (Med)
• Personal Income (July): +0.3%, higher earnings. (Bull) (Low)
• Personal Spending (July): +0.5%, strong demand. (Bull) (Low)
• Retail Sales (July): +1%, strong consumer activity. (Bull) (Med)
• Retail Sales (Aug): +0.1%, below expectations, weak consumer spending. (Bear) (Med)
• Durable Goods (July): +9.9%, strong demand. (Bull) (High)
• Fed Interest Rate Decision (Sep): 5.5%, holding, but risks remain. (Neutral) (High)
• Deflation Risks: Lower demand = reduced earnings, higher debt. (Bear) (Med)
• Yen Carry Trade: Weakens USD, bullish for stocks. (Bull) (Med)
• AI Job Cuts: Unemployment could hit market sentiment. (Bear) (Med)
• Stronger Dollar: Higher borrowing costs, hurting stocks. (Bear) (High)
• TSP Accounts: High risk at market peaks, vulnerable to downturns. (Bear) (High)
• All-Time Highs: Markets priced in data, susceptible to shocks. (Bear) (High)
• Election Year: Increased volatility likely due to political uncertainty. (Bear) (High)
• Global Risks: Potential unexpected world events could shift markets. (Bear) (High)


Scoring Method:
• Low Impact = 1 point
• Medium Impact = 2 points
• High Impact = 3 points
Final Score:
• Bullish Total: 12 points
• Bearish Total: 37 points
• Neutral Total: 9 points


Short Summary
The U.S. economy is in a delicate balance, with a mixed set of indicators. Core PCE inflation remains steady at +0.2%, but low initial jobless claims of 219K point to a tight labor market, which could keep inflationary pressures high and force the Fed to maintain elevated interest rates. Although building permits improved to 1.475M, the labor market's strength might act as a double-edged sword, encouraging rate hikes and suppressing growth. Markets are at all-time highs, with much of this data already priced in, making them highly susceptible to shocks from unexpected global events or political volatility in an election year. While recent data shows resilience in consumer spending and strong durable goods orders, a weak retail sales report (+0.1%) for August and slower job growth (+142K) indicate that the economy could face headwinds in the near future.

ATH, FDX says not so fast

Looks Good!----Mkt wants up another notch !!LOL!!

Lines in Da Sand ES--5775----SPX--Fib at 5703 !

~bought some $580s for tomorrow @.05c

Out 571P ,66! --Another Day at the Mkt place !!LOL!!

Wagg 571P.62?

5,732 new intra day high. high for the year? who knows

GOLD is hedging against inflation rising as the DXY falls again

when the DXY closes under 100.00 and falls to .95 things will get very wonky

i personally think oil has bottomed out therefore inflation has bottomed out

the 50 bip is cuts yesterday actually makes the Fed's job harder now

if stocks can run to all time highs with restrictive rates, something is truly broken at the federal reserve

they should not have cut at all, actually, they should have been hiking to 6% but the regional banking issues last year caused them to pause and stop hiking rates because they didnt want to actually fix the problem, inflation is nowhere close to being solved imo and the stock market will realize this hard fact pretty soon no matter who wins the election

its going to get harder and harder to sustain any level over 5700 let alone 5800 or 5900

maybe 6000 is the true trigger for all algos to hit, 6000 could be a multi year top if we get there

Out 571P ,68 ! reversed again !

December gold was last up $18.40 at $2,617.10 and December silver was up $0.738 at $31.42.
Federal Reserve aggressively cut its main interest rate by 0.5% on Wednesday and signaled more cuts to come $GLD $SIVR $SLV $PSLV are flying high today

BULL MARKETS DONT LAST FOREVER

2009-2024 is pretty damn long bull market

mostly because of zero rates, AAPL IPHONE innovation, trillions in covid stimulus and now AI (NVDA MSFT etc)

what happens next?

the Fed begins cutting rates at record highs in the stock market, we will enter stagflation or hyper inflation bc so much inflation is hiding in stock valuations

this is why GOLD is rallying

GOLD TRADERS know that the FED cant solve any more major problems going forward, especially US DEBT PROBLEM

a ton of US treasuries will begin hitting the markets next year

the FED cannot stop AI from killing the job market

innovation is peaking just like the stock market
update IPHONES and some AI wont be the end all save all

can earnings justify the stock market being at ATH now??

the stock market already has 200 bips in rate cuts priced in a current levels

we arent getting 200 bips unless a real recession happens, and if so, ALL EARNINGS are coming down

In 571P .37?