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HK_L61
Dec 21, 2021 2:39 PM

NYSE COMP - The Mess 

TVC:NYA15
NYSE Composite IndexTVC

Description

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The Broadest Measure, it showing signs of the furthering Depression's expansion.

Independent Producers Dissolving.

Supply isn't needed when the large segment is slowly driven out of Business.

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It is that simple.

Trend AnalysisChart PatternsFundamental Analysisnysecomp
Comments
HK_L61
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PO's hit one by one
Johnny_Rockets88
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cl1 gap filled no reason to push the markets up any higher. retail just jumped in with both feet.
HK_L61
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@jscheurichiv, OPEC Supply Cut ahead - 73 remains Resistance. Range @ 57 - 73

Y/E Bonus Math... we will see, just trading the Tape and making $.

Holiday are a complete show and plenty of $ Ranges
Johnny_Rockets88
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@HK_L61 don't forget the GDP revision tomorrow
HK_L61
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@jscheurichiv, Revised forward 5.5 to 4%. They'll use this - bea.gov/
Johnny_Rockets88
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@HK_L61 you mean revised from 4.8 to 5.5?
HK_L61
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@jscheurichiv, No - "forward Revision" - occurred Monday. Lagging GDP is usually revised downwards as the Trend is clear / Q2 EPS was the Peak.

Q4 a nightmare to unfold into Mid Jan.

TNX a huge mess, TLT PO 144s now.

See Link above, it is best to use the BEA / Atlantra FED
Johnny_Rockets88
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@HK_L61 I'm looking for TLT calls at 146s. gap fill then jet higher. my short term calls were sold at 156, now looking for the re entry.
HK_L61
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@jscheurichiv, GL, it's far too erratic for me to enjoy trading it, let alone position yet, that comes into January.

Frankly, it should move higher into Mid-Feb IF and ONLY IF the 10 Yr Yields stay sub 1.645

We'll know when we get there, for now it's in the Desert.
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