2Day's Macro Data: THURSDAY, JUNE 30 8:30 am PCE inflation (monthly) May -- 0.2% 8:30 am Core PCE inflation (monthly) May 0.4% 0.3% 8:30 am PCE inflation (year-over-year) May -- 6.3% 8:30 am Core PCE inflation (year-over-year) May 4.8% 4.9% 8:30 am Real disposable income May -- 0.0% 8:30 am Real consumer spending May -- 0.7% 8:30 am Nominal personal...
CIA? Oh my... BRADON? To the Moon, have a nice trip. Wish you well. UAW? Probably has a Hit paid for on Eron. Ala Jimmy Hoffa... TWITTER? Baggies crumbling - the big payday Ding from $54 to sub $40. CASH FLOW? It's pissed beyond now approaching $5B to the Negative. BATTERY PRODUCTION? Well over 2 years behind schedule. SPACE X? Go away...
This grows increasingly curious. Weekly Negative Divergences continue to expand as Price (Porpper for ESG/Green Ag.) continues to hold the Range. ___________________________________________ The Stickup for Sellers always begins Pre-NYMEX simulated Pit for the AM Session, only to dump back between the Sim PM Session. Easy "A" Trade. Get some.
User Select isn't hooking so much these days. Must be the propensity for Base. Base Jumping at present seems to provide Uber with an endless Downtrend. Lyft.. ugh. When both cut bonuses to Drivers, it was over. __________________________________________ Uber Eats, death by 1000 drive-thrus. All good, Robo Taxis are the primary focus of every Auto Manu on...
Quaaludes. Stumble Cookies as we used to refer to them. Half a dozen in a pitcher of Beer and it was down to the ground. Ah, the good old days, when Mommy's suffering from manic depression we're Sub'd these little ones. __________________________________________________ Bond Vigilantes might be suffering from Sopor Ingestion. If so, please - the...
Disco Distro, over and over. It's ST in need of a bounce pounce at Bouncy House. 3xQs have support at 276 and 274.6. T3XQ's... ouch again. 11689 remains Resistance for Globex. Bulls hanging with MACD, the laggard. Gaps below, close. Maybe buy Russian Gold... Terrible Look overall needs a squeeze... Who buys Junk Co, Wall Street to engage the Slomo, Momo,...
QCOM Apes were caned again. Good New, buy it then Sell it. QCOM remains a bloated, overvalued, overpriced comedy. Apple ain't using your modems, Google... never. Yer another Dino. Wilma and Fred left the building. ____________________________________________________ QCOM Sub 100 will bring out the Baar for this Fanboi Cult.
Yesterday's Sentiment Number - No Bueno, why would improve. Cheesecake Factory Fun with Apes @ GME, DOA 007s back and prancing. It's terminal. Escape velocity for the "Recession" - Max Q, breaking up over the Atlantic. Depression. Suddenly Target is over-supplied, whilst the Babby Food SHortage and Feminine Hygiene Products appear to be expanding. Powell's...
11901 to 12300 is the Implied, broader Range. The Range has been contracting. ______________________________________ Trade Safe, Good Luck. Expecting a pullback to support early NYSE.
3846.50 to 3986.50 is the Implied Range. The range has contracted into the Wedge. ____________________________________ KISS - it's all about QT and Fed's Balance Sheet into Friday. Trade safe, Support - 3965/3985 Happy Hunting!
Consumers are spent. Mean Median Spent _______________________ Observe CC closely as it is a leading Economic Indicator.
Central Bankers enjoy using the "D" word. Apparently, Bury does as well. Oh no - WCPGW. A lot. With CBDC's set to rollout well in advance, all alternatives must be taken out back and punished. It's coming. Russia doesn't export Gold, they are a Net buyer of Size. Bullish? No. Doorstop Yellow Dog laden with fleas will be shaken not stirred, Wall Street...
Run-Off... The only thing running is Bids for MBS and USTs. After an aggressive May 25th, $51 Sell ahead of the June 15th Taper was stopped dead in its tracks. ____________________________________________ Imagine swimming in the middle of the vast Pacific Ocean. Bumping into Flotsom and Jetsom every so often. It's lonely out there... Nowhere to...
Whois gonna buy all those Model Y's, iPhone 14's/13''s/11's, and assorted GPUs for strip mining Klepto Coins? Apparently - far fewer now. A 90% collapse in the Personal Savings Rate... Not Bullish. _____________________________________________________________________________________________ Consumer Credit expansion is Historic.
Tech continues to be sold on every CT on the Micro TF. Yesterday - Healthcare, Energy, and Utilities were Bid. The remaining Sectors saw outflows towards X-HEU's. _____________________________________________________ SSO's for APPL TSLA AMZN NVDA META NIO AMD MSFT were heavily bod for Calls. The underlying Gamma Squeeze has 4 Days to perform. NQ, on...
IMPRESSIVE 13 Week - www.treasurydirect.gov 26 Week - www.treasurydirect.gov 2 Year - www.treasurydirect.gov 5 Year - www.treasurydirect.gov If ya can't wreck demand with MBS / USTs... You have to wreck EQUITIES.
As the IV begins to reel back into Month End, looking to begin scaling Puts for TQQQ. No rush, Bids in below. Patience. Trade Em Safe.
Our lower Sell Ladders for SPY TLT ZN ZB and assorted SSOs are advancing nicely. Fills are well out the curve from October to November 2023. 2%-3% is the Intraday Limit into Wednesday until issues unresolved begin to assert their preference. The FEd's updated Balance SHeet, TALF II Details, and Powell's updated bent will all factor into Pre-Q2 EPS...