@TraderFortune John, moving in with full force and staying in are two different things.
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PREX
39 posts
Good morning! Our toss-up didn't work CPI data was bullish!
Still quite clearly in a bullflag in all major indices.
Support Levels for today:
$SPY 452, 450
$QQQ 360, 358
$IWM 203.12, 201.5
Don't trade emotionally. 15-20% SL on yesterdays positions.
Will alert plays!
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@HamedTrades Guys, do not panic stay calm this is just an overreaction. The CPI numbers were in line with the estimates.
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@HamedTrades Hamed, Walt Disney will be reporting tonight earnings, we need to keep an eye on it.
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What's interesting is that $GOOG has fell since announcing the split. Also goog finding support was one of the reasons I was bullish overnight.
If we close above resistance today at close it may be a good idea to grab some March Google contracts as it may out perform the QQQ
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Finished morning refresh of data & there's no change apart from a minor strengthening of $Aud. Not enough to even change the score
We have an unwind of safe haven hedges like $Usd & $JPY as #Stocks bounce. Short covering rallies are always sharp
Still favour $Aud & $Nzd shorts
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@HamedTrades Will you expect FB shares to rise today after the earnings release?
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Thankful and blessed to be put in a position where I can help so many people. People who know me know I could care less about money, as long as YOU GUYS are making money that's all that matters!
I hope you enjoy. Sub like comment!
youtu.be/FQPokHMo9B0
$SPY $QQQ $IWM $GOOG
YouTube
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Join us for this weeks #WeeklyForexForecast!
#Forex & #Stocks covered:
$DXY, $EurUsd, $Eurpy, $GbpNzd, $NzdJpy, $NzdUsd, $WTI, $AudJpy, $AudChf, $NzdChf, $SPX, $RUT, $NDX, $Nifty, $XauUsd, $XagUsd, $BTCUSD #Bitcoin & more!
youtu.be/_QoGcEpC7GA
YouTube
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#Powell not softening in any meaningful way.
I see nothing to reverse the bias of the #Deflation set ups from #WeeklyForexForecast .
I am now short $AudJpy & $AudChf & looking to hold into new lows/end of the week.
As always not advice, just how I am playing this personally.
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@TraderFortune Microsoft beat the earning estimate but the stock went down by 5%. How on earth can this happen?
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@TraderFortune John, there is a lot of geopolitical uncertainty atm in the market with regards to Russia/Ukraine. The Fed would need to prepare for a major market crash if Putin invades Ukraine.
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Exactly right & with Crude Oil $WTI set to peak inflation will also start to come down giving the #FED more room to keep it's foot on the gas.
$Dxy $Spx $Ndx
The White Rabbit@MarcoDaSilva
@hasanmej @TraderFortune Dont forget that market participants have already priced in the FED rate increases. Hence why its now in a range. What is the bullish catalyst for it to continue higher? But, what if the turn just a little dovish, one less rate hike then expected? Correction lower, thats the risk
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Becoming rich isn’t just about making money, it’s about becoming the person worthy of having that money.
Instill the discipline, attitude and emotional control that a successful person has and everything and more will come.
Have a clean heart/mind, prove your worthiness! ✅
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When it hurts the most and you want to ignore the market, that's when you buy the more.
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In summary:
- Stock indices in a deep correction but not crashing
- At some point in the next year or so a crash is likely as we're at the top of the business cycle & in a bubble
- If $XLE & $WTI are peaking Powell needs a Dovish pivot to prevent deeper correction or reversal
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Stock Market Update: Short🧵👇
Yesterday the conditions changed & I said I would update you if it did...
Since this call we had a great rally (nearly 15%) in $XLE but, as I previously warned, with the score of +4 for $XLE a near term top is likely for #XLE & $WTI.
John Fortune@TraderFortune
Interesting shift in the #StockMarket yesterday. My models suggests a shift from #Stagflation & #Defensives towards #Reflation & #Cyclicals. If this holds, #Stocks are heading higher & could also indicate one more high for $Dxy before a move lower. Will update if this changes.
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@TraderFortune John, do you think we reached the bottom for NQ, SPX and IW?
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Would you guys be interested if I streamed from 9-10am, talk about trades and potential setups + day trade with you guys?
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Alright these are 30% each, everyone happy again? 😂
Honestly if the IWM doesn’t get its act together soon I’m going to be a huge IWM and NFLX bear this year 😂😂
HamedTrades@HamedTrades
Sold these plays this morning for an L, had the stop losses set kept it light because I had a feeling we'd have a profit taking sell off. Everything at support now BUY QQQ 1/26 395c $2.22 BUY SPY 1/26 478c $1.6
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I think I might have to make a Google Doc properly explaining risk management, portfolio sizes and entries as well as stop losses.
It won’t look the cleanest but it’ll get the job done and will give a good foundational understanding.
Would you guys be interested?
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@HamedTrades Perhaps, it would be good to explain in your video tonight the strategy with swinging?
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BUY V 217.5c 1/21 $2.15
Cheap play, I like it for a swing into tomorrow, huge volume spike
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