How do y'all sleep at night when you're checking the futures so often? Unless you're trading futures, there's literally nothing you can do about the action. All it will do is weigh on your mind. Again, for your own good and to keep the anxiety down, STOP LOOKING AT THEM ALL THE TIME.

What else are we going to to do? Lay in bed and have a deep conversation with our wives?

Now i know why you have like 5 kids. Next time you get bored try reading a book or something!

Now down 2.21%.

I check the futures whenever the prostate demands. Pretty much early morning clockwork at this point.

Philip J Fry said:

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Now down 2.21%.

I check the futures whenever the prostate demands. Pretty much early morning clockwork at this point.

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I just woke up for the same reason and logged on to check here and the futures.

As a result of the @US_FDA's abrupt decision to remove the EUAs for two monoclonal antibodies, monoclonal antibody treatment sites will be closed until further notice. Full press release is below. pic.twitter.com/RGeWTPwxCs

— Florida Dept. of Health (@HealthyFla) January 25, 2022

FJB and his evil administration.

If I were in REGN, I'd probably look to get out.

I'd be weary of jumping into SPACs while the market finds it's footing.

I'm sticking with scalping SPYs and Qs. Make entries at my pivots, set a stop to minimize any loss. Looking for small gains 20%.

ProgN said:

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What's everyone targeting today?

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Not going broke... I'll start there.

Equity Futures Resume Their Bearish Trend...Wild Ride...Selling Climax???

Overnight equities started higher then got slammed... S+P hit their lows at 2.24 am and bounced 52 points to 6 am only to slump again to near the lows of the overnight session now down 66 points...Nasdaq futures traded in a 350 point range and are now down over 300 points... So THE DAY BEGINS UGLY AGAIN... This time treasuries are having a hard time rallying...10 years got to our first resistance yesterday of 1.70 and could not get through it... They traded as high as 1.79 overnight and caught a mild bid as equities slumped...

FED... It is all about the Fed meeting that starts today...the WSJ has a story this morning about the Fed reducing their balance sheet, which is the Fed's way of letting the market know that B/S reduction is coming...it does not say anything that we already do not know... But it is out there... We still think the Fed accelerates tapering in their announcement tomorrow... Does not raise rates until March, and then only goes 25... The uber Hawks out there may overestimate how aggressive the Fed will be... Sending equity markets into a spiral or bear territory, does no good for the Fed... Yes the Fed put has changed and the employment aspect of the economy is red hot...as is the housing market... But those are both technical... And the last thing the Fed wants to do is bring the markets to a halt and have to pivot again...we expect the Fed to lean against inflation with rate hikes and balance sheet reductions... But not be anywhere near aggressive as a Volcker regime... Hence our view is that yesterday was the selling exhaustion and tomorrow starts a potential rally... Tough call to make... Especially given what equities are doing now, but some of that sidelines money will come into play.

Rates... 10 years seem to be in 1.70 to 1.80...5/30 is in 51-71... We saw some steepening yesterday... We do not think that trend is over... As to 5 years, we are in a wide range of 1.31 to 1.77, with a 5 year auction today... We still think higher rates are coming, but the short base has been covering and now is closer to home... Another 10 basis higher in price in 10 years will cause more short covering, but for now the short base is back to about even with the longs out there...

Credit... Still under pressure but we saw CDX HY rally off the 342 level yesterday when equities turned around, and have now moved to around 330 after getting to 325 at the close last night...there was no IG issuance in yesterday's turmoil. HY yields jumped 11 basis higher in yield yesterday to a 15 month high of 4.94 and spreads widened to a 7 week high of 321... CCC's were the worst performers as yields rose 16 basis to an 8 week high of 7.28%...

Correction is here... Question is how aggressive the Fed will be and how the market moves from here... It will be tricky...we still see higher rates with a 2% 10 year and 1.75 5 year... But equities are the key... Did we see the exhaustion selling yesterday? Or was that just a reversal with no legs?... We will find out by Thursday morning, as the international crowd gives us the determining view of the Fed's action Wednesday...

austinAG90 said:

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Equity Futures Resume Their Bearish Trend...Wild Ride...Selling Climax???

Overnight equities started higher then got slammed... S+P hit their lows at 2.24 am and bounced 52 points to 6 am only to slump again to near the lows of the overnight session now down 66 points...Nasdaq futures traded in a 350 point range and are now down over 300 points... So THE DAY BEGINS UGLY AGAIN... This time treasuries are having a hard time rallying...10 years got to our first resistance yesterday of 1.70 and could not get through it... They traded as high as 1.79 overnight and caught a mild bid as equities slumped...

FED... It is all about the Fed meeting that starts today...the WSJ has a story this morning about the Fed reducing their balance sheet, which is the Fed's way of letting the market know that B/S reduction is coming...it does not say anything that we already do not know... But it is out there... We still think the Fed accelerates tapering in their announcement tomorrow... Does not raise rates until March, and then only goes 25... The uber Hawks out there may overestimate how aggressive the Fed will be... Sending equity markets into a spiral or bear territory, does no good for the Fed... Yes the Fed put has changed and the employment aspect of the economy is red hot...as is the housing market... But those are both technical... And the last thing the Fed wants to do is bring the markets to a halt and have to pivot again...we expect the Fed to lean against inflation with rate hikes and balance sheet reductions... But not be anywhere near aggressive as a Volcker regime... Hence our view is that yesterday was the selling exhaustion and tomorrow starts a potential rally... Tough call to make... Especially given what equities are doing now, but some of that sidelines money will come into play.

Rates... 10 years seem to be in 1.70 to 1.80...5/30 is in 51-71... We saw some steepening yesterday... We do not think that trend is over... As to 5 years, we are in a wide range of 1.31 to 1.77, with a 5 year auction today... We still think higher rates are coming, but the short base has been covering and now is closer to home... Another 10 basis higher in price in 10 years will cause more short covering, but for now the short base is back to about even with the longs out there...

Credit... Still under pressure but we saw CDX HY rally off the 342 level yesterday when equities turned around, and have now moved to around 330 after getting to 325 at the close last night...there was no IG issuance in yesterday's turmoil. HY yields jumped 11 basis higher in yield yesterday to a 15 month high of 4.94 and spreads widened to a 7 week high of 321... CCC's were the worst performers as yields rose 16 basis to an 8 week high of 7.28%...

Correction is here... Question is how aggressive the Fed will be and how the market moves from here... It will be tricky...we still see higher rates with a 2% 10 year and 1.75 5 year... But equities are the key... Did we see the exhaustion selling yesterday? Or was that just a reversal with no legs?... We will find out by Thursday morning, as the international crowd gives us the determining view of the Fed's action Wednesday...

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Don't know where this comes from but really enjoy reading this every morning.

Thanks for posting!

Ok I bought the dip, now what? pic.twitter.com/H4HeTLCV6W

— greg (@greg16676935420) January 24, 2022

Didn't get a chance to dive into TTD or CZR yesterday, so I may look for an entry today if things continue on the current trajectory.

Aside from that, my main goal is to not get fired over yet another mistake that was made on my work project.

If $U dips below $100 then jump on it like a duck on a June bug.

Maximus_Meridius said:

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Didn't get a chance to dive into TTD or CZR yesterday, so I may look for an entry today if things continue on the current trajectory.

Aside from that, my main goal is to not get fired over yet another mistake that was made on my work project.

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Bro, career advice that matters. If you're ever at risk of being fired or you're in the "we're not sure about that guy camp", especially if you were previously in the solid camp, you need to GTFO and find a new job. Work is always a what have you done for me lately situation, but it is in human nature to remember negative traits and be reluctant to let them go.

It will show up everywhere. Promotions, bonuses, comp increases, plum assignments. Once that land is spoiled to you, GTFO and never look back.