$30,000 Millionaire said:

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You all should read about inflation in the 70s. It bounced around. Positive prints would be followed by negative ones.

Be careful about believing it's a clean trend here.

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Charts aren't the end all be all. That's where most people fail. They pay too much attention to them.

Market thinks he doesn't have the balls.

That's my interpretation.

$30,000 Millionaire said:

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You all should read about inflation in the 70s. It bounced around. Positive prints would be followed by negative ones.

Be careful about believing it's a clean trend here.

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THIS!!

3 months ago an 8.5% inflation rate was devastating to the economy and the market action.

today- let's party!!

Got caught on the wrong side of $CVNA. This POS actually had great earnings...

Sold covered calls on 1/2 my shares. I just have to remember that has saved me on lots of other stocks recently that had the opposite move after earnings.

Charismatic Megafauna said:

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Bought a couple crwd sept 9 210 calls for $5

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Boom, sold for 9.5

Bought a couple uvxy calls for next week just in case

I got bit at 8:51. I should have sat out like I'd planned. I'm thankful I was in half size, but that was a pretty violent turn.

irish pete ag06 said:

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QQQ is lagging the moves of SPY and SPX.

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It's also stayed under its opening price.

VIX continues to trend down even through these little blips up.

$30,000 Millionaire said:

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You all should read about inflation in the 70s. It bounced around. Positive prints would be followed by negative ones.

Be careful about believing it's a clean trend here.

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It has to peak right? Not just plateau. Lol.

irish pete ag06 said:

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Market thinks he doesn't have the balls.

That's my interpretation.

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Don't trust Powell. He "was" a by-the-book guy always communicating what the Fed was going to do. That is, until the Wall Street Journal Whisperer signaled the increased rate change in advance. That secondary signaling was intentional and backdoor-ish for Powell. .... Moving on, Aug 25-27 is the Jackson Hole meeting. The next Fed meeting Sep 20-21, Powell has the latitude to increase rates as much as he wants and it's far enough removed from the Mid-Term elections in November to have no impact. Powell can jack-it if he wants. I'm leaning to a full point move.

VIX just fell below $20. We about to rocket?

I thought you were in LV?

Farmer @ Johnsongrass, TX said:

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I thought you were in LV?

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I fly out Friday and return Monday evening.

I've got some ooooold spy sr lines at 427.5, wonder if we make a run for that this week

BREwmaster said:

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Lake08 said:

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Charts aren't the end all be all. That's where most people fail. They pay too much attention to them.

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please enlighten us, lol

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Are charts always right? Do you know how many times posters here say "x" is going to happen because of a chart or graph and it does the opposite. That's all I am saying.

I've got a level at 419.5 that it seems to be attracted to right now. This could be the new box floor with 427 as the top. Watching to see if it aims for an SR at 424.

427 seems high for this week but not for next week.

I'd be tickled if brew's r turned into s

Day 2 of easing back into it. See green, take green.