Yesterday, ~3980 was my #ES_F bounce zone with 4020 target & it hit. Bears *must* hold 4020-30 to keep sell going. Weak reaction so far-not ideal
— Adam Mancini (@AdamMancini4) August 31, 2022
Plan today: Support = 4k, 3970-80. Looking for 4020-30 retest, it clears, we start squeeze to 4060+. 3970 must fail for next sell leg https://t.co/WQ5G25oX4h
Based on this below 3070 would be the bear movement.Bob Knights Liver said:Yesterday, ~3980 was my #ES_F bounce zone with 4020 target & it hit. Bears *must* hold 4020-30 to keep sell going. Weak reaction so far-not ideal
— Adam Mancini (@AdamMancini4) August 31, 2022
Plan today: Support = 4k, 3970-80. Looking for 4020-30 retest, it clears, we start squeeze to 4060+. 3970 must fail for next sell leg https://t.co/WQ5G25oX4h
30k spotted!$30,000 Millionaire said:
Walked to Starbucks. Lol. Catch you all later.
$30,000 Millionaire said:
I'm still waiting for Bob knight to buy me Hutchins. I'd eat 3 beef ribs on his dime.
Well, I was a management consultant at one point in time. Tell me your business problem and I'll tell you what to doBob Knights Liver said:$30,000 Millionaire said:
I'm still waiting for Bob knight to buy me Hutchins. I'd eat 3 beef ribs on his dime.
It's for a meeting. Throw me some O&G consulting work and I'll buy you beef ribs at Hutchins or Goldie's. Also if you were at the Starbucks across the intersection from the growler, I was over there dropping off donation crap an hour ago.
this will be fun if you can generalize it. Spoony Love said:
Is the thought on shipping companies that basically they have run out of luck or will soon?
Several have posted revenue increases from the prior year due to increased freight, but with it came increased expenses as well. I'm thinking it's a function of looking ahead to a slow down in manufacturing and not shipping as much product. Curious to hear what everyone's thoughts are.
I've done a little research on ZIM and SB. ZIM seems poised to bring on healthy revenue and they reaffirmed their FY22 guidance last earnings report of increased profit from FY21. They just closed a deal with Shell to store LNG and the stock. It's at a 52 week low. Sounds like an opportunity to get in near a bottom soon.
Market is consolidating after big moves the last 3 days. Might chop the rest of the week. Good time to sit on your hands and wait IMO. I'm waiting for SPX to break above 4030 or below 3960.Brian Earl Spilner said:
Same **** different day. Green open quickly turned to a red day.
Bob Knights Liver said:
I just sold some 9/16 TSLA $225/235 call credit spreads for $9.30. That seems like free money. Losses are capped, high potential ROI, liquidity helps me get out if I need to, and I break even if the stock doesn't go up more than 9% from here. What am I missing other than selling more of these?
Quote:
Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central bank can ease off in its fight against inflation.
Mester, a voting member this year of the rate-setting Federal Open Market Committee, said she sees benchmark rates rising above 4% in the coming months. That's well above the current target range of 2.25%-2.5% for the federal funds rate, which sets what banks charge each other for overnight borrowing but is tied to many consumer debt instruments.
Markets currently are pricing in only a 1-in-3 chance of the funds rate climbing above 4% next year.
"My current view is that it will be necessary to move the fed funds rate up to somewhat above 4 percent by early next year and hold it there," she said in prepared remarks for a speech in Dayton. "I do not anticipate the Fed cutting the fed funds rate target next year."
Did you have to include the picture with the article? We would have taken her word for it, didn't need to be scared straight.ProgN said:
https://www.cnbc.com/2022/08/31/feds-mester-sees-benchmark-rate-above-4percent-and-no-cuts-at-least-through-2023.htmlQuote:
Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central bank can ease off in its fight against inflation.
Mester, a voting member this year of the rate-setting Federal Open Market Committee, said she sees benchmark rates rising above 4% in the coming months. That's well above the current target range of 2.25%-2.5% for the federal funds rate, which sets what banks charge each other for overnight borrowing but is tied to many consumer debt instruments.
Markets currently are pricing in only a 1-in-3 chance of the funds rate climbing above 4% next year.
"My current view is that it will be necessary to move the fed funds rate up to somewhat above 4 percent by early next year and hold it there," she said in prepared remarks for a speech in Dayton. "I do not anticipate the Fed cutting the fed funds rate target next year."
Heineken-Ashi said:
A couple Heinekens and she's a slump buster prospect.
You got any standards?Heineken-Ashi said:
A couple Heinekens and she's a slump buster prospect.
