That was quite a shake. I grabbed a couple xsp 415/416/417 flys
got out at b/ejimmo said:
XOM
took a small long here
$30,000 Millionaire said:
Holy cow. Yes, still doing the corporate stuff in a C job now. Don't be a stranger!
How are you?
true. past FOMCs saw big pushes up to Wed close; followed by bloodbath into the weekend.oldarmy1 said:
Good news for bulls. Initial big break move is down side. See if the initial move is a premium eating stop trigger trap like usual. AAPL could start the rally.
$SPX drew the lines for you and, big surprise, the selling ended right on the lower trend line support. Tell me that computers aren't running the markets... https://t.co/jwsj6IeskR pic.twitter.com/6rQ3TZ7HXk
— Disciplined Trading (@oldarmy1) May 3, 2023
You want more inflation? This is how you get it.Mostly Foggy Recollection said:
My educated guess on future Fed actions…
May 2 to 3 - Hike
June 13 to 14 - Pause
July 25 to 26 - Cut
September 19 to 20 - Cut
October 31 to November 1 - Cut
December 12 to 13 - Cut
It wasn't until the past 12 months, that I realized the Fed operates well outside their two mandates and does so blatantly while trying to paper over their hot potato with a word salad about the actual mandates they should be paying attention to.SF2004 said:You want more inflation? This is how you get it.Mostly Foggy Recollection said:
My educated guess on future Fed actions…
May 2 to 3 - Hike
June 13 to 14 - Pause
July 25 to 26 - Cut
September 19 to 20 - Cut
October 31 to November 1 - Cut
December 12 to 13 - Cut
I'm holding it and will add after the bloodletting.Towns03 said:
is WAL on the way out? or a good hold?
The Fed's job is to protect the big banks and their masters, and socialize their risks and losses through the American taxpayer.Mostly Foggy Recollection said:It wasn't until the past 12 months, that I realized the Fed operates well outside their two mandates and does so blatantly while trying to paper over their hot potato with a word salad about the actual mandates they should be paying attention to.SF2004 said:You want more inflation? This is how you get it.Mostly Foggy Recollection said:
My educated guess on future Fed actions…
May 2 to 3 - Hike
June 13 to 14 - Pause
July 25 to 26 - Cut
September 19 to 20 - Cut
October 31 to November 1 - Cut
December 12 to 13 - Cut
This Administration, Treasury and Fed is an absolute clown show.... if you believe they think their actions are what is best for the common individual. OR, they are truly destroying the last remaining fabric left in this country. If we had true representation in Congress, the Fed could easily go away, but alas, they all have puppeteers too.
dayum! my first 7x put play, but if only I had re-entered! going to go vomit now, lol.ryanhnc10 said:
PACW going bye bye
With the Fed selloff today and PACW news and QCOM down big AH, it's gonna be bloody.Golf1 said:
A lot can happen by market open tomorrow but need to break under $404 and then there's a good chance then to see $400
yep this, take out April 26th low. and then this thing gets real ugly.Golf1 said:
A lot can happen by market open tomorrow but need to break under $404 and then there's a good chance then to see $400