News from Guysmarket
Projections are out.... we're in trouble
When you come across a feel-good thing.
Did somebody say 'Murica?
Shows the Silver Award... and that's it.
Thank you stranger. Shows the award.
- By - Guysmarket
Housing Affordability hitting bottoms we haven't seen since 2006
I don't need it, I don't even necessarily want it, but I've got some cash to burn so I'm gonna get it.
- By - Guysmarket
Essentially they wrote down inventory value and then folded it into cost of goods sold
Treat this like any other indicator, with caution. It happens to be more in line when it comes to products like qqq or spy because individual companies can have their big news drops that can cause massive short-term fluctuations.
Good stuff man. Do you post these weekly?
yes, at least I try to. Maybe not always on wsb.
As always, be careful putting full faith in this. This is simply letting you know when we tend to get overextended in one way or the other.
As always, be careful putting full faith in this. This is simply letting you know when we tend to get overextended in one way or the other.
As always, be careful putting full faith in this. This is simply letting you know when we tend to get overextended in one way or the other.
What does the OBV indicator say, OP?
it's following price action on the day chart
the purple vertical lines tell you each time it's crossed over. When blue crosses over yellow, this is a buy signal. However, blue under yellow produces a sell signal.
Some would say that the market usually doesn't predict FED very well.
They don't, but these predictions between data drops tend to set the narrative for market direction in the shorter term. As long as bulls keep refreshing the cme page and citing eoy rate cuts, there will still be hopium and they will constantly argue the bear thesis of higher inflation and more rate hikes.
The
true, but this gives me a real time look and an immediate reaction. The CME fedwatch tool is actually based off fed funds futures contracts. Having these charts up after a major data drop give me a real time reaction of how market participants are pricing in rate hikes or cuts. Has saved my ass on many many occasions.
Thank you, I was gonna post to ask about this but since you already did I'll just ask here instead..
sent you a pm
the red boxes are where you should focus your attention. You can clearly see there is less unison and for 2023 there are more folks to moved their dots higher
This is bullish and bearish.
also I want to point out that i made a mistake when talking about the fed funds futures. They're expecting .75 rate cuts