All edits in yellow to pinned tweet from 7/7/21.
Time is off, but can make up for it, “ish” is 1.5%+ above 4400.
I added to hedges this last week and I’m good with that “ish”.
$RUT has been mentioned as the first to hit 200dma. That’s still on track.
@mebcapital@AdamMancini4 Rebalancing from equities to bonds. Look at TLT. Also, massive equity sell-off due to the upcoming increase of the capital gain taxes.
Everyone tweeting about transitory inflation. It's impossible to know if it will be or not... And we won't know if it's transitory until it doesn't stop, but even then fed will justify and say it will only be for one more quarter... Then another and another
Summer trading near & as usual, its likely to be tricky
Seasonality suggests a good mid-June pullback, and confirming this is the fact #ES_F is 120 points away from my 4330 target (key trendline resistance from 2016). Bias will remain to buy dips after as long as daily trend= up
Sell programs again dominating today: 66 total programs of size, 21 buys to 45 sells. Monitor users saw the large Capper sized sell programs running today.