SMC Update 3-21-23

Tue, 03/21/2023 Tuesday, 03/21/2023 8:23 PM PDT


Comments (12)
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arcon00224
arcon00224

thanks Peter, don't pay too much attention to the people who leave negative comments. They're free to start their own newsletter or nightly commentary service anytime they want. I see them post a lot of negative comments in here, but look closely and you'll see they post them the next trading day after the move has been made. They need to post in advance like you do in order to have any clout. We'll discover quickly which of them have a good pulse on the market or note. Tricky market for sure with more chop than steady trends so far this year, but we all know that can change very quickly. Maybe it shows the indecision and frozen-in-time feeling that a lot of people seem to have right now regarding the direction this country is going: "what's next?" many people are asking.

spencerdavis2000
spencerdavis2000

for the NY Composite I believe you can get the data somewhere other than Tradestation in CSV format which means comma separate value, then import it into Tradestation. I believe during the import process you need to create a unique symbol name. The only problem is to get the next day you would have to do another import each time.

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dcarter8883312
dcarter8883312

Thanks Peter

JCtrader
JCtrader

They= algorithm liquidity hunter.

daniel039209
daniel039209

its okay if you want to be bearish. it doesnt seem okay to sit through a 200 pt SPX rally in a week(+1200? NDX) and not be proactive. THere was a BULLISH ENGULFING weekly candle on the NDX. You are not recognizing. Please, someone tell me how to be profitable following projections. And this whole room with exceptions posts negative sentiment( all last week) so it becomes some king of "group think" shorting all way up looking for the immediate turn down. Really, I dont see how there wont be more bearish interpretations throughout the next 6-9 months. while market has these "year making moves up" and i am sure some sharp downturns. You lose multiples trying to pick top, always short versus being long and sitting through the corrections. Thats from Peter Lynch view. i wont watch this video until after FEd. i dont need to be trying to short against the 200 in spx and then "just hang in there for a few more percent, etc"

MJMassens2570
MJMassens2570

The yield curve and recent moves in bond yields, as well as copper/gold ratio, indicate that deflation is coming in a big way. Traditionally the pause in rates is bullish, while the pivot to rate cuts is the big bear (buy hype, sell news). So your analysis is not wrong. There is possibility for a sucker's rally with a FED pause, but ultimately we all know where things are headed 📉

elchico714622
elchico714622

Been playing calls and puts until today. All in on puts for apr 21st… good luck everyone!

elchico714622
elchico714622

Well…. Looks like market won’t be coming down…

daniel039209
daniel039209

szulc2639 .... great levels on your NDX, thank you for sharing work like that! appreciated

elchico714622
elchico714622

Lfg!!!!!!

helene3835
helene3835

Banks and REITs have been leading this decline since Feb and still have a 5th wave down. Holding WFC puts. Note that tech joined today's decline in a big way, including SMH.

elchico714622
elchico714622

szulc2639 said:

elchico714622 said:

Well…. Looks like market won’t be coming down… That's why patience is a virtue.

Was patient enough to wait and load up on puts today.

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