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Strategies & Market Trends Humble1 and Swing Trading Friends

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From: humble1	5/12/2024 10:02:26 AM
	2 Recommendations of 40238

Why I like the R2K and think it could double (or more) in 1-2 years: bloomberg.com Guess what. That anxiety is ALL in the market; they will simply and easily roll over the $600 Billion. It’s called refinancing or whatever, Banks/Lenders love it. Meanwhile, profits are rising and controlled 2-3% inflation is good for them.

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From: humble1	5/14/2024 1:37:08 AM
	of 40238

M-T-W: Three days of inflation anxiety. M: A report from the New York Federal Reserve showed that consumers’ expectations for inflation over the short and long term grew in April. The results put pressure on the major averages and weighed on stocks. T: Another market catalyst will emerge Tuesday morning as the first of two key inflation reports will be released. The producer price index reading for April will be issued at 8:30 a.m. Eastern. Economists polled by Dow Jones anticipate that the PPI gained 0.3% from the previous month. W: The closely watched consumer price index will be out Wednesday, and economists expect that it rose 0.4% in April on a month-over-month basis, or 3.4% from 12 months earlier.

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To: humble1 who wrote (39998)	5/14/2024 10:02:57 AM
From: Lou Weed	1 Recommendation of 40238

This PPI and CPI data has become a joke at this point. Revision after revision to get to a number that somebody wants. Highly manipulated.....just like the employment numbers. J-Pow is starting to talk now. Let's see if it's the usual open mouth....insert foot.

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To: Lou Weed who wrote (39999)	5/14/2024 11:32:35 AM
From: humble1	2 Recommendations of 40238

There ya go … cnbc.com … Powell says “rates to hold steady.” IOW: NO RATE CUTS!!! What does Mistress Market say?: UP!

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To: humble1 who wrote (40000)	5/14/2024 11:44:57 AM
From: Lou Weed	of 40238

“I don’t think that it’s likely, based on the data that we have, that that the next move that we make would be a rate hike,” he said. “I think it’s more likely that we’ll be at a place where we hold the policy rate where it is.” Now he needs to relay this to his foot soldiers that are marched out on a daily basis talking about possible hikes. It's a complete clown show......

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To: northam who wrote (39995)	5/14/2024 8:29:14 PM
From: northam	1 Recommendation of 40238

SPX Cycles Long Range Projections Chart. Today the Weekly W-S-2 put in a new cycle high at 5250.37, the projected high is 5353.73 (ATH). It's looking like the Weekly W-2 (Overdue) will get confirmed at the close on Friday with a projected high of 5506.18 (ATH), the high will be due 6/7/24.

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From: humble1	5/15/2024 8:47:57 AM
	2 Recommendations of 40238

Bullish CPI. Rates dropping. Signs that inflation is easing in other respects – including housing and auto insurance – could be a good omen for markets from here and the Fed’s policy, according to Fundstrat Global Advisors’ Tom Lee. “It’s going to make it clear to markets that … inflation is now normalizing, the economy is in good shape, and rates are so restrictive the Fed actually needs to cut rates,” the head of research said on CNBC’s “ Closing Bell” on Tuesday. “That’s actually quite good for stocks. If it’s a pause, it’s good for stocks. If it’s a cut, I think it’s even better.”

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To: northam who wrote (40002)	5/15/2024 9:41:38 PM
From: northam	1 Recommendation of 40238

SPX Cycles Long Range Projection Chart. Today the SPX put in a ATH at 5311.76 and the Weekly, Monthly, Quarterly & Yearly cycles all put in new cycle highs at 5311.76. The Weekly is expected to confirm a W-2 (Overdue) at the close on Friday with a projected high of 5506.18, the high will be due 6/7/2024.

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To: humble1 who wrote (40003)	5/16/2024 2:30:30 PM
From: Clam digger	of 40238

Weeelllll it does depend on the “reason for the cuts”….didnt see the actual interview, etc. My sense is that they know if rates go up too much from here they will do serious economic damage.

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To: northam who wrote (40004)	5/16/2024 6:31:44 PM
From: northam	of 40238

SPX Cycles Long Range Projection Chart. Today the SPX made a new ATH at 5325.49. Again the Weekly, Monthly, Quarterly & Yearly cycles put in new cycle highs at 5325.49. Tomorrow at the close the Weekly is expected to confirm a W-2 (Overdue) projected high 5506.18, the high will be due 6/7/24.

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