Thread: Bquat's Account Talk

Stage one of a three stage launch system. We have launch: 1875 Booster separation at 1885 and out of the atmosphere at 1898. I'll be happy with 1885. If we don't break out of the bigger triangle we'll have to re-test the bottom of it:

A pattern repeat would be nice because shorts would have to cover at 1885:

As we test the 5 day from above it looks like my dream isn't working but not giving up. This is still within a high base.

Don't bias them charts, your jinxing it. The one we created this weekend is still valid as far as I can tell. Hope I am wrong.

Originally Posted by Bquat

As we test the 5 day from above it looks like my dream isn't working but not giving up. This is still within a high base.

Staying in:

Originally Posted by Bquat

As we test the 5 day from above it looks like my dream isn't working but not giving up. This is still within a high base.

Ditto:

Every buddy and my brother are waiting on today's Fed announcement. I don't know if bad news or good news is good news or bad news anymore. I do know we can break out today if the investors like the news. There will be a pop in either direction but if we maintain above 1875 we remain bullish. Cross the bull line and shorts will cover:

Originally Posted by Bquat

Every buddy and my brother are waiting on today's Fed announcement. I don't know if bad news or good news is good news or bad news anymore. I do know we can break out today if the investors like the news. There will be a pop in either direction but if we maintain above 1875 we remain bullish. Cross the bull line and shorts will cover:

The economic numbers came out at 8:30. ADP employment numbers were better than expected; the GDP was lower at +.1 vs previous +2.6; the chain deflator and the employment cost index were lower than expected. The numbers are non-inflationary, but it seems to me that a GDP of +.1 is a bad economic number. Does someone have any thoughts on whether these numbers should be bad or good for stocks in the next few of days? Tia.

Originally Posted by airlift

The economic numbers came out at 8:30. ADP employment numbers were better than expected; the GDP was lower at +.1 vs previous +2.6; the chain deflator and the employment cost index were lower than expected. The numbers are non-inflationary, but it seems to me that a GDP of +.1 is a bad economic number. Does someone have any thoughts on whether these numbers should be bad or good for stocks in the next few of days? Tia.

How good is ADP at forecasting the monthly BLS jobs reports? | Harry J Enten | Comment is free | theguardian.com

I know that article doesn't answer your questions, but it speaks to the reliance upon ADP numbers rather than waiting a couple of days for the real numbers...from the BLS.

And to answer your question: I think the next few days (that includes today) are bad; but I thought that before the numbers were made public.

Originally Posted by userque

How good is ADP at forecasting the monthly BLS jobs reports? | Harry J Enten | Comment is free | theguardian.com

I know that article doesn't answer your questions, but it speaks to the reliance upon ADP numbers rather than waiting a couple of days for the real numbers...from the BLS.

And to answer your question: I think the next few days (that includes today) are bad; but I thought that before the numbers were made public.

Good reasoning, thank you.

Originally Posted by airlift

The economic numbers came out at 8:30. ADP employment numbers were better than expected; the GDP was lower at +.1 vs previous +2.6; the chain deflator and the employment cost index were lower than expected. The numbers are non-inflationary, but it seems to me that a GDP of +.1 is a bad economic number. Does someone have any thoughts on whether these numbers should be bad or good for stocks in the next few of days? Tia.

I'd say bad. Very bad. Expect the market to nose dive at 2:00 today when the Fed announces tapering will drop us to 45 billion a month. I haven't been following the news as much, but if I had known yesterday about the Fed notes I would have pulled out yesterday. I expect an ugly jobs report to go hand in hand with this news on Friday.