Very bullish tonight for end of the week... long engulfing green candles,
and it erased the week loss but is this a trap for next week?

Looks like it will be bull market from now on

Confirm trap as next week is back to data week

Don’t be so confident because this week is no market moving data week wait for next week and the next 2 weeks for it to go down again 🤦‍♀️

WSJ Markets: Heard on the Street

Goldman Sachs Doesn’t Want to Be Everyone’s Bank, but It Has to Be Someone’s
Wall Street’s most elite firm spent spent years trying to be a bank for the masses. As CEO David Solomon dials back that costly experiment, an identity crisis looms.

https://www.wsj.com/articles/goldman-sachs-...share_permalink

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Monkey Business Threatens U.S. Drug Discovery
A shortage of farm-bred primates is contributing to poaching and harming biomedical research and development

https://www.wsj.com/articles/monkey-busines...share_permalink

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Why Stock-Market Tourists Flock to New York
Europe’s exchanges increasingly seem too small to compete with the U.S.

https://www.wsj.com/articles/why-stock-mark...share_permalink

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Macy’s and Nordstrom Have a Fashionable New Look: Going Small
Department stores may need to shrink after offering a grim assessment of consumer health

https://www.wsj.com/articles/department-sto...share_permalink

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Okta Is on Safer Ground Now
Cloud security company gets growth back on track, with better profits and a less risky valuation to boot

https://www.wsj.com/articles/okta-is-on-saf...share_permalink

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No News Is Bad News at Tesla
A lot was said about the efficiency of Tesla’s next-generation manufacturing platform, but not what it will build on it

https://www.wsj.com/articles/no-news-is-bad...share_permalink

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K-Pop’s Corporate Battle Royale Is Just Getting Started
Takeover saga featuring BTS-backer Hybe and rival SM keeps getting more Shakespearean

https://www.wsj.com/articles/k-pops-corpora...share_permalink

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AI Has Its ‘iPhone Moment’
The launch of ChatGPT has set off a frenzy by companies to show they are in the AI game

https://www.wsj.com/articles/ai-has-its-iph...share_permalink

I think February inflation data will be good for the market as oil price did come down during February.:

Not necessary true because oil price is only covers 1/8 roughly on CPI data whereby housing, food, communications and medical care covers close to 65% of the CPI hence oil doesn’t impact as what you think before in this inflationary environment 🤦‍♀️

Most likely the reading will show stable inflation numbers with no signs of disinflation yet even though the trend is starting to show

It been bull market since early Jan. Higher high and higher low. Bunce off at 200ma.

Yeah and sideaways with 200DMA slight breach last week

This week gonna be messy once market moving data is back in action

INTC finally gets a sell call by JP Morgan. They finally decided to give up on it.

https://www.barrons.com/articles/intel-stoc...ing-51668173488


It's crazy, sometimes dunno what these analysts are drinking. Only have the stock has dropped over 50%,
then, they telling their investors to sell. It had a price target of 64.. now 25.
Like that anybody can do it..how to lose your shirts fast.

Those who holding since pandemic time would be crying now 🤦‍♀️

they get paid to influence / manipulate the market...

they are not canary but parrot

Only changing their position after things had happen instead of staying one step ahead of the market.

Powell in hot seat with Congress for 2 days...
If market sense anything wrong coming from him, it could mean bears will be free to roam.

Very good because my buying window is this week for a few defensive shares 👏

"Rates will be higher than previously anticipated...." with that sentence,
the bears are out now... all Red on my screen.

This post has been edited by danmooncake: Mar 8 2023, 03:39 AM

Did some scalping trades with PUT options..and closed out before market close.
But, too chicken to leave money on the table. Powell got more stuff to talk about tomorrow...

WSJ Markets:

U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear
America’s biggest oil gushers are shrinking, evidence that companies have drilled through much of their best wells

https://www.wsj.com/articles/u-s-shale-boom...share_permalink

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Heard on the Street

Wow... Bears are ferocious tonight!
Glad to escape the traps!

Gotta to watch for the jobs numbers tomorrow. Will get more opportunity after that.
US mortgage rates spiked to 7%.
I think we're going go back to 50bps this month, maybe can get 5.25%-5.5% for Fixed Deposits.

Something important to pay attention to.....

Yea it was a rally during the beginning of the session before I went to sleep, really unpredictable for