[Belgrade Bobby]

NASDAQ 100 Weekly

Clearly Bullish

 

[Belgrade Bobby]

GME Weekly

Supports 23.80 and then gap till 9.30

Now resistance come at around 42.00

Formation is very bearish.

 

[Mtl JP]

barbarians past the gate
–
KKR, CrowdStrike and GoDaddy to Join S&P 500 as Index Rebalances
KKR inclusion underscores private investment business growth
Robert Half, Comerica and Illumina will exit stock index
June 7, 2024

[Mtl JP]

allegedly the next move being a rate cut is not off the table but just post-poned
–
Dollar Rises to Highest in a Month as Fed Cut Bets Stall

* Currency gauge on longest weekly winning streak since February
* JPMorgan, Citigroup both postpone calls for first Fed cut

[GVI Forex 2]

This is a big week ahead with a focus on US CPI and the FOMC meeting. See detailed previews on…

Newsquawk Week Ahead 10-14th June: Highlights include US CPI, FOMC, BoJ and China inflation

 

 

Newsquawk Week Ahead 10-14th June: Highlights include US CPI, FOMC, BoJ and China inflation

[GVI Forex 2]

TAKE THE CHALLENGE. CASH PRIZES AND MORE!

Global-view Trading Club Challenge

 

 

Global-view Trading Club Challenge

[GVI Forex 2]

TAKE THE CHALLENGE. CASH PRIZES AND MORE!

Global-view Trading Club Challenge

 

 

Global-view Trading Club Challenge

[GVI Forex 2]

US jobs post-mortem

Gold closes below 2300
BTC closes below 70000
US 10-year closes 4.43% after trading sub-4.30% pre-data
USD closes higher, commodity currencies hit, EURUSD at 1.08
Stocks close down modestly

[SF Monedge]

Regarding GameStop.  I converse with various people about the subject and similar.  Most of the enthusiasts are younger generation.  Rebellious and trying to change the world and shove it to the elders.  Some of the outcome is awesome, some is insanely stupid.  That crowd included “influencers.”  There are literally now millions of them in China now, lines of them on bridges next to eachother making videos for money.  The problem is 2% of them control 94% of the revenue stream.  The rest are wasting time.  Learn how to spell the word – broke.

Couple that with the increasing influence of AI and mass job replacement, these generations are in for a rough time.  Not a good time to be both ignorant and arrogant simultaneously.

There is value in the US Dollar.  Bitcoin will never replace it kids.  StableCoin (US government version to arrive within a year or so) will to an extent, but likely primarily as a transaction vehicle.  For the Dollar.

[SF Monedge]

Bobby  –  The GameStop crowd is running out of things to sell of no value.

[Belgrade Bobby]

GameStop Stock Halted Down Over 40% as ‘Roaring Kitty’ Ends Livestream

Meooow 😀

[Belgrade Bobby]

‘Roaring Kitty’ Shows GameStop Bets on Livestream

Jun 7, 202419:07 GMT+2

GME−37.27%

Keith Gill, better known as “Roaring Kitty” on YouTube and X, showed his positions in GameStop  GME during his YouTube live stream on Friday.

He currently holds 5 million shares and 120,000 call options.

And there you go – 40% DOWN….Kitty is not Roaring anymore 😀

 

 

 

[SF Monedge]

Timing is everything, in boxing and in trading.

I can imagine this being Kamala’s take on it  — “The thing about timing markets is your timing.  Because timing is everything when it comes to timing, because its all about the timing and the timing of your timing.   How’s that for timing!”  –  Kamala Harris

[Belgrade Bobby]

GameStop Shares Down 24% as ‘Roaring Kitty’ Livestream Begins

Kitty has meowed 😀

 

[SF Monedge]

Bobby     Was watching that on the Aud sell from 666.   An entire week ‘s range done in 2 minutes.  Algo heaven.

[Mtl JP]

EURO 1.0805
–
Taking store of today’s pricing reaction to NFP the question of who is surprising who and to what extent emerges.

IF euro keeps North of 1.0780 a contention can be made that not all rate-cut enthusiasts will have been culled from trading nor from the economy.

[Belgrade Bobby]

EURUSD 4h

So Monthly range in two bars….hilarious 😀

[SF Monedge]

For those who trade Asian currencies I fully expect PBOC to reduce rates coming up.  That would be Dollar positive and Yuan offered.

[michael Calif]

May 25  ..  Gold futures remain SELLER controlled from the Apr 12 TOP around 2440   :Option Profile

[GVI Forex 2]

2. Stay Alert! Markets Move When There is a Surprise

It does not take a rocket scientist to quickly realize that global markets move when there is a surprise vs. expectations. This is true for key economic reports as well as other key market events.

Jay Meisler’s Common Sense Trading Tips – Part 1

 

Jay Meisler’s Common Sense Trading Tips – Part 1

[GVI Forex 2]

XAUUSD DAILY CHART – DOUBLE WHAMMY

 

 

XaUUSD was hit with a double whammy — China stopped buying gold and the US jobs report.

Pivotal levels, like 2300, (and chart patterns) seem more important than any specific levels in an instrument like gold.

This is just my observation so following that logic 2300 is one of those pivotal levels that will dictate whether the retreat from the record high has more to go.

[GVI Forex 2]

NAS100 4 HOUR CHART – DOUBLE TOP?

 

 

How seriously should we take the MAS100 double top?

It is not in my DNA to suggest a top in the NAS

To keep it simple, focus on 19000 as firmly below it would be needed to suggest the high is in for now.

[GVI Forex 2]

EURUSD 4 HOUR CHART -18 days in a row

 

 

Chart is clear

Below 1.0827, risk is for 1.0800-10 and then 1.0788 below it.

On the upside, back above 1.0827 would be needed to neutraliuze.

Otherwise, this is the 18th day in a row essentially trading within 1.08-1.09

[SF Monedge]

See Euro possibly re-balancing toward 0850 in time.

[SF Monedge]

There are certain forward looking internal metrics in futures/options and others which are overwhelmingly bid here at 0815 Euro

[SF Monedge]

Volume/option metrics are still short stocks but stalling here so if you favor being risky and entertaining the offer in Dow futures and/or Euro (currently in the 20’s) this might be a decent area to consider.

[Mtl JP]

the fast as cobra that they are … not

in hindsight it s kashkaru with best opinions

[SF Monedge]

Citi just changed their Fed forecast to longer forever (September)

[GVI Forex 2]

USDX 4 HOUR CHART -REVERSAL OF FORTUNE

 

 

The move above 104.80 ends momentum to the downside and would now need to become support to suggest noive scope on the uspoide.

An equivalent level in EURUSD is 1.0827, also broken.

So for now, thoughts of USD breakouts to th3e downside are put to rest.

[SF Monedge]

This is about where stocks should stall if they are going to.

[Author]

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