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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99
To: ajtj99 who wrote (61057)5/25/2022 11:49:09 AM
From: Lee Lichterman III1 Recommendation  Read Replies (1) of 97611
 
The plan was just to play the release and bail before the CC. Depending on how it trades today, I might still do it. If numbers are good, it can pop a few points in seconds. If they miss though, look out below. LOL
I didn't sleep much last night and I already made my allowance for the day so I might just go take a nap.
Volume is going to dry up as we get closer to the long weekend. Everyone is going to be waiting on the Fed minutes at 1 this afternoon so I'm not expecting too much movement until then.
Durable goods miss this morning could be viewed either way. Bullish, Fed may not need to hike and drain as much if things are already slowing. Bearish, we're already heading for recession but Fed still wants to tighten more so they aren't seen as wishy-washy on inflation.
Historically, Memorial pre-week is a toss up but I would bet Friday will be up unless we run up to it. If we're flat to down to Friday, I'll likely go long barring horrific news.
Market didn't even blink yesterday after N Korea lobbed a few ICBM prototypes. Hmmm
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