I like to be a bear as much as anyone else, but it seems that the algos are playing you all. Facebook for example, wiped out 11.5 million in excess puts on Wednesday, but still grinding away at at an additional 15 million in calls that were sitting at 230. Many stocks are priced for max pain, retail did btfd, but they btfd in options. Option writers need to...
Well established bottom at .3, broken now the sma trend to upside. Could be huge breakout coming that would be hard to time.
Main ENS developer went live Saturday night tripling down that gay people are evil. No regrets. Brantley ends up being one of the largest holders of ENS, this will not end well. The community will dump, or the community will dump him and he well dump. Lose lose situation.
380 broke to upside, rejected 400 hard, retested and broke 380 hard to the downside. If we ain't going up, looks like we going down. Bear flag went for 380 again, not even close, more downside to 340, now we in second bear flag, even more violent than first; bear market action. RSI below 40 on bear flag, imo will go to retest 340 again and if break looking for...
market is acting like a 30 cent miss on earnings will make facebook the new myspace. now we are pre covid levels. Pre covid I do think facebook was in a better position as censorship, cancel culture, banning, these issues were not at the forefront of facebook discussion. You could say that pre covid facebook was peak facebook. Ok I can get behind that, and...
All you caffiene crackheads will pay whatever inflated prices starbucks asks for. And now that they dropping the mandates LE will keep the the coffee flowing. Stocks respects the technicals, RSI dips lead to bear flags or full on recoveries. We in it now.
Natural to sell off, we sat in channel for a long time, broke out, rejected, now people looking for a bottom. Nice place now in the mid-point for last channel. Expect retest of 580, especially on positive earnings 1/20. RSI <20 on a blue chip is rare unless serious issues. what are the serious issues? Netflix is great! Disney getting a bid, ATT getting a bid,...
Perhaps this is finally the BABA bottom, some positive new Munger added at $120 (but still small position for him), but at least it shows that he has high conviction, otherwise the Buffett style is cut losses as soon as the long term story shifts. Even if it is against the market narrative, e.g. Airlines during covid. When growth USA sputters it might be time...
Pelosi is in. she has the best advice money can buy. I checked to see what her plan is on buying itm Disney call options. Personally, I don't see it. Seems like a safe parking of a money based on an undeserved downtrend. Purchased 170C leaps, unhedged. Next earnings report should shed some light on the bull case, park revenue, disney plus subscriptions, not...
Longed $1900K, dca daily from mining, longed again @ $4400. RSI and EMA suggest the bounce zone is 4100, but if breaks will consider more buys at 3500, otherwise holding existing longs for $5500 in February, and will reevaluate then. High price targets such as $8K only possible with POS switch. Summer 2022 switch, or POS definitely could be delayed.
Like to thank somebody for pointing out the squeeze, but don't know the dude's name. Will likely dca into tlt shares over next 6 months or until squeezed. if anybody is thinking of following this trade just go check my other losses and maybe inverse this like dr. michael burry.
I know in this day and age a pullback is entirely unfathomable, but even during covid times we see rsi spike above 80 pre earnings then disappointment following consistently. Bulls and bears will be expecting this and therefore no buyers are coming in and momentum will drain.
Bonds have responded to federal reserve 'emergency measures' for a quick timeline: 1. qe on 2. qe should be going away narrative 3. qe is not going away prediction 4. qe IS going away Bought shares of bear bond 3X etf.
I was following the recent upward channel, and looks like the chart is saying the breakout has failed, looking to retest 720, and maybe go lower from there. The area within triangle, flagged, it is important pivot.
A pattern has emerged since June which if continue would be a quick dead cat bounce to 58-60, and then follow downwards to 45 slower.
Gold seems to be trending downwards, dollar has been rallying, interest rates on the rise. Still think it has dead cat bounce in it for bounce to 1760.
When looking on the weekly the Federal reserve's QE in the bond market to reduce interest rates has resulted in manic rallies in gold. So much that any hint of rising rates like in the summer this year when bonds sold off resulting in steep declines in gold. Smart money says QE off will be stagflationary or deflationary. This trend is apparent in all equities...
Zoom heading into last summer's buy zone, if we don't find buyers here time to load up the puts on $arkk