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Ornithopter
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CrazyRichAggie said:




Counterpoint - quickly increasing yields matter

Red Red Wine
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AG
So am I learning anything on this thread?

I'm net free on TNXP, but was looking at a 3 month, daily average chart. Am I interpreting this data correctly? Was curious if the "goal posts" count with so many green volume days leading up to the first goal post?

Edit: Is there also a Model T forming?

Just trying to learn and make sure I'm learning correctly not stupidly!

Esteban du Plantier
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DubFalls said:



Counterpoint - quickly increasing yields matter




I guess it fits if you conveniently leave out the 90's where it didn't follow the pattern.
.
Carlo4
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Let me get this straight....

Market rose quickly yesterday when Powell said inflation is here and no rate change for 3 years. Vix fell below 20 and everyone seemed happy.

Market fell just as quickly premarket on inflation fears via the 10 year?

I hate headlines that sound contradictory
Rice and Fries
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DubFalls said:

CrazyRichAggie said:




Counterpoint - quickly increasing yields matter




This is false. We've been in a recession over the last 12 months....
FJ43
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Red Red Wine said:

So am I learning anything on this thread?

I'm net free on TNXP, but was looking at a 3 month, daily average chart. Am I interpreting this data correctly? Was curious if the "goal posts" count with so many green volume days leading up to the first goal post?

Edit: Is there also a Model T forming?

Just trying to learn and make sure I'm learning correctly not stupidly!


Good looking chart. Key now is does it cross MT and confirm continuation or not. It rejected it yesterday and closed just below. With the 5 & 8 crossing the 21 yesterday along with that volume I think it will but may flag here then run back above $2.
Ragoo
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Yield goes up - debt gets expensive - tech pulls back. Makes absolute sense. Tech is highly leveraged to debt.
Red Red Wine
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Thanks for the thoughts FJ. Much appreciated.

I have a sell order in at $3 for much of my shares, but will hold some longer term in case it does a SAVA or something nuts (I don't think they will, but you never know with bios).
FJ43
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SPY Scalps - Most all of my SPY scalps for today and tomorrow will be 3/26 date now. Unless a setup for a 3/19 play presents itself I will move out a week to reduce risk on the trade.

If you added any puts on towards the close or run up yesterday, congrats. They may pay very well this morning and you can turn off the laptop and go about your day.
Ornithopter
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The rate of change wasn't as fast.

And I agree we have been in a recession for the past 12 months, but the stock market hasn't reflected that.
BrokeAssAggie
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Irish 2.0
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Irish 2.0 said:

$30,000 Millionaire said:

Aggiesincebirth said:

$30,000 Millionaire said:

p.s. Are all of you super bullish now?


.

Me over here trying to have a green beer and celebrate St. Patty's day and seeing your classic post...


Market could go up tomorrow but that was a low trin close.
Was not a fan of that close personally. QQQ still closed over the 50DMA, but it got slapped down when trying to move to Tuesday's high. So technically we had a lower low and lower high. Obviously that's just one part of the equation, but I'll be in a wait and see mode for the first 30-60mins tomorrow.


Technicals are a beautiful thing
Bob Knights Paper Hands
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FJ43 said:


SKEW higher today at 143.19

Based on history we usually don't stay up here long without some pullback. We are on Day 4 above 140.





Couldn't that be related to heavy 3/19 call volume with yesterday's afternoon run? If so I'd imagine it calms down on Monday. Is there any way to get what amounts to a SKEW by expiry date?
Ragoo
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Trying to skew the skew
Bob Knights Paper Hands
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Carlo4 said:

Let me get this straight....

Market rose quickly yesterday when Powell said inflation is here and no rate change for 3 years. Vix fell below 20 and everyone seemed happy.

Market fell just as quickly premarket on inflation fears via the 10 year?

I hate headlines that sound contradictory

My question is was this completely cause by those that didn't understand higher inflation would hurt leveraged tech companies or was this made into a catalyst by MM in order to get a frenzy of retail buyers to pump prices so MM could sell premiums and/or sell shares at higher prices?
Brewmaster
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FJ43 said:

Prognightmare said:

Good morning bud
Think we flash down to test 393.50 on SPY again today? Won't surprise me at all to see that with opex week and the movement yesterday. SPY at 395.28 & Qs at 318.04


Going back the last year, a high % of opex weeks ended with a dud.
McInnis 03
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BREwmaster said:

FJ43 said:

Prognightmare said:

Good morning bud
Think we flash down to test 393.50 on SPY again today? Won't surprise me at all to see that with opex week and the movement yesterday. SPY at 395.28 & Qs at 318.04


Going back the last year, a high % of opex weeks ended with a dud.
On Monday I posted an article about Gamma indicating that SPX would close OPEX about the level it opened at on Monday. I think that was about 3945........
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
McInnis 03
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On a market related note (please try to keep the tangents to a minimum)......is anyone keeping up with this P1 variant of COVID in Brazil? Apparently current vaccines (all of them) aren't much for it....and this variant is 2x-2.5x more transmissible and I read a headline (take THAT fwiw) about this variant being more violent on 20-40yr old that others.......is this something to take some forward looking caution with? Any docs on here keep up with this thing?
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Rice and Fries
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On the flip side, what does the board think of rising oil prices? That would have a positive effect on the dollar - no?
FJ43
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Tomas Hermensa said:

FJ43 said:


SKEW higher today at 143.19

Based on history we usually don't stay up here long without some pullback. We are on Day 4 above 140.





Couldn't that be related to heavy 3/19 call volume with yesterday's afternoon run? If so I'd imagine it calms down on Monday. Is there any way to get what amounts to a SKEW by expiry date?
Yes those volumes have an impact, however SKEW is measuring tail risk or the far ends of the distribution curve...up and down. It is using the next 30 days 2+ from mean OTM. So perceived risk is higher when at these levels in terms of sentiment....and growing.

We are 4 days straight rising and above 140.

This is something I learned from OA then dug in a little more than just levels to know. I could me missing something here but history on the technicals show a pullback is likely.
Bob Knights Paper Hands
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Expiring condors

It's been awhile since I've actually let a condor expire, but I have several on lower liquidity stocks for this week that are wide enough I think I'll hold for max profit. If I simply let these expire and I'm in-between the two sets of spreads, does everything just offset and my broker simply deposits my max profit into my account after close on the expiry date? This is on Fidelity.
FJ43
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BREwmaster said:

FJ43 said:

Prognightmare said:

Good morning bud
Think we flash down to test 393.50 on SPY again today? Won't surprise me at all to see that with opex week and the movement yesterday. SPY at 395.28 & Qs at 318.04


Going back the last year, a high % of opex weeks ended with a dud.
Let the duds begin so the orbit may commence.
Rice and Fries
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McInnis 03 said:

On a market related note (please try to keep the tangents to a minimum)......is anyone keeping up with this P1 variant of COVID in Brazil? Apparently current vaccines (all of them) aren't much for it....and this variant is 2x-2.5x more transmissible and I read a headline (take THAT fwiw) about this variant being more violent on 20-40yr old that others.......is this something to take some forward looking caution with? Any docs on here keep up with this thing?


Found this related to the JnJ vaccine:

"Including mild and moderate disease, the overall efficacy was 66 percent, but varied across the regions: 72 percent in the U.S., 64 percent in South Africa, and 61 percent in Brazil. "Mild and moderate outcomes" could include a range of illness, said Gandhi, and we won't know the details until the full trial results are published, but we do know that everyone recovered without medical intervention."

https://www.ucsf.edu/news/2021/03/420071/how-effective-johnson-johnson-covid-19-vaccine-heres-what-you-should-know
BrokeAssAggie
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SINO rocket!!
McInnis 03
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AG
woah.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
cageybee77
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If rising interest rates (t-bills) effect techs - because they typically have debt - then why is AAPL also so effected? I can't imagine that they need to carry much debt.
wanderer
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https://www.prnewswire.com/news-releases/sino-global-to-launch-highly-secure-nft-exchange-with-cybermiles-301249769.html

And I just noticed that SINO has options now
FJ43
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Initial Jobless Claims - 770k
Expected - 700K
clinto
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On the chart that red red wine posted, where would you start the Fibonacci retracement drawing at, would it be the lowest price on the chart?
FJ43
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clinto said:



On the chart that red red wine posted, where would you start the Fibonacci retracement drawing at, would it be the lowest price on the chart?
I used the high on 2/9 and the low following it on 3/5.
trip98
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May options just released for
SNDL
ENG
MBIO
LLNW

I've been waiting for some upwards movement to sell cc's on these. Not sure I will go that far out on SNDL but likely would on the others
Brewmaster
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McInnis 03 said:

On a market related note (please try to keep the tangents to a minimum)......is anyone keeping up with this P1 variant of COVID in Brazil? Apparently current vaccines (all of them) aren't much for it....and this variant is 2x-2.5x more transmissible and I read a headline (take THAT fwiw) about this variant being more violent on 20-40yr old that others.......is this something to take some forward looking caution with? Any docs on here keep up with this thing?
I don't buy it for a second. I think the last time I read something like this, it was the Colorado governor claiming they found a more aggressive strain...not a single scientist or anything reliable quoted in the article, just a politician. and only blue states have real problems with it, go figure.

KBTX here had a story on covid recently with a picture of a 25 year old in icu. The picture was taken in Mexico. I looked up the stats here, not a single A&M student, let alone anyone under 30 has died here from covid, no children, no college students, not 1. I believe none in icu as well.

Remember Covid is an RNA virus, which means this - "Though there's the very rare chance a virus could mutate to be more aggressive, if anything, RNA viruses are more likely to mutate into a weaker version. "Nearly all mutations will make some part of the virus work less well than before.

this is a pretty good read and a quote from it below:
https://www.sciencenews.org/article/coronavirus-covid19-mutations-strains-variants

That may mean the change makes the virus more transmissible, the authors concluded. But the study lacked laboratory experiments to support the claim.

Sorry all, back to stonks only go up!
mazag08
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The people that latch on the gap between the 10 and 2 year's every move are nauseating. It doesn't work like that. These things are always compressing and expanding. There's a very historical context and longer term meaningful trend that signifies those two crossing equaling recession.

Stop following idiots on twitter who very obviously get their economic background from sensational news and reddit type content.
sts7049
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mazag08
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I posted this yesterday but I think it got skipped over with everyone actively trading.

This is an important read for the newer traders and those who like to latch on to earnings and such.

How To Analyze Market Sentiment Along With Market Fundamentals | Seeking Alpha

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