NIO lots of selling volume PM
At $31.66 now
Stock Markets
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Last: 56 min ago by flashplayer
NIO lots of selling volume PM
At $31.66 now
It's 630 and I already can't wait for the trading day to close. Barf
Today gonna be very ugly for certain areas, namely the ones retail is loaded up on.
Clov in 7's
PLTR in 16's
SNDL to .70's
The shares will be easy to come by
Clov in 7's
PLTR in 16's
SNDL to .70's
The shares will be easy to come by
Woof. That's gonna hurt. Hopefully they bounce back soon.
I'll be a buyer of SNDL in the .70s
TexasAg2017 said:
I'll be a buyer of SNDL in the .70s
How about the $0.60s?
You can buy it now for .69TexasAg2017 said:
I'll be a buyer of SNDL in the .70s
May slide down to level I posted previously as retail takes their money out of some names.
I'm going to keep an eye on it today. Low to mid .60s was my original cost basis but I'm net free on them now.
This premarket isn't looking great
TexasAg2017 said:
I'm going to keep an eye on it today. Low to mid .60s was my original cost basis but I'm net free on them now.
Some levels below to watch maybe.
.6785
.65
.59
.489
Gonna have to refigure SPY supports and resistance.
If I fire my investment guy, can he collect unemployment and stimulus benefits?
PLTR & SNDL report earnings today.
*DRUCKENMILLER SAYS FED POLICY ENDANGERING DOLLAR STATUS: CNBC
— *Walter Bloomberg (@DeItaone) May 11, 2021
PLTR reported.FJ43 said:
PLTR & SNDL report earnings today.
Palantir Technologies Q1 Adj. EPS $0.04, Inline, Sales $341.00M Beat $332.23M Estimate $PLTR
— PSK2329 - JHC (@psk2329) May 11, 2021
Tuesday Macros
Fear Dominates Equity...Nasdaq/Fang Corrective... Bonds Weaker
We are seeing global swoons in the technology space... Something we thought would happen in 2021 as the 2020 flight to growth reversed... Unfortunately there is no flight to quality in treasuries as they are struggling... And if you look at EGBS (European Govt Bonds) they are getting trashed today in the 10 year sector... It looks to us that the more the Fed talks about transitory and how they are not worried about inflation, the more the long end of the bond market fears it... Break-evens in treasuries continue to soar... And the 5 year, which closed through the .78 level after the non-farm numbers Friday, is back above it... So much for a positive move in treasuries... While treasury traders are trying to figure it out, corporate treasurers are hitting the new issue markets hard... They see the inflation fear coming their way and they want to get out in front of it... Over 32 Billion of IG paper came yesterday, with another boatload scheduled to day... The Amazon deal was the headliner, and the one good thing that remains, is that buyers are still there... Over 48 billion of orders for the 18 billion of debt, the biggest deal in some time... Its not over.
Rates... While we have not been as right as we like about predicting the next move in rates, we still have not been proven wrong... But we will deviate a minute to German Bunds, where we have gotten it right. 10 year Bunds are pushing towards the -.16 level for the third time, that is usually when it breaks...ECB is backing away on numerous fronts while telling everyone they are still "all in" . Do not believe it... If Bunds break down this week they are on the way to positive territory. Today alone they are higher in yield by just under 5 basis, which is pretty much the same over the 10 year space in Europe on the WB page of BB.. So what does this mean for US 10 years... We have the 3 year auction today, and the 10 year tomorrow... Do we still think 2% is in the cards?.. Yes, but we are a bit wobbly on the timing... The more the Fed denigrates inflation the worse they make it for the long end of the market... That is good for the banking sector as we see Wells and Bank America near new highs... And break-even inflation , using tips, which in itself leaves a lot to desire, continue to point to rising break-evens, meaning more inflation.
Equities... Ugly for the Tech space globally. The Hang Sang Tech Index, is off 30% from its February Highs... ARRK, Cathie Woods premier fund is down, over 50% from its February highs, 20% from the beginning of May, and has sold over 30% of its Apple holdings to either invest more or prepare for outflows... Nasdaq is only down 5% MTD, but Faang is down 6.4% and 14% from its February highs... Do we think a Bear market is developing, obviously it is there on the very high fliers, but we do not see it for the broader markets... Although we went through all the CTA positions last night, and they are still Maxed out with long positions on equities... So we do not think the corrective nature of what we are seeing is over just yet... And the cyber attacks are not helping as gasoline shortages are starting to develop....
Lots more to talk about, but suffice to say the chop is not over... And be careful not to get over your skis in credit, or risk, and for that matter, duration.
Fear Dominates Equity...Nasdaq/Fang Corrective... Bonds Weaker
We are seeing global swoons in the technology space... Something we thought would happen in 2021 as the 2020 flight to growth reversed... Unfortunately there is no flight to quality in treasuries as they are struggling... And if you look at EGBS (European Govt Bonds) they are getting trashed today in the 10 year sector... It looks to us that the more the Fed talks about transitory and how they are not worried about inflation, the more the long end of the bond market fears it... Break-evens in treasuries continue to soar... And the 5 year, which closed through the .78 level after the non-farm numbers Friday, is back above it... So much for a positive move in treasuries... While treasury traders are trying to figure it out, corporate treasurers are hitting the new issue markets hard... They see the inflation fear coming their way and they want to get out in front of it... Over 32 Billion of IG paper came yesterday, with another boatload scheduled to day... The Amazon deal was the headliner, and the one good thing that remains, is that buyers are still there... Over 48 billion of orders for the 18 billion of debt, the biggest deal in some time... Its not over.
Rates... While we have not been as right as we like about predicting the next move in rates, we still have not been proven wrong... But we will deviate a minute to German Bunds, where we have gotten it right. 10 year Bunds are pushing towards the -.16 level for the third time, that is usually when it breaks...ECB is backing away on numerous fronts while telling everyone they are still "all in" . Do not believe it... If Bunds break down this week they are on the way to positive territory. Today alone they are higher in yield by just under 5 basis, which is pretty much the same over the 10 year space in Europe on the WB page of BB.. So what does this mean for US 10 years... We have the 3 year auction today, and the 10 year tomorrow... Do we still think 2% is in the cards?.. Yes, but we are a bit wobbly on the timing... The more the Fed denigrates inflation the worse they make it for the long end of the market... That is good for the banking sector as we see Wells and Bank America near new highs... And break-even inflation , using tips, which in itself leaves a lot to desire, continue to point to rising break-evens, meaning more inflation.
Equities... Ugly for the Tech space globally. The Hang Sang Tech Index, is off 30% from its February Highs... ARRK, Cathie Woods premier fund is down, over 50% from its February highs, 20% from the beginning of May, and has sold over 30% of its Apple holdings to either invest more or prepare for outflows... Nasdaq is only down 5% MTD, but Faang is down 6.4% and 14% from its February highs... Do we think a Bear market is developing, obviously it is there on the very high fliers, but we do not see it for the broader markets... Although we went through all the CTA positions last night, and they are still Maxed out with long positions on equities... So we do not think the corrective nature of what we are seeing is over just yet... And the cyber attacks are not helping as gasoline shortages are starting to develop....
Lots more to talk about, but suffice to say the chop is not over... And be careful not to get over your skis in credit, or risk, and for that matter, duration.
ThisaustinAG90 said:
... And be careful not to get over your skis in credit, or risk, and for that matter, duration.
Check your margin if you are using it.
Dear lord I have lost like 50% for the year now with this nosedive. I wasn't expecting this gap down to happen for another month.
Dang - futures getting uglier.
Thanks as always. Depth each day!austinAG90 said:
Tuesday Macros
Fear Dominates Equity...Nasdaq/Fang Corrective... Bonds Weaker
We are seeing global swoons in the technology space... Something we thought would happen in 2021 as the 2020 flight to growth reversed... Unfortunately there is no flight to quality in treasuries as they are struggling... And if you look at EGBS (European Govt Bonds) they are getting trashed today in the 10 year sector... It looks to us that the more the Fed talks about transitory and how they are not worried about inflation, the more the long end of the bond market fears it... Break-evens in treasuries continue to soar... And the 5 year, which closed through the .78 level after the non-farm numbers Friday, is back above it... So much for a positive move in treasuries... While treasury traders are trying to figure it out, corporate treasurers are hitting the new issue markets hard... They see the inflation fear coming their way and they want to get out in front of it... Over 32 Billion of IG paper came yesterday, with another boatload scheduled to day... The Amazon deal was the headliner, and the one good thing that remains, is that buyers are still there... Over 48 billion of orders for the 18 billion of debt, the biggest deal in some time... Its not over.
Rates... While we have not been as right as we like about predicting the next move in rates, we still have not been proven wrong... But we will deviate a minute to German Bunds, where we have gotten it right. 10 year Bunds are pushing towards the -.16 level for the third time, that is usually when it breaks...ECB is backing away on numerous fronts while telling everyone they are still "all in" . Do not believe it... If Bunds break down this week they are on the way to positive territory. Today alone they are higher in yield by just under 5 basis, which is pretty much the same over the 10 year space in Europe on the WB page of BB.. So what does this mean for US 10 years... We have the 3 year auction today, and the 10 year tomorrow... Do we still think 2% is in the cards?.. Yes, but we are a bit wobbly on the timing... The more the Fed denigrates inflation the worse they make it for the long end of the market... That is good for the banking sector as we see Wells and Bank America near new highs... And break-even inflation , using tips, which in itself leaves a lot to desire, continue to point to rising break-evens, meaning more inflation.
Equities... Ugly for the Tech space globally. The Hang Sang Tech Index, is off 30% from its February Highs... ARRK, Cathie Woods premier fund is down, over 50% from its February highs, 20% from the beginning of May, and has sold over 30% of its Apple holdings to either invest more or prepare for outflows... Nasdaq is only down 5% MTD, but Faang is down 6.4% and 14% from its February highs... Do we think a Bear market is developing, obviously it is there on the very high fliers, but we do not see it for the broader markets... Although we went through all the CTA positions last night, and they are still Maxed out with long positions on equities... So we do not think the corrective nature of what we are seeing is over just yet... And the cyber attacks are not helping as gasoline shortages are starting to develop....
Lots more to talk about, but suffice to say the chop is not over... And be careful not to get over your skis in credit, or risk, and for that matter, duration.
ag94whoop said:
Dear lord I have lost like 50% for the year now with this nosedive. I wasn't expecting this gap down to happen for another month.
75% down here.
SPY 411.74 incoming next test.
MAN I SOLD MY 420 PUTS TOO SOON !!!!
One of the only good things about bear markets is seeing george1992 post about his losses to make the rest of us feel better.
Positioned 401k into bond funds over the last week and out of equities. I'm ready for the nose dive
This is overdone.
You don’t trade for money, you trade for freedom.
Do you expect 406-411 per tics plan FJ?
IF we lose 411.74 range I don't think we hold 410.47 and see 407, 406.10.TMOOSE said:
Do you expect 406-411 per tics plan FJ?
Would be surprised to see below that today. Doesn't mean that won't be incoming down to 403 and 400.75 if this is a broader pullback. I have 398 after that.
On Nasdaq....THIS.$30,000 Millionaire said:
This is overdone.
I provide the following for consideration:
There are some who use a 10-period RSI consideration on broad indicies on the daily to make a swing play......while the NASDAQ is NOT a broad index, you can't deny that sub 30 RSI on a 10-period daily is a HUGE level that is hard to maintain.
If /NQ or QQQ close sub 30 10-period RSI......the play would be to buy at close, or tomorrow at open, whatever you're comfortable with....and then hold for a break of 40 on the 10-period RSI to close the trade, OR 10 bars and close the trade if 40 is not eclipsed, this is a time stop.
If we don't lose the first hours printed lows, I will take weekly SPY calls ATM/ITM for a scalp closely managed.
Mostly Foggy Recollection
Joined:
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Posts:
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I love mornings like this in a market like this. This is where you make your money on volatility (big gap down/up). Today will be a nice cash out then a good oppty to scalp then scale in for the move back the other way (maybe not today but tomorrow).
FJ43 said:IF we lose 411.74 range I don't think we hold 410.47 and see 407, 406.10.TMOOSE said:
Do you expect 406-411 per tics plan FJ?
Would be surprised to see below that today. Doesn't mean that won't be incoming down to 403 and 400.75 if this is a broader pullback. I have 398 after that.
I was already in a crap spot and if I sell today im guaranteed nearly unrecoverable losses in this market. I'd have been better off just buying new cars and blowing the money
Then the question is does it take 7-10 years to recover like 2008?
Yes agree this is good for scalping. But have to cut quick if trade breaks a level either way.Mostly Foggy Recollection said:
I love mornings like this in a market like this. This is where you make your money on volatility (big gap down/up). Today will be a nice cash out then a good oppty to scalp then scale in for the move back the other way (maybe not today but tomorrow).
Being all cash atm, I'm drooling. But I'm also feeling crushed for the good Ags here who are longs.
deadbq03 said:
One of the only good things about bear markets is seeing george1992 post about his losses to make the rest of us feel better.
I went from being able to buy a top of the line Tesla S for cash to barely affording a Chevy volt in 4 months.
7 Day low on /ES is 4120, I suspect there will be some buyers present there at first visit....
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