BITCOIN DOWN 5%, ETHER FALLS 7.5% IN RISK OFF TREND ACROSS MARKETS

— *Walter Bloomberg (@DeItaone) July 8, 2021

FJ43 said:

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BITCOIN DOWN 5%, ETHER FALLS 7.5% IN RISK OFF TREND ACROSS MARKETS

— *Walter Bloomberg (@DeItaone) July 8, 2021

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Is anyone still in DPW or EBON? Going to get beat down today but I'm torn on if I cost down or just cut bait

gougler08 said:

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FJ43 said:

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BITCOIN DOWN 5%, ETHER FALLS 7.5% IN RISK OFF TREND ACROSS MARKETS

— *Walter Bloomberg (@DeItaone) July 8, 2021

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Is anyone still in DPW or EBON? Going to get beat down today but I'm torn on if I cost down or just cut bait

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I am not. I exited all crypto miners a while back.

FJ43 said:

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gig em 02 said:

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What happened that caused the market to dive like this? 10 year treasury is down, so other than illegal market manipulation between the big boys, how did they all know that today at 4 am when most people aren't allowed to trade was the exact time to dump?

What's different this morning that wasn't there yesterday, last month, or even last year?

TLDR - how did the entity (Pelosi probably) that made the million dollar bet on the inverse leveraged etf know that now was the time?

(My sell indicator was when 30k went slightly a tiny bit bullish)

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This thread has been full each day of warnings, charts, indicators, etc of markets being stretched and a pullback to some degree imminent. This isn't a a limit down sell off. Yet. I suspect we will back test 21EMAS and maybe try again before we have a larger correction.

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Yes, I don't think any of us should be surprised by it, but why this morning? Imminent doesn't mean collectively on July 8 at 4 am. There is something I am missing in my timing.

Crap and i have a busy day today. Guess my spxs call hedges will be up. Thoughts on the depth of this pullback? Close those out at open or is this "hold onto your puts" territory?

I feel like it started yesterday - I sold all but TLYS - probably should have sold that too

GOCO sitting at the $10 major support line

gig em 02 said:

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What happened that caused the market to dive like this? 10 year treasury is down, so other than illegal market manipulation between the big boys, how did they all know that today at 4 am when most people aren't allowed to trade was the exact time to dump?

What's different this morning that wasn't there yesterday, last month, or even last year?

TLDR - how did the entity (Pelosi probably) that made the million dollar bet on the inverse leveraged etf know that now was the time?

(My sell indicator was when 30k went slightly a tiny bit bullish)

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London opens at 2a central time. USA is last of the big three and is why we get the gaps

Also, "levels not seen since last Wednesday"
I like fj's healthy pullback/consolidation take. Might just close these hedges at open

NRD09 said:

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Crap and i have a busy day today. Guess my spxs call hedges will be up. Thoughts on the depth of this pullback? Close those out at open or is this "hold onto your puts" territory?

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My guess is 21EMAs. Doubt we see the 50s. That would be around 420-1 on SPY. I guess its possible to have a 3% pullback.

We are still within the Mancini bull channel, and I assume this is all because the tokyo olympics banning fans and people getting scared of foreign lockdowns. But who knows. Wouldn't be surprised if /ES was back around 4330 later today.

Shundere said:

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We are still within the Mancini bull channel, and I assume this is all because the tokyo olympics banning fans and people getting scared of foreign lockdowns. But who knows. Wouldn't be surprised if /ES was back around 4330 later today.

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Ballpark Model T of yesterday high to this morning's low is 4316.50

Most gaps fill in the first 30 minutes of the day. Not always but most.

Food for thought.

AUD/JPY is 81.6 a strong tick down. Common carry trade coming off?

Nice!

Ragoo said:

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AUD/JPY is 81.6 a strong tick down. Common carry trade coming off?

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What do you see on SPY or ES level being flashed down to?

I will look long at 425.76ish area but only for quick trades. Any trades for me today will be smaller and fast with the trigger to get off.

ASAN.......let's be normal today.

gougler08 said:

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gig em 02 said:

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What happened that caused the market to dive like this? 10 year treasury is down, so other than illegal market manipulation between the big boys, how did they all know that today at 4 am when most people aren't allowed to trade was the exact time to dump?

What's different this morning that wasn't there yesterday, last month, or even last year?

TLDR - how did the entity (Pelosi probably) that made the million dollar bet on the inverse leveraged etf know that now was the time?

(My sell indicator was when 30k went slightly a tiny bit bullish)

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Most likely scenario sadly...as much fun as all the meme stuff has been, retail still isn't allowed to really win at the grand scale

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It's a game. I'm seeing stocks I was shorting with over 1M shares available to short listed as Hard to Borrow this morning. Someone borrowed all those share to sell short overnight.

Double_Bagger said:

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gougler08 said:

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gig em 02 said:

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What happened that caused the market to dive like this? 10 year treasury is down, so other than illegal market manipulation between the big boys, how did they all know that today at 4 am when most people aren't allowed to trade was the exact time to dump?

What's different this morning that wasn't there yesterday, last month, or even last year?

TLDR - how did the entity (Pelosi probably) that made the million dollar bet on the inverse leveraged etf know that now was the time?

(My sell indicator was when 30k went slightly a tiny bit bullish)

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Most likely scenario sadly...as much fun as all the meme stuff has been, retail still isn't allowed to really win at the grand scale

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It's a game. I'm seeing stocks I was shorting with over 1M shares available to short listed as Hard to Borrow this morning. Someone borrowed all those share to sell short overnight.

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Likely those that are trading futures markets and internationally seeing the writing on the wall.

EUROPE'S RETAIL INDEX FALLS 3.2%, ON TRACK FOR WORST SESSION SINCE JUNE 2020

— *Walter Bloomberg (@DeItaone) July 8, 2021

Aggiesincebirth said:

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Very confused about WWR joins the Russell and gets an unexpected state government deal, then drops 20%

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May have something to do with 25MM share dilution, but this was never targeted as a Q3 winner. The plant is also a future event that may or may not happen, and may or may not be completed/operational on time.

Patience is the game with the MA stocks.

Aggiesincebirth said:

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Very confused about WWR joins the Russell and gets an unexpected state government deal, then drops 20%

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It is a bit confusing for sure but this is a company that has not had a penny of profit in a while. It is trading purely on speculation that it will be profitable in the future. They have made a complete shift to solely graphite when they were in the mining of other minerals before that (uranium was a big one I know).

Having held this stock for a long time, I have seen it have some wild swings. Luckily many of us are on round 2 of those swings and have already gone net free And reloaded the boat.

I am a big believer in this company but these types of swings will probably continue to happen until they get some large companies using their battery grade graphite. All that said, if it dips into the 3.60s again (which I hope does not happen), I will be loading up on some 2.50 calls waiting for the bounce back to 5.

FJ43 said:

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ASAN.......let's be normal today.

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Can it get the 50 dollar July puts ITM??
Asking for a friend of course

Did we stop out on PLTR calls from yesterday?

gig em 02 said:

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Aggiesincebirth said:

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Very confused about WWR joins the Russell and gets an unexpected state government deal, then drops 20%

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May have something to do with 25MM share dilution, but this was never targeted as a Q3 winner. The plant is also a future event that may or may not happen, and may or may not be completed/operational on time.

Patience is the game with the MA stocks.

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I thought the dilution occurred a couple weeks ago this week... But I thought Q3 was the circled date? Did I miss that? Not trying to complain as I hold a crap ton of shares but always thought this was a Q3 play to go net free and then a MA stock long term for when the plant gets going.

FJ43 said:

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Ragoo said:

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AUD/JPY is 81.6 a strong tick down. Common carry trade coming off?

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What do you see on SPY or ES level being flashed down to?

I will look long at 425.76ish area but only for quick trades. Any trades for me today will be smaller and fast with the trigger to get off.

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if we lose 427.73ish then we could see an extension to 423.13ish or 417.15ish or 416.89ish.

Double_Bagger said:

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Feeling bearish this week. Just a feeling at this point but planning to be cautious:

• OPEC+ failed to agree on oil production levels
• FOMC meeting minutes on Wednesday
• Another ransomware attack over the weekend

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I had a feeling

NQ new overnight lows, h pattern on 15min

DavysApprentice said:

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FJ43 said:

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ASAN.......let's be normal today.

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Can it get the 50 dollar July puts ITM??
Asking for a friend of course

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Really rough quick look at targets....

Double_Bagger said:

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Double_Bagger said:

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Feeling bearish this week. Just a feeling at this point but planning to be cautious:

• OPEC+ failed to agree on oil production levels
• FOMC meeting minutes on Wednesday
• Another ransomware attack over the weekend

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I had a feeling

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Delta variant madness