WWR seems like almost a goalpost trade now with these volume spikes

Bought a couple AMZN when it was $2200 area. Cha-ching, eventually.

Tell me y'all sold your CEI?

May be back to a tradeable point here though. A trade IMO but in and out.

The timing of AMZN announcement is interesting with Rivian earnings tomorrow. Amazon owns 158M shares. YTD they are down about $9.5B on paper

$30,000 Millionaire said:

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Of course CLXT moves when I dump it.

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Miss finger that one and the TexAgs filters would catch it..

Madmarttigan said:

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WWR seems like almost a goalpost trade now with these volume spikes

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several big dark pool buys on WWR today. some 8 mil and 10 mil (shares).

Not seeing any dark pools today on it. Someone did yolo 10k on April 5 calls though for 10 cents each.

OutlawAG04 said:

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BREwmaster said:

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Madmarttigan said:

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WWR seems like almost a goalpost trade now with these volume spikes

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several big dark pool buys on WWR today. some 8 mil and 10 mil (shares).

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Are you saying 18 mil total on dark pool? Aren't the outstanding shares at 35 mil total? Something seems off or I'm not understanding.

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I think he was kidding about the dark pool, but yesterday 11.6M shares traded and today 14.7M shares traded. That's roughly 75% of the outstanding volume trading over a 2-day period. Crazy. Likely a lot of people getting in and then selling when the rally stalled - then conversely a lot of shorts stalling the rally and tryin to cover later in the afternoon. So far the shorts have managed it, but there's always a chance they lose control one day soon.

Considering the heavy volume shorts have really managed to keep an impressive lid on it. Break 2.50 and that might change.

Someone commented the other night eating at Bob's in Dallas and it was packed to the brim.

Well, I'm in Philly tonight to look at a spinal robot and we had dinner at a nice spot here in downtown. Same situation….place was super busy and there are seemingly no ill effects of higher commodity prices/inflation, etc.

I mean, you aren't going to see it at the nice restaurants, you will see it at the cheap chains people can't afford anymore.

You are also still seeing some carefree expenditures post-covid. Weird dynamics in play.

Last night Bitcoin spiked suddenly and market rallied. Tonight Bitcoin dumps suddenly.

BrokeAssAggie said:

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US VICE-PRESIDENT HARRIS SAYS WE ARE PREPARED TO DEFEND EVERY INCH OF NATO TERRITORY

— *Walter Bloomberg (@DeItaone) March 10, 2022

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Anytime you want to take the same position about our southern border would be great.

BrokeAssAggie said:

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US VICE-PRESIDENT HARRIS SAYS WE ARE PREPARED TO DEFEND EVERY INCH OF NATO TERRITORY

— *Walter Bloomberg (@DeItaone) March 10, 2022

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well f***, back to being war mongers, lovely

Markets Reversing After Ukrainian Talks Fail..Inflation Concerns..Equities Lower

Overnight talks between the Ukraine and Russia failed, as we thought they would. Equities have given back some of their gains from yesterday. Treasuries are more concerned by the Fed and the expected 7.9% YOY CPI this morning... Some may look at potentially lower month over month, but given what oil has done in the last month, the news is old. Oil is up another 4% this morning...

So what is really going on with the markets?... And why the massive moves on what we perceive is not that big of news... Ukrainian situation is not going to change anytime soon, and looks to get worse... But the reality is that markets are very thin and liquidity is very poor in all markets... Options dealers have been "short gamma" or "short delta", according to Charlie McElligott of Nomura. At the end of Tuesday their delta exposure for S+P 500 products sat in the bottom .2 percentile, while the Nasdaq was the lowest since 2014... This meant that any rally or good news would create a massive short squeeze in equities... And that is what we saw...

Rates... Where are treasuries going?... Two years hit a recent high of 1.685 this morning... We have some support at 1.69, but that will easily give way to our next level of 1.81 this morning if there is a back up surprise on CPI... 5 years have support at their 2/10 high of 1.98... 10 years will struggle but should get back to the 2.05 level we saw recently... Then the question is where to go next... That will be determined by the Fed spin next week... We know they are going 25 , as WIRP is now at 1.07... But we do not know whether they go another 25 or 50 in May... Should be determined by the end result of Ukraine and what oil does...

Corporates...Dominated by the massive ATT deal yesterday of 30 billion... Orders were over 106 billion... This continues to show demand ... BUT CORPORATE SPREADS CONTINUE TO WIDEN...IG is out 2 today to 74, but their recent high is 78... We have mild support at 80 and then out to 100. HY is out to 389, from a wider 412.. Which is about what we were looking for... We drove down to Austin the last two days and listened to some podcasts as well as CNBC, Fox Business and BB... All good... But what we picked up is that Portfolio managers are not selling their credit positions, but hedging them with ETF puts... In HY the use HYG as well as JNK... Buying puts or shorting the index... Interesting

Global rates ..EGBS are getting crushed... 10 year Bunds have gone from Minus 10 basis to positive 30 as we speak... That is a 40 BASIS MOVE SINCE MARCH 4th... There is no liquidity, so pick your entry points and realize you are no longer dating positions but marrying them...

0.8% monthly inflation. Initial spike. Sometimes you fade the first move. Woo hoo. Let's cheer 10% inflation!!!!

Inflation up 7.9% YOY!

Hats off to uncle peepaw