I'm impressed you see such bullish potential here. It literally has not made one higher high since making ATH.

Moreover, it's still almost 50% away from its preceding recent high (around $27).

MARA, love the move but come back to me a little.

$30,000 Millionaire said:

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looks like a snooze fest today waiting for CPI.

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Good, because I'm in court all day

Blast from the past. Something happening at ELOX? I sold my shares quite a while back.

Lol, or jury duty?

Boy Named Sue said:

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$30,000 Millionaire said:

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looks like a snooze fest today waiting for CPI.

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Good, because I'm in court all day

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Sued Sue sues during snooze

Oa's june 16 qqq puts worked well for me a week or so ago. I held 299s for less than a week and made 20%. Starting to ease into 300s now

Puke and rally?

Looks like Tesla dropped spy but it's already recovering

VIX is dropping today and SKEW staying at bay for now.

Other interesting moves today include the DXY rallying further, breaking out of the bullish falling wedge. I guess rumors of the demise of the US Dollar are for now on hold. What's curious is the market is rallying with it today. They are usually inversed.

Bond yields are up slightly with 3 mo bond now at 5.034%. Not a terrible place to park some money for a minute. I have some money coming open next month and will likely put money in that if it's still high next month.

But like 30K, after this week, my outlook is extremely bearish, but need to see confirmation that market doesn't break the Feb high.

Closed on $SPX calls for 18% and opened a single $SPX4100 put

Lost a good amount holding on to puts and getting out when spy kept hitting 411 just for it to tank when I sell.

Dang, meltdown. Nobody wants to hold for tomorrow?

Closed the $SPX 4100 put for 14%. Got nervous before today's close and tomorrows action
(single put)

Nice trades!

Charismatic Megafauna said:

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Nice trades!

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Thx! Well needed after losing BIG at last expiry.

Tricky ass close. That drop at the end invalidates it as a wave 4. So either crash wave is on from here as wave 5 is done, or it's a continuation of wave 3 and we move higher. It's closing in middle of bollinger band on daily and in middle of the channel.

Best thing to do when it's not clear is to wait! Plenty of money to be made from here but no point rolling dice. Option spreads are an option here OTM in both directions but I had clinic and couldn't get orders in. I'll wait for direction.

Brian Earl Spilner said:

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So you're saying it goes either up, down, or sideways from here?

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Lol Touche. Last two days have been fairly predictable IMO, but direction unclear so far.

I came up with a 415.04 someway or another this morning, but your number seems reasonable. In the 415-418 range, I'll start adding to a short position on SPY. Stop loss above early Feb high.

Avg number of advances in this current uptrend is 6-7 with drawdowns lasting 2-3 sessions on avg. if trend holds, we should advance/consolidate for another 2-4 sessions.

Anyone here watching CNHI?

has recovered a bit this week, but still below MT

Quote:

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This just hit model-T at 14.80. June 15c going for 70-75cents. (not a ton of volume, but has decent OI at 5k)

OA this still a decent play with macros starting to waffle?

If there was endless hours to find gap fill stocks we'd make even more. $CNHI perfectly flash filled the gap and made its initial move higher. Reached Model T and the MACD signal lines have crossed into bullish reversal. Placed an alert at $14.80 and if we get it I'll action pic.twitter.com/USw75L34eu

— Disciplined Trading (@oldarmy1) March 31, 2023

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Hasn't aged well

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It must be the 9.2 PE Ratio or the $1.49 EPS
It was actually the news of a $600M debt offering. Successful too. I bought shares, not being in a hurry with a down market.

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irish pete ag06 said:

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Heineken-Ashi said:

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Long auto insurance stocks

Car insurance rates to rise 8.4% in 2023: Report - ABC News (go.com)

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I can provide some real insight here.

Insurance companies got smoked last year (apparently one major carrier lost $ on their investments for the first time in their history). So yes they are going to use this opportunity to raise rates.

If the market has also recovered quite a bit by the end of 2023 then you will see some major profits in this year.

Take a look at Chubb (CB)



Steady uptrend. Not many stocks have a chart like this since the COVID crash.


Also if you have a high earner, you should definitely look at Chubb for insuring your stuff. You are their targe market and they really differentiate themselves in this segment. I would gladly look at it for you (shameless plug), but our home/auto insurance division is not up and running yet (still got hoops and a little red tape to clear)

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I think now is a good time to long CB.

US MARCH CORE CONSUMER PRICES RISE 0.4% M/M; EST. 0.4%

US MARCH CORE CONSUMER PRICES RISE 5.6% Y/Y%; EST. 5.6%

US MARCH CONSUMER PRICES RISE 5.0% Y/Y; EST. 5.1%

— *Walter Bloomberg (@DeItaone) April 12, 2023

SF2004 said:

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AgCPA95 said:

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US MARCH CORE CONSUMER PRICES RISE 0.4% M/M; EST. 0.4%

US MARCH CORE CONSUMER PRICES RISE 5.6% Y/Y%; EST. 5.6%

US MARCH CONSUMER PRICES RISE 5.0% Y/Y; EST. 5.1%

— *Walter Bloomberg (@DeItaone) April 12, 2023

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They even cooked the books by changing the calculation.

This ain't good but once again the scam markets pump.

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How did they change the calcs? Cut out everything but cost of air to breathe?

JD looks like a good spot to buy, stop/loss at $35

Charismatic Megafauna said:

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Oa's june 16 qqq puts worked well for me a week or so ago. I held 299s for less than a week and made 20%. Starting to ease into 300s now

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Grabbed another for 5.85

What the heck just happened? Everything bombing.