UNFI right in buy territory (low 11.60's), has to hold this trend line though.
Stock Markets
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Last: 2 hrs ago by EliteZags
That's been discussed ad nauseam on other threads. I'm not sure cluttering the stock thread with that debate makes sense.
Read Layered Money if you're seriously interested in understanding why people think BTC is valuable.
Read Layered Money if you're seriously interested in understanding why people think BTC is valuable.
“There is no red.
There is no blue.
There is the state.
And there is you.”
“As government expands, Liberty contracts” - R. Reagan
There is no blue.
There is the state.
And there is you.”
“As government expands, Liberty contracts” - R. Reagan
It's backed by confidence in it, same as the dollar.Brewmaster said:
what is bitcoin backed by though? if it were backed by a hard asset like gold, I'd have more belief in it. For the record, I'm equally bearish on the dollar, currently backed by air.
The difference is that it has a limited supply, anyone can buy or sell it across ALL borders, and all transactions are fully transparent.
People in third world countries are using BTC to break away from the hold that the US and EU have over their local currencies. They can't do that with gold and silver, and certainly not financial instruments. When the US enacts monetary policy, countries reliant on our dollars are the first to be devalued. But if people are keeping their wealth in BTC, the only thing that affects them is BTC.
Now.. it is absolutely open to market sentiment like anything else that's widely trading hands. It WILL go down again, maybe even a lot.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
Officially not trading FOMC.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
fade it
Holy crap
3 cuts expected and everything melts up
My TNA dip buys looking mighty fine right now.
Can still be faded. Need 5205 to get blasted through, then 5220.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
Did the agenda or something get leaked?
EnronAg said:
fade it
It's the same story every time.
Announcement is always at 1pm CT, followed by Powell blabber at 1:30EngrAg14 said:
Did the agenda or something get leaked?
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
If S&P can close at 5120 today we will have an ugly bearish engulfing candle. Something to watch.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
Powell will run his mouth sounding way too dovish and send to ATH...
1 min candles suggest this moves higher. But I don't normally rely on 1mins
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
Still fade?
Still sidelines for meBrian Earl Spilner said:
Still fade?
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
correct me if I'm wrong, but I think the market has melted up during his speech and Q&A over the past year or so...
SPY flipped and respecting the 50 ema and vwap as support now on the 5 minute
Serious tug of war going on.
Bulls pulling away...
Lift off
6000 by the election, LOL
UNFI - I added some in the 11.80's. some bigger buys came in. and as long as we hold that trend line around 11.55, all good.
SNOW - now has good volume on the Apr 200C's. 12,000+ OI
UNFI - I added some in the 11.80's. some bigger buys came in. and as long as we hold that trend line around 11.55, all good.
SNOW - now has good volume on the Apr 200C's. 12,000+ OI
Powell Q&A is laying the groundwork for a June rate cut despite higher inflation and despite strong job and wage growth.
Incredible
Incredible
Fib extension 100% target for POWL is right there at our $120 level
TSLA April puts I sold at $160 for $9.00 can be bought back for 40% of value. Think I will hold though.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
I promise you, only way they cut is if treasury rates break lower.. think 10y under 3.5%.Bonfire.1996 said:
Powell Q&A is laying the groundwork for a June rate cut despite higher inflation and despite strong job and wage growth.
Incredible
Until then, its more one month one side of mouth next month the other side.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
Heineken.... Big Lots is curling back up. Is it back in play in your opinion? It up 8.7% on relatively low volume so far today.
Off my radar. Quick glance, you could play for $6. Stop below recent bottom.Ccutamu said:
Heineken.... Big Lots is curling back up. Is it back in play in your opinion? It up 8.7% on relatively low volume so far today.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
Thanks.Heineken-Ashi said:Off my radar. Quick glance, you could play for $6. Stop below recent bottom.Ccutamu said:
Heineken.... Big Lots is curling back up. Is it back in play in your opinion? It up 8.7% on relatively low volume so far today.
Heineken-Ashi said:
If S&P can close at 5120 today we will have an ugly bearish engulfing candle. Something to watch.
Are these chart formations self fulfilling prophecies because everyone watching them puts merit into them and acts accordingly or is there some natural order or statistical reason they exist, or a little of both?
More just pattern recognition. It obviously didn't happen.jamey said:Heineken-Ashi said:
If S&P can close at 5120 today we will have an ugly bearish engulfing candle. Something to watch.
Are these chart formations self fulfilling prophecies because everyone watching them puts merit into them and acts accordingly or is there some natural order or statistical reason they exist, or a little of both?
A bearish engulfing candle is not a guarantee. But more times than not, a daily candle that completely overtakes the open and close of the previous day and finishing below the previous days close is a strong sign of exhaustion and trend reversal. It's a thing because it's commonly been a thing. Nothing more.
I do not think anything is self-fulfilling. Markets are made of a wide array of sentiment. Sentiment is trackable to an extent. But it will almost always act in what appears to be an irrational way. In the end, if you think the market is being irrational, it is you who have identified the wrong pattern and are yourself being irrational.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
URA, stop can be moved to $27.50. If bullish, it truly shouldn't see lower than $28.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)
Nice call on URA, Heineken. Appreciate you sharing your insights with us!
I'm not in it but it appears $MU crushed earnings.
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