because binance is illegal here? how stupid. (both that it's illegal and that you have to use a vpn to get around it). still very intriguing, not sure if it's the next doge, but if even in the same ballpark that would be some serious gains.Chickenman4 said:
You have to swap it for BNB on pancake swap and then send BNB to Binance and sell it there. It's a massive pain in the butt. Each time you send it somewhere you get penalized 10% of your portfolio. 5% gets burned and the other 5% gets redistributed to all the holders. If your in Texas you also have to use a VPN
Stock Markets
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Last: 14 min ago by Towns03
Farmer @ Johnsongrass, TX said:
https://www.marketwatch.com/story/bidens-american-families-plan-is-coming-whats-in-it-11618943914?mod=home-page(bold/italicized is mine for emphasis - only topic for this thread)Quote:
Cost of the plan and paying for it: The overall plan would spend around $1.5 trillion and would likely be paid for by tax increases, said Sarah Bianchi of Evercore ISI in a note on Tuesday. Politico reported that the administration is still working out details, but proposals on the table include raising the top marginal tax rate back to 39.6% and taxing capital gains as ordinary income above a certain threshold. Biden has pledged not to raise taxes on those earning below $400,000 a year.
If the "taxing capital gains as ordinary income above a certain threshold" comes to pass, DEPENDING on the threshold, this is bearish market news. Something to keep an eye on.
We are squarely in the politicians looting the treasury phase of the demise of an empire.
Anyone up for starting a community outside DFW of like minded individuals who believe in freedom and independence?
AG 2000' said:Farmer @ Johnsongrass, TX said:
https://www.marketwatch.com/story/bidens-american-families-plan-is-coming-whats-in-it-11618943914?mod=home-page(bold/italicized is mine for emphasis - only topic for this thread)Quote:
Cost of the plan and paying for it: The overall plan would spend around $1.5 trillion and would likely be paid for by tax increases, said Sarah Bianchi of Evercore ISI in a note on Tuesday. Politico reported that the administration is still working out details, but proposals on the table include raising the top marginal tax rate back to 39.6% and taxing capital gains as ordinary income above a certain threshold. Biden has pledged not to raise taxes on those earning below $400,000 a year.
If the "taxing capital gains as ordinary income above a certain threshold" comes to pass, DEPENDING on the threshold, this is bearish market news. Something to keep an eye on.
We are squarely in the politicians looting the treasury phase of the demise of an empire.
Anyone up for starting a community outside DFW of like minded individuals who believe in freedom and independence?
I would enjoy that. The wife and I are currently building north of DFW. Half our neighborhood is people moving from California.
My biotechs did alright today.
MBIO, CRSP, CBAY
There's that.
MBIO, CRSP, CBAY
There's that.
Morning Gents!
More or less flat early. More pullback? Sideways? Recapture 415 on SPY? Will Qs test 334.50ish again?
VIX is up last few days (slightly down early here) with SKEW dropping below 135 yesterday.
Trade wisely!
FWIW....
Read a tweet from Dan there was heavy put buying on IWM yesterday.
Looked at the charts and it closed below the 50 MA for the 2nd day in a row. MACD on a daily shows downward pressure and beginning to widen.
It tested the 215 support yesterday going back to Feb time frame. Quick look the next level down looks to be about 212.50s which happen to be the 100 day. After that 207 then 205 range as I see it.
DS
I know there is someone on the thread that is in this one so just checked it.
- Lost the 50 day yesterday for first time in a while.
- Support looks to be about 2.72 which will be the 100 day also but that is another 7% drop if you are trading it vs. long.
- MACD & SAR showing more downside pressure but RSI looking a bit in an oversold posture.
My guess is probably sees 2.72 before basing again or pivoting close to were the 3/12 heavy volume came in. If I was long I might be adding there if supported otherwise long term trend is between the 100 & 200 in the $2.40s.
.
CIDM
Buying a few trading shares here sitting at the $1.15 bid early premarket. Would like $1.10 and have an order sitting there as well.
looks like cathie bought another truckload of PLTR
I've wanted to for a while go back and look at her buys/sells with a spreadsheet analysis.sts7049 said:
looks like cathie bought another truckload of PLTR
Beginning to think her team is more trading that investing their plays. In and out over various time periods playing levels. After all their funds are actively managed funds.
May be wrong just a hunch.
Wednesday Macros
Treasury Rate/Range War Continues Until Fed Meeting...3 Mon Libor Record Low
The violent range bound trading continues... Overnight it was a narrow 1.56-1.58 range, with limited Japanese participation... According to recent reports Japanese are lukewarm to foreign bonds, treasuries included... Treasuries key levels to take out to move further down the yield curve are .78 5 years, 1.52 10 years and 2.21 long bonds... Relatively close... Yesterday 10 years first tried higher yields, moving to 1.63, before the weakness in equities sent them in the opposite direction... Meanwhile the very short end, 3 month libor, has set a historic record low print this morning, .17288
Equities... Mixed with Dow and S+P up marginally and Nasdaq lower, based on the weak Netflix numbers... The latter are probably consistent with more people getting back to normal and spending less time at home, which is good in the long run... Covid cases in the US, and now in Europe, seem to be improving, along with vaccinations, even though we see large vaccination facilities with plenty of excess capacity. We have been harping on the weakness of equities in the small cap sector... A colleague pointed out to us last night concerning the Russell 2000, that there is a neckline of potential head and shoulders top formation, which if broken in coming days would project a sharp sell off... The Russell 2000 futures are higher this morning
Corporate bonds and other spread product remain on fire... Yesterday between US IG and quasi sovereigns we saw 18 billion announced...US High Yield supply, where the term High Yield has become an oxymoron, is only 3.6 billion supply away from becoming the biggest April issuance ever. We see no near term issues curtailing demand for credit, even though we do see a major widening coming... But the good side of credit is in the latest Millman report on US pensions, where the funded status of the 100 largest corporate defined benefit pension plans rose ratio has now improved to 98.4%...meaning fully funded... Too bad some of our states could not manage their benefit plans as efficiently.
We presented our rate outlook to the Board of a Bank client of ours yesterday... We had made a similar presentation to their staff about a month ago... Our view has not changed... 2% 10 years this quarter and 1.25 5 years... Needless to say, rates have bounced back from when we last presented with 10 years improving from 1.75 to 1.55... And we took a respectful questioning from the board... We also believe inflation is here and is staying and the Fed will be forced to play catch up..Which Powell said so much in a letter to a Senator released yesterday. Economic numbers are showing the strength we expected with the potential to show 1 million plus non farm numbers over the next few months. Big moves in rates and markets happen around Fed meetings, with the Fed being the predominate mover of markets since the pandemic began... With the "all in" move on March 23, 2020... One can see the Fed moving slowly away from that move... We expect some give and take at the end of the Fed meeting next Wednesday... But we think the bigger moves start at the June meeting... If were always right, which we are not, no one would ever know our name as we would be trading by ourselves...
Treasury Rate/Range War Continues Until Fed Meeting...3 Mon Libor Record Low
The violent range bound trading continues... Overnight it was a narrow 1.56-1.58 range, with limited Japanese participation... According to recent reports Japanese are lukewarm to foreign bonds, treasuries included... Treasuries key levels to take out to move further down the yield curve are .78 5 years, 1.52 10 years and 2.21 long bonds... Relatively close... Yesterday 10 years first tried higher yields, moving to 1.63, before the weakness in equities sent them in the opposite direction... Meanwhile the very short end, 3 month libor, has set a historic record low print this morning, .17288
Equities... Mixed with Dow and S+P up marginally and Nasdaq lower, based on the weak Netflix numbers... The latter are probably consistent with more people getting back to normal and spending less time at home, which is good in the long run... Covid cases in the US, and now in Europe, seem to be improving, along with vaccinations, even though we see large vaccination facilities with plenty of excess capacity. We have been harping on the weakness of equities in the small cap sector... A colleague pointed out to us last night concerning the Russell 2000, that there is a neckline of potential head and shoulders top formation, which if broken in coming days would project a sharp sell off... The Russell 2000 futures are higher this morning
Corporate bonds and other spread product remain on fire... Yesterday between US IG and quasi sovereigns we saw 18 billion announced...US High Yield supply, where the term High Yield has become an oxymoron, is only 3.6 billion supply away from becoming the biggest April issuance ever. We see no near term issues curtailing demand for credit, even though we do see a major widening coming... But the good side of credit is in the latest Millman report on US pensions, where the funded status of the 100 largest corporate defined benefit pension plans rose ratio has now improved to 98.4%...meaning fully funded... Too bad some of our states could not manage their benefit plans as efficiently.
We presented our rate outlook to the Board of a Bank client of ours yesterday... We had made a similar presentation to their staff about a month ago... Our view has not changed... 2% 10 years this quarter and 1.25 5 years... Needless to say, rates have bounced back from when we last presented with 10 years improving from 1.75 to 1.55... And we took a respectful questioning from the board... We also believe inflation is here and is staying and the Fed will be forced to play catch up..Which Powell said so much in a letter to a Senator released yesterday. Economic numbers are showing the strength we expected with the potential to show 1 million plus non farm numbers over the next few months. Big moves in rates and markets happen around Fed meetings, with the Fed being the predominate mover of markets since the pandemic began... With the "all in" move on March 23, 2020... One can see the Fed moving slowly away from that move... We expect some give and take at the end of the Fed meeting next Wednesday... But we think the bigger moves start at the June meeting... If were always right, which we are not, no one would ever know our name as we would be trading by ourselves...
Don't say I never give y'all anything...
Quote:
We have been harping on the weakness of equities in the small cap sector... A colleague pointed out to us last night concerning the Russell 2000, that there is a neckline of potential head and shoulders top formation, which if broken in coming days would project a sharp sell off... The Russell 2000 futures are higher this morning
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,965
How long do you want to ignore this user?
Never! You gave us those feather razors for Christmas that one year.Irish 2.0 said:
Don't say I never give y'all anything...
Also see my note above on IWM levels and pressure.ibdm98 said:Quote:
We have been harping on the weakness of equities in the small cap sector... A colleague pointed out to us last night concerning the Russell 2000, that there is a neckline of potential head and shoulders top formation, which if broken in coming days would project a sharp sell off... The Russell 2000 futures are higher this morning
I can tell you based on todays premarket again that barring some sort of individual rallies today, it wont be a pretty day. Extremely close to be time to start cutting bait and buying beer.ibdm98 said:Quote:
We have been harping on the weakness of equities in the small cap sector... A colleague pointed out to us last night concerning the Russell 2000, that there is a neckline of potential head and shoulders top formation, which if broken in coming days would project a sharp sell off... The Russell 2000 futures are higher this morning
What would be good targets for IWM puts?
FJ43 said:Also see my note above on IWM levels and pressure.ibdm98 said:Quote:
We have been harping on the weakness of equities in the small cap sector... A colleague pointed out to us last night concerning the Russell 2000, that there is a neckline of potential head and shoulders top formation, which if broken in coming days would project a sharp sell off... The Russell 2000 futures are higher this morning
So stop loss on IWM at 200 to protect drop to near 150?
This is just what I see. Not that it will happen this way.AG 2000' said:
What would be good targets for IWM puts?
It tested the 215 support yesterday going back to Feb time frame. Quick look the next level down looks to be about 212.50s which happen to be the 100 day. After that 207 then 205 range as I see it.
Well ROKU taking a *****
SNDL heading for .80 maybe below.
Filled my $1.12 double order on the open. Pinged it just right.FJ43 said:
CIDM
Buying a few trading shares here sitting at the $1.15 bid early premarket. Would like $1.10 and have an order sitting there as well.
Let's see if $PLTR gets rejected off the 5-day SMA again today or if it can take it out.
NKE - Can it fill back to $132?
Candles on LUV
SKLZ trying to break out.
REI
I took it off the table premarket in the $1,90s. My cost basis was $1.60.
Lost through 50 day MAs and pinging the 100 day. Plan to be safe the next few weeks on these plays. I will buy back with support confirmed.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,965
How long do you want to ignore this user?
You can also go the other way and buy SRTY shares or calls. I bought 5 May spreads of 11/13 and wish I'd bought more.AG 2000' said:
What would be good targets for IWM puts?
FJ...you still in the NGL play?FJ43 said:
REI
I took it off the table premarket in the $1,90s. My cost basis was $1.60.
Lost through 50 day MAs and pinging the 100 day. Plan to be safe the next few weeks on these plays. I will buy back with support confirmed.
Mother****er
Well, for anyone still holding CLOV, I suppose we shall find out if it's truly bottomed out at 7 cause that's where we're headed in a hurry. No bottom it seems.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,965
How long do you want to ignore this user?
And just like that everything is green again and VIX is dropping. Emotional. Roller. Coaster.
DNN with some nice 1 min volume
CLOV is my ride or die this year. I have faith in the Clinton'sLa Bamba said:
Well, for anyone still holding CLOV, I suppose we shall find out if it's truly bottomed out at 7 cause that's where we're headed in a hurry. No bottom it seems.
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