Stock Markets
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Last: 2 hrs ago by FishrCoAg
RenoAg said:
That dogerocket overnight. At .52 now. Unreal.
I bought in last summer at .001754 and sold at the .05 spike earlier this year. Made a tidy profit but at this point could have been set for a long long time
Tomas Hermensa said:$30,000 Millionaire said:
I haven't gotten any letters yet on WWR.
Maybe you don't own enough bags.
Plenty of bags. I'll keep an eye out. We get a lot of junk mail
You don’t trade for money, you trade for freedom.
Farmer @ Johnsongrass, TX
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They were hired as an agent or representative for WWR. Basically, it's a Call Center somewhere as I could hear some muffled conversations about the same sort of conversations with others. Not sure what country they're working in, but for the last year, all my customer service calls were going to at-home employees (because we would talk about it - dog barking, kid crying, microwave beeping, etc.). The Rep asked my last name and zip code. After a few seconds, she replied with my full name and street address. Call is recorded. Number was 855-600-8107. I pulled the number off my phone. The letter, well it got shredded. I don't keep a lot of stuff I feel unimportant because I keep too much crap that I think is important. If my basement caught fire, it'd burn for a month because of paper files of important crap. Just bein' honest..
Do any of y'all adjust your stop loss to let negative news flush? Example PLUG options with current stop at $0.8. Up until yesterday the chart looked like these would cash in no problem.
Do you consider adjusting the stop down a few cents to see if it can absorb the news and bounce? Or let the stops hit and reevaluate and maybe re-buy for a later expiration date?
Do you consider adjusting the stop down a few cents to see if it can absorb the news and bounce? Or let the stops hit and reevaluate and maybe re-buy for a later expiration date?
Tuesday Macros
Rates Marginally Wider...Equities Rotation Continues....Trends Developing
Rates started higher yesterday only to be surprised by the economic numbers. 10 year hit 1.65 then rallied to resistance at 1.58 and could not break... They then ground higher in yield... This morning we moved higher in yield and now moving back to 1.60... So where is the trend?... Treasury announced that the estimate for issuance in the second quarter is now 463 billion, over 4 x the original estimate of 95 billion... But the range remains... What we are seeing in Bunds is more interesting... The ECB is changing their view of where Bunds can go, which will allow the 10 year Bund to grind back to a positive number... 30 year Bunds hit .37 positive and remain around .35.. Global interest rates are rising... Now what are treasuries going to do?... We still think higher rates are in the cards, but we were challenged yesterday in our own internal meeting... We like to be challenged, it keeps us fresh and makes markets.. 2% 10 years are still a long way away , but multiple 1 mm plus non farm payroll numbers may get us there.
Equities are mixed this morning with Dow and S+P doing little and Nasdaq continuing to leak further. Flows continue away from the Faang and high tech stocks as value and small caps, the reopening equity trade, continues to make ground... How far will it go? States seem to be jumping over themselves to reopen their economies... Texas was one of the first, and their revenues are skyrocketing...Florida took off the gloves yesterday and Cuomo, along with the other tri-state governors, is trying to beat Deblasio to the punch, reopening further and sooner... GS said their offices will be open in June and the NY Stock exchange has said if you are vaccinated, you can come to the floor...this trend is accelerating... Will it lead to higher rates?..you know our view.
Commodities are higher...gas is up 10 cents over the weekend...Sugar is higher as Honors Commodity, backed by the Chinese government, took delivery of 61000 tons of raw sugar to settle the expiration of futures contracts on Ice Futures. The tapping of the Exchange to obtain physical quantities surprised traders.. Look for this trend to continue to other products as global shortages and supply chain disruptions continue.
New issue corporates had a good day yesterday with over 9 billion coming to markets... Almost as much as the full week last week...order books were 3.8 times oversubscribed.. Offerings moved 26 basis from IPT (initial price talk) and new issue concessions were negative by almost 4 basis.. Demand is there, and that remains a good thing.
FT has an interesting story where banks are now trying to discourage large corporate clients from depositing cash... Both Citi and JPM are trying to get corporations to stop depositing money and go into money market accounts... This is because of the change in the SLR percentages at the end of March... https://on.ft.com/3vILjV9 crazy when you are forced to turn away your bread and butter by changes in government regulation... Too much money
WSJ editorial board writes that there is a lot less money to be found by targeting wealthy tax avoiders than the Biden administration thinks... And is probably a way to appease the left (our view). Estimates of an annual tax gap of 175 billion are based on outdated and incomplete data (WSJ)..
Kaplan speaks today... He has been the most outspoken of the Fed governors calling for tapering talk to start sooner rather than later... Either way we do not see a major catalyst to move markets today, and the range bound activity continues... But we sense a trend developing, so we will see...
Rates Marginally Wider...Equities Rotation Continues....Trends Developing
Rates started higher yesterday only to be surprised by the economic numbers. 10 year hit 1.65 then rallied to resistance at 1.58 and could not break... They then ground higher in yield... This morning we moved higher in yield and now moving back to 1.60... So where is the trend?... Treasury announced that the estimate for issuance in the second quarter is now 463 billion, over 4 x the original estimate of 95 billion... But the range remains... What we are seeing in Bunds is more interesting... The ECB is changing their view of where Bunds can go, which will allow the 10 year Bund to grind back to a positive number... 30 year Bunds hit .37 positive and remain around .35.. Global interest rates are rising... Now what are treasuries going to do?... We still think higher rates are in the cards, but we were challenged yesterday in our own internal meeting... We like to be challenged, it keeps us fresh and makes markets.. 2% 10 years are still a long way away , but multiple 1 mm plus non farm payroll numbers may get us there.
Equities are mixed this morning with Dow and S+P doing little and Nasdaq continuing to leak further. Flows continue away from the Faang and high tech stocks as value and small caps, the reopening equity trade, continues to make ground... How far will it go? States seem to be jumping over themselves to reopen their economies... Texas was one of the first, and their revenues are skyrocketing...Florida took off the gloves yesterday and Cuomo, along with the other tri-state governors, is trying to beat Deblasio to the punch, reopening further and sooner... GS said their offices will be open in June and the NY Stock exchange has said if you are vaccinated, you can come to the floor...this trend is accelerating... Will it lead to higher rates?..you know our view.
Commodities are higher...gas is up 10 cents over the weekend...Sugar is higher as Honors Commodity, backed by the Chinese government, took delivery of 61000 tons of raw sugar to settle the expiration of futures contracts on Ice Futures. The tapping of the Exchange to obtain physical quantities surprised traders.. Look for this trend to continue to other products as global shortages and supply chain disruptions continue.
New issue corporates had a good day yesterday with over 9 billion coming to markets... Almost as much as the full week last week...order books were 3.8 times oversubscribed.. Offerings moved 26 basis from IPT (initial price talk) and new issue concessions were negative by almost 4 basis.. Demand is there, and that remains a good thing.
FT has an interesting story where banks are now trying to discourage large corporate clients from depositing cash... Both Citi and JPM are trying to get corporations to stop depositing money and go into money market accounts... This is because of the change in the SLR percentages at the end of March... https://on.ft.com/3vILjV9 crazy when you are forced to turn away your bread and butter by changes in government regulation... Too much money
WSJ editorial board writes that there is a lot less money to be found by targeting wealthy tax avoiders than the Biden administration thinks... And is probably a way to appease the left (our view). Estimates of an annual tax gap of 175 billion are based on outdated and incomplete data (WSJ)..
Kaplan speaks today... He has been the most outspoken of the Fed governors calling for tapering talk to start sooner rather than later... Either way we do not see a major catalyst to move markets today, and the range bound activity continues... But we sense a trend developing, so we will see...
Go away in May looks to be kicking off. OA sounded the battle cry in ****ter.
Can someone explain puts? I figure they are essentially the same as calls but used when momentum is in a pullback or downtrend. However puts seem to be harder to play. I think I'm doing it wrong though.
Can someone explain puts? I figure they are essentially the same as calls but used when momentum is in a pullback or downtrend. However puts seem to be harder to play. I think I'm doing it wrong though.
Everyone bearish and feeling sad about themselves?
You don’t trade for money, you trade for freedom.
No. Working to trade what's in front of me. Nothing more.
Nope, but am going to look to pare back on some of these stocks that have been really strong and then see if I can re-enter in coming weeks/months$30,000 Millionaire said:
Everyone bearish and feeling sad about themselves?
I am going to watch PLUG closely today. If it doesn't have a little bounce back I will probably exit my calls.jimbo9821 said:
Do any of y'all adjust your stop loss to let negative news flush? Example PLUG options with current stop at $0.8. Up until yesterday the chart looked like these would cash in no problem.
Do you consider adjusting the stop down a few cents to see if it can absorb the news and bounce? Or let the stops hit and reevaluate and maybe re-buy for a later expiration date?
X NIO and SSRM charts still look good to me. Might jump ship on MOS too, just saw it's falling pretty hard.
SDC, I should have quit you when you left the channel. I was not aware they had a recent cyber attack that will be costing them significantly.
PRPO
trying to make another run
- halted!
trying to make another run
- halted!
I just bailed on the PLUG and MOS calls. I am trying the Redler approach. Drops well below the 8/21 day MA averages then it's time to get out.
resumedjimmo said:
PRPO
trying to make another run
- halted!
- up to 8.37
- halted again
blood....blood everywhere
X holding up nicely!Ranger222 said:
blood....blood everywhere
If SPX breaks 4140 look out below
Hmm, what do we scoop for a trade?
SNDL - 0.80
MBO - 3.05
WWR - 4.06
CLOV - 8.79
SDC - 9.02
SNDL - 0.80
MBO - 3.05
WWR - 4.06
CLOV - 8.79
SDC - 9.02
Charismatic Megafauna
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AG
$30,000 Millionaire said:
Everyone bearish and feeling sad about themselves?
Bailing on spy calls, buying mvis june call spreads
Did I miss something?
Ferris Wheel Allstar
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AG
stock markets is grieving over the Gates divorce newsBrian Earl Spilner said:
Did I miss something?
(jk)
is it against our religion to buy some TSLA puts?
Massive bear flag forming
Massive bear flag forming
I was a day early.McInnis 03 said:
Tech puke coming?
If you are like me, you are missing about 6% of your account balance since opening bell.Brian Earl Spilner said:
Did I miss something?
ES 4140 hisotorically had some staying power, we're here....let's watch.
What is the resistance for Clov? I have quite a bit in calls and they're getting clobbered
Who was it that was asking if DPW was for real this time?
Hint: It's a **** company.
Hint: It's a **** company.
How low's she gonna go, I guess is the million dollar question? Trying to cash-in my end of the week $415 SPY puts.mazag08 said:
If SPX breaks 4140 look out below
QQQ puts paying huge, but ugly red on everything else
Sheesh. These are the days I personally sit out. Over time I've realized I am awful at shorting because I have a permabull mentality. I can read the levels, just can't click the mouse. I've been in all cash since last week when I had to start doing a little travel again. Looks like next stop for the QQQ is 328.8ish
Freaking 8x bagger on that 570p that I didn't swing.McInnis 03 said:
If Tech gets sold here this week, NVDA seems to have a LOT of room to the downside after two inside weeks.....
3900-4000 region, then back up and heading to 4300.Fireman said:How low's she gonna go, I guess is the million dollar question? Trying to cash-in my end of the week $415 SPY puts.mazag08 said:
If SPX breaks 4140 look out below
Looks like May might win again. Let's see.
VEON is up at 1.83. Ugly chick at the prom lookin aight around now eh?
Nobody else still in $CWH? That's all I'm watching today.
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