big buys at the close on VXX and UVXY. VXX had a $10 mil buy, roughly 288k shares. Those are nothing compared to if a bigger pullback was incoming - we would have seen $100+ mil buys.
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Last: 25 min ago by El_duderino
AMC still ripping AH
I bought 6/15 VIX 19C last week on the lows and actually traded them today when they hit in the $1.90s. I 'think' I will be adding those to my trades when the price gets to certain ranges. Making 30% is ok but man if the volatility ever shoots way up those things move quick.BREwmaster said:
big buys at the close on VXX and UVXY. VXX had a $10 mil buy, roughly 288k shares. Those are nothing compared to if a bigger pullback was incoming - we would have seen $100+ mil buys.
I know not everyone pays much attention to VIX but, it has been instrumental in my SPY scalps alerting to potential direction change. I have a 1 Min chart dedicated to it on my SPY scalping window panel with alerts at levels.
good day hereFJ43 said:
How did we do today?
NIO (calls only)
X
PLTR
SWBI
- top 4
NIO was big winner
was gonna play the BIDU lotto, but it looked like i was late.
maybe I'll jump in on it tomorrow on a dip
no day trades today tho
SPY
I will be watching to see if we lose today's close and if so, my initial plan would be to play the downside into the gap (red area).
rippy rippy
i'm not sure why i found that video so funny, but goodness it cracked me up.
OIH and many energy stocks with cup and handle pattern. Probably not bad idea to diversify with energy if tech heavy.
So much for my AMC $20 puts
CrazyRichAggie said:
AMC still ripping AH
That face you make when you were selling cc's a few dollars OTM the week it started to run and was called out at $10.50 for it to do this...impeccable timing!!!
&ct=g
Vanguard bought 266,000+ shares of DPW today. Feels like the funds are going to continue to short this stock .
Farmer @ Johnsongrass, TX
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As conspiratorial as this may read, I think the AMC/Mudrick deal may be holding something back. AH trading of AMC tells me so.
I think tomorrow will be a half-moon shot. I read somewhere in the last 2 weeks that AMC would print a $100 to $120 in June and I gave that guess no chance of happening. Today, that dollar range may be a good guess.
I think tomorrow will be a half-moon shot. I read somewhere in the last 2 weeks that AMC would print a $100 to $120 in June and I gave that guess no chance of happening. Today, that dollar range may be a good guess.
Farmer @ Johnsongrass, TX said:
As conspiratorial as this may read, I think the AMC/Mudrick deal may be holding something back. AH trading of AMC tells me so.
I think tomorrow will be a half-moon shot. I read somewhere in the last 2 weeks that AMC would print a $100 to $120 in June and I gave that guess no chance of happening. Today, that dollar range may be a good guess.
Mudrick flipped that crap faster than a pancake. I would think that would happen closer to a top than a bottom?
Nice!FJ43 said:I bought 6/15 VIX 19C last week on the lows and actually traded them today when they hit in the $1.90s. I 'think' I will be adding those to my trades when the price gets to certain ranges. Making 30% is ok but man if the volatility ever shoots way up those things move quick.BREwmaster said:
big buys at the close on VXX and UVXY. VXX had a $10 mil buy, roughly 288k shares. Those are nothing compared to if a bigger pullback was incoming - we would have seen $100+ mil buys.
I know not everyone pays much attention to VIX but, it has been instrumental in my SPY scalps alerting to potential direction change. I have a 1 Min chart dedicated to it on my SPY scalping window panel with alerts at levels.
Yeah, that is brilliant! and I have noticed this. VIX gets pushed down, SPY runs, VIX starts to curl upward, into puts!
I have simplified things, and all I look at anymore is VIX, VXX and UVXY buying and SPY levels. I don't usually scalp though, I usually go with spreads out a few days. I have VXX spreads 6/11 expiration, green at the moment, those probably pay nicely tomorrow or Thursday.
Farmer @ Johnsongrass, TX
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Logically, yes.
Yet, why did AMC need Mudrick to sell shares to at $27.12 versus taking them to the market directly?
If this was a legit transaction, straight buy/sell, I think Mudrick makes the AMC CEO look foolish. As a shareholder, the AMC CEO left money on the table. And, no one is available for comment, from either side.
This transaction seems a bit odd to me.
They aren't lying about the transaction, but I think it's just short of the truth on what actually took place.
Yet, why did AMC need Mudrick to sell shares to at $27.12 versus taking them to the market directly?
If this was a legit transaction, straight buy/sell, I think Mudrick makes the AMC CEO look foolish. As a shareholder, the AMC CEO left money on the table. And, no one is available for comment, from either side.
This transaction seems a bit odd to me.
They aren't lying about the transaction, but I think it's just short of the truth on what actually took place.
Farmer @ Johnsongrass, TX said:
Logically, yes.
Yet, why did AMC need Mudrick to sell shares to at $27.12 versus taking them to the market directly?
If this was a legit transaction, straight buy/sell, I think Mudrick makes the AMC CEO look foolish. As a shareholder, the AMC CEO left money on the table. And, no one is available for comment, from either side.
This transaction seems a bit odd to me.
They aren't lying about the transaction, but I think it's just short of the truth on what actually took place.
Lord knows I've misfired on this AMC timing. I figured it was gonna subside starting Friday. To the moon Alice!
ClutchCityAg said:What would it take to invalidate your 4300 and 14000 targets?$30,000 Millionaire said:
SPX held the number it had to today (4200). I didn't make any trades today, buying or selling. Still in Google and SPX / NDX June monthly call verticals. I'm thinking 4300 target on SPX and 14000+ on NDX
Confirmed reversal
You don’t trade for money, you trade for freedom.
Farmer @ Johnsongrass, TX
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austin AG90 - Thank you for your Macros.
Calling my shots from the cheap seats.
Tapering starts Nov '21 or Feb '22.
Currently FED is buying $80B of U.S. Treasuries (UST) and $40B of Mortgaged Backed Securities (MBS) per month.
FED tapers at $10B UST and $5B MBS, per month. Program should end in 8 months but they'll find a way to make it last 12 months.
FED as a buyer of MBS have collapsed spreads to low levels. The FED removing itself should result in spreads widening. A signal to exit any mortgaged backed security...now.
I find the below information worth a chin rub.
As of March 2021, total treasuries held by foreigners was $7.03 Trillion, up $80B year-over-year.
Largest holder, Japan $1.24T
Then, China $1.10T
Largest purchaser of UST over last 12 months is The Federal Reserve and they own $5.06T/+$981B.
The Federal Reserve also owns MBS to the tune of $2.30T/+418B.
Find a chair, the music is winding down..
Calling my shots from the cheap seats.
Tapering starts Nov '21 or Feb '22.
Currently FED is buying $80B of U.S. Treasuries (UST) and $40B of Mortgaged Backed Securities (MBS) per month.
FED tapers at $10B UST and $5B MBS, per month. Program should end in 8 months but they'll find a way to make it last 12 months.
FED as a buyer of MBS have collapsed spreads to low levels. The FED removing itself should result in spreads widening. A signal to exit any mortgaged backed security...now.
I find the below information worth a chin rub.
As of March 2021, total treasuries held by foreigners was $7.03 Trillion, up $80B year-over-year.
Largest holder, Japan $1.24T
Then, China $1.10T
Largest purchaser of UST over last 12 months is The Federal Reserve and they own $5.06T/+$981B.
The Federal Reserve also owns MBS to the tune of $2.30T/+418B.
Find a chair, the music is winding down..
Farmer @ Johnsongrass, TX
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I mistimed this one more than I remember...a total mismanagement. But, I own 100 shares again today. If you're on the rocket, I'm there with you! To the moon!
Farmer @ Johnsongrass, TX said:
austin AG90 - Thank you for your Macros.
Calling my shots from the cheap seats.
Tapering starts Nov '21 or Feb '22.
Currently FED is buying $80B of U.S. Treasuries (UST) and $40B of Mortgaged Backed Securities (MBS) per month.
FED tapers at $10B UST and $5B MBS, per month. Program should end in 8 months but they'll find a way to make it last 12 months.
FED as a buyer of MBS have collapsed spreads to low levels. The FED removing itself should result in spreads widening. A signal to exit any mortgaged backed security...now.
I find the below information worth a chin rub.
As of March 2021, total treasuries held by foreigners was $7.03 Trillion, up $80B year-over-year.
Largest holder, Japan $1.24T
Then, China $1.10T
Largest purchaser of UST over last 12 months is The Federal Reserve and they own $5.06T/+$981B.
The Federal Reserve also owns MBS to the tune of $2.30T/+418B.
Find a chair, the music is winding down..
Eloquently written. Double blue stars to you sir.
What's the thought process on this? I would think Vanguard buying up lots of shares would be a positive thing.
Any thoughts on $UNFI. Looks to be in the midst of a squeeze on the daily, but also curious about other's tech analysis of the chart.
Bob Knights Paper Hands
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Who is this new farmer guy posting here these days? Just kidding, glad you've returned in force the last couple months.
Looks in a range bound pattern for ~ last 2 months
or a squeeze as you mentioned
- maybe look for scalps/ longs at the bottom of the range?
- or a breakout at ~ 40$
FWIW - just my 2 cents
ETA
sorry for messy charts
Farmer @ Johnsongrass, TX
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Thanks!
You know, the more and more I think about this stuff, which is 100% of the time (of course, unless I'm chasing my wife around the house) I think we'll get a technical pullback either from over bought conditions or inflation data or an unfavorable tax policy, or all 3. I am beginning to think once this technical pullback is complete, this market will march forward until until a war, a recession or something else interferes. I think we'll get a technical pullback pretty soon. I think $30K was pegging June. I'm cash ready. Remember, the Big Banks survey forecast is ending the calendar year in the 3800 to 4200 range and this survey forecast was released in early to mid-May.
Sorry for all the "I think" usage, but that's what me thinks.
You know, the more and more I think about this stuff, which is 100% of the time (of course, unless I'm chasing my wife around the house) I think we'll get a technical pullback either from over bought conditions or inflation data or an unfavorable tax policy, or all 3. I am beginning to think once this technical pullback is complete, this market will march forward until until a war, a recession or something else interferes. I think we'll get a technical pullback pretty soon. I think $30K was pegging June. I'm cash ready. Remember, the Big Banks survey forecast is ending the calendar year in the 3800 to 4200 range and this survey forecast was released in early to mid-May.
Sorry for all the "I think" usage, but that's what me thinks.
Farmer @ Johnsongrass, TX said:
austin AG90 - Thank you for your Macros.
Calling my shots from the cheap seats.
Tapering starts Nov '21 or Feb '22.
Currently FED is buying $80B of U.S. Treasuries (UST) and $40B of Mortgaged Backed Securities (MBS) per month.
FED tapers at $10B UST and $5B MBS, per month. Program should end in 8 months but they'll find a way to make it last 12 months.
FED as a buyer of MBS have collapsed spreads to low levels. The FED removing itself should result in spreads widening. A signal to exit any mortgaged backed security...now.
I find the below information worth a chin rub.
As of March 2021, total treasuries held by foreigners was $7.03 Trillion, up $80B year-over-year.
Largest holder, Japan $1.24T
Then, China $1.10T
Largest purchaser of UST over last 12 months is The Federal Reserve and they own $5.06T/+$981B.
The Federal Reserve also owns MBS to the tune of $2.30T/+418B.
Find a chair, the music is winding down..
Them not buying as much MBS is going to push investor spreads and interest rates up.
30k and yourself will be correct I think... (on a June pullback). Seasonal trends point to a June pullback. I'm also with you on a February dump and anything could be the excuse, hyper inflation, cold war 2.0, political, who knows.Farmer @ Johnsongrass, TX said:
Thanks!
You know, the more and more I think about this stuff, which is 100% of the time (of course, unless I'm chasing my wife around the house) I think we'll get a technical pullback either from over bought conditions or inflation data or an unfavorable tax policy, or all 3. I am beginning to think once this technical pullback is complete, this market will march forward until until a war, a recession or something else interferes. I think we'll get a technical pullback pretty soon. I think $30K was pegging June. I'm cash ready. Remember, the Big Banks survey forecast is ending the calendar year in the 3800 to 4200 range and this survey forecast was released in early to mid-May.
Sorry for all the "I think" usage, but that's what me thinks.
Summer trading near & as usual, its likely to be tricky
— Adam Mancini (@AdamMancini4) June 1, 2021
Seasonality suggests a good mid-June pullback, and confirming this is the fact #ES_F is 120 points away from my 4330 target (key trendline resistance from 2016). Bias will remain to buy dips after as long as daily trend= up https://t.co/vhgN36TnoV
Morning All.....
Your early morning snapshot....
Slightly red to flat. Overall trend still intact.
With VIX slightly higher and SKEW still about 150, my plan A is looking to downside plays and taking advantage of volatility on trades. We still have the gap between 415-418 that may need to be filled.
SPY I will be watching levels between 418.62, 418.20, 417.54, 416.36 and 414.40....all ish. 416.36ish is my personal must keep line as we've broken the 9 day uptrend. Around 411.04 is the uptrend reversal trendline back to 5/13. To the upside can we get back above 420.43 and hold it.
For me....just gonna relax, take it easy and be careful not to chase momentum on some things at the moment.
Trade wisely!
AMC ramping hard $42
BrokeAssAggie
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oopsie
$SKLZ will pay $150m in cash and stock for Aarki; expected to close in Q3'21$SKLZ will host a call & webcast at 8:30am ET today to discuss transaction
— YieldFanatic (@Yield_Fanatic) June 2, 2021
When everyone looks for the downside and pullback plays, downside is what we'll see. Market sentiment is deadly.
At what point do you short AMC?
When you decide you're mad at money. You really want to step in front of that train that brokerages have tight requirements on and you can get called out at anytime? Sounds like Russian roulette to me, hard pass.
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