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Bob Knights Paper Hands
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In reply to DallasAg2 • 11:20p, 6/14/21
DallasAg2 said:
BREwmaster said:
bwhahaha... this is greatness. OA's twitter this afternoon with ELOX short taunting and this:



So, why do covered calls in ELOX if you think it going up? Your gains are not as much. I know you never know when the stock will go up but I have not gained as much several times selling the covered calls. Thanks!
In this case we bought our shares around $1.50 and covered a portion of those for $0.75 - $0.90 at a $2.50 strike. If I covered half my shares with a $0.75 call then my net price is $1.125/share. If I sell half of those for $2.50 when I get called out that's over 200% gain from my net investment from those shares that got called out and the others would gain more. Sure that might be less than if it moons to $3 and we didn't sell calls, but what happens if it didn't move or if it went down a little? Instead of simply holding shares with a $1.50 cost to me, I have a little bit of buffer before I'm in the red. It's just a way to limit risk or volatility of your investments but still set yourself up for hefty gains if it works out.
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FJ43
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3:47a, 6/15/21

Mornun...

Well new ATH premarket.....

You're morning snapshot....



Slight gap ups on SPY and Qs.
SKEW don't know what to say at 160.64

FOMC tomorrow, OpEx Friday so be aware of volatility on expirations this week. Take it while its green before it isn't IMO.

Until then, trade the uptrend until we don't I guess. I will be trimming more into cash each day this week in my main accounts and only selective adds. Scalping test account rinse and repeat for me.

Me looking at gap ups at ATH already....



Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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3:57a, 6/15/21

CIDM

Maybe keep an eye on this if you are in it.

We didn't lose the downtrend break this round even on lower volume....so far.

The overall downtrend line goes back to early 2020 so we may not be too far from seeing an attempt at breaking that....again.

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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4:52a, 6/15/21
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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gougler08
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In reply to FJ43 • 6:02a, 6/15/21
AG
FJ43 said:

Mornun...

Well new ATH premarket.....

You're morning snapshot....



Slight gap ups on SPY and Qs.
SKEW don't know what to say at 160.64

FOMC tomorrow, OpEx Friday so be aware of volatility on expirations this week. Take it while its green before it isn't IMO.

Until then, trade the uptrend until we don't I guess. I will be trimming more into cash each day this week in my main accounts and only selective adds. Scalping test account rinse and repeat for me.

Me looking at gap ups at ATH already....



Trade wisely!


Nice to wake up to
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ProgN
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6:04a, 6/15/21
Dimon says JPMorgan hoarding cash because 'very good chance' inflation will stay

https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
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LatinAggie1997
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In reply to FJ43 • 6:05a, 6/15/21
AG
FJ43 said:


$100 says it will be closer to 12% by late 2024 just in time for next BTC halving.
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LatinAggie1997
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6:08a, 6/15/21
AG
Some companies get ti and are public about it. Most get it now and are quiet. Some don't get it and still look for Blockbuster to rent Beta videos.

https://cryptobriefing.com/microstrategy-plans-1b-stock-offering-bitcoin/
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Esteban du Plantier
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In reply to ProgN • 6:10a, 6/15/21
AG
Prognightmare said:
Dimon says JPMorgan hoarding cash because 'very good chance' inflation will stay

https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard


Wouldn't you want anything BUT cash if you're concerned with inflation?
.
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ProgN
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In reply to Esteban du Plantier • 6:13a, 6/15/21
According to the article the cash buildup is because they've scaled back buying US treasuries. Why buy treasures now when you can buy more of them later with higher yields?
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Red Pear Luke (BCS)
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In reply to ProgN • 6:17a, 6/15/21
Sponsor
AG
Prognightmare said:
According to the article the cash buildup is because they've scaled back buying US treasuries. Why buy treasures now when you can buy more of them later with higher yields?
This is correct. Jamie is essentially looking at it like this....

"Why would I make $500B worth of loans at 3.0 - 3.5% Interest, when in 6 months with inflation, I can make loans at 4.5-5% Interest?"

JPM is very active and protective with using their book for lending. They aren't as fee driven on origination or turnover, but they want those mortgage/interest checks coming directly to them every month. If he doesn't want the book saddled with lower yielding debt in a raising rate environment, he's going to build the pile of cash to do so.
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Esteban du Plantier
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In reply to ProgN • 6:18a, 6/15/21
AG
Maybe they should go long on some of that billion ounces of silver they're shorting.
.
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FJ43
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6:27a, 6/15/21

Ummmmm

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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McInnis 03
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In reply to FJ43 • 6:31a, 6/15/21
AG
FJ43 said:

Ummmmm



I love him how tic loves him
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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ProgN
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In reply to FJ43 • 6:33a, 6/15/21
FJ43 said:

Ummmmm

Why do I feel like Forrest Gump every time I read his tweets?
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ProgN
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6:35a, 6/15/21
Looks like the kids are WISHing on a star this morning.
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Fairfield_Ag
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In reply to Brewmaster • 7:02a, 6/15/21
AG
That does help Brew, thanks for your input. Sound advice.
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Saltyag15
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In reply to ProgN • 7:02a, 6/15/21
AG
I see what you did there.

It's had a hellacious last two days.
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mazag08
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7:03a, 6/15/21
AG
I posted this yesterday but don't think many saw it. Read all the way for where he thinks both the micro count and macro count market is moving. Plan accordingly and don't lose your focus through the noise.

https://seekingalpha.com/article/4434530-sentiment-speaks-inflation-is-for-fools
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TexasAg2017
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7:14a, 6/15/21
AG
Regarding $ELOX, it feels weird being into a stock before the initial move like OA mentioned. Much better feeling than trying to chase though!
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austinAG90
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7:17a, 6/15/21
AG
Tuesday Macros

Treasuries Back Off Yesterday Brought Levels Back Above Breakout

Overnight treasuries stayed in a range of 2 basis points, rallying to 1.48 before the placing of the large European issue... But the 1.49 level is holding in... We think that with the Fed meeting starting today with the announcement and presser tomorrow, the ranges should be muted... Famous last words...PPI at an expected year over year of 6.2% still seems very high to us or treasuries very low... High inflation should bring higher rates, it is all not transitory.. The WSJ editorial today blasts the Fed to get on with tapering and the removal of emergency measures, suggesting the ending of mortgage buying...

Before yesterday 10 years had rallied 13 of the last 17 days... Momentum players switched sides and flushed out shorts and reflation trades... But they did not just go to neutral, they went relatively long... They themselves got caught off-sides with some of the major bond strategists going negative over the weekend... If the bull flattening rally was real versus technical, 10 years should have staid below 1.47 and 5 years below .775... They are both above that now, albeit marginally... We think the new trend starts with tomorrows Fed announcement which will still be dovish, but hopefully, not as dovish as some expect... As Janet Yellen has said, higher rates are good for the economy... We expect rates to back up some, but that is tomorrow's trade... And we still respect how close we are to critical yield numbers.

What will the Fed say tomorrow that could get markets off track... 1) their dot plots, a ridiculous exercise that the Fed should stop, should show higher rates 2) the Fed IOER, could be raised, which would do a lot to the problems of money funds and reverse repo 3) the start of tapering talks, or at least the suggestion that they are considering starting the talks... But we don't think we get more than that... The transitory word will be there at least 10 times...

The world goes on... New issue corporates came with over 9 billion yesterday... Junk came with over 3 billion... The trends continue... Demand is still strong from banks, from insurance companies for annuities, and from pension funds locking in equity gains... But the absurdity of yields continue... IG is averaging 2.07 ... High Yield, clearly an oxymoron, is down to 3.84... And CCC, the real risk trade is well below 6%, coming in at 5.76

Retail sales will be weaker today, but everywhere we look economic activity is accelerating, whether there are enough people to work or not...American Express said on CNBC yesterday that booking levels have reached 2019 levels... Seems incorrect to keep the pedal on the metal for the Fed... And we think Powell is making a major miscalculation.......
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Brian Earl Spilner
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7:28a, 6/15/21
AG
ROKU has had a nice few days.
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McInnis 03
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7:35a, 6/15/21
AG
PPI high, retail sales underperformed.......
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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McInnis 03
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7:37a, 6/15/21
AG
Hindenberg hit piece on Draftkings.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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FJ43
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In reply to McInnis 03 • 7:39a, 6/15/21
McInnis 03 said:
Hindenberg hit piece on Draftkings.
Portnoy should have a lively Twitter broadcast today.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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In reply to McInnis 03 • 7:42a, 6/15/21
McInnis 03 said:
Hindenberg hit piece on Draftkings.
https://hindenburgresearch.com/draftkings/

For you readers....

They went for the throat.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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SpeedyAg90
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7:54a, 6/15/21
AG
For any SHMP holders

http://www.prnewswire.com/news-releases/naturalshrimp-announces-engagement-with-lake-street-capital-markets-llc-301312466.html

NaturalShrimp Announces Engagement with Lake Street Capital Markets, LLC
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cageybee77
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In reply to SpeedyAg90 • 8:21a, 6/15/21
AG
Even if I had a shrimp, I wouldn't admit to holding it.
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E
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8:28a, 6/15/21
AG
Welp, should I take my losses with Draftkings and put it all in Penn?
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cptthunder
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8:29a, 6/15/21
UXIN going for full cup completion going all the way back to March of 2019 @ $6 looking at the weekely
Another one that might be worth studying after some talk about charts and seeing what OA is looking for in volume on these smaller cap stocks and how they may turn out
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bmoochie
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In reply to E • 8:40a, 6/15/21
AG
E said:
Welp, should I take my losses with Draftkings and put it all in Penn?
Personally I think PENN has always been the better of the two once they purchased Barstool. That is free ads for them and DK and other gambling entities have to spend billions on ads and marketing. Just my 2 cents on the matter.
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BlueTaze
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In reply to Bob Knights Paper Hands • 8:40a, 6/15/21
Tomas Hermensa said:
$ELOX the ADX is 44 and ADXR is 35; WWR the ADX is 45 and ADXR is 34. Anything above 25 indicates a strong trend. Both of them are above the 9 and 21 emas with 9>21. Both have an RSI in the 50's, which is good but not overbought, and their MACD's look nice. The daily OBV of both stocks are over their 9 and 21 ema as well. It's going to be difficult not to over-extend myself on these two, but I think it's going to be glorious.


When using the ADX and ADXR which is a better trend indicator? Why both? Is there a cross over or correlation that makes them useful together?

Tia
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McInnis 03
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8:45a, 6/15/21
AG
Able to catch breath here for a second. NQ opened above VAH (value area high) from yesterday and promptly returned to VAH only to bounce from it. This is typically pretty bullish but it's opex week and FOMC week..... I'm long from the VAH line after being short towards it. I flipped when we hit it. MOON IT NASDAQ.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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McInnis 03
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8:48a, 6/15/21
AG
If you sold SNDL $1c's for this Friday, if price hovers here today, you can buy them back on the CHEAP after lunch.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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dogskbo
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8:49a, 6/15/21
So let's say you had a bunch of June calls for Veon about to expire, what would you do?
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