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Last: 3 hrs ago by HoustonAg_2009
Man thanks for all of that. I suspected with banks filling the gap we would have status quo for a period however I too think we will have a pull back here somewhere. Not saying crash just healthy pullback.Farmer @ Johnsongrass, TX said:
LOL!
I don't know if it can be charted. I'm thinking that all this extra cash that banks are receiving from the FED/Treasury, they are parking it at the Fed Repo Facility to avoid the Gov't restrictions have on banks...and the banks are getting paid interest on the parked money (taxpayer dollars at work). Hell, even the bankers were commenting and surprised they were getting some interest payment as they initially thought it would be ZERO. Anyway,...I'm thinking after the FED announces they will begin tapering the mortgaged backed size of asset purchases - that to me translates as the FED is telling the banks, "Time for you banks to start getting back into the mortgage size of this equation because we/FED are exiting".
Should this be the case, it's just more of the same. I believe the FED mortgage side purchases are $120 billion a month. If there's over $1 Trillion parked by the banks, that's at least another 8 months of the banks stepping in and taking the place of the FED. So, to me, that's a no change and that's bullish stocks.
Seeking an expert (austinAG90) opinion.
Moving on,...
I still think a pullback is coming. If Posobieac is correct (I have little faith in that guy) and Biden decides to shut the economy down due to COVID 2.0, well I think that's the pullback signal for a buying opp.
Eventually, there will be a seismic crash in stocks, because the FED in all it's infinite wisdom of being the largest buyer of U.S. debt they sponsor and monetary policy of ZIRP - you know and I know that having your cake and eating too and then continually repeating the process in questionable, but what happens when you run out of cake? To continue the process only 2 things are left to occur that allow it to continue....and both are not pretty..
And here we go,...
Foreign ownership of Treasuries to May 2021 is near a record high.
Foreign holders of U.S. debt equals $7.14 Trillion.
Japan with the most at $1.27 T
China in second place with $1.08 T
The largest buyer of U.S. Treasuries this past year is the FED and they increased their holdings by $981 billion over last year so far.
Trade what's in front of you, right? Stocks never go down.(hysterically laughing, nervously thinking)
All I know is I want to be on the right side of that trade when it happens.
Farmer @ Johnsongrass, TX
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Way early on in this COVID stuff I remember reading an article quoting a fellow stating this pandemic would last 3 years, easily. Just one of those things that sticks in the back of your mind after you read/hear/see itRanger222 said:
Nice email just now from Ohio State president -- masks are mandated again on campus for everyone, regardless of vaccine status, even outside. They also are now requiring you to report vaccine status by Friday or else.
This **** won't end
Farmer @ Johnsongrass, TX
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Yep.
PULLBACK. (Biden shutting down the U.S. would do it)
No crash.
Crash comes much later.
Crash could be another financial crisis by then.
PULLBACK. (Biden shutting down the U.S. would do it)
No crash.
Crash comes much later.
Crash could be another financial crisis by then.
Its like they want to create crisis and sustain tension. I guess not enough of them bought the dip.Farmer @ Johnsongrass, TX said:
Yep.
PULLBACK. (Biden shutting down the U.S. would do it)
No crash.
Crash comes much later.
Crash could be another financial crisis by then.
Rant over.
big volume middle of the day, 2 mil shares bought. probably will go to the moon since I don't have many shares.Bosco said:
Anyone in RIG? They are supposed to release earnings report today after hours....what are we anticipating?
Farmer @ Johnsongrass, TX
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I still own RIG. Entered at $4.41. All I remember was hold to Sep/Oct....then a later statement about watching through Jan 2022. All I got..Bosco said:
Anyone in RIG? They are supposed to release earnings report today after hours....what are we anticipating?
I'll see what UVXY does overnight, but could be a good opp to sell call spreads there tomorrow.
I'm glad Abbot is worried about his primary challengers or he'd probably do the masks again.Ranger222 said:
Nice email just now from Ohio State president -- masks are mandated again on campus for everyone, regardless of vaccine status, even outside. They also are now requiring you to report vaccine status by Friday or else.
This **** won't end
Not sure what to do with FLGT here....back-to-back hammers forming on the daily but on shorter time frames has a bit of head and shoulders look to it, last week finished with a shooter candle. More COVID testing has to be a play right now tho
SPY broke through major resistance below $437.76. VIX closing in on $20. I am thinking we have another red day tomorrow.
Puts puts puts
— 2021 Opportunity Stocks Knock (@oldarmy1) August 2, 2021
Is this the alarm to buy new ones, or sell a previous layer of SPY puts that he has been doing?
I think that is a follow up to this one.
Was away in meetings but if you have no puts in place I'd use any bounces to layer in at the least Sept 17 $400 $SPY puts.
— 2021 Opportunity Stocks Knock (@oldarmy1) July 30, 2021
Farmer @ Johnsongrass, TX
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I was just going to ask if anyone is buying SPY on the close. Thanks! I'll wait until tomorrow.CrazyRichAggie said:
SPY broke through major resistance below $437.76. VIX closing in on $20. I am thinking we have another red day tomorrow.
That's from last week. This feels more like, we busted support and he's pulling the fire alarm.
I had 437.11 and we pushed down to 437.21Farmer @ Johnsongrass, TX said:I was just going to ask if anyone is buying SPY on the close. Thanks! I'll wait until tomorrow.CrazyRichAggie said:
SPY broke through major resistance below $437.76. VIX closing in on $20. I am thinking we have another red day tomorrow.
If I was guessing R to G day tomorrow.
However 437.50ish was my mark to watch for a break of.
Right. I took it as more of him reiterating his puts play.
Bearish close big boys. Let's see what the bulls do tomorrow.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
Bearish close big boys. Let's see what the bulls do tomorrow.
Bob Knights Paper Hands
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Prognightmare said:I'm glad Abbot is worried about his primary challengers or he'd probably do the masks again.Ranger222 said:
Nice email just now from Ohio State president -- masks are mandated again on campus for everyone, regardless of vaccine status, even outside. They also are now requiring you to report vaccine status by Friday or else.
This **** won't end
Another 4-win season to catapult OSU into the playoffs.
This is the long game here.Tomas Hermensa said:Prognightmare said:I'm glad Abbot is worried about his primary challengers or he'd probably do the masks again.Ranger222 said:
Nice email just now from Ohio State president -- masks are mandated again on campus for everyone, regardless of vaccine status, even outside. They also are now requiring you to report vaccine status by Friday or else.
This **** won't end
Another 4-win season to catapult OSU into the playoffs.
Finally a little good news out of $GOCO.
https://finance.yahoo.com/news/gohealth-goodrx-announce-exclusive-medicare-200500271.html
Up a bit after hours.
https://finance.yahoo.com/news/gohealth-goodrx-announce-exclusive-medicare-200500271.html
Up a bit after hours.
FJ43 said:Thanks! I have a calls on for it but that is about it.Prognightmare said:I'm not expecting any surprises. I'd like to see their subscribers continue to grow as well as an update on their live betting side they're working on. If that is live with the NFL season about to start, that will be huge.FJ43 said:
FUBO
Anybody got a feel for FUBO earning's tomorrow?
Prog this is one you know well right?
I see August 10th am I missing something??
Meh, they couldn't even get ES to below 4377. If this is all they got, you better get your bear diapers ready.$30,000 Millionaire said:
Bearish close big boys. Let's see what the bulls do tomorrow.
You're right 8/10. Had my tickers mixed up looking at the calendar.Aggiesincebirth said:FJ43 said:Thanks! I have a calls on for it but that is about it.Prognightmare said:I'm not expecting any surprises. I'd like to see their subscribers continue to grow as well as an update on their live betting side they're working on. If that is live with the NFL season about to start, that will be huge.FJ43 said:
FUBO
Anybody got a feel for FUBO earning's tomorrow?
Prog this is one you know well right?
I see August 10th am I missing something??
Follow the money.
speaking of SKLZ... what are you guys seeing there?
McInnis 03 said:Meh, they couldn't even get ES to below 4377. If this is all they got, you better get your bear diapers ready.$30,000 Millionaire said:
Bearish close big boys. Let's see what the bulls do tomorrow.
I was long SPY when it crossed 440, then I went short SPY when it lost 438. Believe it or not I was bullishly biased this week.
Indexes are in need of a test of the 100 day.
You don’t trade for money, you trade for freedom.
Just my 2 cents but technically broken. Think this is an earnings play for you now if calls. If long shares then this is about the base/support. Could see a double (maybe triple) bottom here potentially.agdaddy04 said:
speaking of SKLZ... what are you guys seeing there?
PTON
Maybe set an alert or two.
If breaks the 125ish level it gets above the volume shelf.
Then 127.40ish may head for gap fill.
May trade sideways a bit and consolidate here as well.
Is this a light shut down play?
No worries lol I didn't sell CCs today but was going to tomorrow and would have been a huge mistake if I did and it took off!
Here comes Rippy.
— sam (@smartertrader) August 2, 2021
TBIO on your watchlist is up 75% AH on buyout news.
Wouldn't you know I sold in the 35s.wanderer said:
TBIO on your watchlist is up 75% AH on buyout news.
Feels like $BIGC vol. underpriced for earnings this week, at critical juncture here consolidating
— Joe Kunkle (@OptionsHawk) August 3, 2021
Never really liked it, mainly due to $SHOP being so superior, but like their recent partnerships
Skew remains inverted, Aug 70/75 call spreads only cost 1.50 pic.twitter.com/TXrfjCLLI4
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