SAVA

Yesterday closed over and held today....over Model T that is. Technically 105.58 using TradingView.

WWR Q2 10-Q out. Looks like the definitive feasibility study should be completed end of Q3, the company has about 120 million in cash, which will help it fund operating expenses thru 2022, and their at-the-market offering with Cantor appears to be done for the time being (good, no more dilution thru open market equity sales). Not much movement AHs, we shall see if we see any considerable movement tomorrow on the stock price. Also said the company is evaluating the continued use of Cantor and LP for funding of the construction project, so we'll see if that adds in any more dilution.

https://last10k.com/sec-filings/WWR/0001558370-21-011297.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=sentiment&utm_term=wwr#link_fullReport

Sounds like that's a minimum according to OA1s tweet.

Jet Black said:

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So is everyone bullish on CLOV after today?

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I added to my long position (shares) on the AH pullback to 8.62-63 ish. CLOV has a pretty high short float (>20%) and just had killer earnings. It's a revenue and market share growth type of play, not a profit/income earner so keep that in mind. Been one of the top mentioned stocks among the meme/wsb types (take that for what it's worth), so it garners plenty of attention from retail and tutes alike. The Clinton kid (the daughter) is said to be on the board (or somewhere else but she's involved) and of course it's one of Chamath's SPACs. Most importantly, OA likes it (lol). Yes, I personally am bullish on the name. Chart also shows basing/consolidation around the mid 7s & low 8s for about a month, so there's decent technicals on it as well.

Mornun,

Quick look....



SPY - Do we see yet another ATH?
Qs - Does it want lower yet?
IWM - Maybe now is its day to run.

SKEW bumped up from 148 to 154 so a 6 point jump.

Next week is OpEx so maybe some games into the close of the week here.

For me I am watching mostly downside tech plays and scalping SPY/Qs.

About how I feel with some of the technical analysis at the moment.....



Trade wisely!

zwhag2010 said:

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$CLOV up to 9.16 PM

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Can a brotha get a squeeze????

Talon2DSO said:

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Is AMD going to continue going sideways or will it give us the cup???

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I'll take a big ol D cup please.

Prognightmare said:

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FJ43 said:

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Probably to the moon now.

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GOCO turned out to be hot garbage. I sold out of all of mine at around $13 awhile back and booked the loss.

On a more positive side PLTR matched estimates but exceeded on the revenue expectations.

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GOCO is definitely my top candidate to book a big net loss at the end of the year to help w/ taxes

Thursday Macros....Had an early T-time yesterday so apologize for missing...

Summer Markets Quiet...Coiling For a Big Move... Its Fed Versus Foreign Buying


Markets are quiet overnight with very narrow ranges and low volume.. S+P futures have been in a 9 point range, while the old 10 year has been in a 3 basis range... In remembering support and resistance, remember the new 10 year is 2 cheap to what was the 10 year benchmark yesterday... We have PPI and the 30 year auction today.

The big news yesterday was not the CPI, but the record foreign participation in the 10 year auction... While we were working an order on something else, we saw the bond market scream after the 10 year results and saw the result was 3 through the expectation , but we did not see the magnitude of the overseas buying until our DC buddy called us early evening to go over the results . In-directs took 77.2% of a 41 billion auction, that means that they took down 31.66 billion, blowing away the prior record of 25.9 billion... But as they were bidding Kaplan was telling the markets, in an exclusive with CNBC, that the Fed should announce tapering in September, start in October, and end it all in about 8 months... That curtailed the gains and the rally... So we are back to 1.36 10 years... Now we get to do it all over again today, with PPI and Claims first, then the long bond auction... Will foreign participation be as great with the long bond north of 2%? The differences in global rates remains huge. In the 30 year space, only Australia has yields above 2%,,, most of European rates average about 1%, while Bunds are zero... So the differentials are big, but they are bigger in the 10 year space...


Fed governors seem on a warpath to tapering and higher rates... Even Daly said that in her interview with the FT overnight... More and more governors are challenging Powell to start tapering faster than Powell wants to do it.. This is one of the clearest challenges brewing in the Fed than we have seen in years... The Chair always seems to get the benefit of the doubt, but do not be surprised if we see a change in Powell when he speaks in two weeks in Jackson Hole.

Treasury ranges... 10 years are holding at 1.36... 5 years are a bit higher than our .78, but not by much... 10 year futures are a tad above our 133-16 breakdown... Positioning seems light according to the reports we follow... Trend is negative and is signaling higher rates... We expected a break yesterday as 6 days of higher rates in 10 years in a row is a rarity... And the great auction results proved that correct... The question is will tapering bring higher rates to the long end of the markets, when the ECB and BOJ are still in uber dovish mode?.. And Japanese and European buyers are underinvested in treasuries... We will get a good idea of the answer today... Which is why we have the headline above as "its the Fed versus Foreign Buying"

Credit... Strong like bull... CDX spreads remain in the 280-300 range, back below the middle of 290... We have seen 38 new IG deals this week totaling around 43 billion... Another 4 billion in the junk space led by Royal Caribbean... We do not see this relenting except for the calendar.

Equities are quiet... But both the equity market and the bond market are coiling for a big move... Given it is supposed to be 96 in both NY City and Boston today, we expect summer slowdown volumes... ...

gougler08 said:

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ZOM down to $0.43 premarket, something to keep on eye on in next few weeks to see if it closes the gap / plummets back down to old support levels and reload

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Need Carol f****** Baskin to make another CAMEO.