yep ugly descending channel, not a wedge, but maybe AAPL finding footing down here.
With the government connections it has... probably congressional buying.Saltyag15 said:
What lit a fire under PLTR's ass?
Apple is seeing huge demand for iPhones in China, a positive sign as the company heads into the expected launch of a new version of its flagship product sometime in September - Morgan Stanley analyst Katy Huberty$AAPL
— *Walter Bloomberg (@DeItaone) August 18, 2021
This is great insight. Thank you for sharing.austinAG90 said:
Why We Think Tapering Will Be Worse for Markets In the Short Term
In all fairness we got some of these ideas from a BB series that we taped the other day and just watched last night... There are three parts of the taper as far as the markets are concerned... The first is the signaling of tapering, which clearly the Hawks of the Fed have done a fine job of getting that message out... While the immediate tone is that the Fed is taking their foot off the accelerator, it is a mild negative tone towards markets... That is the part of tapering that is built in... But the next two parts can be detrimental to the markets... And first we want to make certain that we are in full agreement that tapering needs to happen now, regardless of Covid...tapering does not help the economy it is directly related to asset prices..
2)... This is clearly someone else's idea, but , his view is that tapering will raise real rates in the belly of the curve, similar to what they did in 1/18 and 9/18... There rates rose in the 5 year 40 basis in the first move and another 40 in the second move... From 2.20 in early January of 2018 to 2.60... And from 2.70 in the summer of 2018 to 3.10 in November 2018... Amazing to think that 5 years, currently .76 basis were at 3% less than 3 years ago... A lot of that is due to tapering, but certainly the pandemic was the main cause... But be aware of where rates could get to.
3)... And this is the most important point... Volatility channel... The Fed has crushed bond volatility by their constant buying of treasuries and mortgages... While the treasury has been buying 80 billion a month in treasuries, they have been buying significantly more mortgages... The Fed buys 40 billion of mortgages for the Soma book and then reinvests another 50-60 to replace run offs... In the latest period from August 15 to September 15 the Fed is expected to buy 98.8 billion of mortgages...The Fed suppresses volatility with this mortgage buying... The biggest risk of mortgage buying is the volatility of prepayment risk, which the Fed does not hedge... When this risk starts to make its way to back to the street, that risk will have to be hedged , which means more bond volatility... That new VAR risk in the street will make its way to equities, prime brokerage accounts, and hedge funds. New Var trading with the increased bond volatility risk will be transferred from the Fed to the street. This will cause some major consternation in trading... This could happen on the announcement in September... If the risk starts to transfer to the street in October, there will some choppy trading...
So while the initial signals from the Fed about tapering are out there, the real risk is not... This is just like when in 2018, the Fed told us the slow unwind of their balance sheet was like watching grass grow and would not effect markets, the 5 year went from 2.20 to 3.10... So treat those that say the full effect of tapering in built in the markets with a grain of salt.
they're a$$-holes.agdaddy04 said:
$AMZN - can someone translate what this means?
Street Color: Amazon is Emailing Sellers to Warn Them About Congress' Big Tech Antitrust Legislation: CNBC
$MTCH At the bottom of 9 month box. PT 200ma at 142 Then 144 very likely. More "matching"s are required after summer 😀
— DYOptions (@data168) August 18, 2021
You know some weird Elliot wavers.$30,000 Millionaire said:
trading joke: do you know what elliot wavers and perma bears have in common?
They both hate money.
Counterpoint: more covid fear porn and possible blue state lockdowns coming.wanderer said:
Not my idea, but it is enticing for an options play.
MTCH has seen 130ish as strong support the last 9mo. Gapped down on earnings on 8/4. Bounced off of -3 ATR today$MTCH At the bottom of 9 month box. PT 200ma at 142 Then 144 very likely. More "matching"s are required after summer 😀
— DYOptions (@data168) August 18, 2021