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24,746,162 Views | 233447 Replies | Last: 29 min ago by Heineken-Ashi
Brewmaster
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AG
yep ugly descending channel, not a wedge, but maybe AAPL finding footing down here.
FJ43
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Trying AAPL 150C weekly here at 148.30 support.

.74 entry

Will keep a tight stop on these if it gives up 148.60
irish pete ag06
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AG
It would be super neat if $25 could flip to support on PLTR
agdaddy04
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AG
$BODY having a solid day so far. Any news?
McInnis 03
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AG
Somebody is accumulating BODY today.
lobwedgephil
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PLTR Investors Business Daily new swing idea.
McInnis 03
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AG
Bullard says wants Taper complete in Q1 2022 so door is open to rate increase.
irish pete ag06
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Saltyag15 said:

What lit a fire under PLTR's ass?
With the government connections it has... probably congressional buying.
austinAG90
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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.
BrokeAssAggie
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FJ43
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VIX just inching its way back up
J.P. 03
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AG
Which one of y'all just hit the Buy button on AMD?
mazag08
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AG
NIO might go all the way for the $41 gap fill today,
FTAG 2000
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AMD news -

https://wccftech.com/amd-set-to-become-tsmcs-2nd-largest-customer-apple-car-chip-production-rumored-for-china/

gougler08
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AG
SKLZ seems like a buy at these levels, back at strong support from 2020
BaylorSpineGuy
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I nearly sold it two days ago after dismal earnings report. Their CEO is such a **** slinger and slime ball. Wishing I had never bought this crap but now hoping for a squeeze lol. Guess I'm back in haha.

And by the way, options are freaking addicting. I bought VIAC options with expiration next month and the stock moved 6% today.but my options moved 98%. That is spicy!
FTAG 2000
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AG
Not sure if this is good trade theory or not - $BB.

Has spiked roughly a month or so before earnings each of its last three earnings cycles. Next earnings is 9/22.

Bought 9/17 $12Cs. Don't intend to hold through earnings, looking for a spike up and then will get out. Targeting 12.41 exit stock price (but could use some additional eyes on it).
agdaddy04
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Me too. I thought I was being smart by going after a company that stay at home moms loved. However, hasn't quite turned out very nice. Not in for a whole lot though.
BaylorSpineGuy
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Yeah I'm in for $2000..now about $1000. Lol
$30,000 Millionaire
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AG
you're up in $AZRX if you took it.

I also bought DATS in the 3s. Recent IPO. May take off.
You don’t trade for money, you trade for freedom.
Triple_Bagger
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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.
This is great insight. Thank you for sharing.
BTFD
agdaddy04
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AG
$AMZN - can someone translate what this means?
Street Color: Amazon is Emailing Sellers to Warn Them About Congress' Big Tech Antitrust Legislation: CNBC
$30,000 Millionaire
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AG
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
they're a$$-holes.
You don’t trade for money, you trade for freedom.
mazag08
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AG
Those in GILD calls..

If you look at the 15 or 30 minute chart.. its merely waiting for the 34 and 55 EMA's to catch up before continuing.
$30,000 Millionaire
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AG
by the way, HODL on $AZRX, you fools.
You don’t trade for money, you trade for freedom.
agdaddy04
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AG
Morgan Stanley revises their PT on $APPL to $168
$30,000 Millionaire
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trading joke: do you know what elliot wavers and perma bears have in common?

They both hate money.
You don’t trade for money, you trade for freedom.
wanderer
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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


mazag08
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$30,000 Millionaire said:

trading joke: do you know what elliot wavers and perma bears have in common?

They both hate money.
You know some weird Elliot wavers.
FTAG 2000
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AG
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



Counterpoint: more covid fear porn and possible blue state lockdowns coming.
mazag08
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AG
I've got a new theory on VEON but want to wait until I can cleanly illustrate it on my chart. I'll try and post it tonight.
gougler08
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AG
FUBO wants a green hammer today
cptthunder
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$VMEO I dont really see anything obvious thats going to slow this down until the $33 range looking at the 60min, 15min or maybe a little at $32.60 on the 5 minute
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FTAG 2000
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TIGR running with earnings AH.
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