BaylorSpineGuy said:

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Nice charting. Question for you.

When you post something like this, how do you typically play it? Spreads? Buy calls or other options? Buy shares?

I'm curious how you approach a chart like this. I'm a very inexperienced investor and trader, and I'm only approved for level 2 options trading, so what would be the play here?

Thanks in advance and hoping all on here are doing well.

We're getting lonely here in the big 12. Miss the revelry of when we used to play you guys every year. Always had red eyes for the Aggies until I married into the Heaton (Heaton Hall) family. It's eased things considerably :-).

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tu really screwed Baylor and the rest of the Big 12 and Sankey screwed us. I hope y'all find a landing spot.

Well, before we ride off into irrelevance, at least we got that natty in men's hoops.

Best of all, I got to ride on a private jet to the game. Was best experience. And thumping Undefeated Gonzaga was just nice. Was never even a close game after the tip.

BaylorSpineGuy said:

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Well, before we ride off into irrelevance, at least we got that natty in men's hoops.

Best of all, I got to ride on a private jet to the game. Was best experience. And thumping Undefeated Gonzaga was just nice. Was never even a close game after the tip.

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I'm not criticizing Baylor and the BB national championship is respected by me. Unfortunately, the Briles issues might cause apprehension by other conferences. This situation isn't Baylor's fault, it's because of that ****hole in Austin. I hope y'all and the rest of the Big 12 trap their asses until 2025 or at least make them pay through the nose to get out. Giving those dicks a settlement would be the worst.

CrazyRichAggie said:

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We thinking WWR a50% drop in the am?

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Saw the WWR filing and some questions. Ultimately the technology they have proven effective is all I care about. It's real and unparalleled, so I'll use any big drop as an opportunity to buy leaps. It always sucks when short term actions hit a stock but it's nothing that doesn't routinely happen, so I keep my focus on the product development and executive execution.

ELOX began as a goal post trade that made a nice initial move to capitalize on. Shelf offerings are different than straight diluting share offerings, but initial reaction can be the same. Biotechs are ultimately about success of drug development.

Insiders feel good about it. Raising money means longer runway for success. Not much to do except decide if its a stock you want to be in for the potential it brings.

Thanks as usual. Good to see you post.

Mornun,

Gap ups may be the theme of the day....



Been a while since all instruments were green.....including a matching green VIX

Pretty much green everywhere, US futures, EU & Asia

Lots to watch today.......
Will the gap ups hold.
Gap and fail and I will be looking to the downside for the week.
Gap, back test and hold and to the upside.

Watching big tech to lead...or not.

Could be some good entries on Vs this morning if you are scalping.

Me keeping up with macro levels these days....



Trade wisely!

Man, the amount of gaps ups on individual stocks.. this thing is either going to rip or were going to have what I mentioned Friday.. up in the morning and then very down for a larger correction bottoming some point this week.

If you've got profits on short term trades this morning and it starts to level off, I'd at least take some of them off the table.

Thanks OA! All I was hoping for from you. Pretty sure your post got me more excited to see than a BL post on premium Lol

Monday Macros

Equities Mild Risk On...Treasuries Off as Powell Speech Awaited..Quiet Week

Equities are showing a mild risk on approach as we start the week... Europe is better and Asia had their best up day in three weeks...Chinese " Common Prosperity" was the latest headline as the Chinese Regulators halt 42 IPO's and start investigating a major law firm and brokerage firm... But all the Chinese Indices were up 1-2% as many think that Xi will back off. We are not sure... But this week is about the Fed...

We no longer think the Powell speech will be controversial on Friday... While we thought this would be an opportune time for the Fed to outline tapering in the Powell speech, we are now backtracking... With the speech virtual, probably from the Eccles Building, the importance of the speech is diminished... In fact, if we read it correctly, the venue at Jackson Hole is now cancelled and the full JH symposium is now virtual... With the next unemployment number 11 days away... And the next choice of Fed Chair announcement likely to be 2 weeks away, there is no way Powell is going to out on his skis to make this speech controversial... So expect tapering to be given lip service only... Nothing major... Best strategy for Friday is call your country club and set up a golf game for Friday afternoon... No new ground will be broken

Powell... With Janet Yellen's endorsement of Powell on Saturday, we think the odds of a reconfirmation of Powell has gone from 1 in 4 to 3 in 4... There is no reason that Yellen would endorse someone and then see the WH change its mind... Which is another reason Powell will not be controversial... Also some are pointing out that Kaplan, the uber hawk, blinked on Friday when he said his mind might change if the Delta variant starts to show up in economic performance... So far we do not see it more than just in supply chains.

Treasuries are off marginally today... But with tapering talk expected to be pushed out to at least the next employment number and next Fed meeting, treasuries are mildly selling off mildly this morning... 200 day moving average remains support at 1.315.. Resistance has been a rock at 1.22... There was a window, where the 10 year could have broken resistance and got to challenge 1,, but that window is now closed until at least 9/3. Corporates have gone into hibernation, as they normally do the last two weeks of summer... Only 7.7 billion last week, half of the 15 we were looking for and this week we see some predictions of zero to 5 billion.. We have seen some widening of OAS spreads last week, but the indices we follow, CDX HY, remains in the 280-300 range after challenging the wides ... Currently at 290

Delta and the economy... The catalyst for the big risk off move in the last 2 week was the massive drop in sentiment of the Michigan numbers... We were waiting to see if those numbers were confirmed in the BB survey... Fortunately, the BB US Consumer Comfort Indicator survey rose. These two surveys usually move in sync, but not this time... So while the Variant is real and hospitals are full in many parts of the country, economic commerce continues on...but we agree with Kaplan, that if the economic numbers and trends start to change, an equity correction could happen quickly... We do not see it yet and the numbers coming out of Macy, Target, Walmart, all show improving activity.

Michael Bury, the Big Short, has been in the press recently from his high profile short of Kathy Woods "ARK" funds... So far he seems to be right as ARK ETFs have seen cumulative ETF outflows rise to -35%... But what is not as publicized is his large amount of put buying he has done in the treasury ETF space. Bury is adding to a wager that long term treasuries will fall... He holds 280 million of puts on the Ishares 20 year ETF.. This is an increase from 172 mm he held at the end of June.

Longer term outlook... Many of the street houses still see 1.60 10 years... Citi remains stubborn at 2%... Inflation is real and not transitory, at least not in our definition... Summers said over the weekend, "things take longer to happen than you would normally anticipate, but when they do eventually happen the consequences are worse than you predicted and are quicker".. This was in reference to inflation.

This week should be quiet... We no longer expect a major market moving speech from Powell... There makes no sense before he has the employment number... And with Yellen's endorsement, Powell has no personal incentive to rock the boat before Biden makes the decision of the next Fed chair in two weeks...so expect the proverbial can to be kicked down the road... And if treasuries start to push to higher yields, we have 1.36 and 1.42 to watch... liquidity will be August poor... So anything could happen.

WWR -2% right now, could be way worse

Watch WWR rip over $10 instead of dropping.

gougler08 said:

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WWR -2% right now, could be way worse

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Don't you jinx it