SPY staying above 89 EMA for now...seems like a key one
Stock Markets
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Last: 1 min ago by flashplayer
Limit order for NVDA at $302
Gotta think that's a good entry point?
Gotta think that's a good entry point?
Brian Earl Spilner said:
Limit order for NVDA at $302
Gotta think that's a good entry point?
What do you see?
It just took out a daily candle gap and has a bunch more below. And I'm not seeing any signs of higher lows or higher highs to indicate a reversal yet.
Maybe on a very quick trigger trade. But I wouldn't go long here. These chips stocks are crazy extended and due a correction, even if small in nature.
Full Speed Ahead - Fire At Will - Gig'em
"I have never enjoyed any position more than being president of Texas A&M University." Robert Gates 11/08/06
"I have never enjoyed any position more than being president of Texas A&M University." Robert Gates 11/08/06
Bulls have Maximus from Gladiator yelling "HOLD THE LINE" every time SPY goes below 450.
austinAG90 said:
Historically non farm payroll days are a catalyst to a big move in treasuries and sentiment... Today may be a bit different...Expectations for today are for a 550,000 number... BB Intelligence is at the higher range of 700,000... The whisper number is on top of the expectation , being at 564,000... But as always the outlier is Covid and the new cases of Omicron in the US... Obviously these numbers will spike, but will we see lockdowns? No... But slowdowns and more work at home? Maybe... So today's numbers are clearly backward looking to what may happen to the US economy... For now we think the economy is strong and will continue...latest Atlanta GDP was at 9.7%... But now we have to deal with year end liquidity and flows... Will too many buyers or sellers try to get through the door at once...?
Overnight there is little to discuss... Equities are mildly positive after a 35 point range in the S+P overnight... Yesterday the equity markets had a good day, after a back and forth week...catalyst yesterday was the news that Novavax was preparing a Omicron focused vaccine... Rates markets overnight were range bound with 10 years between 1.42 and 1.45... No surprises, although this week has seen a strong divergence between US Treasuries and Bunds, with treasuries 8 wider... Clearly the ECB is struggling with the idea of raising rates, while Fed governors have lined up in Hawkish formation... We have not heard any doves in the last two weeks...
Fed...Bullard out today, which is the last scheduled speech before the black out period... Do not be surprised to find another Fed speaker out there today in a unscheduled interview on one of the big 3... But the Fed is clearly anticipating an acceleration of tapering... We still think the report from the KC Fed concerning reduction of balance sheet makes a lot of sense..There were Chinese headlines early this morning about easing , but they did not come with any concrete details...
Ranges and flows...Shorts versus longs is about even, with CTA having plenty of room to initiate shorts in the belly... But maxed out longs in the 30 year... Hence more of a flattening... 5/30s have reached our objective of 56, that trade has now been taken off... But there are those that think the 30 year run is not over, if 1.72 breaks on the close of the week, 1 comes into play... For 10 years today, the resistance is 1.42 with 1.36 next... For 5 years it is not meaningful...our colleague Ian Lyngren pointed out in his survey that the most participants ever think the next 15 basis points in 10 year yields is higher...at 79%, it was the highest number in the 17 years he has been doing this... Meanwhile we read a liquidity report pointing out that the seasonal drain in liquidity is in force...Historical order books depth data showing that OB typically falls by more than 75% across DM 10 year benchmarks.
Corporate bonds came with over 8 billion yesterday lower than recent interest... And wider spreads... But general trading was ok as the equity market was strong...but high grade funds lost 3.86 billion of outflows in the latest week... IG will not meet their expectation of issuance for the week...
It will be a volatile day, regardless of the number... Fears of Omicron are high.. And the Fed is clearly in Hawkish mode.....we should be in high alert volatility mode until 24 hours after the Fed meeting....which lines up with our view that the first two weeks of December are not as good as the last two weeks for risk
*U.S. TREASURY 10-YEAR YIELD FALLS 10 BASIS POINTS TO 1.34%
— *Walter Bloomberg (@DeItaone) December 3, 2021
Scaling back into $DS
$SPY REPEAT SWEEPER 🧹🧹 pic.twitter.com/tstqnYpxQh
— Theta Warrior (@ThetaWarrior) December 3, 2021
This is good stuff. It's one of those things that I know what my mistakes are... There clear as day. It's just somewhat difficult to fix them once the bullets start flying. More game reps will get me there.
They keep fighting those candles back $450. I'm on the edge of my seat man.ProgN said:
Bulls have Maximus from Gladiator yelling "HOLD THE LINE" every time SPY goes below 450.
Gun to my head, I'd say we crater into the close in the last 15 mins. I wouldn't have faith in this rally, but we'll see.Spoony Love said:They keep fighting those candles back $450. I'm on the edge of my seat man.ProgN said:
Bulls have Maximus from Gladiator yelling "HOLD THE LINE" every time SPY goes below 450.
Bulls came to play here.....but they need to move the needle more. There is a LOT of short exposure down here that could pucker up if hit hard.
Careful bears lol pic.twitter.com/yE1PT8fE5d
— Horselover Fat 🧙♂️ (@Michigandolf) December 3, 2021
Agree. To much bleakness (is that a word).
I don't think the bulls want to fight this one for much longer. Let it drop and have a tremendous Santa rally the last half of the month.
I have a meeting at 2:30 so I'll sign off and see if the lotto even came close. Come on bears, make it a miracle.
I don't think the bulls want to fight this one for much longer. Let it drop and have a tremendous Santa rally the last half of the month.
I have a meeting at 2:30 so I'll sign off and see if the lotto even came close. Come on bears, make it a miracle.
DIS, PYPL look like rounded bottoms forming
IWM back to support from the last few times it went down, lots of signs that we may be short term finding the bottom if we can hold in to the close
IWM back to support from the last few times it went down, lots of signs that we may be short term finding the bottom if we can hold in to the close
VIX crushhhhhhhhhhhhhh
Options aren't for the weak. Most of my naked puts are still a ways from the money and the underlyings have now been beat on pretty bad.
Funny to see my portfolio look like the red wedding though.
Funny to see my portfolio look like the red wedding though.
The 10 day moving average of the combined put-call ratio has been a long time solid guide to human behavior in the markets. When everyone is bullish (.50 ish) markets top and pull back. When everyone is bearish (.70 ish) markets bottom and rally. Ending the week at .75 pic.twitter.com/MDUhUncrMW
— John F. Carter (@johnfcarter) December 3, 2021
Bears trying again
Bulls defending HARD 450gougler08 said:
Bears trying again
Yep, this seems to be the line in the sand for now...gotta think we go green on Mon if this holdsProgN said:Bulls defending HARD 450gougler08 said:
Bears trying again
What just happened to ELOX
ELOX gonna ELOX today!
$DIS https://t.co/lVaaJx52bB pic.twitter.com/lfxxVEzkTK
— Charles F (@charlesf11) December 3, 2021
Moon shot!! My Spy calls up 50%
Bulls said **** right off
Yep, my call on close was wrong, I underestimated the bulls on a Friday.gougler08 said:
Bulls said **** right off
I'm fleeing the sinking ship that is the Miami Hurricanes board and have been on this Aggie board a few months now.
Grew up in Austin hating the longhorns, and as a conservative military vet Texas AM is a great team for me to root for.
I love to invest in my personal brokerage account, and enjoy the knowledge here.
Grew up in Austin hating the longhorns, and as a conservative military vet Texas AM is a great team for me to root for.
I love to invest in my personal brokerage account, and enjoy the knowledge here.
Well my one good move today was selling $2k of ROKU and buying the AMC dip. Nice little +13% gain on the last hour.
Haven't really done much since last Tuesday but sit and watch
Today I was trying to scalp some weeklies and made a big fat finger error....bought 100 contracts instead of 10....lost $1600 on that mistake. Brutal
Today I was trying to scalp some weeklies and made a big fat finger error....bought 100 contracts instead of 10....lost $1600 on that mistake. Brutal
What a close for Friday. Can't wait til next week.
LMCane said:
I'm fleeing the sinking ship that is the Miami Hurricanes board and have been on this Aggie board a few months now.
Grew up in Austin hating the longhorns, and as a conservative military vet Texas AM is a great team for me to root for.
I love to invest in my personal brokerage account, and enjoy the knowledge here.
That's great and welcome. This thread is really the best because inhere there isn't red or blue it's green. Engage and we all want everyone to accumulate wealth.
Ouch. I've fat fingered a few trades, luckily they've worked out
Welcome to the board
I sure hope so...let's come back strong w/ the Santa rally next week.EliteZags said:
**** Omicron
I've become desensitized due to 2020
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