Man, I knew we were at the bottom. But this is the bottom bottom I guess. Ha!
Stock Markets
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Last: 59 min ago by flashplayer
I don't know what bottom is and neither does he. I just get a kick out of these asshats jumping on CNBC trying to pump their opinions to the average Joe like they're doing them a favor.
Money can be made in up or down markets. Sitting on cash during hyper inflation is stupid.
Money can be made in up or down markets. Sitting on cash during hyper inflation is stupid.
Bob Knights Paper Hands
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This is the third green premarket in a row. It does feel a bit different, but I'm still gonna be a bit skeptical of rushing too much into any gap up.
It will be interesting to see how European stocks close. Asian stocks had a big rally and then closed back down close to where they opened. If Europe does the same would we expect US stocks to be different?
It will be interesting to see how European stocks close. Asian stocks had a big rally and then closed back down close to where they opened. If Europe does the same would we expect US stocks to be different?
Bob Knights Paper Hands
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If I compare S&P500 to foreign large cap indices, I notice that the S&P is still over 30% above pre-covid highs, while Euro STOXX50, Japan Nikkei225, and Australia ASX are back below or close to pre-covid highs. I think we ran up further but I also think there's been more manipulation the last several months to keep US stocks from falling as far.
SPY up over 2% pre-market. Going to be a fun day.
The oil pull back today doesn't make any sense.
Nothing has changed with respect to supply and demand since Biden made his Russian oil announcement yesterday.
Feels like the MMs are pulling this back for a better entry.
Nothing has changed with respect to supply and demand since Biden made his Russian oil announcement yesterday.
Feels like the MMs are pulling this back for a better entry.
Europe +5%
BaylorSpineGuy said:
Renegotiating today for my next contract to stay at same hospital. Hoping that goes well!
We missed a golden opportunity Doc. You should have sent me in there to negotiate for you a la Ben Affleck in "Good Will Hunting"
RETAINER!!!
What could possibly go wrong?
Thinking about diving in to some SPY 3/18 440Cs.
Farmer @ Johnsongrass, TX
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Fertilizer is a key driver. Takes more fert for corn than beans. Producer commitments to seed companies made beans the favorite planting seed for 2022 based on the early fert prices seen in Aug/Sep'21. So, 2022 planting decisions were made earlier than normal. (We committed to a 2022 corn crop in Sep 2021 then promptly booked fert needs, got lucky. Crop is planted as of 3/3/22) Now, in the Midwest planting beans are hard to source. Producers who paused/waited to commit to what they will plant in 2022 find themselves in the corn camp. If you're a marginal producer in the corn camp with high fert prices, you'll use less fert, reduce your plant population and try to be profitable enough to play the game in 2023. There's still time and maybe some planting beans will surface as a few producers decide a late shift to reduce bean acres and go corn acres. The ground is still frozen here in the Midwest, so there is time, but the big decisions have been made.Spoony Love said:
For CORN to be the bigger story, I am assuming it will be a fertilizer issue?
USDA will report corn acres planted and should appear all nice and normal statistically, but unless those drones and satellites are monitoring plant populations, the real story comes out later. I only know of one company that has the aerial plant population technology to determine what's really in a field. Last, over the last couple of years the USDA numbers are getting as wankey as the Bureau of Labor and Statistics, if you keep up with those..
If you negotiate for me, I'll end up in banned camp at my own hospital!! Lol ;-))
So long CORN may not be a bad play then.
BaylorSpineGuy said:
If you negotiate for me, I'll end up in banned camp at my own hospital!! Lol ;-))
Watch for rejection around $426.
Farmer @ Johnsongrass, TX
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correct. i think there will be a better time to enter the CORN ETF than today.
All you permabulls, be careful! The 2yr-10yr spread is still 0.25. Very low….may be predictive of recession.
So, uh, I re-negotiated for you and... you're fired.BaylorSpineGuy said:
If you negotiate for me, I'll end up in banned camp at my own hospital!! Lol ;-))
...but I got you a date with the receptionist.
Bob Knights Paper Hands
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Today I will try my opening hour option trading and then I'll be in shares after that. I've been very successful trading the open but have given it all back, either being too quick to hit to bid and get out or letting things run and getting a green trade reversed on. New Bob today.
Bob Knights Paper Hands
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Big volume on WWR again, for all you other degenerates. Unfortunately it's all red again. AH looked similar to yesterday as well, but a bit higher price.
That's funny **** right there...BaylorSpineGuy said:
If you negotiate for me, I'll end up in banned camp at my own hospital!! Lol ;-))
A major point of contention in the contract dispute is the lack of a "stock rally girl" during stressful times in the OR.
I need team players here!!
I need team players here!!
Bob Knights Paper Hands
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Nope. QQQ red candle and SPX green candle on fire 15 minutes= I'm not trading the opening hour. Just sitting around scratching off lotto tickets making serious investment decisions in graphite.
Honestly, sitting out the first hour is a tactic used by some big names (i.e. John Carter). Smart decision here.Bob Knights Liver said:
Nope. QQQ red candle and SPX green candle on fire 15 minutes= I'm not trading the opening hour. Just sitting aroundscratching off lotto ticketsmaking serious investment decisions in graphite.
Opening 30 minutes might end up being the tightest it's been in a long time.
Bob Knights Paper Hands
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SPX needs to get over 4267, TSLA needs to get over 849.9, and QQQ needs to stop being a *****.
Think the market is waiting on crude numbers at 9 central.
Ended up deciding to wait the first 30-60 minutes. Glad I did.
Bob Knights Paper Hands
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Maximus_Meridius said:Honestly, sitting out the first hour is a tactic used by some big names (i.e. John Carter). Smart decision here.Bob Knights Liver said:
Nope. QQQ red candle and SPX green candle on fire 15 minutes= I'm not trading the opening hour. Just sitting aroundscratching off lotto ticketsmaking serious investment decisions in graphite.
If QQQ, SPX, and TSLA all have the same color candle in the first 15 minutes, the next 30-45 minutes have generally given a good trend. If they split then I watch and wait.
VIX just gave the middle finger formation and QQQ is testing 329.6 now.
BaylorSpineGuy said:
A major point of contention in the contract dispute is the lack of a "stock rally girl" during stressful times in the OR.
I need team players here!!
Go Carebear, Go Carebear, Go
Bob Knights Paper Hands
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Spoony Love said:
Opening 30 minutes might end up being the tightest it's been in a long time.
That's hot.
Charismatic Megafauna
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AG
Charismatic Megafauna said:BaylorSpineGuy said:
Who on earth is buying dip here?
Sooo i take it you will not be accompanying me to Valhalla?
Wow i bought expiring 422 calls into the close yesterday for 1.2-1.47, just sold them at 4.2-4.25. That was after buying a 426 monday afternoon for 1.72 and selling testerday for 4. These 2% moves are free money
Also my last vale shares got called away early, somebody wanted that dividend
Lottod a single 415p SPY for Friday just to see if this market does shenanigans again. Yesterdays range was big. Why not see if today's is.
Anyways, you know that means rally rocket inbound. YOURE WELCOMEEEEEEEEEEEEEE
Anyways, you know that means rally rocket inbound. YOURE WELCOMEEEEEEEEEEEEEE
Bob Knights Paper Hands
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A reversal here would be a bounce off the afternoon high for SPX and the 2/23 close for QQQ. Not saying it is a big reversal, but it's not a bad spot for one.
Always fade my moves. I have some of the hottest takes on this board!
SAVA coming on strong today.
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