I was thinking h&s on the 5-min chart.
They are down into a support zone with 56.64 floor.planoaggie123 said:
$TTD with a rough run as of late...
that tells me real lack of buyers here, quite concerning I thinkFTAG 2000 said:They are down into a support zone with 56.64 floor.planoaggie123 said:
$TTD with a rough run as of late...
Be watching for some direction from here.
Unrelated but VIX dropping while macros drop too. Doesn't make sense.
this is algo selling. lets see what happens when they finish.FTAG 2000 said:
If VIX descending with macros means no buyers, wouldn't we go with SPY puts?
Quote:
Democrats introduced a bill on Thursday to tax the largest oil companies recording their biggest profits in years and use the money to provide quarterly checks to Americans facing sticker-shock just about everywhere they look.
The legislation would apply only to large firms like ExxonMobil that produce or import over 300,000 oil barrels per day and exempt smaller companies. The 50% tax would be imposed on the difference between the current price of a barrel and the average price between 2015 to 2019.
Rep. Ro Khanna of California and Sen. Sheldon Whitehouse of Rhode Island are the bill's main sponsors. Other co-sponsors includes Sens. Bernie Sanders of Vermont, Elizabeth Warren of Massachusetts, Michael Bennet of Colorado, and Sherrod Brown of Ohio among others.
The plan would also establish a quarterly payment program to provide direct payments to Americans struggling with rising prices. The income thresholds were similar to the third stimulus check issued last year: Tax filers making under $75,000 for individuals and $150,000 for couples would receive the payments. At $120 per barrel, single-filers would receive $240 a year and joint-filers would get $360.
Y'all will love this pile of bull****, especially you O&G guys. I doubt any of the supporters of this bill could pass an econ course.Quote:
Democrats rolled out a plan to issue quarterly checks to Americans paid for with big oil profits.
"The bigger thing is that it's going to save everyone money," Rep. Ro Khanna said in an interview.
The proposal faces steep odds for passage given GOP resistance.
Kinda looks like there's value to be had here, but falling knives and stuff.planoaggie123 said:
$TTD with a rough run as of late...
ProgN said:
Democrats unveil plan to issue quarterly checks to Americans by taxing oil companies posting huge profits (msn.com)Quote:
Democrats introduced a bill on Thursday to tax the largest oil companies recording their biggest profits in years and use the money to provide quarterly checks to Americans facing sticker-shock just about everywhere they look.
The legislation would apply only to large firms like ExxonMobil that produce or import over 300,000 oil barrels per day and exempt smaller companies. The 50% tax would be imposed on the difference between the current price of a barrel and the average price between 2015 to 2019.
Rep. Ro Khanna of California and Sen. Sheldon Whitehouse of Rhode Island are the bill's main sponsors. Other co-sponsors includes Sens. Bernie Sanders of Vermont, Elizabeth Warren of Massachusetts, Michael Bennet of Colorado, and Sherrod Brown of Ohio among others.
The plan would also establish a quarterly payment program to provide direct payments to Americans struggling with rising prices. The income thresholds were similar to the third stimulus check issued last year: Tax filers making under $75,000 for individuals and $150,000 for couples would receive the payments. At $120 per barrel, single-filers would receive $240 a year and joint-filers would get $360.Y'all will love this pile of bull****, especially you O&G guys. I doubt any of the supporters of this bill could pass an econ course.Quote:
Democrats rolled out a plan to issue quarterly checks to Americans paid for with big oil profits.
"The bigger thing is that it's going to save everyone money," Rep. Ro Khanna said in an interview.
The proposal faces steep odds for passage given GOP resistance.
Saltyag15 said:
Crippling domestic production and then taxing them extra on top of that. Great way to cripple a large domestic industry. This is a witch hunt. Makes sense if you don't think about it.
I think we just broke out of that downtrend, but what do I know. although now there's a bearish engulfing candle right after the break.Spoony Love said:
I have the same trendline and it has been respecting all day since pre-market high.
What should we be getting into now? T, DISCA?Farmer @ Johnsongrass, TX said:
What a freakin' joke.
These Bill sponsors need to be made to go cut a switch from a tree and head to the wood shed.
Redistribution. Will not stop at O&G. Let's have Big Banks redistribute their gains. Hell, cut to the chase...all businesses just need to have profits redistributed. ...Oh wait,...
Trading:
Discovery voted to accept the Warner Media deal. New company Warner Bros Discovery (WBD). Close date not set. Look out NFLX,...we're coming for you and bringing hell with us.
Saltyag15 said:
Crippling domestic production and then taxing them extra on top of that. Great way to cripple a large domestic industry. This is a witch hunt. Makes sense if you don't think about it.
Grabbed this. Hero or zero. It's riding an uptrend line today, re-tested model T already.BREwmaster said:
AMZN 3000C 1.10/1.25
the degenerate in me really wants to play this, been strong all day, rips soon could really pay.