What happens tomorrow? Bloodbath?
Stock Markets
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Last: 21 min ago by Brewmaster
Makes you think I should stop turning things into butterflies. All 3 of my closed ended trades didn't yield rewards past the credit of building them.....If I can figure out how to hold these type of things longer...........you get the point.
Fair points....appreciate your thoughts....
Right?! When's the rug pull haha. Sold half of my JD, keeping NIO shares but closed calls. Holding all emerging markets funds in my retirement accounts.
Farmer @ Johnsongrass, TX
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I love you man! No homo.
I don't know if I'd say that, but pullback needed for sure.Jet Black said:
What happens tomorrow? Bloodbath?
I'd like see 4290 reset, then launch to 4400ish
Thanks man.Farmer @ Johnsongrass, TX said:
I love you man! No homo.
Sorry I've been absent and I wasn't even at banned camp. I was just dealing with real life issues but a day like today deserved the "rally ass".
ProgN said:Thanks man.Farmer @ Johnsongrass, TX said:
I love you man! No homo.
Sorry I've been absent and I wasn't even at banned camp. I was just dealing with real life issues but a day like today deserved the "rally ass".
SPY had to dip hard after lunch to make sure there was no gap down at 426.80ish
jj9000 said:
I'm with Bullard.
Should have been 50.
Should have taken action last year.
Edit...this Inflation 2.X % by 2023 is a pipe dream. You don't pump 1/3 of total dollars printed into the system in 2 years without increasing Demand, and subsequent price increases everywhere.
there are so many conditions which are WORSE now than in January.
and the market goes screaming upwards.
can anyone explain how the stocks of all companies are going to do better next year
with higher lending rates, higher inflation, the entire Russian economy blocked from the world, and the Chinese potentially locking down?!
Hope you all sold some of those BABA calls. I will plan to unload in the morning.
LMCane said:jj9000 said:
I'm with Bullard.
Should have been 50.
Should have taken action last year.
Edit...this Inflation 2.X % by 2023 is a pipe dream. You don't pump 1/3 of total dollars printed into the system in 2 years without increasing Demand, and subsequent price increases everywhere.
there are so many conditions which are WORSE now than in January.
and the market goes screaming upwards.
can anyone explain how the stocks of all companies are going to do better next year
with higher lending rates, higher inflation, the entire Russian economy blocked from the world, and the Chinese potentially locking down?!
I was talking with the president of our company about this too. I think Farmer hit it. We are going to have an epic crash at some point this year. Probably sept oct time frame. Then a bailout is necessary with free money for everyone.
$30,000 Millionaire said:
Hope you all sold some of those BABA calls. I will plan to unload in the morning.
I put a stop loss for $3 and let's see what happens.
oh my, yeah that one, but this one is nice too... (from a few pages back)mazag08 said:ProgN said:Thanks man.Farmer @ Johnsongrass, TX said:
I love you man! No homo.
Sorry I've been absent and I wasn't even at banned camp. I was just dealing with real life issues but a day like today deserved the "rally ass".
Now where we're we with that Powell convo about when he talks the market rips up?
And yes I know we ripped up after. And ripped real hard. I just always wonder what the trigger word he uses that causes a massive drop because it happens every single time…
And yes I know we ripped up after. And ripped real hard. I just always wonder what the trigger word he uses that causes a massive drop because it happens every single time…
We Had It Wrong...Fed Much More Hawkish... Curve Flattens Like a Pancake 5/10 -
We had the Fed pegged incorrectly...we thought 60% chance of a Dovish Fed and only 20% chance of a Hawkish Fed... WE GOT THAT PART WRONG... But what we look to have gotten right is that the risk on rally will continue... At least for now... The question we have is whether the Fed will go too far too fast to open Pandora's box to systemic risk... The last time Russia defaulted Long Term Capital was not far behind... And we have seen some pretty big margin calls written about in the press... 8 billion for a Chinese Nickel short that could bring down the LME... And an 3 billion margin call for some bad positions in oil..
The Fed is going to raise rates at most, if not every meeting, this year according to the dot plots...THEY DO NOT FEAR A RECESSION... WE THINK THEY ARE RIGHT ABOUT THAT... Nonetheless it looks like they will raise consistently... Powell said at the presser that the Fed has made tremendous progress on balance sheet reduction... He seemed overly excited in saying that... Looks like B/S reduction will start after the May meeting...
Well, we said yesterday that if the Fed got aggressive the yield curve would flatten like a pancake... 5/10 were inverted for the last hour, but have come back to +1... 2 years got to 1.9956... We are not going to update support and resistance levels until we see the London trading...2/10 and 5/30 are in the mid 20's... Big change for the latter...
Equities are holding in and accelerating higher... The Chair showed an air of confidence in his presentation... But we still wonder how they can raise rates 7 times this year and reduce the balance sheet while keeping unemployment relatively steady...but for now we will adjust our views to the chair...
Scott Minerd said after the announcement that the Fed is in an inflation panic... We tend to think he is correct... But they surprised us for sure...
We had the Fed pegged incorrectly...we thought 60% chance of a Dovish Fed and only 20% chance of a Hawkish Fed... WE GOT THAT PART WRONG... But what we look to have gotten right is that the risk on rally will continue... At least for now... The question we have is whether the Fed will go too far too fast to open Pandora's box to systemic risk... The last time Russia defaulted Long Term Capital was not far behind... And we have seen some pretty big margin calls written about in the press... 8 billion for a Chinese Nickel short that could bring down the LME... And an 3 billion margin call for some bad positions in oil..
The Fed is going to raise rates at most, if not every meeting, this year according to the dot plots...THEY DO NOT FEAR A RECESSION... WE THINK THEY ARE RIGHT ABOUT THAT... Nonetheless it looks like they will raise consistently... Powell said at the presser that the Fed has made tremendous progress on balance sheet reduction... He seemed overly excited in saying that... Looks like B/S reduction will start after the May meeting...
Well, we said yesterday that if the Fed got aggressive the yield curve would flatten like a pancake... 5/10 were inverted for the last hour, but have come back to +1... 2 years got to 1.9956... We are not going to update support and resistance levels until we see the London trading...2/10 and 5/30 are in the mid 20's... Big change for the latter...
Equities are holding in and accelerating higher... The Chair showed an air of confidence in his presentation... But we still wonder how they can raise rates 7 times this year and reduce the balance sheet while keeping unemployment relatively steady...but for now we will adjust our views to the chair...
Scott Minerd said after the announcement that the Fed is in an inflation panic... We tend to think he is correct... But they surprised us for sure...
Mid-afternoon nugs. Thanks, my man!
This aged wellFJ43 said:
Just a guess but if you went short ATM or + a couple for this weeks expiry for a trade I think you make money. May rally but think you exit profitable if you bought close to todays top.
Execute!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Remember that time the market went up when Powell spoke?
You're welcome.
You're welcome.
After looking at 100+ charts there were a number of RDRs yesterday. A bunch and too many to post. Also too many had moves today for me to enter some of them.
FUBO
RDR yesterday. Day 2 move into resistance. RR may be ok here. If me I cut if loses today's low.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
McInnis 03 said:
AAPL kinda looks like a $160 magnet.........................but fed.
So far so good. We've been a good McInnises, a fruit gap up would be out of this world.
Buffet bought 18M more shares of Oxy on Monday
Bob Knights Paper Hands
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Jet Black said:
What happens tomorrow? Bloodbath?
If we follow the playbook then we get opening 30 minutes fakeout followed by aggressive move down. If we don't and we get continuation then I'm flipping to bullish.
Long term shareholder of gmgi (golden matrix group) - announced they are up listing tomorrow to nasdaq. 40% + run last couple days... I'm hoping to ride some pump and then sell.. Worth watching tomorrow..
I was honestly curious what he said that tanked it. I know it rebounded hard, but the same thing happens every meeting where he says something and the market falls off…Weren't we up like 2% going into Powell speaking then at 1:15 it tanked to negative for the day then 1:35 it had a huge rip up? Did Powell start talking at 1:30 today? I thought his stuff started at 1 pm so I was curious if so what he said that tanked it from 2% up to negative and then what he said next that caused the market to rally back to where it was (or a little higher than it was before the FED.
It was going down when the notes were released. It went up after he started talking.
Ok thanks I appreciate that. Maybe that's what has happened in the past then. Thanks and wasn't trying to direct those at you just an FYI.
One thing that was made clear today. The fed will be hawkish on inflation and continue to consistently raise rates in the coming months.
This should take SOME uncertainty out of the markets and decrease volatility.
Ukraine/Russia still a wild card.
This should take SOME uncertainty out of the markets and decrease volatility.
Ukraine/Russia still a wild card.
I know you're short DIA, and they hammered short term puts last 20 minutes today. Was curious during rally.
I was getting going in surgery when it started to rally. My puts are getting slaughtered. Will have to eat a loss and exit the position.
Unfortunately, it will wipe out a lot of gains in my account over the past month. Will have to get back on the horse and find some profitable trades to make up the losses.
Unfortunately, it will wipe out a lot of gains in my account over the past month. Will have to get back on the horse and find some profitable trades to make up the losses.
Thanks for posting the RDRs, I was looking at building a screener to ID them quickly just to monitor
I'll post up any that catch my eye
I'll post up any that catch my eye
Hong Kong blasting again. Chinese going to protect the markets and work with SEC. That's what's they said. All these Chinese stocks were a steal yesterday
It tanked when the FOMC statement was released. 30 minutes later, Powell came on and read his statement for 5 minutes, during which the market dropped another half percent. Immediately when Powell finished his statement, the market began its rebound.Aggiesincebirth said:
I was honestly curious what he said that tanked it. I know it rebounded hard, but the same thing happens every meeting where he says something and the market falls off…Weren't we up like 2% going into Powell speaking then at 1:15 it tanked to negative for the day then 1:35 it had a huge rip up? Did Powell start talking at 1:30 today? I thought his stuff started at 1 pm so I was curious if so what he said that tanked it from 2% up to negative and then what he said next that caused the market to rally back to where it was (or a little higher than it was before the FED.
Ok thank you for the timeline. I feel like that's how it has normally been. Appreciate the responses. These are always interesting days…
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