lose 390 here and put holders are going sizzler. here it comes

BREwmaster said:

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lose 390 here and put holders are going sizzler. here it comes

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Can the bulls get out of bed already and bounce this?!

Did vix announce an upcoming split or something?

One more leg down and I'll drop the rest of my ttd puts

Edit: fri may 6 it bounced here into close then lost another $5 in the first 2 hours the following Monday. This could get nasty

XLF financial etf close to the may low. weak sector with declining economy and new mortgage applications down. Potential short trade if it breaks that low level.

Txducker said:

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XLF financial etf close to the may low. weak sector with declining economy and new mortgage applications down. Potential short trade if it breaks that low level.

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two months ago the "experts" (especially on CNBC)

were claiming that higher interest rates from the Fed would make bank stocks extremely attractive...

$30,000 Millionaire said:

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I want to pick up Goldman in the 250s.

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don't do it- I have had that stock for a year and it is complete dog

MS is a better play

Umm no.

Neither is the - there is a seller for every buyer, hence zero sum game in total money supply accurate. That's accurate only in terms of the immediate trade.

aggiedaniel06 said:

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That's accurate only in terms of the immediate trade.

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Thanks for chiming in. Can you elaborate on this part?
(Also, now that you're here i wish i was holding more puts)

It would take a voice call to explain this accurately in detail. It's a complex subject - where the money goes in an economy, when prices crash.

LMCane said:

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Txducker said:

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XLF financial etf close to the may low. weak sector with declining economy and new mortgage applications down. Potential short trade if it breaks that low level.

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two months ago the "experts" (especially on CNBC)

were claiming that higher interest rates from the Fed would make bank stocks extremely attractive...

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I saw that piece too. I would think the majority of their money comes from making new loans. If the economy was growing, then their would be a demand for investment capital and mortgages. None of these are happening. The only people I would loan money to heading into a recession would be Ag and Energy. I never understood their position. I am biased to the downside because of our current leadership and his energy policy. I think energy inflation is going to crush consumer demand and slow the economy and I have very little hope of that changing with the current Administration.

The spy 75% retrace from may low was 389.75 and we bounced at 389.87. I think that will be a key level to hold today. qqq also fell the 75% level (288.80), and is basing above it. What a coincidence.

Farmer @ Johnsongrass, TX said:

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Just placed order for XOM at $99.96

Rock-On!

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Filled

Bob Knights Liver said:

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Well that summer bull run was fun, wasn't folks? Back to pain. It looks like we will test that low near 3800.

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I hope so…,,

Brief pause in selling : 3900 was support/bounce zone and #ES_F clearly recognizing it bouncing here for 2hrs. Lack of follow through is not good for bulls though, which suggests 3860-70 is in sight. Bulls need >3930 to squeeze this afternoon

3860-70 is final support before 3740 https://t.co/viiHCWnDM0

— Adam Mancini (@AdamMancini4) June 10, 2022

Decided to roll my XOM CC's 6/10 $99's to 6/17 $102's at even money.

What a day! The spanking continues.

Trying to roll the 6/10 $105's to 6/17 at $0.45
Trying to roll the 6/10 $107's to 6/17 at $0.19
The 6/10 $111's I'm letting expire

Here we go....finally broke back above 3930 on SPX....let's see if this gets slapped back down or squeezes upward.

SpeedyAg90 said:

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We are doomed pic.twitter.com/Md8Ar0cG15

— Russian Market (@russian_market) June 10, 2022

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LOL, could be right, but we are the most oversold we have been all year. I'm basically quoting Mancini, but we should get a decent bounce here.

and my thoughts - S&P seasonality has a pretty good sell in mid June. This could've been it...OR this was just hte first leg down, see chart: Leg down, model T up, then bigger leg down.

SpeedyAg90 said:

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We are doomed pic.twitter.com/Md8Ar0cG15

— Russian Market (@russian_market) June 10, 2022

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Hey Jim! Wanna sell me puts on your tweet?

ProgN said:

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TSLA files for 3:1 stock split

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wish it was more.

Lower price would allow more buyers.

I believe in $TSLA but it is too high priced and volatile for me to stomach.

Tesla make zero sense…its obviously overvalued based on their production vs market cap. Have no clue what to make of this split.