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Last: 2 hrs ago by Heineken-Ashi
Does anyone have a link that tracks how many trillions of wealth that has been wiped our since Jan 1 of this year?
1hr post CPI & one of the most volatile in recent memory in #ES_F. Initial move often a trap & bulls will need it today. 3775 support is bouncing, and 3810-20 backtest likely upcoming
— Adam Mancini (@AdamMancini4) July 13, 2022
What happens there is key & needs to clear for a "low". This AM's low fails, we sell to 3705 https://t.co/yeA7as7mbv
I can just send you some links to some government officials twitter pages. Same thing, right?
Bulls having a hard time breaking 3775 at the moment but we are only 30 min in.
O&G reversed in the past 5 minutes. That might have been propping SPX above 3775.
Perfect, thank you.TecRecAg said:
I can just send you some links to some government officials twitter pages. Same thing, right?
I'd like that info for a friend of mine.
GOOG looks like it has room to run up. AAPL looks like it had trouble and might be rejected at 145.
I'm looking for SPY 374. That's the top of a down trend I've been watching. SPY has broken above it just this once since 6/8. If this gets back in that channel, we have lower lows coming.
I keep hearing people refer to values of wealth being wiped away but I don't really get that. For every dollar lost (by someone going long) in the market there is a dollar gained (by shorts) and vise versa. Where is the wealth being lost?ProgN said:
Does anyone have a link that tracks how many trillions of wealth that has been wiped our since Jan 1 of this year?
If you want to refer to market caps of companies being lost I get that, but I'm not understanding where the wealth is being lost.
Yeah, it's really just a huge wealth transfer from small investors (IRAs, 401Ks, mutual funds) from the middle class to the Blackrocks of the world. I'm looking at it from the that perspective.
The only irony is that most of the last 15 yrs have been that. With 0% interest rates. It's only created more inequality. Not the Fed's problem but it will be the government's!
JPM is close to a new LOD and with that a new low for the past 3 months easily. They have earnings before market opens on Thursday.
I have a trendline from 3/29 & 4/19 close on SPX. SPX rejected on the 3 min that line (it was around 3790). I think it is setup for a fall.jj9000 said:
Really surprised we're hovering around -1% on S&P. Logic suggests tanking. 9.1% wasn't priced in. I'm not buying it.
Bob Knights Paper Hands
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I hope you covered your shorts, everyone. I made a bit cycling TSLA calls. 3 winners and 1 loser. Enough to call it a day for now. The loser was one I shouldn't have gotten into in the first place after looking at my 5-minute chart. Oh well, live and learn.
Here's you're problem, it's mine as well. Everything points to a flush, but still hovering around the premarket gap down.jj9000 said:
Really surprised we're hovering around -1% on S&P. Logic suggests tanking. 9.1% wasn't priced in. I'm not buying it.
yep, may rip first and bury all the shorts, then when least expected they'll rug pull.Spoony Love said:Here's you're problem, it's mine as well. Everything points to a flush, but still hovering around the premarket gap down.jj9000 said:
Really surprised we're hovering around -1% on S&P. Logic suggests tanking. 9.1% wasn't priced in. I'm not buying it.
Is anyone still following MTTR? Down at this $3.75 level I'm thinking about taking a big chunk. Would be a long term hold of course.
Amazing manipulation
Didn't quite hit my big orders but glad I made some smaller buys in pre-market.
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AG
Spoony Love said:
I'm looking for SPY 374. That's the top of a down trend I've been watching. SPY has broken above it just this once since 6/8. If this gets back in that channel, we have lower lows coming.
Looks like she served as support
yeah i made a nice 70% on some calls riding TSLA from 680 to 705ish
Nasdaq green. Makes sense.
ProgN said:
damn son!
AAPL, if it can hold this trendline, could get back near yesterday's highs.
edit: bounced nicely so far
edit: bounced nicely so far
Sold today's UPRO for a quick 4% profit in Roth. Ready to jump back in if it poops again.
Sold my $Spy puts this morning on the CPI news dump fully expecting to leave some money on the table, but, apparently, I should have bought some calls.
Apparently people don't think the fun is done yet for the day. SPX 3700P expiring this afternoon has 25K vol 6.5K OI.
Bob Knights Paper Hands
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I got popped going in big on TSLA calls for a scalp. It looked bullish AF and QQQ did as well. The SPX chart looked like it would support another move up through the top of the channel, but then we pushed down pretty quickly. Still green for the day, but that one stung.
I think my new trading strategy will be anytime Tesla is in the $600s then you buy every dip possible.
BrokeAssAggie said:
9%*US Jun Consumer Prices +1.3%; Consensus +1.1%
— *Walter Bloomberg (@DeItaone) July 13, 2022
*US Jun CPI Ex-Food & Energy +0.7%; Consensus +0.5%
*US Jun Consumer Prices Increase 9.1% From Year Earlier; Core CPI Up 5.9% Over Yearhttps://t.co/1RtiKOkAsc
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i'm going in on some TSLA 750Cs. ready for an afternoon scalp