Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Stock Markets
25,041,345 Views |
233818 Replies |
Last: 59 min ago by Heineken-Ashi
Agree. I think we have more down yet. Maybe we hold SPY low 390s. If not…..we'll….
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Aren't we about the same level below the moving average lines now as we were above those yesterday? I get the terrible inflation report sort of trumps that, but why do trend lines matter here and moving averages don't but it was reversed yesterday?
bought a couple lotto GOOGL 97p in case things get silly
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
Bookmark this.
In 2 to 3 weeks Saudi will cut crude production. OPEC+ is 3.4mbd under quota for August. Record for being under quota. Basically, since the beginning of the year Commercials have approximately a 9 million barrel build....while 150 million barrels have been released from the SPR (March to present). There is no "build". Maybe that helps paint the picture a bit better. Without the SPR releases(March to present), WTI should have been and presently be $150+, gasoline at the pump should have been and presently be north of $10/gal......for several months.. November should deliver the racheting price increases. Energy is not going to help those CPI numbers, that's why I noted earlier energy could blow up the CPI progress in the YoY calculation.
But ask yourself, are we really at 8% inflation? Maybe consider this, this Administration (DOE/EIA) published numbers that stated our fuel demand/consumption in June and/or July was less than our COVID Lock-Down when nobody drove to work. Sure it was..
In 2 to 3 weeks Saudi will cut crude production. OPEC+ is 3.4mbd under quota for August. Record for being under quota. Basically, since the beginning of the year Commercials have approximately a 9 million barrel build....while 150 million barrels have been released from the SPR (March to present). There is no "build". Maybe that helps paint the picture a bit better. Without the SPR releases(March to present), WTI should have been and presently be $150+, gasoline at the pump should have been and presently be north of $10/gal......for several months.. November should deliver the racheting price increases. Energy is not going to help those CPI numbers, that's why I noted earlier energy could blow up the CPI progress in the YoY calculation.
But ask yourself, are we really at 8% inflation? Maybe consider this, this Administration (DOE/EIA) published numbers that stated our fuel demand/consumption in June and/or July was less than our COVID Lock-Down when nobody drove to work. Sure it was..
SPY looks to be forming a rounded bottom intraday
SPY 399 rejected again.
Eye balling OXY for an entry in the loading zone below 64ish.
It probably won't get there.
It probably won't get there.
I do like a rounded bottom!wanderer said:
SPY looks to be forming a rounded bottom intraday
Back to flirting with the chop bottom.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,985
How long do you want to ignore this user?
AG
So which e&p swings the hardest with oil prices? Back before they went bk OAS was a pretty good swing. Maybe cpe? Lpi? Someone highly leveraged and at risk of getting their loan to asset ratio out of whack with falling oil prices? Tricky because higher interest rates hurt the same players
Did this really happen? Post an analysis please.Quote:
Maybe consider this, this Administration (DOE/EIA) published numbers that stated our fuel demand/consumption in June and/or July was less than our COVID Lock-Down when nobody drove to work. Sure it was..
Bulls seem out of ammo.
topher06 said:
Aren't we about the same level below the moving average lines now as we were above those yesterday? I get the terrible inflation report sort of trumps that, but why do trend lines matter here and moving averages don't but it was reversed yesterday?
Extended above the 5 EMA specifically usually is overbought especially when multiple days in a row with no consolidation on SPY. It ran right into resistance on the last leg up and was rejected. The volume profile at the level was a wall with no power volume to push through.
On the downside once it loses price support your looking to the next lower level down. We are not oversold yet on RSI so my 2 cents is there is still room downside.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Just went net free on my 10/14 400P. Gonna hold these last couple contracts until things clearly seem to find steady support. Certainly didn't break the bank by choosing such a long timeframe but I don't feel pressured to close the contracts urgently now.
I said last week I would likely have to trade longer range options, and this has worked well now.
I said last week I would likely have to trade longer range options, and this has worked well now.
Thanks. Trying to learn technical, so this stuff helps a lot.FJ43 said:topher06 said:
Aren't we about the same level below the moving average lines now as we were above those yesterday? I get the terrible inflation report sort of trumps that, but why do trend lines matter here and moving averages don't but it was reversed yesterday?
Extended above the 5 EMA specifically usually is overbought especially when multiple days in a row with no consolidation on SPY. It ran right into resistance on the last leg up and was rejected. The volume profile at the level was a wall with no power volume to push through.
On the downside once it loses price support your looking to the next lower level down. We are not oversold yet on RSI so my 2 cents is there is still room downside.
Now 175 points off the high of the day, #ES_F remains in knife catch mode but taking breather at the 4010-4k support area. Very small window for relief bounce but bulls running out of time (4025, 4040 above here)
— Adam Mancini (@AdamMancini4) September 13, 2022
Todays lows fail, we continue the sell direct to 3985, 3960 https://t.co/0i8VJYSWuE
Worth noting September is tracking its seasonality very well in $SPX: 1st couple weeks very strong, with back half ugly (averaging out as worst month of the year - last 4 Septembers all saw 5-20% sells). *IF* seasonals keep tracking, next major strength phase not until early Oct pic.twitter.com/7VduiRn43C
— Adam Mancini (@AdamMancini4) September 13, 2022
So much for that pretty rounded bottom....
Anyone wanna buy puts on FSLR? Solar panels have been all the rage and they have taken this stock from 70 to 140 in just a couple months, but looks to have put in a reversal. Model T should take this to 105 range.
What's a good R/R here? 120P in Nov or 125P for 10/21? I'm never great at selecting which strike and expiration but this clearly a reversal in my mind.
What's a good R/R here? 120P in Nov or 125P for 10/21? I'm never great at selecting which strike and expiration but this clearly a reversal in my mind.
Buying UPRO here.
You don’t trade for money, you trade for freedom.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
Go to https://www.eia.gov/Bonfire1996 said:Did this really happen? Post an analysis please.Quote:
Maybe consider this, this Administration (DOE/EIA) published numbers that stated our fuel demand/consumption in June and/or July was less than our COVID Lock-Down when nobody drove to work. Sure it was..
Getting to be excessive intraday downside
You don’t trade for money, you trade for freedom.
Don't know about y'all but this is awesome
Getting closer
Getting closer
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I paid for our chartered fishing trip tomorrow and my wife's shopping yesterday with today's gains lol. Yes, am pleased.
Will watch 394.12 to see if any volume pick up on 1min
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
We are here.
Yall holding SPY puts and vix calls overnight?
i bought round two of MES-F 3800P for oct, earlier today when we weren't moving off 4010. those are again up 50% already now.
i sold the first batch off from yesterday, and am keeping a few runners left from round two.
two big wins today!
i sold the first batch off from yesterday, and am keeping a few runners left from round two.
two big wins today!
I bought a few at a different strike when you proposed this idea the other day so thank you. Unfortunately I accidentally forgot to put my sale order in quantity correctly to go netfree this morning but still a very profitable trade. Would have probably sold by now anyway. Curious to see where we go now. Probably bounce from FJ trend line if i were to guess.BaylorSpineGuy said:
Just went net free on my 10/14 400P. Gonna hold these last couple contracts until things clearly seem to find steady support. Certainly didn't break the bank by choosing such a long timeframe but I don't feel pressured to close the contracts urgently now.
I said last week I would likely have to trade longer range options, and this has worked well now.
I took FSLR Oct 21 120 puts
This is a ugly af
I took Nov 120P. Somehow missed this massive run and never heard a whisper but planning to make it up on downside.
Featured Stories
See All
7:22
4h ago
4.1k
35:15
2h ago
428
Pick 'Em & Rip 'Em sponsored by PrizePicks: Week 14
by Matthew Dawson
22:14
19h ago
2.6k
tylhair
If Elko said "if you give NIL $30M I'll get a championship roster" would you give?
in Billy Liucci's TexAgs Premium
86
Bunk Moreland
So texas is getting in the playoff no matter what right?
in Billy Liucci's TexAgs Premium
62
DadHammer
9 Sec Conference games would be suicide - SOS not considered at all by Committee
in Billy Liucci's TexAgs Premium
54