Y'all have a trading problem. Seek help….
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Stock Markets
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Y'all have a trading problem. Seek help….
Bob Knights Paper Hands
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I am actually in the SAVA discord, although I rarely post there or even open it.
FJ43 said:
Y'all have a trading problem. Seek help….
And I'm assuming you think people losing their paychecks at a casino have a gambling problem???
Bob Knights Paper Hands
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FJ43 said:
Y'all have a trading problem. Seek help….
Tonights cure
So says the king of lotto Fridays. If a deserved lightning bolt takes out your ass, just know that we loved you.FJ43 said:
Y'all have a trading problem. Seek help….
Opinions on $BIRD? Feels like pretty low risk from here.
This could give us a tradable temporary bottom tomorrow. Ugly open, AAPL way down, they might buy that.
They're considered hedge fund managers in this brutal bear market.Golf1 said:FJ43 said:
Y'all have a trading problem. Seek help….
And I'm assuming you think people losing their paychecks at a casino have a gambling problem???
Good post on the the importance of the dollar and I enjoy Carter on CNBC. The world economy could easily crash harder than ours (ie Europe and Asia) leading to our dollar going higher as flight to safety/quality. This would be a reason the channel in his chart will not hold. If dxy continues to rise above the channel, I take that as a sign of broken world markets and equities will get punished. As of 21:30, the DXY rising and breaking previous day high. QQQ/NQ1 inversely following the dollar and breaking the lows from last week. QQQ still has not broken the June low like the dow and spy, but I have been buying sqqq expecting it. Carter made a good point on fast money the other day. He thinks equities break the June lows because we are close now and our economic situations is worse than it was in June of this year. If the economy is worse now and deteriorating, then we definitely be priced below the June lows. I am going to be following the dxy dollar and am not going long until it cools off. This strong dollar is bad for everything we sell out of country and all the cheap foreign stuff we buy will be cheaper. It may be good for margins of stores with high inventories of foreign products, dollar stores. I am not an economist nor a pro trader, so if y'all see it different, I would appreciate the constructive criticism.BlueTaze said:The Dollar is at the upper band of the well-defined channel in which it’s been ascending the past 12 months. We’re thinking a check back to at least the middle of the channel (and quite possibly to the lower band of the channel) is likely. $DXYhttps://t.co/RRxJAeLcgO pic.twitter.com/op7Io8NJQV
— Carter Braxton Worth (@CarterBWorth) September 27, 2022
CNBCs top TA guy is predicting a USD reversal AND also a market crash to pre-covid highs. I don't see how both can happen.
$30,000 Millionaire said:
Opinions on $BIRD? Feels like pretty low risk from here.
It's the word.
Twitter says the world is ending and market going to 0, that means ATH in October?
Capitulation may be inbound. I'm expecting sub 3600 overnight.
Txducker said:Good post on the the importance of the dollar and I enjoy Carter on CNBC. The world economy could easily crash harder than ours (ie Europe and Asia) leading to our dollar going higher as flight to safety/quality. This would be a reason the channel in his chart will not hold. If dxy continues to rise above the channel, I take that as a sign of broken world markets and equities will get punished. As of 21:30, the DXY rising and breaking previous day high. QQQ/NQ1 inversely following the dollar and breaking the lows from last week. QQQ still has not broken the June low like the dow and spy, but I have been buying sqqq expecting it. Carter made a good point on fast money the other day. He thinks equities break the June lows because we are close now and our economic situations is worse than it was in June of this year. If the economy is worse now and deteriorating, then we definitely be priced below the June lows. I am going to be following the dxy dollar and am not going long until it cools off. This strong dollar is bad for everything we sell out of country and all the cheap foreign stuff we buy will be cheaper. It may be good for margins of stores with high inventories of foreign products, dollar stores. I am not an economist nor a pro trader, so if y'all see it different, I would appreciate the constructive criticism.BlueTaze said:The Dollar is at the upper band of the well-defined channel in which it’s been ascending the past 12 months. We’re thinking a check back to at least the middle of the channel (and quite possibly to the lower band of the channel) is likely. $DXYhttps://t.co/RRxJAeLcgO pic.twitter.com/op7Io8NJQV
— Carter Braxton Worth (@CarterBWorth) September 27, 2022
CNBCs top TA guy is predicting a USD reversal AND also a market crash to pre-covid highs. I don't see how both can happen.
I do not disagree. The dollar, and inversely EUR/USD, has been one of the most reliable beer candle trades all year. Bet with the trend and profits have followed. I'm currently short on the EUR/USD looking for $0.94 before I exit and expect the next relief. Not to mention, the overnight financing rates actually pay me to be short on it. That's worth a cold refreshing Heineken by itself.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Curios why you think we capitulate at basically the same level we touched in June (a few points off)? I would've guessed capitulation would happen at even lower levels.
When Cramer starts crying, all chips get pushed in.
BaylorSpineGuy said:
Curios why you think we capitulate at basically the same level we touched in June (a few points off)? I would've guessed capitulation would happen at even lower levels.
I'm assuming because if we dip below the June lows, we are in an abyss before we hit support again.
I think it's lower. Watch for hammer bottom
Mornun!
Red around the horn gents.
US red
EU red
Asia red
VIX over 34 just before this post.
Last time we had 7 red candles in a row I think it was in Jan with a quick look. Start of this bear market trend. We are on candle 7. Edit: on a treadmill but went back to 2008 and don't think I saw 7 red candles in a row other than 1/2022.
Let's get a good flush and get this party started.
Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
ProgN said:So says the king of lotto Fridays. If a deserved lightning bolt takes out your ass, just know that we loved you.FJ43 said:
Y'all have a trading problem. Seek help….
Loved ? Past tense……
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
SAVA touching 54.51 premarket.
Epic run. Over 4X since July. Sheesh….
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Looks like reversal at the top, No?
Early premarket. I suspect it'll make a push and retrace a little. On 15min premarket it's bull flagging. Wont surprise me to see 60. Could be shorts covering.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Be careful of speculative bio stock plays during down markets. Seems like they spike for little to no reason in these environments.
Interesting. BoE pivots and starts buying UK bonds.
Tricky trading here. Powell speaks today. My guess is he reiterates the same stuff as before.
Tricky trading here. Powell speaks today. My guess is he reiterates the same stuff as before.
Missing AustinAg these days and his insights on bonds and FX markets.
Sending out an S.O.S.
Sending out an S.O.S.
You want to extrapolate out the possible move that SAVA could make if their phase 3 trials prove their drug works?
Look at BIIB PM. It's up 100+ and has 4X the float of SAVA. The Alzheimer's market potential is monstrous for a successful treatment.
Look at BIIB PM. It's up 100+ and has 4X the float of SAVA. The Alzheimer's market potential is monstrous for a successful treatment.
Notice his red candle comment. Same as my morning post. Let's see.
Yesterday, target was 3645 & after very rare 6 red days in a row for #ES_F, this has a become major battleground/trap lvl, basing here 20hrs, trying to break down *5x*. Bears dropped ball
— Adam Mancini (@AdamMancini4) September 28, 2022
Plan today: Bulls need >3655-60 to start rally to 3680, 3700, 3755. 3635 fails, we see 3575 https://t.co/3jwsO9Dlc4
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Are you trying to tell me that the 15 RSI on QQQ this morning is bullish? (on the 5 minute chart)
Bob Knights Paper Hands
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ProgN said:
You want to extrapolate out the possible move that SAVA could make if their phase 3 trials prove their drug works?
Look at BIIB PM. It's up 100+ and has 4X the float of SAVA. The Alzheimer's market potential is monstrous for a successful treatment.
Yep. It's either going >$150 or it's going to $0. At this point we can hope, but no one really knows which. In my mind if you can get enough potential ROI of 10x or more, it seems like good expected value. If you get are getting in on anything 5x or less, I'm not sure that expected value works out well.
Time is also a factor. It's likely to be 2024 before we get any PH3 results and 2024 or 2025 before any potential approval. Will we get any interim PH3 results before then is a big question.
Bob Knights Paper Hands
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We got close to that FJ and Mancini level and double tapped at 5am. Since then we've been really green. It'll be interesting to see if this rally has any legs.
Bob Knights Paper Hands
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Since we like bold calls here, I'll say that if we bounce here I think we'll get back to the 50-ema near $3900 before deciding a direction. If this sells off today, I think we touch that precovid high near $3400.
Personally going to wait for the IB to finish.
Bob Knights Paper Hands
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If we get a green day then AAPL, AMZN, SPX and TSLA are my horses to ride. If we go red it's QQQ and TSLA.
The Bank of England printing money and purchasing long-dated GILTs to suppress yields at the same time as a currency crisis pic.twitter.com/nMunjkpwIp
— Dr. Parik Patel, BA, CFA, ACCA Esq. (@ParikPatelCFA) September 28, 2022
Bob Knights Paper Hands
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The daily SKEW looks odd, going up the last three days even while SPX continues to be red, VIX continues climbing, and sentiment appears extremely bearish. That makes me think someone is buying a lot of ITM calls right now.
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