Looks like algorithms driving us up this morning
ChemAg15 said:
Looks like algorithms driving us up this morning
just some pre-election position softening with no real follow-through afterward?Bonfire1996 said:
Darn filter
Sound advice, Friday opex - it could be super choppy.Spoony Love said:
If you have any SPY puts that are green for today, you may want to go ahead and think about cutting. Max pain is 373 and I would think we head back that way at some point.
$30,000 Millionaire said:
Easy peasy boys and girls. Covered my steak dinner tonight.
oldarmy1 said:
Everyone DOES see that huge Head & Shoulders on the macro markets I trust. Now do you think it holds and the pattern breaks OR did the pattern already signal last week and this is all just noise, retesting the neckline before breaking down?
BTW, as I type we have an intraday head and shoulder pattern just formed. Great to know if it follows with a breakdown to wipe out the move today or gets busted to upside.
Just wanted to weigh in with caution and if you're thinking a big rally off this neckline is coming, use calls vs shares. Keep your loss potential fixed and smaller for now.
Ag CPA said:
Market is so desperate for a pause or pivot, kiddies aren't used to a bear market that lasts more than a month.
H&S into a Dreaded h. Where are the buyers if the market is so wonderfully valued? $SPY pic.twitter.com/cPqslvPQub
— Freedom Costs More Than Being Concerned... (@oldarmy1) October 21, 2022
Quote:
10/21 (Reuters) - Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil producer's cash flow and earnings outlook.
Exxon is leading a parade of record profits among oil majors this year after doubling down on oil during the pandemic, when energy prices fell to a two-decade low and European oil majors slashed spending and moved further to renewable projects.
The stock hit $105.95 early Friday, above the prior record high close of $104.59 from June 8.
The rally comes as vindication for Chief Executive Darren Woods, who as oil prices fell in 2020 decided to "lean in" to oil investments. Exxon, he said then, would not engage in a "beauty match" with its peers pursuing solar and wind." "Exxon shares are up more than 70% to date this year, ahead of the market gains by competitors Shell PLC, BP PLC, and U.S. oil major Chevron Corp." "Next week, Exxon could post another strong quarter on high natural gas prices, putting it on track for a record annual profit this year of $54.80 billion, according to IBES Refinitiv, more than its cumulative earnings since 2018."
irish pete ag06 said:
Stupid question that I should know the answer to...
How does selling SPX or XSP calls/puts work since it's cash settled?
I have never sold anything uncovered before... was curious how these work uncovered.
Yes, I think it's already priced in, but just a minnow's opinion here. I think the headline this morning was from the WSJ, something like, "Fed expects 1 more hike of .75 and smaller hikes thereafter". The market pushed up pretty hard on that news. and the market typically front runs these hikes.Farmer @ Johnsongrass, TX said:
Anybody here in the camp that the 10 Year Treasury has the next (Nov 2) .75 rate hike priced in?