XOM trying to flag already this morning
bigtoneag said:What are those 10 million jobs though? I don't think the people getting laid off at Google can drive a forklift.Bonfire1996 said:
Exactly my point Prog. Normies and press will say these layoffs need to happen so the fed takes their foot off the brakes. But doesn't that 10 million job opening number have to disappear before unemployment can rise?
They'll just go on unemployment and move back home. Lets be real.BREwmaster said:bigtoneag said:What are those 10 million jobs though? I don't think the people getting laid off at Google can drive a forklift.Bonfire1996 said:
Exactly my point Prog. Normies and press will say these layoffs need to happen so the fed takes their foot off the brakes. But doesn't that 10 million job opening number have to disappear before unemployment can rise?
Better learn then son! Maybe Google is laying off lazy millennials. I have a family member that used to work there. Many of them younger than him would show up late and punch the clock early.
Maybe they can fill openings in the food sector or waste management. Lol
I hope he has a good exit strategy. That move to sub 369 was probably a good exit for most of it, especially with tomorrow expiration, oomph. Or exit all at 369 and then wait for a rip up, roll out to next week.BaylorSpineGuy said:BlueTaze said:BaylorSpineGuy said:
My friend's script is holding perfectly. He's calling for the several day red waterfall like we saw June 9-13. Thinks 3400 from here. I'm gonna load up more OTM puts at the open.
Let's get it.
How "deep" were his OTM puts expiring tmrw?
If a 12% down move was needed for profit, we need an absolute bloodbath today and tmrw.....but who knows, if they weren't too far OTM he could already be sitting good after yesterday.
He had 6 total trades and 4 were ITM at close yesterday. He had outliers at 372 and 362, if I recall right.
He's holding out till at least 3500 lol.
FTAG 2000 said:BPCAg05 said:
https://www.cassavasciences.com/news-releases/news-release-details/cassava-sciences-files-lawsuit-against-perpetrators-short-and
This means they have the goods on their data / trials, right?
Please tell me you've worn this to work for Halloween at least one time.Bonfire1996 said:
Im a banker. The investment property loan programs for long term fixed rates aren't plentiful. It isn't like a Fannie Mae mortgage for a primary residence with super easy qualifications.
BREwmaster said:I hope he has a good exit strategy. That move to sub 369 was probably a good exit for most of it, especially with tomorrow expiration, oomph. Or exit all at 369 and then wait for a rip up, roll out to next week.BaylorSpineGuy said:BlueTaze said:BaylorSpineGuy said:
My friend's script is holding perfectly. He's calling for the several day red waterfall like we saw June 9-13. Thinks 3400 from here. I'm gonna load up more OTM puts at the open.
Let's get it.
How "deep" were his OTM puts expiring tmrw?
If a 12% down move was needed for profit, we need an absolute bloodbath today and tmrw.....but who knows, if they weren't too far OTM he could already be sitting good after yesterday.
He had 6 total trades and 4 were ITM at close yesterday. He had outliers at 372 and 362, if I recall right.
He's holding out till at least 3500 lol.
this market loves to hose everyone, puts calls, doesn't matter.
BaylorSpineGuy said:
I bought a 3720P at 3742, SPX 0DTE. Will watch here and will cut for a small loss above 3745.
but there are many other studies demonstrating the linkage between the 2 year / 10 year inversion of the yield curve leading to every recession.FTAco07 said:
To follow on to my previous post, every single time the 3-mo yield is greater than the 10-year yield there is a recession shortly thereafter and nothing kills the inflation boogeyman like a recession.
The FRED data I am looking at only goes back to 1982, but look at the chart linked below. This part of the curve first inverted October 18 and again October 25th, just last week. As you can see, there's always a few months lag before the technical recession starts so I am not going to market time, but I would be prepared over the next 6 months. If/when the 10-year gets to mid-4s I would load up because you can lock in a nice risk free return while the market continues to tank and take advantage of capital appreciation as bond yields start dropping (prices increasing) long before the equity market bottoms.
https://fred.stlouisfed.org/series/T10Y3M
looks like H&SSpoony Love said:
SPY going to head back down to morning lows?
Would make total sense to have a huge chop day after yesterday. Ba stard market!
Jim Cramer does it again.#JimCramer - Inverse Cramer pic.twitter.com/v1t5rO5bEG
— Jim Lewis 💰⚒💰 (@Galactic_Trader) November 3, 2022
it was the right move. Looks like we're entering 30K's no trade zone. aka the black hole of premium killing.BaylorSpineGuy said:BaylorSpineGuy said:
I bought a 3720P at 3742, SPX 0DTE. Will watch here and will cut for a small loss above 3745.
Paper handed this one. Was up 35% at one point but missed good exit. Finally closed for $7.00. So took slight gain
this is why some "analysts" are claiming there will be a "soft landing" recession because the JOLTS has so many open job positions.Bonfire1996 said:
If y'all have time, help me with a theory.
Given: Inflation is high and everyone knows it
Given: Current Workers know that they have to work to be able to live given high inflation
Given: 10 million job openings in USA currently, and staying steady
If the above is true, and the FED has stated that employment must be crushed before inflation can subside. Wages are up 7.7% which directly leads to inflation as increased money drives prices higher with stagnant supply. If all that is true, when companies like GOOGL who says they're laying off 20% of their workforce, won't those 20% and other layoffs transition to one of those 10 million open jobs because they have to work to afford inflation?
So don't we need employment to get crushed and those 10 million job openings to disappear before we see stabilization in inflation?
If so, holy shlt.
LOL I wish. Great lineProgN said:Please tell me you've worn this to work for Halloween at least one time.Bonfire1996 said:
Im a banker. The investment property loan programs for long term fixed rates aren't plentiful. It isn't like a Fannie Mae mortgage for a primary residence with super easy qualifications.
^^ I think this happens today. ^^ (Looks like $84.59 was the LOD, guess I was greedy)Farmer @ Johnsongrass, TX said:L@@ky L@@kyBrian Earl Spilner said:Farmer @ Johnsongrass, TX said:
GOOGL
G@@GL
My first order to buy is $84.55
agree, I use them with levels and they're money. I use them with 3 min or 5 min chart, for scalping.Philip J Fry said:
I started trading off Bollinger bands yesterday. How have I gone this long without looking at these?