XOM trying to flag already this morning

BREwmaster said:

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bigtoneag said:

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Bonfire1996 said:

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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?

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What are those 10 million jobs though? I don't think the people getting laid off at Google can drive a forklift.

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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

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They'll just go on unemployment and move back home. Lets be real.

picture fail

FTAG 2000 said:

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BPCAg05 said:

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https://www.cassavasciences.com/news-releases/news-release-details/cassava-sciences-files-lawsuit-against-perpetrators-short-and

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This means they have the goods on their data / trials, right?

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To me it means they are fine with laying all their cards on the table, since they know the defendants named in the lawsuit will force that out in discover. It also makes me think they truly feel they are air tight as far as their studies go. That doesn't mean that simufilam is going to get approved, but it means they still feel confident. If they were conserved or just bilking investor money, they wouldn't file this.

All that said, I still think there's less than a 20% chance simufilam gets approved. So for me any money invested should have a realistic target of 1000% profit or more if approval were to happen.

I bought a 3720P at 3742, SPX 0DTE. Will watch here and will cut for a small loss above 3745.

FTAco07 said:

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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

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but there are many other studies demonstrating the linkage between the 2 year / 10 year inversion of the yield curve leading to every recession.

that inversion has been going on for literally 5 months now.

Spoony Love said:

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SPY going to head back down to morning lows?

Would make total sense to have a huge chop day after yesterday. Ba stard market!

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looks like H&S

seems all the cool kids change their names, I'll try too. credit to one of the Mcinnis's for the name.

BaylorSpineGuy said:

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BaylorSpineGuy said:

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I bought a 3720P at 3742, SPX 0DTE. Will watch here and will cut for a small loss above 3745.

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Paper handed this one. Was up 35% at one point but missed good exit. Finally closed for $7.00. So took slight gain

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it was the right move. Looks like we're entering 30K's no trade zone. aka the black hole of premium killing.

Anybody looking to enter ENVX here or let it settle out some post earnings?

Bonfire1996 said:

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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.

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this is why some "analysts" are claiming there will be a "soft landing" recession because the JOLTS has so many open job positions.

I'm doubtful things will work out that way, and believe that there will have to be an increase in unemployment to bring down inflation before the Fed lets up and pivots.

Dumped Google at $85

Have done OK today but not easy.

I bought some 365P expiring Monday. Will look to unload these tomorrow if no further follow through today.

ProgN said:

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Bonfire1996 said:

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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.

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Please tell me you've worn this to work for Halloween at least one time.

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LOL I wish. Great line

Anyone still playing those GOLD Leaps?

Not horrible

Interesting to see if 373 holds. IMO we go back below 370 today or tomorrow.

SPY H&S forming on 15 minute chart?

They help but they're not 100%

Is there anything in trading that is?

Philip J Fry said:

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I started trading off Bollinger bands yesterday. How have I gone this long without looking at these?

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agree, I use them with levels and they're money. I use them with 3 min or 5 min chart, for scalping.