NVDA and AMD up +90% and 60% YTD respectively, time to trim some of these semis or do they still have more room to run?

Golf1 said:

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that 397.50 area was the perfect spot for bulls to hold before we drop big.

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Come on… get below it.

I couldn't take it anymore. Sold my NVDA about 5 minutes ago. I'm sure I'll regret it. But maybe it'll tank and I can get back in. I went from astronaut to cash in pocket in a matter of a month. So I can't complain.

Charismatic Megafauna said:

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I think they're gonna run spy up to the upper descending trendline at about 402.5 then pull the rug.

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402.47

Mine says 402.49. Nice call

let's see how the day ends. 4030 on ES is my guess on close.

Emphasis on guess.

Day isn't over of course but this has to encourage bulls for tomorrow. Fed did what they said they were going to do. Although, it would be a well timed statement by a Fed director to say something about a bigger rate hike is needed.

closing at the lows of the day is bullish?

No. It seemed they were going to fight off the dip below 397.50.

Janet Yellen saves the day

That NVDA daily candle gonna be ugly

gap closed

no trades = smart decision

holy cow that close was nuts.

Don't you want to say "this is overdone" or something like that? I bought a 395 call for tomorrow

Charismatic Megafauna said:

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Don't you want to say "this is overdone" or something like that? I bought a 395 call for tomorrow

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might work. might not.

SPX respected the downward trend line on the daily perfectly and stopped at the upward trend line. $10 swing in 1:30 under 0DTE. Nuts.

Job 1 is to preserve capital.

Hard rejection of the 50 day, but we closed above the 200. I think a bounce is likely.

Was this the reason

US TREASURY SECRETARY YELLEN: WE ARE NOT CONSIDERING INSURING ALL UNINSURED BANK DEPOSITS.

— Breaking Market News (@financialjuice) March 22, 2023

Electric bikes and scooter company?

Wonder how much money VEO has lost on the A&M campus? (barstool pranks)

Dan Scott said:

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More insider buying in BRDS.

https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=117353684&type=PDF&symbol=BRDS&companyName=Bird+Global+Inc.+Class+A&formType=4&formDescription=Statement+of+changes+in+beneficial+ownership+of+securities&dateFiled=2023-03-22&CK=1861449

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Bought when you mentioned it. Up 10%.

Dan Scott said:

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Was this the reason

US TREASURY SECRETARY YELLEN: WE ARE NOT CONSIDERING INSURING ALL UNINSURED BANK DEPOSITS.

— Breaking Market News (@financialjuice) March 22, 2023

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She could've said something softer than that. I can almost guarantee you that one or two more banks will fail because of that statement alone. Insane.

They'll have to do something after that happens. Otherwise, when the real estate market start showing significant weakness, the entire banking system will get destroyed.

Or, maybe that's what they want.

cgh1999 said:

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Dan Scott said:

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Was this the reason

US TREASURY SECRETARY YELLEN: WE ARE NOT CONSIDERING INSURING ALL UNINSURED BANK DEPOSITS.

— Breaking Market News (@financialjuice) March 22, 2023

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She could've said something softer than that. I can almost guarantee you that one or two more banks will fail because of that statement alone. Insane.

They'll have to do something after that happens. Otherwise, when the real estate market start showing significant weakness, the entire banking system will get destroyed.

Or, maybe that's what they want.

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It's going to take real estate imploding IMO. At least residential since they seem to be focusing on a lot of housing related inflation figures.

Danwell Home said:

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cgh1999 said:

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Dan Scott said:

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Was this the reason

US TREASURY SECRETARY YELLEN: WE ARE NOT CONSIDERING INSURING ALL UNINSURED BANK DEPOSITS.

— Breaking Market News (@financialjuice) March 22, 2023

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She could've said something softer than that. I can almost guarantee you that one or two more banks will fail because of that statement alone. Insane.

They'll have to do something after that happens. Otherwise, when the real estate market start showing significant weakness, the entire banking system will get destroyed.

Or, maybe that's what they want.

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It's going to take real estate imploding IMO. At least residential since they seem to be focusing on a lot of housing related inflation figures.

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A normal real estate dip is coming. Bank underwriting standards have tightened significantly over the last time. Borrowers typically have 10-15% more cash equity in projects than in previous times. Banks have higher levels of capital on their balance sheets and would be much more prepared to handle the downturn.

What they weren't prepared for is the Fed removing a significant amount of liquidity from the market and simultaneously raising rates so fast that borrowers could not refinance their projects.

So, WHEN RE problems arise, community and regional banks won't have the balance sheet strength to manage because the fed and yellen are all but encouraging depositors to move to Chase, BAC, and other too big to fail banks.

What's a good real estate ETF to check out when it seems like it's bottoming out?

Let a few small to midsize banks fail so the big banks can swoop in and get bigger.