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24,624,698 Views | 233249 Replies | Last: 4 min ago by Heineken-Ashi
ProgN
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When you have time, like on a weekend or something, will you look into SMCI from a fundamental side not TA. Based on some of your previous posts, I believe they're in an industry that you're very familiar with.
$30,000 Millionaire
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AG
You want my professional opinion on their products, right?
FJ43
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Evening Gents….

Ok SPY update from a redneck point of view.

Same chart I've posted before but zoomed in a bit and a few more details.

407.86 (MT from lows/highs I mentioned) prior level held……but

Lost the 21EMA today

The blue box I had on prior charts. That's a mess and I think needs to be cleaned up. If I'm a betting man I think we see 404s. Just below the blue EMA which is the 50.

After that 400ish is a magnet IMO. Close to the red EMA which is the 200. Yeah 402 and change is in between.

Lose that and I could see bouncing our way through 398, 395, 392 to 388ish.

Red box to the right is a possibility to chop into for a few days….but….not my cup of tea to trade into unless your Josey Wales. I can't ride that horse this week.

416.32 (oh one of my favorite trading levels for a while) has to break and hold to go up. 410.71ish first though.

Traders market gents.

Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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I'm thinking VIX takes a stab at 20 tomorrow. Breaks and holds that…23 up next.

After that Valhalla and I'll look to get me a good used skid steer with a forestry mulcher.

If none of that happens then I'll just have to buy another axe.



Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

ProgN
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$30,000 Millionaire said:

You want my professional opinion on their products, right?
Both actually.
ProgN
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FJ43 said:

I'm thinking VIX takes a stab at 20 tomorrow. Breaks and holds that…23 up next.

After that Valhalla and I'll look to get me a good used skid steer with a forestry mulcher.

If none of that happens then I'll just have to buy another axe.




IIRC, the last axe I truly worked was freshman yr at cut with Aston Hall.
wanderer
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ProgN said:

Gonna be brutal tomorrow at the open. Any chance we see SPY 400 tomorrow?
And just like that /ES is green. A ~35pt drop and recovery AH.
jimmo
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if i had been on my toes, coulda got XOM for <106$
it was like a ~1 minute window lol
oh well
Brewmaster
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AG
this is good right? lol



Charismatic Megafauna
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AG
If you like a good ax check out Husqvarna. Gransfors/hults quality but a lot cheaper. Love mine (except i found a piece of concrete the other day hacking roots out for a new flower bed...got to spend some quality time with the file)
Charismatic Megafauna
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AG
So what happens if you have puts on one of these banks that goes under? Can you sell or does it get halted until they expire and you're scrood?
ProgN
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wanderer said:

ProgN said:

Gonna be brutal tomorrow at the open. Any chance we see SPY 400 tomorrow?
And just like that /ES is green. A ~35pt drop and recovery AH.
Yeah, nothing bout today makes sense for that to happen.
$30,000 Millionaire
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AG
The tech world is so different than it was 20 years ago. Maybe that happens but it's also stupid because we are about to have the AI boom.
aggies4life
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AG
What are your top picks for ai. Mfst and nvda?
Aggie09Derek
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AG
Anyone else taking a gamble on CMA?

They seem to be getting crushed unnecessarily
M4 Benelli
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ryanhnc10 said:

PACW going bye bye


https://www.pacwestbancorp.com/news-market-data/news/news-details/2023/Pacific-Western-Bank-Issues-Update/default.aspx

ProgN
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Aggie09Derek said:

Anyone else taking a gamble on CMA?

They seem to be getting crushed unnecessarily


Iirc, Bonfire96 didn't like CMA and said he'd avoid it.
Triple_Bagger
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M4 Benelli said:

ryanhnc10 said:

PACW going bye bye


https://www.pacwestbancorp.com/news-market-data/news/news-details/2023/Pacific-Western-Bank-Issues-Update/default.aspx


Thanks for sharing. I listened to their earnings call last week and they were very optimistic about their financials. I was shocked to see the sell off AH on unconfirmed rumors.

It was a bit of a gamble but I went with my gut and bought more shares at $2.85 last night. I just sold those shares for a 40% return. Good start to the day.
FTAG 2000
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AG
Didnt get any PACW but grabbed some WAL in AH yesterday when it dipped down. Didnt catch the bottom but got in at 19 after it reversed.

#shouldaboughtmore
Heineken-Ashi
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Trading on fundamentals when a stock or sector is moving based on mass fear is a dangerous game. Fundamentals don't matter a lick in times like this.

And no matter how "strong" a bank might be, it's only as strong as the faith of the depositors within it and it's ability to hold the line in the event those depositors pull their money.

Don't forget that the entire system is built on fractional banking and faith. The FDIC will even be irrelevant if enough faith is lost in the system. The FDIC isn't some ultra strong backdrop. It's merely another layer of made up faith in the system. Another layer between the public and the partnership of the FED and government. Lose enough faith and there's nothing that can be done except print money.

Remember that there aren't enough deposits and assets in the world to save the day if the public loses faith and makes a run. An economy propped up by historically low interest rates and borrowed money, backed by a fraction of the valuation in cash and assets, is a ticking time bomb. Be careful.
"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)
FTAG 2000
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AG
Great point as always H-A.

Already sold out of WAL. Took the 25% and ran. The whole banking sector feels like playing with fire.
Boy Named Sue
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AG
Do y'all play VIX with an ETF like VXX?

(that kinda sounds like an Eminem lyric if you use a certain cadence)
$30,000 Millionaire
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AG
Inflated premiums.
$30,000 Millionaire
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AG
Not saying it will go up but I'd be surprised to see huge downside today.
cgh1999
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AG
Buying options on FHN, CMA, CADE and a handful of other regional banks. 1-2 contracts on each. 6-12 months out. If the banking system stabilizes these should all look good. If the banking system doesn't stabilize….welp, that would suck.
Boy Named Sue
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AG
Been watching LABU. Dipping below $6 this morning. Buy opportunity here?
$30,000 Millionaire
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AG
Depends on macros. I was out at 5.80s
wanderer
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Hard to look at S/R with leveraged ETFs, but $6 has been a pretty good S/R price. If you're gonna buy, I'd have a pretty tight stop. Just my opinion
Ccutamu
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Boy Named Sue said:

Been watching LABU. Dipping below $6 this morning. Buy opportunity here?
It's been trading crazy for the last few weeks with large swings. I've been buying and selling covered calls on it and have reduced my entry by 20% during the last month and a half. Looks like if it gets over 6.60 it could go. I know 30k said buy at 7 and sell at 8 a while back.
Chef Elko
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AG
Lol at banks and their inability to manage interest rate risk.
bmoochie
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AG
WAL halted now.
FJ43
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FJ43 said:

I'm thinking VIX takes a stab at 20 tomorrow. Breaks and holds that…23 up next.

After that Valhalla and I'll look to get me a good used skid steer with a forestry mulcher.

If none of that happens then I'll just have to buy another axe.






Ping target 1
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

BT1395
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AG
Any thoughts on MOS? Made good money both holding and trading this over the past few years, but they have been beaten down lately. Not the best earnings report yesterday but outlook is still fundamentally pretty solid in my opinion. Any short-term play here?
FTAG 2000
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AG
What did we decide on MCB? They healthy or a risk for failure?
gougler08
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AG
Woah, I see you SHOP
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