kind of late in the day and not sure I want to trust it after having some points on the board today, but I would not be shocked to see a rally to SPX 4070.
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Last: 19 min ago by South Platte
bank putsFJ43 said:
Ok degenerates……what's the lotto play for tomorrow?
I'm looking at put spreads out a ways as well.
https://www.tradingview.com/news/seeking_alpha:a40932d5a094b:0-amd-surges-as-microsoft-said-to-help-finance-ai-chip-push/Saltyag15 said:
AMD....go home, you're drunk!
yep$30,000 Millionaire said:
kind of late in the day and not sure I want to trust it after having some points on the board today, but I would not be shocked to see a rally to SPX 4070.
I did CMA at the open. Closed for over 100% I think you are 10000% right that bank puts are the way to go. can go $15 OTM and any 10-15% drop like we have been seeing in some of these are going to move them.perma Brew doomster said:bank putsFJ43 said:
Ok degenerates……what's the lotto play for tomorrow?
I'm looking at put spreads out a ways as well.
Side note I have looked at the options activity on these banks just on my brokerage and its heavy. Would be curious to see what the flow is overall if anyone subscribes to that. There is a ton of negative sentiment obviously but it seems all strikes and months out have a lot of action.
NNOX trying to run again?
Your a witch 30K!$30,000 Millionaire said:yep$30,000 Millionaire said:
kind of late in the day and not sure I want to trust it after having some points on the board today, but I would not be shocked to see a rally to SPX 4070.
Boy Named Sue said:
NNOX trying to run again?
yep, exactly. I won't play the really big bank names (like JPM), but even SCHW (schwab) has a terrible looking balance sheet. They are almost certain to go under or get absorbed.bmoochie said:I did CMA at the open. Closed for over 100% I think you are 10000% right that bank puts are the way to go. can go $15 OTM and any 10-15% drop like we have been seeing in some of these are going to move them.perma Brew doomster said:bank putsFJ43 said:
Ok degenerates……what's the lotto play for tomorrow?
I'm looking at put spreads out a ways as well.
Side note I have looked at the options activity on these banks just on my brokerage and its heavy. Would be curious to see what the flow is overall if anyone subscribes to that. There is a ton of negative sentiment obviously but it seems all strikes and months out have a lot of action.
with more banks certain to go under, this sounds like unnecessary risk. Why not just buy physical gold? (and maybe some silver). and it will beat the brakes off 4.5%.Dirt 05 said:
Some, not sure if all, banks will let you borrow against a CD directly issued by them, while they wouldn't do that with a brokered CD.
Also with regards to what happens to a CD at a bank that fails - in the case of First Republic it looks like JPM is going to honor all interest accrued through April 30th and then TBD what happens with the terms from there, but JPM holds the deposit now.
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/first-republic-faq.html
We're here. Weekly beer candles told me in November that the upward trend was potentially ending, and doing so before making a new high. So I looked to the previous low and it came down and hit in March. Now we're back to that same level and beer candles are still pointing lower. Daily is showing potential indecision but weekly has much room below and support doesn't feel like a screaming buy until $20.Heineken-Ashi said:Down to low $30's looks likely.TheCellarDoor said:
OA's APA is coiling tighter and tighter every day. I suck at charting, but if someone has it handy, it looks like something is about to give. Still a month left on the Dec' $55's.
O&G stocks are uncertain and potentially dangerous to opportunistic longs right now. Not saying to avoid, but be smart, mind your levels, and make sure and zoom out every once in a while. Not everything happens under a microscope.
"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)
- I Bleed Maroon (distracted easily by signatures)
It's a lot more difficult to buy precious metals with IRA funds.perma Brew doomster said:with more banks certain to go under, this sounds like unnecessary risk. Why not just buy physical gold? (and maybe some silver). and it will beat the brakes off 4.5%.Dirt 05 said:
Some, not sure if all, banks will let you borrow against a CD directly issued by them, while they wouldn't do that with a brokered CD.
Also with regards to what happens to a CD at a bank that fails - in the case of First Republic it looks like JPM is going to honor all interest accrued through April 30th and then TBD what happens with the terms from there, but JPM holds the deposit now.
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/first-republic-faq.html
I'm struggling with this on Schwab.perma Brew doomster said:yep, exactly. I won't play the really big bank names (like JPM), but even SCHW (schwab) has a terrible looking balance sheet. They are almost certain to go under or get absorbed.bmoochie said:I did CMA at the open. Closed for over 100% I think you are 10000% right that bank puts are the way to go. can go $15 OTM and any 10-15% drop like we have been seeing in some of these are going to move them.perma Brew doomster said:bank putsFJ43 said:
Ok degenerates……what's the lotto play for tomorrow?
I'm looking at put spreads out a ways as well.
Side note I have looked at the options activity on these banks just on my brokerage and its heavy. Would be curious to see what the flow is overall if anyone subscribes to that. There is a ton of negative sentiment obviously but it seems all strikes and months out have a lot of action.
I haven't dug deep, but why is their balance sheet so bad?
They're a top 10 bank, if they fail it feels like the economy and market is in deep **** (like 2008 territory).
Schwab is not failing.
What I didn't like about today is that it could just not come off the lows.
Heineken-Ashi said:We're here. Weekly beer candles told me in November that the upward trend was potentially ending, and doing so before making a new high. So I looked to the previous low and it came down and hit in March. Now we're back to that same level and beer candles are still pointing lower. Daily is showing potential indecision but weekly has much room below and support doesn't feel like a screaming buy until $20.Heineken-Ashi said:Down to low $30's looks likely.TheCellarDoor said:
OA's APA is coiling tighter and tighter every day. I suck at charting, but if someone has it handy, it looks like something is about to give. Still a month left on the Dec' $55's.
O&G stocks are uncertain and potentially dangerous to opportunistic longs right now. Not saying to avoid, but be smart, mind your levels, and make sure and zoom out every once in a while. Not everything happens under a microscope.
Been playing with the beer candles charting.
Question for you if you don't mind - you talk about no support until down around $20, but it looks like there would be some in the $23 area. What makes you confident on the $20 target?
History of Apple's $AAPL Q1 Revenue:
2010: $13.5B
2011: $24.7B
2012: $39.2B
2013: $43.6B
2014: $45.6B
2015: $58B
2016: $50.6B
2017: $52.9B
2018: $61.1B
2019: $58B
2020: $58.3B
2021: $89.6B
2022: $97.3B
2023: $94.8B
2010: $13.5B
2011: $24.7B
2012: $39.2B
2013: $43.6B
2014: $45.6B
2015: $58B
2016: $50.6B
2017: $52.9B
2018: $61.1B
2019: $58B
2020: $58.3B
2021: $89.6B
2022: $97.3B
2023: $94.8B
Was generalizing. Next two major clear as day supports are at $23 and then $15. Immediately pre-covid it traded in an $18-$33 range.
Last potential upward trendline has $23 in June or $25 in November.
Last potential upward trendline has $23 in June or $25 in November.
"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)
- I Bleed Maroon (distracted easily by signatures)
Thanks.Heineken-Ashi said:
Was generalizing. Next two major clear as day supports are at $23 and then $15. Immediately pre-covid it traded in an $18-$33 range.
Last potential upward trendline has $23 in June or $25 in November.
we're already on a trajectory worse than 2008 (bank wise). I need to find the tweet...FTAG 2000 said:I'm struggling with this on Schwab.perma Brew doomster said:yep, exactly. I won't play the really big bank names (like JPM), but even SCHW (schwab) has a terrible looking balance sheet. They are almost certain to go under or get absorbed.bmoochie said:I did CMA at the open. Closed for over 100% I think you are 10000% right that bank puts are the way to go. can go $15 OTM and any 10-15% drop like we have been seeing in some of these are going to move them.perma Brew doomster said:bank putsFJ43 said:
Ok degenerates……what's the lotto play for tomorrow?
I'm looking at put spreads out a ways as well.
Side note I have looked at the options activity on these banks just on my brokerage and its heavy. Would be curious to see what the flow is overall if anyone subscribes to that. There is a ton of negative sentiment obviously but it seems all strikes and months out have a lot of action.
I haven't dug deep, but why is their balance sheet so bad?
They're a top 10 bank, if they fail it feels like the economy and market is in deep **** (like 2008 territory).
oh and Schwab's balance sheet is complete caca. Let me dig some more.
I'd love it if Bonfire1996 would chime in here and say why, like on Schwab's RI-A they are moving massive amounts around in line item 10 (other income), shows as huge losses. 19B on last report (12/31/22). bank equity is also down 3B in 3 months.
Bonfire1996 won't be with us for awhile.perma Brew doomster said:
we're already on a trajectory worse than 2008 (bank wise). I need to find the tweet...
oh and Schwab's balance sheet is complete caca. Let me dig some more.
I'd love it if Bonfire1996 would chime in here and say why, like on Schwab's RI-A they are moving massive amounts around in line item 10 (other income), shows as huge losses. 19B on last report (12/31/22). bank equity is also down 3B in 3 months.
Brian Earl Spilner said:
History of Apple's $AAPL Q1 Revenue:
2010: $13.5B
2011: $24.7B
2012: $39.2B
2013: $43.6B
2014: $45.6B
2015: $58B
2016: $50.6B
2017: $52.9B
2018: $61.1B
2019: $58B
2020: $58.3B
2021: $89.6B
2022: $97.3B
2023: $94.8B
Well, AAPL beats slightly.
Let's see what happens with the Q&A.
Let's see what happens with the Q&A.
They don't give forward guidance anymore but they sit on a mountain of cash. So much so they're about to launch their own credit card iirc. That and strength in China should have them up at the open.FTAG 2000 said:
Well, AAPL beats slightly.
Let's see what happens with the Q&A.
Yeah, look at this channel that goes back to July 2021.
I didn't say to buy it because I believe it's overextended. It wouldn't shock me if they went green to red tomorrow. If I were in it for a trade, then I'd sell at the open.
do you know where he is located? I'd buy that man a steak dinner. or at least a beer or 2.
I do but I'll ask him if I can post it.perma Brew doomster said:
do you know where he is located? I'd buy that man a steak dinner. or at least a beer or 2.
ProgN said:
I didn't say to buy it because I believe it's overextended. It wouldn't shock me if they went green to red tomorrow. If I were in it for a trade, then I'd sell at the open.
That's how I feel about it as well (time for a fall).
The markets look heavy right now. DJIA, Nasdaq, SPX all crossed the 50 line on RSI to the downside, Stochastics on all indicate lower and MACDs approaching sell confirmation. Earning season for the bigs is now over, what catalyst is there to pull the market higher?FTAG 2000 said:ProgN said:
I didn't say to buy it because I believe it's overextended. It wouldn't shock me if they went green to red tomorrow. If I were in it for a trade, then I'd sell at the open.
That's how I feel about it as well (time for a fall).
For all the recent WAL and TFC buyers.....We going to hold in hopes that this is simply short-sellers trying to profit in the short term? WAL's quarterly report last week didn't look bad....Same for TFC. Most folks here thinking about holding for the long term and letting the storm pass?
$MSFT and $AAPL now have 14% of entire market cap of $SPY S&P500 ..
— TIC TOC TIC (@TicTocTick) May 4, 2023
S&P500 has 498 stocks for instance.
0.4% of companies have 14% of market cap.
This is a major bearish signal. A tremendous TOP is in.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Thoughts on Micron? At $60, I bought at $85
Sharing this chart for informational purposes only
— Amy Nixon (@texasrunnerDFW) May 5, 2023
NOT INVESTMENT ADVICE
TY @CXCarroll for sourcing pic.twitter.com/yJofoBXrKA
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