I can still hear that gif 30 years laterProgN said:E said:
Someone say chop?
Von Miller has entered the conversation
Coryatt chopped down this TCU receiver on one of the coldest nights. That poor man probably still feels it.
ETA: Q would've been kicked out of the game if that happened now, but it was a clean hit.
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Yes, new high, but intraday signals overbought and butting our heads due to quick nature of the move up. Breadth indicator has not triggered as I hoped it would. Sitting idle right now and waiting for market to confirm one way or the other.
Just got a 5min RSI down signal. First one since the Wednesday top. No call lottos for now until small timeframe indicators can reset with a higher low than the last two days.
FTV update - earnings mid next week.
Not really expecting a blazing fast mover on $80 March calls. Low volatiltiy. Again, it wasn't an attempt to buy high gamma or anything, merely trying to capture a move up in a cheaper manner than buying outright shares, hence the 2 months out timeframe. I went ahead and jumped in first tranche of calls this week at $0.50 and will assess early next week to see if I want to add.
Interesting enough, there's double the amount of March $95 calls as there is $80. Have to believe that's someone trying to limit cost on an earnings move. Also, there's 568 volume of the $75's in March today alone. That's pretty telling. Someone going NTM for best R/R. Not many puts to offset calls today, but open puts seem to have attacked $65-$70 range likely hedging or downside earnings gambles.
Not really expecting a blazing fast mover on $80 March calls. Low volatiltiy. Again, it wasn't an attempt to buy high gamma or anything, merely trying to capture a move up in a cheaper manner than buying outright shares, hence the 2 months out timeframe. I went ahead and jumped in first tranche of calls this week at $0.50 and will assess early next week to see if I want to add.
Interesting enough, there's double the amount of March $95 calls as there is $80. Have to believe that's someone trying to limit cost on an earnings move. Also, there's 568 volume of the $75's in March today alone. That's pretty telling. Someone going NTM for best R/R. Not many puts to offset calls today, but open puts seem to have attacked $65-$70 range likely hedging or downside earnings gambles.
Did someone mention FMC recently? RSI and MACD both trending up and there's a gap fill around $66.28 which is around a 14% move up from current price.
Good thing we held off on call lottos. Did grab a handful of puts near the high this morning and sold them for 2x. Helped raise my play money in case we get a setup either way for power hour.
If we get down to 4875-4880 I'll be considering the $486 lottos looking for 2x. All or nothing.
Edit: Sorry $486's. Don't trust that it could boom enough end of day to see the $487's with enough reward.
Edit: Sorry $486's. Don't trust that it could boom enough end of day to see the $487's with enough reward.
24 in 24?Heineken-Ashi said:
If ASO reverse down we're going to be looking for mid to high $50's for entry for the 24 in 24 play.
24 stocks for 2024 that have good risk/reward potential.
Thanks. Was there a list given previously somewhere on the thread?El_duderino said:
24 stocks for 2024 that have good risk/reward potential.
It was a running list. Each name's initial post had what I was looking for. Some were waiting for retraces to trigger entry.FTAG 2000 said:Thanks. Was there a list given previously somewhere on the thread?El_duderino said:
24 stocks for 2024 that have good risk/reward potential.
Running list
OXY - Energy - O&G
SMCI - Tech - Hardware
AMD - Tech - Semiconductor
CRM - Tech - Software
CXM - Tech - Software
TLT - 20+ Year Treasury ETF
NOV - Energy - Equipment and Technology
TSLA - Consumer Discretionary - EV
TSN - Consumer Staples - Food
WHD - Energy - Equipment sales and rentals
UNFI - Consumer Staples - Distributor
MLCO - Consumer Discretionary - Gaming & Hospitality
DOW - Materials - Chemical
ASO - Consumer Discretionary - Retail
U - Tech - Software
FUBO - Communications - Sports/Streaming
YUM - Consumer Discretionary - Franchise restaurants
LYFT - Industrials - Transportation Rideshare
REE - Consumer Discretionary - EV Tech
Probably avoiding lottos into close. Would need some big action to make them worthwhile.
Was eyeing right when SPY hit $486.5, but missed that window.
Earnings are 2/5. It would need to fill over the next 2 weeks to have a cushion to ride through earnings.
This action isn't going to resolve until sometime next week. No bias between breakout or further drop. Best trade is to not trade when in the chop zone.
Is anyone else still in SHOT? Should've gotten out on the massive spike before the negative article came out. Still quite in the positive, and had a nice pop on Friday.
Heineken-Ashi said:
Just got a 5min RSI down signal. First one since the Wednesday top. No call lottos for now until small timeframe indicators can reset with a higher low than the last two days.
I'm still coming up to speed here--what is a "Lotto"?
Big upside potential, but usually all or nothing type of trades. Most frequently referring to quick expiring option plays.ravingfans said:Heineken-Ashi said:
Just got a 5min RSI down signal. First one since the Wednesday top. No call lottos for now until small timeframe indicators can reset with a higher low than the last two days.
I'm still coming up to speed here--what is a "Lotto"?
Well that was a quick reversal. Also, MARA with another pop.
AMD earnings tomorrow after market close. Currently trading at $175. Most recent target as of 5 mins ago is $195 post earnings call.
I bot 1 3/1 $150p @ $2.50Talon2DSO said:
AMD earnings tomorrow after market close. Currently trading at $175. Most recent target as of 5 mins ago is $195 post earnings call.
busted past that 18.50 mark in the 19's now, lots of volume. maybe this pop holds above recent trend.Brian Earl Spilner said:
Well that was a quick reversal. Also, MARA with another pop.
thought process because it's already run up so much?
I've been holding out for a long time on building a basket of stocks around CRISPR technology/biotechs, just due to timing and allowing some of these companies to get more mature, but I think now, in the early half of 2024, is a decent time to begin building. However, I like the prices that some of these are trading.
My basket currently:
CRSP
NTLA (My personal fav)
BEAM
PRME (least developed but prime editing has the largest future upside)
Could add to it:
VRTX (monster on its own, would love to accumulate at a lower price)
CRBU
EDIT
Picks and shovel plays off of it:
ILMN (liking this one right now anyway)
TXG
PACB
TWST
Caution: Biotechs have been a ROUGH sector due to money no longer being free and while some of their research programs are advanced and in clinical trials, will still need injections of cash. Could still be some downside risk here.
My basket currently:
CRSP
NTLA (My personal fav)
BEAM
PRME (least developed but prime editing has the largest future upside)
Could add to it:
VRTX (monster on its own, would love to accumulate at a lower price)
CRBU
EDIT
Picks and shovel plays off of it:
ILMN (liking this one right now anyway)
TXG
PACB
TWST
Caution: Biotechs have been a ROUGH sector due to money no longer being free and while some of their research programs are advanced and in clinical trials, will still need injections of cash. Could still be some downside risk here.
Buying TLT for the 24 list. Stop $93.
Targets:
Short term - $97
Mid Term - $111
Long term - $120
HODL (hold on for dear life, hope it works out) - $130-$150 - though it would be wise to sell at highs and buy back at lows along the way if you were hoping for this.
I'm planning to sell at short term target and see what happens. If we get a good retrace, I'll buy back in for next target.
Targets:
Short term - $97
Mid Term - $111
Long term - $120
HODL (hold on for dear life, hope it works out) - $130-$150 - though it would be wise to sell at highs and buy back at lows along the way if you were hoping for this.
I'm planning to sell at short term target and see what happens. If we get a good retrace, I'll buy back in for next target.
The FED and banks Fed Update: What's Going On With The Bank Term Funding Program | Seeking Alpha
TLDR
1. The FED provided an avenue after SVB collapse for banks to borrow assets through the Bank Term Funding Program. Banks would have to pay 10 basis points above the overnight swap rate (which is where they would normally access liquidity through the discount window) in interest to borrow assets from the FED. So slightly more expensive than the usual discount window, but very easily accessible.
2. When rates dropped, the rate to borrow from the BTFP was actually cheaper than the rate of the traditional discount window.
Why is this important?
In December, banks were borrowing assets from the FED, turning around and parking them back at the FED. The interest banks were paying to the FED was less than the interest the FED was paying the banks in this roundabout process.
The FED was literally handing out free money to banks, and only very recently announced they are going to close the BTFP. Either the FED was really really stupid, or all of this was on purpose. Either way, banks have been propped up moreso than usual because of a "loophole" in the system. And that loophole is going away very soon.
TLDR
1. The FED provided an avenue after SVB collapse for banks to borrow assets through the Bank Term Funding Program. Banks would have to pay 10 basis points above the overnight swap rate (which is where they would normally access liquidity through the discount window) in interest to borrow assets from the FED. So slightly more expensive than the usual discount window, but very easily accessible.
2. When rates dropped, the rate to borrow from the BTFP was actually cheaper than the rate of the traditional discount window.
Why is this important?
In December, banks were borrowing assets from the FED, turning around and parking them back at the FED. The interest banks were paying to the FED was less than the interest the FED was paying the banks in this roundabout process.
The FED was literally handing out free money to banks, and only very recently announced they are going to close the BTFP. Either the FED was really really stupid, or all of this was on purpose. Either way, banks have been propped up moreso than usual because of a "loophole" in the system. And that loophole is going away very soon.
Setting a MARA stop on shares acquired over the last month at $17.24. Breakdown of that area doesn't make me feel good for this being a new leg up. As long as above that, my shares I acquired in the high $14's are staying long.
Massive green candles, what just happened?
Sold my calls
It's gone parabolic and increased 100% in 90 days. Their CEO is usually conservative in her forward looking guidance and they're priced to perfection. What could they possibly say that would shoot this stock even higher? I just think they're at a top. I only bought 1 for ****s and giggles, so we'll see.bmoochie said:
thought process because it's already run up so much?
Thank you for your service.El_duderino said:
Sold my calls
WULF has been on fire. Likely because I didn't jump in. The likelihood of dilution seems very high.
I did NOT let those suckers run. Any profit is good profit though.
And SMCI
And SMCI
In regards to SMCI...speaking of not letting things run.El_duderino said:
I did NOT let those suckers run. Any profit is good profit though.
And SMCI
[mutters repeatedly to himself like a crazy person] Taking profit is never wrong. Taking profit is never wrong...
It will pullback when this market rolls over and it's going to.fightintxag13 said:In regards to SMCI...speaking of not letting things run.El_duderino said:
I did NOT let those suckers run. Any profit is good profit though.
And SMCI
[mutters repeatedly to himself like a crazy person] Taking profit is never wrong. Taking profit is never wrong...
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