... for a 2.15 credit.
Notes: Opened this late in the day using my phone app, which I'm comfortable using to either open or close one-legged setups. Here, my standard 16 delta short put in the broad market exchange traded fund with the highest 30-day, which has been IWM for several weeks in a row.
Here's my current short put ladder arrangement in IWM: the April...
SPY is within a few points of the 1.618 Fib (over) extension. Are we finally seeing the top on SPY? Who wants to buy at these levels? With QQQ forming a possible double top, RSI's of 70 - 80 across multiple timeframes and indexes, everything and the moon priced in, we can't be far from a correction now. The question is, what happens when dumb money gets trapped at...
GME just lost it's 50DMA. The bulls really need to show up here soon to recapture the 144 level. The 100DMA is all the way down at 89, and believe me, if the bulls don't recapture the 50DMA this week, we're going to 89. Any buyers at 89?
With M2 up around 25% since last January, leading to higher equity inflows in the past 5 months, than in the past 12 years combined, price has become quite distorted. When you divide the indexes by M2, you'll notice that price action looks a lot more like it did pre QE days, when Fib retracements actually worked to indicate the strength of a "bounce". With the...
We've just seen another rocket parade over the past 2 weeks, like the one we saw back in November. But, as we kick-off Q1 earnings season, are we finally seeing the end of the insane post Covid crash rally? If we break out higher, the S&P could potentially breach the upper band of the ascending channel, leading to yet another round of short squeezes, and new...
- Global stocks are flying high to start the week, and are testing ATH's on Tuesday morning. The MSM are all singing the same song of sunshine and rainbows, with recent Chinese, and US data, showing signs of continued strength. We all know the data is completely bogus, and is possibly the reason why over 18 million Americans are still on some form of income...
- Welcome to the final trading day of Q1, folks! Futures were relatively flat in the overnight session ahead of Biden's long awaited Infrastructure announcement today, which should see a proposal in the realm of $2.25 Trillion tackle roads, bridges, and the EV market, among others. I have no idea why the Biden administration would raise taxes to pay for it, since...
Here is an overlay of the Fed's balance sheet and the S&P 500. I will leave the rest to you.
Note what happened when EU ended QE and FED tried to Normalize QE.
9:12AM - Market preview:
- Yesterday's PA looked like a buy-back fueled spending fest, with corporations spending as much on buy-backs as they did pre-COVID. I guess somethings never change, or do they? The Ponzi appears to be alive and well (for now). Don't you just love it when individual investors have next to no control over PA? However, this morning, the S&P...
Market preview:
- After a comedic but painful day of PA on Friday, with the last few shorts in the market getting squeezed out of their positions (again), futures are showing some light weakness on Monday morning. Archegos Capital failed to meet a critical margin call last week, leading to billions in losses, and other stocks linked to the fund, such as Nomura,...
Having met our previous target of 92.50, then cooling off a bit in recent trade, we're seeing the dollar make a run for a potential new near term high. Our new target is the 200MA (M) around 95.25. If long ended yields catch intraday support off their 21 day EMA's, we could see another leg higher toward 2% on the 10Y yield, and the 2.5% level on the 30Y yield,...
LOOK AT D BIG PICTURE
RUSSELL 2000 IS VERY VERY CLOSING TO CRASH AGAIN.
SMALL CAPS ARE NOT CREATE VALUE IN PAST YEAR BUT INDEX RISED TOO MUCH HIGH.
WHEN U COMPARE TO SP500, THERE IS A BIG GAP BETWEEN RUSSELL 2000 AND SP500
I BEILEVE THAT RUSSELL 2000 NEED TO RETURN TO HIS ACTUAL VELUE VERY SHORTLY.
I AM RADY TO SHORT IT THROUGH -3X ETF $SRTY
After persistent rejections at the 21 day EMA, Tesla (TSLA) is back at the 100 day MA support around 657.31. Even if TSLA saw incredible flows, their cash burn on the aggressive (global) expansion is going to be hindered by tighter monetary conditions going forward. TSLA's bonds are incredibly important to it's viability/growth strategy, so we need to see a...
Highly Options Liquid Single Name With Earnings in the Rear View Mirror Ranked by 30-Day Implied With a 30-Day >50% and a Share Price >$10:
FCEL (0/104)
M (11/75)
CCL (0/59)
PLAY (0/59)
CHWY (0/52)
Highly Options Liquid Exchange-Traded Funds Ranked by 30-Day Implied With a 30-Day >35%:
EWZ (8/73)
MJ (2/51)
XLE (0/48)
XRT (2/41)
GDXJ (6/41)
LIT (18/38)
XBI...
The real question is what happens when we hit 2%? Will the bond market (and stock market) implode? Will the Fed step in with YCC? Something tells me we won't have to wait much longer. Hold on to your hats in April, the 10Y note won't see real support until the 128 level (we're currenty trading around 131...
