NeoButane

NeoButane Updated 

AMAT - Applied Materials The domestic TSM, almost sounds like Tiamat. Eastern Asian spies? In my processor? It's more likely than you think. www.nasdaq.com CMI - Cummins Lol, produces stuff for different industries, natgas. Should monitor PPI for April. www.nasdaq.com www.bls.gov www.bloomberg.com BBVA - Banco Bilbao Vizcaya Argentaria This one doesn't look too...

NeoButane Updated 

Its top two constituents by weight, JP Morgan and Berkshire Hathaway's (stinky) B shares, have been performing very poorly in comparison to most stocks: This along with XLK (tech bubble) and XLE (oil) are, to me, overvalued and must be denied higher prices.

NeoButane Updated 

Short mid 79, stop 3% out Long here, stop 3% out Previous month's open is at 8523 ETHUSD hasn't broken 200 yet

NeoButane Updated 

Bullish: Every week since the low has closed green except this week. Bearish: The last week of each month have been particularly bearish since January. The overwhelming bull trend that's taken place over the past few weeks have been disorienting. My bias is now leaning neutral. I will consider the downtrend on hold if the monthly closes above the 17th of April...

NeoButane Updated 

www.reuters.com It's difficult to pinpoint a bottom on this. Publishing to see how price discovery will happen in hindsight, no clue on where it will stop.

NeoButane Updated 

www.cftc.gov COT's managed fund traders flipping bullish on natural gas near the bottom. Nonreportables closing longs, a good sign because they're supposed to be the always wrong crowd. Entry below current price and S/R level because it may be a bad bet. Entry may be missed but it's okay

NeoButane

Going off of the absolute state of USOIL. What can go horribly wrong: this being the near bottom of USOIL

NeoButane Updated 

www.cnbc.com US/UK centric news outlets have not released news of this article: www.themoscowtimes.com mediabiasfactcheck.com www.themoscowtimes.com What can ruin this short: Trump tweeting was the news before the news

NeoButane

Adding to long position by fading the inverse cup and handle/bearish whale formation. Original bullish idea: double bull flag and USD/XXX pairs were not going straight up anymore

NeoButane Updated 

Support retested, zone under the green green block proven to be a strong buy zone. Bitcoin pumped on news that the U.S. Fed will be buying anything: www.cnbc.com U.S. equities pumped in pre-market too, but retraced rather quickly. It's a bullish sign that bitcoin did not slink back under support following the news pump. Things I am wary of: - Bitmain 03/27...

NeoButane Updated 

I am not long but the next time it revisits that empty volume area it will strike through like lightning to the sky.

NeoButane Updated 

Weekly target of $23, long term target ETF delisted. Gold mining companies derive their value from the gold they produce. Their value will never increase in a greater percentage vs. actual gold because paper traded gold does not have the same built in overhead costs that companies have. Owning gold mining stocks, ETFs, baskets, etc. have no relation to the...

NeoButane

Put/call ratio at peak levels. The other time it was higher was in 2010 where permabears got blown out. Weak bullish divergence on VZO. Should deadcat at the very least, as it has been. This is a long on every market in the world, except oil and volatility. Volality recovery TBD, I don't think the oil industry ever will. DJI, a metric that that is not...

NeoButane Updated 

Article title: "Dow Jones Futures Jump After Coronavirus Stock Market Sell-Off Continues; Disney, Salesforce, Virgin Galactic, Insulet Move On News" Excerpt: Dow Jones futures rose 0.8% vs. fair value. S&P 500 futures climbed 0.8%. Nasdaq 100 futures popped 0.9%. Dow Jones futures have been volatile. How a +1% from the low of the new daily looks: I'd love...

NeoButane Updated 

Idea: relief rally should have happened both bull and bear sides are scared about holding into the weekend. Ideally 4RR trade. Leaving put spreads close to ITM and calls higher up for bullish bias. Reason: Low risk setup for a weird risk day and itching for a trade. The second reason will be the death of me :) Edit: Oct. 19*

NeoButane Updated 

Too bad it's the weekend. Now we'll have to wait and see which way this whips! Black line: The quarterly open acting as resistance. You can see how well that goes: A covered ITM call makes sense if you're bearish. Collect the premium, cut the short sell and ride the call if you see a bounce. I can't imagine gauging where this will go next, but I sure hope it's down!

NeoButane Updated 

Baby bear div on VZO Monthly. Targeting 39. Stop 51, try 56

NeoButane

This is my third time writing this because I fat fingered some buttons and there are no drafts for publishing ideas. I had a lot written. Sorry for the poor quality writing now. - EVX: coin for Thailand - Thailand added two new laws: news.bitcoin.com - First one is mandatory AML/KYC >The first is the Act on Digital Asset Businesses. It requires the...