pt 33.50 on this old school turd. I hate shopping there, classic grocery store vibes yet they make you check out your own groceries at Uscan, there's rarely a f ing clerk to check you out, and they don't take Apple Pay. No thanks, shopping somewhere else. That said, hard to find faults in the stock itself, trades at ~12x, altho just got downgraded, what does that...
damn, comin' in hot. The 30s charts requires some steel cajones. good trading over here today... 🤙🏽
Day traded after this thing on Friday after it woke up from a 3 month slumber. Rolling into an option straddle this next week, possibly buying the call leg first, as I think* might have more upside. But watch it - thing could melt your face off rather quickly. If Vaxart gets an FDA cleared gummie chewable COVID vaccine + booster gummies, shorting N95 mask...
watching for a short entry for a weekly put, historically doesn't stay elevated on these spikes, although being a USA infrastructure bid with a dividend, we'll see. Might day trade it up if it's still getting chased this week.
While I'm a big proponent of free speech I don't like the word 'scalping' to describe intraday trading. Who the f came up with that f ing term? -conjures up some dark & evil shit in history. We have some real quality Wall St. d bags to thank for that. Anyway, this trade in PRPO today; some really nice clockwork in & out trades, she's pivoting well off the...
need to take a hard look at your risk assets that hold long term debt, 10 year t bills currently consolidating, about to sell off and have a come-to-jesus moment, equities will reprice, 2-4 taper tantrums on the way before we hit 2024. We break above this down channel and hold, that 3 decade clamp on bonds will be un done, stocks watershed off the backside of...
Sentiment is awful, all we need now is AMZN to sell off and the complex is ready to take a dump on itself. May 14 $5.50 calls
day traded in & out of the 5s chart today, and then loaded up a couple hundred shares into earnings. I think it tries to test ATH before mid-May, anyone's guess tho, emo wall street d bags love to hate on this no matter how good they execute, so check back in a week the shit will be on sale again. Likely a precursor poster child for a market sell-off. -And that's...
Italian economy looking realistic in terms of cost, historical comps & production. No position yet, watching daily to leg-in circa $30/share.
The euro tire maker shares looking reasonable & trading within a logical realm of sanity. I'm long Europe & quickly piling into India as they work through a really shitty couple months here...
We're about to find out how far $1,400 goes. My sense is rent/bills & shit in general is getting pricey and gov' checks are barely putting a dent into this struggle. We long DG once it finds a dip.
why would Amgen breakout here? Well, maybe it won't, and the goons pumping it on national television are taking the other side as it approaches a perennial resistance ceiling...or maybe the assumption of it's inclusion in the XLV weighted at 3.4% is enough for fund flows to push it over $260. With COVID raging in the prior December quarter, they could miss on...
my PT for an entry into WMT is $126.50 pre earnings. thesis is this thing trades down into first half of May, i.e. bellwether for the broader S&P.
overhead someone today saying the bull run has just begun. If that's the case, where the f does this negative-earnings piece of shit top out?
Tesla needs to richochet off 700, could rally to 800 in the near term. If it fails at 700, next stop 650. Or lower if the indices finally undergo a much needed correction. Long shares with 690 stop, pt 800, as I'm in the camp we see overall market weakness into May & June. If TLSA can't rally on those latest earnings, ditto for these mega caps...
loaded up near a support level pre earnings today; primarily on a hunch that they'd do well on the back of stimulus & reopening spend activity, also because the stock is UNCH for over 400 days & recently breaking out, so my thesis this breakout is warranted despite a 49x P/E. I'm in this trade until PT ~$250ish & no later than May 19, I think it'll fail before...
the new bull structure in gold has begun, by evidence the GDX a little over cooked in the short term, but I'm liking the GLD for a nice stable long run up ~20% by November 2021. Sure, it might take a breather if there's some return to sanity in markets, etc, but this one is great for an easy night's rest while markets puke their brains out for a couple months.
rolling into a call spread as they basically start handing out risk premium for free. Put on some June 4 $3.50 this morning; I'm keying off the Russell in addition to the SPX, will likely buy some weeklies if the bulls continue to throw their life savings into parabolic turds like CAR