In regards to comparing net income to market cap between the big semi-conductor teams, MU looks the best. TSM is awesome but if there's a war with China I don't want to deal with blockades while US semi-stocks sour out the sky after we subsidize when we lose Taiwan. Test 70 resistance Probably purchase 50-55 c calls deep in the money and sell 70-80 c calls and...
SPY shot up very quickly (gapped up) through the 400-415 zone without filling the gap created by the previous dump of the market. Correction to come, especially with consumer goods increasing.
SPY is following BTC minute for minute, used as an indicator for a bearish position
I believe shorts are going to short the f out of SPY tonight. Very bearish today but I believe they used the opportunity to pump up calls, sell those calls, and then short the market at the end of the day so everything opens at the bottom tomorrow morning.
Tesla tested highs today and rejected. Tesla then tested bottom and with a rally from Spy went bullish. However, I believe Tesla failing to test this high area is key, all attempts to test that zone resulted in rejection with spy continuing to rally. If Spy doesn't move up tomorrow I see tesla falling
I saw that Spy could climb from 396 to 416 originally, however, after the contact gap up, I believe it is time for a correction to 400. I think Bitcoin has a very large gap to fill, holding MicroStrategy calls with Spy puts.
Futures looking extremely interesting for SPY, especially with BTC breaking under 24 but it isn't Monday morning yet either so we shall only see what BTC sees and maybe the market follows. Think is a good first step in a gap down, however, all planets must align for this move correctly.
Direction of spy will be dictated on if we reject 24k or break 24k resistance. Holding long microstrategy calls with spy puts, weekend play
If you want bang for your buck on bitcoin movement, microstrategy is your guy, hear mr out, super deep in the money leapsssss instead of owning bitcoin. If bitcoin launches to 60k um you have so much more upside exposure