zoom just got its dick shot off by like 6% in 10 minutes.
Printable View
zoom just got its dick shot off by like 6% in 10 minutes.
Quote:
Originally Posted by sonatine
Jesus - clean off 12% and fading fast. Back to pre Rona levels
Quote:
Originally Posted by verminaardWhats your gut how it goes?Quote:
Originally Posted by Daly
So here is my revised gut feeling - And if I’m being honest it’s mostly based upon a conversation I had with a market wizard, following Adam Mancini on twitter and taking my reading/research on the overall market to the next level.
We got one more solid crack at getting the S&P over ~2780 tomorrow. Keep in mind this is an “ish” number. 2765 might get it done or 2799 may not be enough. Point being we need to be able to point to the chart and see bullish breakout of the rising wedge pattern that has developed over the past week +. If we get over it’s happy days are here again - V shape recovery back to 3000 for the time being.
That’s not the most likely scenerio but it’s in the cards. More importantly the fed knows it’s in the cards. Spending a few buckets of billions now to trick the market and the algos into thinking it’s a bull market all Over again will be a lot cheaper than constant intervention down the road.
The historically more likely scenerio is a market reversal. A rising or falling wedge pattern is a reversal pattern. If the market tries and fails three times to get over in a rising wedge it almost always violently corrects downward. If we don’t go over and we trend lower it’s more or less a given we going to retest 2620ish and smash through it.
If you have any interest in this at all tomorrow is the day you want to pay attention too.
Full disclosure - I haven’t touched my main retirement funds for my wife or I. I never sold on the way down and kept it in on the way up. If the market bounces off 2780 tomorrow and starts to go lower I’m moving out of stocks and into whatever conservative options are available.
not that i consider this contrarian to what you posted but i see no real reason we cant break spy 300 and go on to test lows after.
turning the DJI into a sock puppet is going to be a lot harder after the real estate market takes down the credit market and suddenly GE cant cash its paychecks.
Quote:
Originally Posted by sonatine
Not saying it can’t. It’s a game of most likely outcomes
Remember when you were a kid and you stood on those swings with the long metal chains and rocked them to get higher and higher and you got right to point before you would do a 360 and wrap around the pole...that's how it feels every morning when the market opens.
Fuck, its the first thing I check in the AM before IG.
I will be glad af when this subsides back to normal. Have I mentioned on the this forum already how much I need to get back to having a 19 yr old's hard throbbing cock in my butt?
Just checking.
Quote:
Originally Posted by sonatine
https://i.imgur.com/j4oQHtw.jpg
Powell read this thread and is going to turn the printer on full blast from 2pm-4pm
Quote:
Originally Posted by simpdog
hedging against bojo ending up on a respirator this weekend, doubtless
Another 6.6M jobless claims, and the markets are up nearly 2%.
:wtf
DEAL WITH IT LIBTARD, WE WON YOU LOST, #MAGA, #BRRRRRR
if you ever thought that there was an inkling of bullshit in 'don't fight the fed' these last few weeks should prove that this is one of those 100%ers...
It keeps punching 280 but gets knocked down.
Quote:
Originally Posted by GambleBotsChafedPenis
The next two hours and 52 minutes are going to be legandardy. Fed going to keep the printing press going BIGTIME to keep this above 2810
i was pretty married to the selloff theory but the impending oil deal might be enough to get people to dump their short positions before the bell.
so yeah not sure which direction this breaks but gotta assume its going to be 296 or 268 close, some shit like that.
Quote:
Originally Posted by sonatine
Go short - I dare you
I bought a put at 280 a couple hours ago. Time for the free fall.Quote:
Originally Posted by DalyQuote:
Originally Posted by sonatine
Go short - I dare you
If I lose I can rationalize that it is still way less than I probably would have lost sports betting/DFS the last couple months, so win-win.
Uh-oh maybe not.....
US Senate, German government tell employees not to use ZoomQuote:
Originally Posted by DalyQuote:
Originally Posted by sonatine
Jesus - clean off 12% and fading fast. Back to pre Rona levels
The two organizations now join a list that also includes the Taiwanese government, the Australian government, SpaceX, Google, and New York state area schools.
Just shot below 277 and still sinking. This is certainly getting interesting.
Quote:
Originally Posted by verminaard
Timber!
2780 isn’t going to hold
Back up to 277. What normally happens at the end of the day. Should I get out with a small profit or let it ride till the end?Quote:
Originally Posted by DalyQuote:
Originally Posted by verminaard
Timber!
2780 isn’t going to hold
Edit: Never mind. Profit all gone. Jut gonna hold it to the end and probably lose it all.
you have no grasp or understanding of financial markets. This is not sports betting, please stay in your lane.Quote:
Originally Posted by DalyQuote:
Originally Posted by verminaard
Timber!
2780 isn’t going to hold
Not a single post about the Fed smashing the high yield bond market this morning?
Normally the high yield junk is the first to topple. Uh, nope.
Lol forward looking fundamentals abrown
Every fucking thing is getting repriced
The Swiss going positive on a select bond offering is THE STORY. They were first to go negative and now first positive at about 2%. This indicates inflation. My macro take is as worthless as yours but I woulda guessed there would be zero growth GDP going forward so maybe even deflation.
The numbers indicate otherwise and I am wise not to think. Look at gold
Every damn thing is getting rewritten.
Today was THE most important day yet I would argue
So what is the takeaway?Quote:
Originally Posted by Sanlmar
Fed stepping in
Lol - well then educate usQuote:
Originally Posted by Kryptyou have no grasp or understanding of financial markets. This is not sports betting, please stay in your lane.Quote:
Originally Posted by Daly
i cant fap to this.
Entire world waiting on the outcome of 2780 on the S&P - an we going to land within 10 points of it.Quote:
Originally Posted by sonatine
This VermQuote:
Originally Posted by Daly
It’s distortion layered over distortion.
I try to remind myself it’s not just GBCP’s Fed but every central bank in the world.
The sea of stimulus and fake money is behond anyone’s comprehension. On the SPY we just passed a .618 retrace and that’s strong. Why not 3000 S&P?
The Fed is not going to allow a single business, bank or individual to go broke. Hyperbole? I dunno.
The humor is no one is working. You want to think grand thoughts about right and wrong. You can’t. Unfortunately Krypt, it IS a parlor game. Just trade what you see.
No one ever saw what the Fed did after the jobs numbers were released in the course of human history.
I didn’t listen to another human being on planet earth today. I let Peter Schiff’s calls go to voice mail. Cramer and Kudlow are grabbing each other’s ass I’ll bet.
I would teach your kids how to start a fire using just flint, Daly
Dollars will be legal tinder.
:wrongQuote:
Originally Posted by Sanlmar
Quote:
Originally Posted by verminaardBack up to 277. What normally happens at the end of the day. Should I get out with a small profit or let it ride till the end?Quote:
Originally Posted by Daly
Edit: Never mind. Profit all gone. Jut gonna hold it to the end and probably lose it all.
when do your options expire?
im confident enough in my technicals to put money on this; i think spy hits 260 around the 27th.
edit: not 17th.
April 9thQuote:
Originally Posted by sonatineQuote:
Originally Posted by verminaard
Back up to 277. What normally happens at the end of the day. Should I get out with a small profit or let it ride till the end?
Edit: Never mind. Profit all gone. Jut gonna hold it to the end and probably lose it all.
when do your options expire?
im confident enough in my technicals to put money on this; i think spy hits 260 around the 27th.
edit: not 17th.
Quote:
Originally Posted by verminaardApril 9thQuote:
Originally Posted by sonatine
whats the strike price?
280. I sold at 278 and small profit after juice. Could have sold at 276 for a pretty good profit, but got greedy.Quote:
Originally Posted by sonatineQuote:
Originally Posted by verminaard
whats the strike price?
You’ll enjoy this Sonatine
Higher Than We Ever Saw in the 2008 Crisis”: Why the Coming COVID-19 Mortgage Crisis May Be Worse Than the Last One
https://www.vanityfair.com/news/2020...n-the-last-one
But... didn’t the Fed commit to Hoovering all the broken junk Thurs morning?
I mean nobody has drawn any kind of line anywhere. I don’t presume there will be anyone harmed at all.
Not a single person, business or bank is going to be harmed. That’s the commitment apparently, Should end well.
Absolutely fascinating.
Rally!!
The miles long food lines are scary as all fuck though.
That has nothing to do with stonks or poker
Quote:
Originally Posted by Sanlmar
trump: we have reached out to the banks to ask them to lower their credit interest rates during this time of crisis.
banks: lol go fuck yourself.
fed: hey whats right is right guys
fed money printer: brrrrrrrrrrrr
banks: :D
but yeah the general consensus seems to be we may see a dip here and there but the fed will absolutely positively bankrupt this fucking country to make sure the S&P stays above 2400.
gotta say tho, its possible they pull it off (on both fronts).