ProShares UltraPro Short QQQ ETF (SQQQ)

[KICK1]

$SQQQ @67.61 Out & will get back in

[KICK1]

This is Fun! Thanks 420 PPP! $SQQQ

[tw0122]

Good point.. just exited some PutS and leverage trades. Keeping small amount now. Waiting to unload $DRIP next on Oil drop.

[Agoura Guy]

YES, BUT KEEP IN MIND THERE ARE $2.9T WORTH OF QUAD OPTIONS THAT EXPIRE TOMORROW. CHANCES ARE WE SEE INTERVENTION LIKE YESTERDAY. IF IT HAPPENS I WILL RE-ENTER SQQQ.

OVERALL TREND IS DOWN BUT I LIKE TO TRADE THE SQUIGGLES.... EXTRA PROFIT!!!!

[PennyRookie0]

What a missed opportunity to buy SQQQ weeks/months ago. It does seem like we are nowhere near the bottom yet. Maybe the NASDAQ could still drop to 6,000 or even 5,000 from here.

[tw0122]

Usually I leave to soon …not this time with China Bank runs, Cryptos Margin Calls, Hedge funds selling stocks faster then 2008 recession it’s a beauty here.

[Agoura Guy]

SOLD.... NICE PROFIT!!!!!! WILL WAIT FOR INTRA DAY BOUNCE (IF THERE IS ONE) TO RE-ENTER!!!!

WHAT A MARKET!!!!!!

[tw0122]

****Emergency Tools to be instated today by Europe as debt market collapses******

[luckydude777]

Grabbed a bunch of T under $23k for a quick flip this morning. So far looking good.

[luckydude777]

Exited a bit ago at $64.15. Couldn't resist locking in profit.

[tw0122]

Why wait for loading? Added here yesterday between 3-4pm —Chinese bank run in progress. Citizens bank accounts being frozen and mainstream media not even mentioning it to not cause more panic.

On Twitter, a video of a large line can be seen at an ICBC Bank in China (one of China’s largest state-owned banks)  which was posted on Tuesday, June 9, and suggests that contagion is in progress.

Translated to English, the tweet reads, “The bank card system is locked, and these people are here to unlock it. Massive runs are coming.”
“All banks in Shanghai have restricted depositors from withdrawing money… A bank run is about to sweep China,” according to Chinese blogger, Jennifer Zheng. 

The lack of concern or any reporting of this around the globe is alarming at best, as this growing financial crisis should concern nations worldwide. 

https://fortheloveofnews.com/the-run-on-chinese-banks-being-ignored-around-the-world-vessa/

[tw0122]

Stocks, Treasuries Slide as Recession Fears Return: Markets Wrap
Fed-driven rally fizzles on fuller assessment of policy path

Fed’s Powell signaled resolve to contain inflation at any cost



What Powell said Wednesday…..The opening paragraph is questionable at best: "Overall economic activity appears to have picked up after edging down in the first quarter."

Fed Wordsmithing 

Bear in mind the Fed had to say what it did to justify it's 0.75 point hike. Otherwise it would be admitting it was hiking into a recession. 

Note the clever wording "appears to have" as opposed to "Overall economic activity picked up after edging down in the first quarter."

And the Fed's projection material pencils in not only a soft or softish landing but nothing resembling a recession at all. 

Are they really this stupid? Arrogant? 
Retail Sales Flounder in May With Negative Revisions in April

This morning the retail sales report came in at negative 0.3 percent. Adjusted for inflation, sales declined 1.2 percent. 

The Atlanta Fed GDP Now forecast fell to 0.0% for the second quarter.
Sales 

New Home Sales Plunge 22.5% In April, 16.6% From Deep Negative Revisions
NAR Pending Home Sales Data Provides More Evidence of a Severe Housing Slump
The NAHB Wells Fargo Home Builder's Index Is Sinking Spectacularly
Existing Home Sales Skid to Pre-Pandemic Level, a Housing Bust is Underway
New home sales are crashing, existing home sales are crashing, and retail sales are falling. 

The average mortgage rate is now 6.23 percent and rising.

Not to worry, economic activity "appears to have" picked up. 

Yeah. tell me about it. 

The advance retail sales numbers for May were negative for the month and the Commerce Department revised April slightly lower. 

Inflation-adjusted numbers were a disaster.
Congrats to the Fed for some great wordsmithing. 

If the Fed really believes its nonsense no-recession projections and follows through on them, it is going to overshoot neutral by a mile.

This post originated at MishTalk.Com.


Most people know Fox News is the mouthpiece of the Repubss just as CNN/MSNBC are the mouthpiece for Dems.

Well CNBC is the mouthpiece for the corporate oligarchy that actually controls the central banks and big corporations.

..comments over the past few weeks that the talking heads (i.e proxies for corporate leaders) on CNBC we demanding 75 or 100 on this meeting and so here we are today with the Fed doing exactly what the proxies wanted them to do. No surprises whatsoever if you pay attention.

The corporate theory behind this is that "breaking" the economy (i.e. recession) will some how bring back the $7.25 wage slaves but that's NOT going to happen. There are too many people leaving the workforce. spoken ad nauseam about boomers but it's not just boomers. Wealthy GenXers and Millennials are calling it a quits too and quite a few people are just relocating outside the US and working remotely or elsewhere and will be reluctant to come back. Add to that the people that have health problems, women that can't find childcare and those that will take care of the aging and sickening boomers and you have massive labor depletion so WAGES WILL NOT BE GOING DOWN anytime soon with or without a recession. Sure there will be some pockets where things get rough and wages will come down but that will be few and far between.

Then there are massive pushes to unionize all over the place...Starbucks, Amazon, cities, etc all driving wages higher.

If you want to know what the Fed will do next, tune in to CNBC. Much of what you will see and hear on CNBC will be noise so you'll have to train your brain to listen in on key commentators and key interviews which will give you all the info you need because the Fed works for the corporate oligarchy and no one else. It won't hurt some of you to read the damn 10-Q reports that come out either from the big corp.

The only thing really left to do now is capitalize on the situation and profit, there is always money to be made by a prudent investor.
If the stock market craters by 50%, workers will come back to the labor force. Give it a few months and we will see stories of boomers needing to work. Not everyone can short the market to riches. The cost of labor isn't about wage slaves. It is about tech workers and middle management. TPTB need a bust in corporate profits to regain power over workers and force people back into the labor force and to the office
the fed is owned by the banks. their only concern is solvent and profitable banks. most on this site thought powell wasn't gonna jack up rates even this much. he's going much further. will he succeed in tamping inflation. doubtful in the next year or 3. does fed care if we go into a "recession". nope. the last few years were freak accidents of plague on top of a decade of zirp from GFC. like the last panic of 2008.........the FED took care of the bankers with trillions of bailouts and free money and let the rest of amerika go into actual depressions in many parts. why would this time be any different. FED works for banks. they are NOT dumb. just not truthful or on "our side".
What workers really want: raises that beat inflation


You might have heard that nowadays workers want flexibility or jobs with a sense of purpose. But with inflation on the rise, something far more basic is getting attention: Cost of living wage adjustments (COLAs), or raises that keep up with actual inflation.

Why it matters: Though wages have risen substantially over the past year, on average they're not keeping pace with inflation. Whether that's a good or a bad thing kind of depends on where you sit in the worker food chain, and on your economic outlook.
....
https://www.axios.com/2022/06/15/what-workers-really-want-raises-that-beat-inflation

[weedtrader420]

SQQQ$ WOOHOOOOOO WEEEEEEEEEE

[tw0122]

Margin calls keep coming in stocks but crypto ones the most obvious….

At its peak, 3AC was estimated (by blockchain analytics firm Nansen) to have owned about US$10 billion in assets, controlling more than 5 per cent of the Grayscale Bitcoin Trust. $GBTC

Three Arrows Capital, the huge Dubai and Singapore-based crypto-focused venture capital firm, is staring down the barrel of possible insolvency after it suffered more than US$400 million in liquidations, The Block reported today.

Crypto horror continues; VC firm 3AC faces possible insolvency; Bitcoin exchange inflows spike

The crypto carnage carries on as nervous investors rush for the exits and huge digital-asset-focused firms Celsius and Three Arrows Capital (3AC) feel the heat.

Crypto-lending giant Celsius was already sitting in a stagnating pool of its own sweat, and it’s now come to light that 3AC appears to be in hot financial water, too.

At the moment, the entire crypto market cap is languishing below a trill at US$917 billion, with Bitcoin (BTC) inching ever closer to US$20k and Ethereum (ETH) threatening to dip to three figures. More than US$400 billion has been wiped from the space since this time a week ago.
3AC liquidation woes

Three Arrows Capital, the huge Dubai and Singapore-based crypto-focused venture capital firm, is staring down the barrel of possible insolvency after it suffered more than US$400 million in liquidations, The Block reported today.

At its peak, 3AC was estimated (by blockchain analytics firm Nansen) to have owned about US$10 billion in assets, controlling more than 5 per cent of the Grayscale Bitcoin Trust.

Overshadowed by the Celsius platform’s own dramas, Twitter chatter has been swirling this week regarding 3AC’s asset movements to various DeFi platforms such as Aave, in a possible attempt to avoid liquidations. The rumour is the firm has been unable to meet a margin call.

On-chain data suggests that 3AC has been selling assets in bulk to lower collateral requirements for certain positions. According to CoinDesk, one of 3AC’s wallets has a debt totalling more than US$183 million.


Onchain Wizard
@OnChainWizard
This wallet (tagged as 3AC on Nansen) has been aggressively paying back AAVE debt against its 223k ETH / $264mm position to avoid liquidation. With $198mm in borrowings against it, @ a 85% liq threshold, a -11% move in ETH to $1,042 liqudates it

https://etherscan.io/address/0x4093fbe60ab50ab79a5bd32fa2adec255372f80e
After remaining unusually silent earlier this week, 3AC’s founder, the normally highly Twitter-vocal Su Zhu, has now addressed the social media throng with this short, unsatisfying statement
Suspicions of 3AC’s trouble apparently intensified a few days ago when Zhu removed from his Twitter bio all mention of various investments including Ethereum (ETH), Avalanche (AVAX), Terra (LUNA), Solana (SOL) and others – keeping only Bitcoin (BTC). The VC founder also recently deleted his Instagram account.


moon
@MoonOverlord
3AC in trouble? rumors swirling

- Kyle and Zhu havent tweeted or liked anything in days
- Zhu took every coin and # tag out of his bio
- Zhu deleted his instagram
There’s mounting speculation that 3AC’s potential woes could all be one big soupy mess of overexposure to Celsius, the crashed Terra ecosystem, Staked Ether (stETH) and other over-leveraged investments.

MidasTheFool
@MidasTheFool
Current #3AC situation summarized:

3AC has $245M of $ETH deposited on lending platform @AaveAave

From this, they have borrowed $189M in $USDC and $USDT

This puts their Loan-to-Value ratio at ~77%

They must keep this below 85%
1:05 AM · Jun 15, 2022


Exchanges flood with Bitcoin inflows

Bitcoin is currently changing paper hands for about US$20.5k – the lowest it’s been since December 2020, and moving closer to the previous bull market (2018) peak of just under $20k. It’s now down about 34% on the week and the month, and 70% away from the heady, meme-ish days of US$69k.

As the leading crypto and overall market health barometer, the fears are that the BTC sell-off is set to get a fair bit worse before things get better, despite some calling for a bottom at pretty much this level.

Those fears are being compounded by the amount of inflows of BTC to major exchanges this week – spiking to near three-and-a-half-year highs.

As Cointelegraph reported earlier today, data from on-chain analytics platform CryptoQuant shows that users of 21 major exchanges sent Bitcoin to their wallets in bulk on June 14, with 59,356 of BTC moving into the guest room and making themselves at home.

It’s the largest daily inflow of BTC to exchanges since November 30, 2018.

As for the actual selling, crypto exchanges FTX and Binance have been host to most of that pressure, according to CryptoQuant CEO Ki-Young Ju.


Ki Young Ju
@ki_young_ju
This selling pressure came from @Binance and @FTX.

$BTC Exchange Inflow CDD(Coins Days Destroyed) indicates old whale deposits

[luckydude777]

I've been preoccupied with BOTH our vehicles needing some repair yesterday and today so I wasn't able to stay on top of things in the market.

Sounds to me like you have a GREAT rhythm going with your trades. I'm just learning this game, but really loving trading S and T.

ALWAYS appreciate you taking the time to post, along with other posters as well.

[luckydude777]

Don't WANT to get out soon, but thanks for your take.

Deep pocket hedge funds see a lot more profit shorting that they do jumping back into stocks long in this down cycle.

Institutional funds aren't excited about buying stocks higher now either ... when they realize they can buy them MUCH cheaper as we move forward.

Personally ... I make EASIEST money trading TQQQ when it does little relief rallies than I do with SQQQ. I can flip it faster more profitably than I can SQQQ. That could very well change soon however.

[Agoura Guy]

A TRADE SETUP FOR NEXT MONTH... WAIT UNTIL AFTER THE INTEREST RATE ANOUNCEMENT AND FOR THE PRESS CONFERENCE. SOMEONE ALWAYS ASKS POWELL A LOADED QUESTION AND AS SOON AS HE ANSWERS THE PPT GOES FULL BLAST.

ALSO, WITHIN A MINUTE OF THE PPT PUMP THERE IS A CRUSHING DOWNTICK THAT TRIGGERS STOPS FOLLOWED BY A SUDDEN SHARP REVERSAL. THE DOW GAINED 700 POINTS IN LESS THAN 15 MINUTES.

NEXT TIME I WILL BE WATING FOR IT. THIS IS WHAT HAPPENED LAST TIME AS WELL.

THE DIFFERENCE TODAY THE BUYING COULD NOT BE SUSTAINED AND A GOOD PORTION OF THE GAINS WERE GIVEN BACK BEFORE THE CLOSE.

I EXPECT THE DOWNTREND TO CONTINUE.

AT LEAST I SOLD YESTERDAY ANTICIPATING A DEAD CAT BOUNCE TODAY AND I AM BACK IN SQQQ AT A LOWER PRICE.

[jablome]

hopefully you can get out soon.. theres only 10 pints of blood in the human body

[jablome]

cause "they" know dxy going to 165

[luckydude777]

I bought more myself. Plunge Protection Team very accommodative.

[Agoura Guy]

BACK IN SQQQ.... THE FED PUMP LASTED FOR ONLY SECONDS, I WAS WAITING WITH MY FINGER ON THE BUTTON!!!!!!!

[tw0122]

Blackrock has gone mostly cash??$9 trillion in money market accounts. Skip to minute 31:00 of this video. Interesting stats from today

[KICK1]

Sweet! 420 PPP! $SQQQ

[jablome]

powell gonna surprise everyone QE4$ baby 2:30PM

[luckydude777]

Holding you to it.

[weedtrader420]

SQQQ $70 TARGET PRICE TODAY

[Agoura Guy]

NO WORRIES, BEAR MARKET RALLIES DON'T LAST VERY LONG AND ARE FOLLOWED BY NEW LOWS.

IF HISTORY REPEATS THERE WILL BE THE USUAL PPT INTERVENTION DURING FED DAYS.... ITS ALL THEY KNOW WHAT TO DO!!!

YOU CAN ALWAYS AVERAGE DURING A PUMP.

[WolfOfGrnStreet]

Futures look so weak. More going in to this.

[luckydude777]

I considered it but decided to hold off a few days. Probably should have done what you did.

[PennyRookie0]

Aye, exited yesterday.

[Agoura Guy]

I TOOK PROFITS ON SQQQ... WILL WAIT FOR THE INEVITABLE FED PUMP TOMORROW TO RE-ENTER.

[luckydude777]

Adding more SQQQ to my poorfolio for longer term. Flipping T for very shorter term, when it looks attractive.

[weedtrader420]

SQQQ$ WOOHOOOOOO $100 TARGET PRICE Will be there in no time

[KICK1]

So what happens if I make money here and buy more bitcoin with the profits

[Agoura Guy]

TRADE THE VOLATILITY... SQQQ IS A MONEY PUMP!!!!!!

[tw0122]

Looks now like the Fed Clowns will try to close right above bear market level so they don’t have to deal with a real bear market yet. Could be wrong but above SPY 384 close negates an official bear market. Would only mean dropped within bear territory level.
Nasdaq of course less important then the S&P 500

[tw0122]

Not yet but getting there..

[Agoura Guy]

ARE YOU NOT ENTERTAINED?????

LMAO!!!!!!!!!

[KICK1]

Yes Thank You Woohoo! Abracadabra! $SQQQ 420 PPP!

[weedtrader420]

WOOHOOOOOO WOOHOOOOOO SQQQ$$$$$$$$$ WOW! $100 TARGET PRICE

[KICK1]

I have 2.75% on a 30 and I’ll get back 15K if I pay it off $SQQQ Premium Bulls USA USAA!

[tw0122]

No buyers for MBS. Then a few posted prices beyond borrower demand, not wanting to buy except at penalty prices. Overnight the retail consequence has been a leap from roughly 5.50% to 6.00% for low-fee 30-fixed loans.

[weedtrader420]

Good post SQQQ$$$$$$$$$ I wouldn’t put that poison in me. China not using our vaccines They know it’s poison. Another big week coming for SQQQ

[tw0122]

CV19 Vaxx Deadliest Fraud in History – Edward Dowd—/—

Posted on June 9, 2022 by Constitutional Nobody——/

Former BlackRock stockpicker, Ed Dowd joins Greg Hunter to say that the COVID vaxx (or what he calls the “Magic Juice” to avoid being de-platformed) will be the deadliest fraud in history. As a Wall Street insider, he has seen his share of financial frauds but this one is different, because, “The problem with this fraud is it is a bridge too far. 220 million Americans took the vaxx. Three million Americans are disabled, and it’s probably higher, and those disabilities are going to continue to grow.”

He says, “This is something we have never seen in the history of our country and the history of the world for that matter. We have a product [the vaxx] that is so fraudulent and so deadly from an acute basis and kills you right away, but the long-term implications of this health impact we don’t know yet. It’s looking grim. This is going to be with us for decades.


https://ussanews.com/2022/06/09/cv19-vaxx-deadliest-fraud-in-history-edward-dowd/

[tw0122]

“The Fed Now Has Good Reason To Surprise Markets”: Barclays Is First Bank To Call For 75bps Next Week

Posted on June 10, 2022 by Constitutional Nobody
“The Fed Now Has Good Reason To Surprise Markets”: Barclays Is First Bank To Call For 75bps Next Week

With Wall Street still stunned at today’s blistering red-hot CPI, and with 2Y yields blowing out almost 20bps today, rising above 3.00%, the highest since 2008 (right around the time Lehman was sacrificed for the greater good) broad-based price pressures, with little indication that these have peaked, banks are starting to break ranks with the Fed-imposed consensus, and are predicting that the Fed will shock markets next week when it will hike more than it has guided.

[tw0122]

Rates going higher the Fed funds rate way behind market rate…

[KICK1]

I don’t mind haha maybe I did it right this halving next one I’ll do better $SQQQ

[Agoura Guy]

THERE MIGHT ACTUALLY BE A TOILET PAPER SHORTAGE THIS TIME!!!

THE MARKET IS TAKING A MASSIVE CRAP!!!!!!

OH MY!!!!!!

[WolfOfGrnStreet]

It’s a Good Friday here. Made some gas and beer money.

[WolfOfGrnStreet]

Inflation is in its infancy