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Time to load back up on FNGU as those people want to keep the debt game going higher and higher. Infinity debt is the goal. Just roll the trillions in debt over and over while consolidating the Banking power into a few Big banks while eliminating all the small banks holding the commercial real estate debt that is about to go completely bust.
No more need more for rate hikes as deflation settling in as commodities are tanking. Inflation is rear view now as consumer demand continues to crater.
2 year yield is higher then the 10 year yield which spells complete financial disaster for the banking system
No doubt headed there as conman Jamie Dimon and Janet Yellen meet behind closed doors as more imminent major bank failures on the way. The genius club want to merge more banks as if that is a solution to the crisis. Banks failing to payback emergency loans made to them
https://youtube.com/@stevenvanmetre5087
take a look at this
every time in history when these metrics crossed 100%, both reverted to the Mean
https://www.longtermtrends.net/sp500-price-earnings-shiller-pe-ratio/
in the 1st chart it has happened 3 times since 2000, 3 bubbles
Not only did BTFP use go up, Primary Credit use doubled this week to more than $9b. If this had happened in, say, late February it would've been a much bigger deal. This should be zero not going back up. Banks aren't able to repay emergency borrowings. pic.twitter.com/J4QRBE8Dsb
— Jeffrey P. Snider (@JeffSnider_AIP) May 19, 2023
Nice buys UVIX .. While US #banks have disappeared from the front pages for the time being, they're hitting up the Fed for more funding anyway. Fed's BTFP up to a new high this week, up past two weeks since First Republic. Not a huge increase, but it shouldn't be rising at all.
While US #banks have disappeared from the front pages for the time being, they're hitting up the Fed for more funding anyway. Fed's BTFP up to a new high this week, up past two weeks since First Republic. Not a huge increase, but it shouldn't be rising at all. pic.twitter.com/9Qqoi3pF60
— Jeffrey P. Snider (@JeffSnider_EDU) May 19, 2023
Big part of Japan's trade weakness is, of course, China. Exports to China were down big to start the year and then reopening really didn't change much. Demand is just not there. Nominal values way down as obviously real volumes. Bigger than just a trade recession. pic.twitter.com/wISsDCdTfo
— Jeffrey P. Snider (@JeffSnider_EDU) May 19, 2023
Even the mainstream is being forced to confront RIP China Reopening. While focus on US banks has waned, it is heating right up on overseas. Won't matter in the end, because globally synchronized. https://t.co/EitdwlV7Ya pic.twitter.com/2F66zJe6QR
— Jeffrey P. Snider (@JeffSnider_EDU) May 19, 2023
WTI contango, CNY & JPY dropping, also LT JGB yields, too. All of them about China Reopening failing and also the Euro$ consequences for what that will mean. JGB yields are inversely related to $ availability. Less $s, more buying JGBs.https://t.co/EitdwlV7Ya pic.twitter.com/fjYkqEmiRA
— Jeffrey P. Snider (@JeffSnider_EDU) May 19, 2023
Along w/WTI back in contango, CNY plunged below 7 to the dollar despite the dollar’s "imminent doom" demise ironically at the hands of China. Over the past two days, this “weakening” in yuan only starts w/RIP China Reopening.https://t.co/EitdwlV7Ya pic.twitter.com/iH9BJAMMds
— Jeffrey P. Snider (@JeffSnider_EDU) May 19, 2023
Despite very real supply problems (now wildfires in Canada, too) and low inventories, oil market is warning you that supply doesn't matter demand does. Not because it is going to rebound in 2d half of '23 rather the opposite. Esp. w/China reopening dead.https://t.co/xr05lVySWJ pic.twitter.com/hMEOWtwAyV
— Jeffrey P. Snider (@JeffSnider_EDU) May 19, 2023
IEA's May crude report filled with notes on supply problems/limited global inventories. It also claims demand is going to surge later this year. They can't believe oil prices aren't skyrocketing toward $100 & beyond. Yet, market is doing the opposite.https://t.co/xr05lVySWJ pic.twitter.com/JlAIfOu0Pl
— Jeffrey P. Snider (@JeffSnider_EDU) May 19, 2023
how is this possible
laser straight no tolerance trend-line, 100% programmed by we know who, the old market days were fun, I could imagine in due time, markets will be federalized and trading will be a relic of the past, it will akin to social security, you only participate in markets via a federal program, I see it coming
anyways, if you haven't, take a look at fx evolution on youtube, unbias, good stuff to help navigate markets
svxy
yeah seen that lol
spend more on tech and less on food quality, I thought banks invented this decades ago with underground tubes haha, I won't be eating AI robot served food, that's for sure
1. jam markets up all week for opex contracts kill, with litany of Fed speakers
2. get Q's going vertical like penny stocks, while everything else is puking recently
3. get market cap to GDP back to 165% while everything underneath is near horrific
3. send out the boss with the old boss of 07/08 on Friday when opex is done to cool off markets
anyways, had trade planned early in week, for 1st hour and right before Fed boss speak, had 3 buys in the 8.90s zone, may get a little push higher next week, then the following week of month end push up markets for fund manager stats, haven't waned from the 17.24 gap, may take into Q3
Out of FNGU and SVIX. In some UVIX
Lol…AI coming quick with less service jobs Wendy's is partnering with Pipedream, a hyperlogistics company, to pilot an underground delivery system that will use autonomous robots and underground tubes to deliver meals to cars picking up mobile orders.0 The first underground delivery system will be added to an existing store later in 2023, but the company did not indicate where the restaurant is located.3 Wendy's aims to deliver digital food orders from the kitchen to designated parking spots in seconds.0 The company is the first quick-serve restaurant to pilot this cutting-edge technology.12 Wendy's CEO, Garrett McCurrach, expressed pride in partnering with Wendy's to bring the future of mobile order pick-up to the quick service industry.
Indeed out of FNGU and SVIX and time for UVIX daytrade
Low $3’s might be bounce area. Loading up.
Still long FNGU and SVIX with 50% exit premarket cautionary but optimistic the bubble expands into memorial holidays
FNGU sitting at about $132 needs to rise above $134 for bubble to continue.
Relentless hammering of VIX today...even through AHs, dang. Lost 50 bucks today trying to trade long UVIX. Under the circumstances, I consider that a pretty good day You know it's bad when you can't even bring yourself to buy 100 shrs of UVIX at 9.05 in AHs, lol. It just feels like they will usher in the 8s tomorrow, we'll see about that. Just hard to believe the market pump has sent UVIX to low 9s. Never would have imagined that happening with all the chaos and uncertainty going on.
no doubt, options is a suckers game unless using as a hedge with a deep understanding of the money changing business
eye on next week for possible vol spikes following tomorrow opex
seen a headline yesterday, Apple market cap now bigger than entire russel2k
I've been secretly watching the greed meter weee!
goog rsi close to 80 should I buy?
one serial bubble to the next lol now its AI
Excellent analysis !!get the sheep to go long and kill PUT options. Makes sense Wall Street will rob you blind if you don’t follow algo direction.
Rates rising for mortgages and cost of doing business. Sounds like they slaughtering the debt borrowers especially small business startups.
seems they were killing vix because all the call options before yesterday vix opex
wall st finest hours, suck all the money out of option holders
nice Boil move from 2.70s missed that one
grabbed some U here and additional entries planned tomorrow, svxy cresting above top weekly linear on declining volume, hyg not agreeing with spx. my guess another svxy push or blow off top in morning, the headline narratives are shifting to bull mania everybody pile in, which they always do at market peaks.
Kind of quiet on the board last couple of days...where'd everyone go?
SVIX and FNGU where the money at for now and GDXD just cashed out remaining holdings
Apparently so...
What a VIX crush, just incredible that this market is way up here.
FNGU up 3% these stocks continue to hold up the whole market. In particular 4 stocks holding up the entire show Google Microsoft META Apple. Until these crash down or pullback they can continue to pump the markets to ridiculous levels..
Only thing market is looking at is the debt ceiling and the likelihood of it's being extended...surprise, surprise
starter at 9.95
Getting there oversold for sure Home Depit worst earnings in 20 years and mass layoffs
https://m.youtube.com › watch?v=ztv_tOShYTo
IT JUST HAPPENED! Home Depot Worst In 20 Years, Mass Layoffs ... - YouTube
Join this channel to get access to perks:https://www.youtube.com/channel/UC2FiWOXQosY8RU5bxQCqmIg/joinFor Sponsorships Email MichaelCowan@lighthouseagents.co...
https://youtube.com/@MichaelCowann
will see added TMF at $7.84
Land, Fngd, bnkd, uturd
Dumped boil this am
See how much longer the overpriced has- been garbage can be propped up. The economy is toast, but hey, we still have iPhones, marketplace and internet
opex end of week
grabbed a few U 10.07s for the chest
svxy pushing upper chart boundaries, may push higher into opex so keeping entries scaled as doing last few weeks
Watch those $FNGD stocks they are key to UVIX $17s. Just a few $FNGD stocks
holding up the sinking titanic (markets). Maybe they spin the debt ceiling theme as the iceberg that brings UVIX $17..
Also under consideration another Big Bank goes under which brings the money printers back out causing more stagflation
I was surprised they gave me 10.35s again
but did flip a handful since its Friday, as Huka would say, core holding remains strong
everything aside, only looking at svxy chart last few weeks on Fibs and regression
still chasing 17.24 gap, perhaps more, no timeline
Half out FNGD $16.96 from $16.08 rest out soon unless GOOGLE META or MSFT rollover. Still holding fort for markets
UVXY UVIX looking good for starting positions premarket.
Back in FNGD at $16.08. Still holding GDXD $3.70s-80s just a little longer have cashing out on the way up. Adding $TMF on dips best adds have been under $8.20 levels recently..
Jobless claims now at 264k... I've been saying once it breaks 250k weekly claims there's no going back. We'll soon see.
Jobless claims now at 264k... I've been saying once it breaks 250k weekly claims there's no going back. We'll soon see. pic.twitter.com/5EA2evebcA
— Steven Van Metre - AI 👑 (@MetreSteven) May 11, 2023
Stick a fork in China reopening, too, assuming it wasn't completely dead and buried already. Both its CPI and PPI down in April. They keep pumping out stories about Chinese consumers going bonkers. Instead, deflation's the only thing growing.https://t.co/9Ueu48TmE3 pic.twitter.com/DP0qdkHehD
— Jeffrey P. Snider (@JeffSnider_EDU) May 12, 2023
As the global economy heads right into recession, commodities keep breaking down. The supercycle everyone was talking about seems like a distant memory (for good reason, because there was never going to be one).https://t.co/9Ueu48TmE3 pic.twitter.com/hXeIH7Um7d
— Jeffrey P. Snider (@JeffSnider_EDU) May 12, 2023
The worse it gets for China's factories (forget reopening, that died months ago assuming it ever got going) because no one in America (or Europe) is buying anymore, the more prices are going to fall beginning with commodities. https://t.co/9Ueu48TmE3 pic.twitter.com/dS033Y1TUG
— Jeffrey P. Snider (@JeffSnider_EDU) May 12, 2023
Spike in US jobless claims to highest since Oct 2021. Is this finally the long-anticipated surge? While one week doesn't mean much, everything other than labor data screams deflation and recession. This would hardly be a shock.
Spike in US jobless claims to highest since Oct 2021. Is this finally the long-anticipated surge? While one week doesn't mean much, everything other than labor data screams deflation and recession. This would hardly be a shock.https://t.co/9Ueu48TmE3 pic.twitter.com/nk59u1mjZ8
— Jeffrey P. Snider (@JeffSnider_EDU) May 12, 2023
With Dr. Copper down huge today to lowest since last November, copper-to-gold dragged to new multi-year low, worst since 2020. Another crucial deflationary sign.https://t.co/9Ueu48TmE3 pic.twitter.com/ph5KfbyClr
— Jeffrey P. Snider (@JeffSnider_EDU) May 12, 2023
Stopped out of FNGD the money printers are back again. So markets building up SPY 412 zone for a push higher as GOOGL and META hold the markets up
In FNGD at $16.47 looking for $20
Resistance. Don’t think Google or META can hold the FORTRESS for the whole markets. But stop loss just in case the money printers show up.
$GDXD $TMF making there moves ring the register time soon.
$TMF is mandatory to go up. Can’t service that infinite government DC and lobbyist debt of America with high interest rates
I would have to assume the print room is ready for a green market tomorrow if CPI stays relatively flat on forecasts, a much higher or lower CPI could be a catalyst to shake markets, lower CPI being negative on corporate pricing power
more inclined to think vix comes out of hibernation in early summer from the banking issues
possible we retest U low 10s, just a thought if no big CPI surprise
Google and Microsoft holding the markets up for now. Will it last into CPI PPI?
In GDXD yesterday $3.79-$3.83 buying range
Keep an eye on FNGD as opposed to the SPY. FNGD stocks holding the mArkets up.
Thanks for sharing. Definitely the add zone
WTI down sharply last week, hit w/a flash crash & it was nothing compared to Germany's horrific macro last week. Retail trade down big. Global trade down huge. Factory orders crashed like there were lockdowns again. Come to think of it, helps explain WTI.
WTI down sharply last week, hit w/a flash crash &
— Jeffrey P. Snider (@JeffSnider_EDU) May 8, 2023
it was nothing compared to Germany's horrific macro last week. Retail trade down big. Global trade down huge. Factory orders crashed like there were lockdowns again. Come to think of it, helps explain WTI.https://t.co/BHgicM2ZTj pic.twitter.com/zvw0aA9zJr
German factory orders were down an unimaginable 10.7% in March alone. That's the kind of decline from the pandemic lockdowns or during the '08 Great "Recession." Orders from outside Germany were worse, down 14% just in March. Banking crisis hit so soon?https://t.co/BHgicM2ZTj pic.twitter.com/q5QfqjEkcy
— Jeffrey P. Snider (@JeffSnider_EDU) May 8, 2023
Another worrisome deflationary sign: used car prices are falling fast again. They had rebounded (according to wholesale prices) to start this year sparking renewed "inflation" fears. Even if that was the case, did the banking crisis end it? Maybe. https://t.co/BHgicM2ZTj pic.twitter.com/9rFWEj7XM1
— Jeffrey P. Snider (@JeffSnider_EDU) May 8, 2023
The deflationary "outliers" are becoming a bit more frequent. First one bank. Then another. And another. Before you know it there's an air pocket in WTI crude. Just another "anomaly", of course, and Bberg tries to blame it on margins and regs. Sure.https://t.co/BHgicM2ZTj pic.twitter.com/pXpBIdiyA5
— Jeffrey P. Snider (@JeffSnider_EDU) May 8, 2023
Last week was really not a good for oil markets. Huge declines Monday and Tuesday. Then Wednesday into Thursday WTI experienced an air pocket, like a flash crash. Why? Lack of liquidity shows up in WTI and that's not an accident or just random.https://t.co/BHgicM2ZTj
— Jeffrey P. Snider (@JeffSnider_EDU) May 8, 2023
VIX has been steadily trending up since 2018
Similar uptrends have preceded recessions
VIX has been steadily trending up since 2018
— Game of Trades (@GameofTrades_) May 8, 2023
Similar uptrends have preceded recessions pic.twitter.com/udfxon6TAh
Tech insiders have been selling aggressively$XLK insider buy/sell ratio is at a level seen before significant market declines:
— Game of Trades (@GameofTrades_) May 8, 2023
- 2015
- 2018
- 2020 pic.twitter.com/rpW3bIey0m
S&P 500 is approach its descending channel resistance
— Game of Trades (@GameofTrades_) May 8, 2023
Reaction here will be pivotal for the market pic.twitter.com/8U4wFseGGH
Rise in U.S Federal government debt is astonishing
— Game of Trades (@GameofTrades_) May 7, 2023
$1 trillion to $31 trillion in just 4 decades
This is not sustainable pic.twitter.com/vdRq5Wnqbx
The banking crisis keeps getting worse
— Game of Trades (@GameofTrades_) May 7, 2023
722 banks have experienced unrealized losses exceeding 50% of their capital - Federal Board of Directors report
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