ProShares UltraPro Short QQQ ETF (SQQQ)

[BottomBounce]

Cramer says a seasoned technical analyst expects inflation peak, market rally into June
https://www.cnbc.com/2022/04/20/cramer-explains-why-seasoned-technical-analyst-larry-williams-expects-inflation-to-peak-and-the-market-to-rally-into-june.html $SQQQ

[luckydude777]

Planning on it crashing.

[weedtrader420]

Fed speaks today markets will get crush

[weedtrader420]

SQQQ$ $70 TARGET PRICE TODAY WOOHOOOOOO

[tw0122]

Yes Oil and Gas stocks some of the few stocks left doing well but humorously also causing the markets to tank.
These higher transportation costs have recession and tanking stock markets written right in front of your face. Unless you are blind stock prices going much lower…Diesel prices $3.28 May 2021 and $5.60 May 2022

https://agtransport.usda.gov/Fuel/Historical-Diesel-Fuel-Prices/u2kh-s8ke

In the summer of 2008 an analyst said this… a few months later the economy was in full blown recession….
Lukman spoke with CNN in Vienna and defended the cartel's position, insisting the high price of crude would not result in a global economic downturn:

"We don't see a recession in the offing due to high oil prices. Oil prices at $138 are not going to cause recession in the global economy." He pointed out that industrialized economies "are less dependent on oil than they were before."

[tw0122]

Just remember as in 2008 analysts will not tell you that high Oil gasoline and diesel prices will contribute to collapse of the economy and a full blown recession because these analysts are on mainstream media payroll sponsored by the oil lobbyists.

[tw0122]

The higher Oil prices go the quicker the recession kicks in.

Did oil cause the downturn?

The implication that almost all of the downturn of 2008 could be attributed to the oil shock is a stronger conclusion than emerged from any of the other models surveyed in my Brookings paper. Unquestionably, there were other very important shocks hitting the economy in 2007-08, most notably the problems in the housing sector. But housing had already been subtracting 0.94% from the average annual GDP growth rate over 2006:Q4-2007:Q3, when the economy did not appear to be in a recession. And housing subtracted only 0.89% over 2007:Q4-2008:Q3, when we now say that the economy was in recession. Something in addition to housing began to drag the economy down over the later period, and all the calculations in the paper support the conclusion that oil prices were an important factor in turning that slowdown into a recession.

There is also an interactive effect between the oil price shock and the problems in housing. Lost jobs and income were an important factor contributing to declines in home sales and prices, and the biggest initial declines in house prices and increases in delinquencies were in the areas farthest from the urban core, suggesting an interaction between housing demand and commuting costs. Once house price declines and concomitant delinquencies reached a sufficient level, the solvency of key financial institutions came into doubt. The resulting financial problems turned the mild recession we had been experiencing up until 2007:Q3 into a much more severe downturn in 2008:Q4 and 2009:Q1. Whether those financial problems were sufficiently insurmountable that we would have eventually arrived at the same crisis point even without the extra burden of the recession of 2007:Q4-2008:Q3 is a matter of conjecture. But it seems to me that oil prices indisputably made an important contribution to both the initial downturn and the magnitude of the problems we’re currently facing.

It is also interesting that the observed dynamics over 2007:Q4-2008:Q4 are similar to those associated with earlier oil shocks and recessions. The biggest drops in GDP come significantly after the oil price shock itself. What we saw in earlier episodes was that the drops in spending caused by the oil price increases resulted in lost incomes and jobs in affected sectors, with those losses then magnifying other stresses on the economy and producing a multiplier dynamic that gathered force over subsequent quarters. The mortgage delinquencies and financial turmoil in the current episode are, of course, not the specific stresses that operated in earlier downturns, but the broad features of that multiplier process are surprisingly similar to the historical pattern.

My paper concludes that the economic downturn of 2007-08 should be added to the list of recessions to which oil prices appear to have made a material contribution.

Acknowledgment: The above was adapted from testimony by the author before the Joint Economic Committee of the US Congress and summaries at the website Econbrowser.

[tw0122]

In the summer of 2008 an analyst said this… a few months later the economy was in full blown recession….
Lukman spoke with CNN in Vienna and defended the OPEC cartel's position, insisting the high price of crude would not result in a global economic downturn:

"We don't see a recession in the offing due to $138 a barrel oil prices. Oil prices are not going to cause recession in the global economy." He pointed out that industrialized economies "are less dependent on oil than they were before."

[luckydude777]

Ohhhh yeaaaaaaaaaaaahhhhhh

[weedtrader420]

Q Q Q trades $287 that’s exactly where SQQQ is going weeeeeeeeeee

[Agoura Guy]

SQQQ TRADING OPPORTUNITIES, MULTIPLE SKIM TRADES ADD UP!!!!

[weedtrader420]

Market is trading like 2002 NASDAQ will lose half its value

[tw0122]

2022 worse then 2008 because of wages.. 2008 news….Friday’s spike in the July contract for light crude on the New York Mercantile Exchange marks the largest single-day increase in oil prices on record. The contract hit an intraday record of $139.12, breaking the previous trading record of $135.09.
""It's pure hysteria, absolute panic," he added.
The rally highlighted concerns that retail gas prices, which have surged near a nationwide average of $4 a gallon, will continue to crimp consumer spending and fuel inflation.
Stocks fell more than 400 points Friday due to the rally in crude prices and a report from the Labor Department that showed the unemployment rate rose to 5.5% in May from 5% in April, the biggest monthly jump in more than two decades. The economy lost 49,000 jobs, marking the fifth straight month of job losses.

[tw0122]

Bear sits next to guy.

[weedtrader420]

LMFAO WOO WOO

[weedtrader420]

WOOHOOOOOO SQQQ$

[luckydude777]

Took profits at $58.90 a bit ago. Might be a bit early but I'd rather be in cash for the next go around.

[weedtrader420]

WEEEEEEEEEEE WOOHOOOOOO SQQQQQQQQQQQQQ

[luckydude777]

Grabbed a bunch of SQQQ mid afternoon. Felt we were being given a "decoy"

Now glad I did.

[Agoura Guy]

NASDAQ 100 FUTURES ARE DOWN 156!!! SQQQ GOING BACK UP!!!!

[weedtrader420]

Year Of The Cat SQQQ$

[weedtrader420]

Oh happy days SQQQ$$$$$$$

[weedtrader420]

SQQQ$ WOW! Next two years we are going to get so rich here it’s ridiculous BITCOIN money coming in 8 )- I smoke too much genius weed Chronic Pepe le pew lmfao Buying all the dips sqqq

[weedtrader420]

Looks like NASDAQ will be down 1000 points tomorrow WOOHOOOOOO Buying this on any dips All the money on SQQQ$$$$$$$$WOW! $100 target price this week

[WolfOfGrnStreet]

which means SQQQ All Time High has not been seen yet.

[tw0122]

US households have seen about $20 trillion in net worth disappear in 2022 under Joe Biden, a loss far greater than under any other US president in history.
In short, the world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer... and worst of all, it's getting poorer at the behest of its own leaders.

Since the start of the year, the S&P 500 Index is down 18%, the Nasdaq 100 has lost 27% and a Bloomberg index of cryptocurrencies has plunged 48%. That all amounts to “a wealth shock that is set to drag on growth in the coming year,” JPMorgan economists led by Michael Feroli wrote in a note Friday.

[luckydude777]

Would that imply that he has to trim his ugly goatee in BOTH places?

[Agoura Guy]

EVENTUALLY SQQQ WILL WORK ITS WAY UP TO $100!!!! THAT'S MY TARGET!!!!!!

[Agoura Guy]

THE FED HAS MULTIPLE RATE HIKES PLANNED.... THE MARKET WILL SELL OFF ***MORE***... NOT RALLY!!!!!

DOESN'T CRAMER UNDERSTAND THE ECONOMY IS ABOUT TO UTTERY IMPLODE???

GAS STATIONS EVEN HAD TO REPROGRAM THEIR LCD SCREENS TO DISPLAY DOUBLE DIGIT PRICING..... YES THAT'S RIGHT...***DOUBLE DIGIT GAS PRICES ARE COMING***!!!!!

HOW DOES DOW 7,000 SOUND??????

[WolfOfGrnStreet]

Cramer doesn’t know his head from his ass hole

[tw0122]

Most options trades I feel like they have to be done in a few minutes time frame now a days. Take the quick 20 to 40% scalp and then move on and look for the next scalp.

[tw0122]

SPY Puts they were after at end of day at $389.60 range about 100,000 went from in the money to out. Market makers and PPT always going to be crooks. That is why I
scalped puts in the morning from 390 to low 380s and then quit mostly while ahead. Scalping best way to steal money from crook market makers.
Always have to be aware the worse the markets get the higher chance the Fed does QE and makes all taxpayers pay up again. It’s there crooked game they can change there cards at no moments notice

[Agoura Guy]

END OF DAY OPTIONS EXPIRY PUMP, I SHOULD HAVE WAITED LONGER BEFORE BUYING BACK... NEXT WEEK BACK TO SELLING!!!!

$70'S STILL COMING!

[Agoura Guy]

UPDATE: I SOLD AT $63.50... NOT MUCH OF A BOUNCE, BACK IN AT $62.25. OH WELL, GOT $1.25/SQQQ OUT OF THIS FLIP.

[BottomBounce]

Cramer says a seasoned technical analyst expects inflation peak, market rally into June
https://www.cnbc.com/2022/04/20/cramer-explains-why-seasoned-technical-analyst-larry-williams-expects-inflation-to-peak-and-the-market-to-rally-into-june.html $SQQQ

[tw0122]

Guess I answered my own question Bear market official now SPY under 384. Did more PUTs in and out back in SQQQ for another flip. We shall see 372 that was a previous level of support on SPY

[weedtrader420]

New high

[weedtrader420]

LMFAO WOOHOOOOOO WOOHOOOOOO

[weedtrader420]

We’re going over $100

[weedtrader420]

WOOHOOOOOO SQQQ. New high coming today

[tw0122]

Nice! Will buy the pullback for etf play.
made money on SPY puts from 390 break down to 386. Was waiting for 390 to break because there was like a 100,000 puts that needed to be paid out. Took a while to break 390.

[Agoura Guy]

OPTIONS EXPIRE TODAY SO THERE COULD BE THE USUAL MANIPUALTION BEFORE THE CLOSE, CERTAINLY NEXT WEEK I EXPECT MORE DOWNSIDE. IT DOESN'T REALLY MATTER TO ME SINCE I AM HOLDING SQQQ FOR LARGER GAINS. I EXPECT $70'S IN JUNE!!!!!

[tw0122]

Whats your take on SPY breaking 384 today or next week?

[tw0122]

Out here at $60 ish from $57. You think SPY can go into official bear market under 384 today then will be back.

[Agoura Guy]

SQQQ $60'S!!!!!! NICE!!!!!

[Agoura Guy]

SQQQ CLOSED $58.26 +1.05

[weedtrader420]

WEEEEEEEEEEEEE

[weedtrader420]

SQQQ $100 Target price Maybe by next week I think SQQQ can go to $1000 Dow Jones 15,000 coming NASDAQ 5000

[tw0122]

Out with $4 gain today good luck

[tw0122]

$55 from $51 nice but not as nice as $49 lol