[BottomBounce]

Precious metals Gold and Silver move upward as the middle east, china and taiwan and Ukraine and Russia wars continue to hit the news channels worldwide. $SPXU

[€LL-$G7$]

8% day coming

[Staypositive1]

Good place to be.

[MadBrewer]

"The S&P for example, should probably be more fixated on the 50 DMA at 3979".
https://www.zerohedge.com/markets/4000-more-just-round-number

Just broke 4000,..
SPXU
ProShares UltraPro Short S&P500
14.8399
+0.8499 (+6.08%)

SQQQ
ProShares ETF - UltraPro Short QQQ
38.789
+2.499 (+6.89%)

Cheers

[BUFCARP]

Dow is being manipulated by Powell .. inflation is killing normal people.. can only be held up so long .. this economy is getting ready to tank hard ..

[philg]

"Biggest-Ever Mega-Adjustment of Health Insurance CPI" skewed last Thursday's inflation report to look better than it was. https://wolfstreet.com/2022/11/10/services-inflation-spiked-to-second-highest-in-4-decades-would-have-hit-new-high-if-not-slowed-by-biggest-ever-adjustment-of-health-insurance-cpi/

[philg]

"Consumers’ median inflation expectations for one year out, after dropping three months in a row, jumped by 50 basis points, to 5.9% (red line), according to the New York Fed’s Survey of Consumer Expectations today." https://wolfstreet.com/2022/11/14/inflation-expectations-throw-a-curveball/

[philg]

Calendar of events for this upcoming week (further down in the article): https://finance.yahoo.com/news/what-to-know-this-week-in-markets-june-27-184417186.html

[philg]

I believe a recession is defined by two consecutive quarters of negative growth, please correct me if I'm wrong....wellllllll...quarter 1 of this year was negative growth, so if quarter two is negative also...the recession has arrived and few are even mentioning it.

I should note that most analysts I'm reading are expecting a small positive reading for this quarter.

[Outcast27]

well jumped in , don't see things getting much better for a while....Holding long , crazy Time will tell.......

[absinthe69]

S&P drops 50% what happens here?

[Liam859]

Calls paying out bigly

[Hattori Hanzo]

Crude heading back to the mid to low 60s

Weeeeeeeeeeeee

[Hattori Hanzo]

If the market is gonna start giving anything back this summer, it needs to start this week. Russell 2000 smelling like a nice violent rollover from highs, need to see it in the next day or 2, otherwise the plan for a summer short will have to be re-evaluated

[Nebuchadnezzar]

really hard to say. commodities have been rising even as the dollar has been rising. so if the dollar were to weaken and weaken significantly, commodities will continue to soar, the only thing to stop commodity prices from rising now are demand, a surging dollar or the FED.

i think the second half of 2021 will be very volatile

https://tradingeconomics.com/commodity/steel

[Hattori Hanzo]

Crude looks vulnerable as well, will wait on the signal to grab some SCO

[Nebuchadnezzar]

the algos are in buy mode, just waiting for that flip to sell :)

[Hattori Hanzo]

Just finished scaling in here today, let the bodies hit the floor

[Nebuchadnezzar]

I just want to know who paid off Jerome Powell in December 2018 and January 2019.

the infamous Powell Pivot had to be one of the most disgusting things I ever seen.

Hawkish to squeamish in a BLINK

[JohnSamuel]

Yes, SQQQ should be a good bet too NAS's deserves to be plucked as well and is way overdue.

[Nebuchadnezzar]

markets can definitely overshoot to the upside (looks like that is what is taking place)

note the SPY and AAPL lately ;)

I am long AAPL but buying SQQQ PSQ HIB SH and SPXU as hedges bc this market is looking very expensive on all metrics

[JohnSamuel]

True ... It maybe time to start a small position in it again and add as it grows ... this time it would probably work in our favor ... ;)

[Nebuchadnezzar]

last time they split this was when it was in single digits.

SPY is out of control. they are suckering in new longs before they dump in late July- September

[JohnSamuel]

Neb, I do not know, but I got out some time ago because they seem to pull a split on you when you start to make any progress, or at least that is what happened to me with it ... ;)

John

[Nebuchadnezzar]

it's splitting again?

i think it will be green after this over extended rally reverses

[JohnSamuel]

... what is everybodies opinion on SPXU's reverse split on Thursday ... 1 share for each 5 shares ... ???

[Agoura Guy]

At least SPXU is back to my average price of $7.05

[Jlane3965]

42 ps back in mar

[nowwhat2]

Some folks haven't drawn these lines : Perhaps they haven't seen them.
What has the top line begun to suggest ?....Click on link to see !
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159495612


Tokyos' 24,000 Breakout



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159495612

[Jlane3965]

Haha

[Agoura Guy]

I loaded up at fire sale prices bringing may average price down to $7.05! Next few weeks should be interesting.

Trump will win, way too much obvious election fraud from the Dems. Globalists won't be happy.

[Jlane3965]

“Something tells me, this forum will get a but more exciting in the coming weeks”

[Jlane3965]

https://www.bloomberg.com/news/articles/2020-11-01/european-leaders-driven-to-new-lockdowns-by-surge-in-virus-cases

[Jlane3965]

December, we’re gonna be like Europe is now. (March) This went to $42. Plus Biden’s gonna win. IMO

[GangstaRIB]

Keeping an eye on it as well. Election turmoil may get a pay day here.

[Jlane3965]

https://usafacts.org/covid-recovery-hub/

[Jlane3965]

"I'm thinking this will get back to $40..."

[Agoura Guy]

Added $7.78

[Agoura Guy]

Bought at $9.15

[Agoura Guy]

$12 SPXU in October!!!!

[Mrxstocks]

Got some more 8.50 calls for sept 25th expiry . $$

[Mrxstocks]

Also holding $8.50 sept calls

[Mrxstocks]

Grabbed some $11 calls here for oct

[trunkmonk]

SP gonna go down hard. Best place to watch Fantasy FAANG stocks come back to earth. I’m in no hurry, it’s all still full of hot air. But I am also not sure which is best way to go SPXU or SPXS. It’s still a 3x but I don’t trust Direxion.

[Nebuchadnezzar]

loading up on SPXU and PSQ next week as early as monday unless future are green, then ill wait but this is insane

[Grandmasim]

Time to load IMO!

[Nebuchadnezzar]

SPXU-200 at 14.45 just now

SPY hitting 295-295 resistance. sure it could hit 300-305 but then SPXU is DEFINITELY A BUY around 12.50-13.50

would go with 500 at 12.50 if it gets there as this market could still sell off big as market is priced for a very good 2021 which I doubt will happen

[ReservedRisk]

$SPXU Accumulating dips.


This WILL explode soon..




glta

[luckydude777]

Took a small position earlier. Currently trending slowly up.

We'll see what tomorrow brings.