a black eye for the US: Fitch downgrades US debt rating from the highest AAA rating to AA+
on debt ceiling drama and governance worries
https://www.cnn.com/2023/08/01/business/fitch-downgrade-us-debt/index.html

US debt has long been considered the safest of safe havens, but Tuesday’s rating cut suggests it has lost some of its luster. The downgrade has potential reverberations on everything from the mortgage rates Americans pay on their homes to contracts carried out all across the world.

The move could cause investors to sell US Treasuries, leading to a spike in yields that serve as references for interest rates on a variety of loans.

Fitch said the decision wasn’t just prompted by the latest debt ceiling standoff but rather “a steady deterioration in standards of governance over the last 20 years” regarding “fiscal and debt matters.”

S&P has maintained its AA+ rating on the US after the 2011 downgrade while Moody’s has kept its AAA rating.

In fiscal year 2022, the US paid $475 billion in interest — or 1.9% of gross domestic product. That amount will nearly triple to $1.4 trillion by 2033, or well over 3% of GDP, according to the CRFB’s analysis of the Congressional Budget Office forecast.

The Federal Open Market Committee FOMC) meeting schedule 2023:
January 31-February 1.
March 21-22*
May 2-3.
June 13-14*
July 25-26.
September 19-20*
October 31-/November 1.
December 12-13*

Natural Gas Price bounces from the bottom low @6.66

CPI DROPPED TO 7.7%
hurray!

Chinese stock crushes after Chinese President Xi Jinping secured an unprecedented third term as leader of the People's Republic on Sunday --
and U.S.-listed Chinese tech stocks promptly fell off a cliff as a result.

https://finance.yahoo.com/m/96c1224d-c0d1-3a7d-9af7-53ce6d7732f5/why-baidu-dingdong-and.html

OPEC+ to consider oil cut of over than 1 million barrels per day

https://www.reuters.com/business/energy/opec-consider-oil-output-cut-over-1-mln-bpd-sources-2022-10-02/

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness.

The meeting will take place on Oct. 5 against the backdrop of falling oil prices and months of severe market volatility which prompted top OPEC+ producer, Saudi Arabia, to say the group could cut production.

OPEC+, which combines OPEC countries and allies such as Russia, has refused to raise output to lower oil prices despite pressure from major consumers, including the United States, to help the global economy.

Prices have nevertheless fallen sharply in the last month due to fears about the global economy and a rally in the U.S. dollar after the Federal Reserves raised rates.

A significant production cut is poised to anger the United States, which has been putting pressure on Saudi Arabia to continue pumping more to help oil prices soften further and reduce revenues for Russia as the West seeks to punish Moscow for sending troops to Ukraine.

Russia cuts off gas exports to Europe via Nord Stream indefinitely

https://www.cnn.com/2022/09/02/energy/nord-stream-1-pipeline-turned-off/index.html

Russia won't immediately resume exports of natural gas to Europe through its Nord Stream 1 pipeline, worsening a shortage that threatens to tip the continent into an energy crisis this winter.

The news of the extended shutdown comes on the same day as the West's biggest economies agreed to impose a price cap on Russian oil in a bid to limit Moscow's ability to finance its war, while keeping a lid on global inflation. That could result in countries blocking insurance cover or financing for oil shipments.

On Friday, Russian state energy giant Gazprom said it would not resume flows through the pipeline on Saturday as planned because it had detected an oil leak at its Portovaya compressor station. The pipeline has been shut since Wednesday for maintenance.
It didn't give a timeline of when exports might resume.
"Until the issues on the operation of the equipment are resolved, gas supplies to the Nord Stream gas pipeline have been completely stopped," Gazprom said in a statement.
The Nord Stream 1 pipeline is a key artery carrying Russia's vast gas supplies to Europe, accounting for about 35% of Europe's total Russian gas imports last year.
It flows directly to Germany, the bloc's biggest economy, which is particularly reliant on Moscow's gas to power its homes and heavy industry.
But Russia has been in an energy standoff with Europe since it invaded Ukraine in late February.

Oil Bounces since Saudi says
OPEC+ can cut output to address oil slump

https://www.reuters.com/business/energy/saudi-says-opec-has-options-confront-market-challenges-including-cutting-output-2022-08-22/

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Freeport LNG Looks to Restart in November

https://www.naturalgasintel.com/freeport-lng-looks-to-restart-in-november-halting-u-s-natural-gas-price-rally/

U.S. natural gas prices nosedived Tuesday afternoon after Freeport LNG Development LP outlined plans to restart partial operations at its export terminal on the Upper Texas Coast later than expected in November. The company had previously guided for a restart in early October.
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Natural Gas Price Soars On Heat Waves!

A Look at Eight New Leveraged Single-Stock ETFs
AXS Investments this week is launching eight new leveraged single-stock ETFs focusing on companies including Tesla Inc. (TSLA), Nvidia Inc. (NVDA), PayPal Inc. (PYPL), Nike Inc. (NKE), and Pfizer (PFE).

Specifically, these funds are the: AXS TSLA Bear Daily ETF (TSLQ); AXS 1.25X NVDA Bear Daily ETF (NVDS); AXS 1.5X PYPL Bear Daily ETF (PYPS); AXS 1.5X PYPL Bull Daily ETF (PYPT); AXS 2X NKE Bear Daily ETF (NKEQ); AXS 2X NKE Bull Daily ETF (NKEL); AXS 2X PFE Bear Daily ETF (PFES); and AXS 2X PFE Bull Daily ETF (PFEL).
https://www.investopedia.com/first-leveraged-single-stock-etfs-launch-5649193

Tesla Stock (TSLA) Vs. BYD (BYDDF) Stock: Tesla Earnings Due; China EV Giant Launching Model 3 Rival
https://www.investors.com/news/tesla-stock-vs-byd-stock-comparing-ev-stocks-tsla-byddf/?src=A00220

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Tesla (TSLA) and BYD Co. (BYDDF) are both fast-growing EV giants. While a lot of attention falls on startups such as Rivian Automotive (RIVN), Lucid (LCID), Nio (NIO), Xpeng (XPEV) and Li Auto (LI), as well as traditional automakers pushing into EVs, such as General Motors (GM) and Ford Motor (F), Tesla and BYD are setting the pace.
BYD easily seized the EV crown from Tesla in the second quarter as sales surged. Tesla deliveries fell significantly vs. Q1, reflecting Shanghai lockdowns that forced the factory there to shut down and then operate at limited capacity for much of the quarter. Tesla still leads in all-electric vehicles.

BYND breaking out
NFLX is running up before ER next week
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Novavax (NVAX) Down as EU Adds Side Effects to COVID Jab Label
https://finance.yahoo.com/news/novavax-nvax-down-eu-adds-122812455.html

Shares of Novavax NVAX fell 26.2% on Jul 14, after the European Medicines Agency’s (EMA) Pharmacovigilance Risk Assessment Committee (“PRAC”) updated the product label of Nuvaxovid, the company’s COVID-19 vaccine, to include some potential side effects like severe allergic reactions and skin problems.

Per the safety report, as of Jun 26, 2022, about 216,000 doses of Nuvaxovid have been administered in the European Union, ever since the company secured approval in the region, last December.

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Shares of Novavax have plunged 63.9% so far this year compared with the industry’s 20.6% decline.


Novavax's (NVAX 2.26%) long wait is over. After multiple delays, the U.S. Food and Drug Administration (FDA) finally granted Emergency Use Authorization (EUA) to the company's COVID-19 vaccine on Wednesday.

https://www.fool.com/investing/2022/07/15/novavaxs-vaccine-won-us-authorization-5-reasons-wh

uptrend continue for
the lovely bears

SQQQ breaking out


5D15min_
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Ohio Governor DeWine says Intel delay on $20 billion chip plant is about ‘leverage’
https://www.cnbc.com/2022/07/01/ohio-governor-intel-delay-on-20-billion-chip-plant-about-leverage.html

Ohio Gov. Mike DeWine still has high hopes for Intel, even after the company announced that its plan for a massive semiconductor plant east of Columbus could see its scope scaled back or construction delayed.

“I truly believe that this is the Midwest’s time. I believe it’s Ohio’s time,” DeWine, a Republican, said in an interview.

Intel said it was canceling a July 22 groundbreaking ceremony at the site while the company waits for Congress to pass the CHIPS Act, which includes $52 billion in assistance to the U.S. semiconductor industry to revitalize a key segment of the domestic supply chain.

5D15min_


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Qualcomm Spikes on Report It Will Remain iPhone 5G Modem Chip Supplier in 2023

Qualcomm shares soared Tuesday on a report that Apple’s push to develop modem chips for the iPhone “may have failed,” and that Qualcomm will remain the exclusive supplier of 5G chips for phones to be launched in the 2023 second half.

Writing on Twitter, the Taiwan-based hardware analyst Ming-Chi Kuo said that Qualcomm (ticker: QCOM) will hold on to 100% of the Apple (AAPL) modem supply for the 2023 iPhones vs the company’s own previous estimate of 20%.

Kuo wrote that he thinks Qualcomm’s revenue and profits for the 2023 second half and 2024 first half “will likely beat consensus” estimates as a result.

The analyst added that he thinks Apple will continue to develop 5G modem chips, “but by the time Apple succeeds and can replace Qualcomm, Qualcomm’s other new businesses should have grown enough to significantly offset the negative impacts caused by the order loss of iPhone 5G chips.”

https://finance.yahoo.com/m/1f1fd244-eec7-3af8-95d7-8ed5e6bfb9f0/qualcomm-spikes-on-report-it.html

LABU at 5.24
good entry point

5D15min_
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Market watch 220513
Market bounce after selling off for 5 days since Fed rate hike announcement on May 4
https://stockcharts.com/freecharts/candleglance.html?AFRM,HOOD,BYND,ZLAB,SE,WE,SOFI,SI,OSH,PTON|B|D20|0

https://stockcharts.com/freecharts/candleglance.html?CPNG,LAZR,UPST,OPEN,COIN,SFTBY,NKLA,PATH,LCID,SHOP|B|D20|0
------------------------------------------------------------------------
https://stockcharts.com/freecharts/candleglance.html?YINN,ASAN,BABA,BEKE,BILI,CD,CPNG,DIDI,DQ,GDS|B|D20|0

https://stockcharts.com/freecharts/candleglance.html?IQ,JKS,LKNCY,NIO,NU,PDD,QFIN,TCOM,TME,XPEV|B|D20|0

U.S. Futures Steady as Powell Damps Mega-Hike Fear: Markets Wrap

https://finance.yahoo.com/news/stocks-bonds-jump-powell-quells-214638927.html

A surge in U.S. stocks and bonds bolstered the outlook for Asia Thursday amid a bout of investor relief after the Federal Reserve raised interest rates as expected while countering fears of super-sized hikes.



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Fed raises key rate by a half-point in bid to tame inflation
https://apnews.com/article/federal-reserve-interest-rate-inflation-8d5e20882cdfd7975ebb3bb48a437f11

https://stockcharts.com/freecharts/candleglance.html?VMVAX,VVIAX,VFTAX,TNA,SOXL,QQQ,SPY,IWM,LABU,YINN|B|D20|0

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.

The increase in the Fed’s key short-term rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago.

The Fed also announced that it will start reducing its huge $9 trillion balance sheet, made up mainly of Treasury and mortgage bonds. Reducing those holdings will have the effect of further raising borrowing costs throughout the economy.

Fed hikes key interest rate
The Federal Reserve, which has kept its benchmark federal funds rate near zero since the coronavirus pandemic disrupted the economy in 2020, has raised the rate for the second time this year to tame inflation.


Key for market key indices bounds for 3%:
“A (three-quarters of a point) hike is not something that the committee is actively considering,” he said — a remark that caused stock indexes to jump. Before he spoke, the Dow Jones Industrial Average was up only modestly. By the close of trading, the Dow had soared 930 points, or 2.8% — its best single-day gain since May 2020.



https://s.yimg.com/uu/api/res/1.2/9Ub_vpb0djzlwiI21RF8bQ--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/938262732040850cf4fc65b4e3a1bf6d">https://s.yimg.com/uu/api/res/1.2/9Ub_vpb0djzlwiI21RF8bQ--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/938262732040850cf4fc65b4e3a1bf6d" />

LABU may reach the bottom for now

EV/ER Option Play for NIO update
NIO LI TSLA TTM

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China’s Lockdowns Are Hurting Electronics Demand, TSMC Head Says

https://finance.yahoo.com/news/china-lockdowns-hurting-electronics-demand-080517056.html

Taiwan Semiconductor Manufacturing Co. Chairman Mark Liu said his company isn’t revising down its forecasts for sales or capital spending for this year. Global demand for chips used in vehicles, internet-of-things gadgets and high performance computing remains strong, he said at an appearance in Hsinchu, Taiwan, as head of the Taiwan Semiconductor Industry Association.

China’s lockdowns are likely costing the country at least $46 billion a month, or 3.1% of GDP, in lost economic output, an economist predicted based on the assumption that cities generating about 20% of China’s gross domestic product are currently imposing targeted lockdowns. That cost would double if those areas had to follow Shanghai and impose stricter policies requiring most residents to remain at home.

TSMC will rearrange its output priorities to adapt to the new demand profile, Liu said. The company is keeping its production in Shanghai going, he said.


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ER Option Play for NIO
Long Strangles
NIO April 14 (22 +/- 4)
Buy 18.5 P @ 0.77
Buy 26.0 C @ 0.78
Net debit = 1.55 (Max. Loss)



https://www.optionsprofitcalculator.com/calculator/strangle.html

Definition of a Strangle/Collars
A strangle involves using options to profit from predictions about whether or not a stock’s price will change significantly. Executing a strangle involves buying or selling a call option with a strike price above the stock’s current price, and a put option with a strike price below the current price.

How a Strangle Works
Strangles work by letting investors profit from their guesses about whether a stock’s price will change, no matter what direction it moves. Like other options strategies, strangles give investors the option to produce additional income from their holdings, leverage their portfolios, and profit from situations where simply owning shares in a company would not allow them to make money.

Long strangles are a bet on volatility. The more volatile a stock’s price and the more the price changes, the higher the potential profits from a long strangle. Short strangles let investors profit when a stock’s price is stable.

Types of Strangles
There are two types of strangles: short strangles and long strangles.

Short Strangles
Short strangles let investors earn a profit when a stock’s price does not change significantly. Investors using a short-strangle strategy sell call options with strike prices above the current share price, and put options with strike prices below the current share price.

If the stock’s price stays between the strike prices of the options, the investor profits. If it rises or falls outside that range, the investor may lose money. Typically, profits are higher when the difference between the two strike prices is smaller.

For example, to set up a short strangle on XYZ, you’d sell a call at $55 and a put at $45. If the price remains in that range, you’ll get to keep the premium you earned from selling the options. If the price falls below $45, you’ll lose:

(100 x [$45 – market value]) – (call price + put price)

If the price rises above $55, you’ll lose:

(100 x [market value – $55]) – (call price + put price)

Long Strangles
A long strangle lets investors earn a profit when a stock’s price experiences a large increase or decrease, without needing to predict the direction of the change.

Investors using this strategy buy call options with strike prices above the market price, and buy put options with strike prices below the market price. If the share’s price remains between the two strike prices, the investor loses the money they spent on the options. If the price of the stock rises above the price of the call, they can exercise the option to buy shares below market value. If the price falls below the strike price of the put option, they can buy shares at market price and exercise the put to sell them for a profit.

For example, if you want to set up a long strangle on stock XYZ, which is currently trading at $50, you may buy a call with a strike of $55 and a put with a strike of $45. If the price rises, your profit will be:

(100 x [market value – $55]) – (call price + put price)

If the price falls, your profit will be:

(100 x [$45 – market value]) – (call price + put price)

If the price remains within the range of $45 and $55, you’ll lose the amount you paid to buy the options.

options.

Strangles vs. Collars
Strangles and collars are both options strategies that involve buying and selling options as well as volatility.

Strangles are designed to let investors profit from predictions about volatility. Investors who wish to use a strangle need not own the underlying shares involved in the options contracts they’re buying and selling.

Collars are similar in that they involve volatility. However, they are designed for investors who own shares in a company and wish to hedge against volatility. Collars limit the potential losses from large downturns in a stock’s price in exchange for limiting potential gains from large upswings.

While the two strategies may seem similar, they are used in two very different situations.

https://www.thebalance.com/what-is-a-strangle-options-strategy-5196160

YINN and YANG /FXI and FXP
On March 16, YINN and YANG reversed course after The China Securities Regulatory Commission said it would work with U.S. regulators to find a solution over audit supervision, which has put some China-based stocks in risk of being delisted from U.S. stock exchanges.
YINN, a triple leveraged fund that is designed to outperform the China 50 Index by three times, plummeted more than 63% between Feb. 23 and March 15 before beginning to rebound. YANG, which is inversely correlated to the FTSE China 50 and delivers three times its decline, soared 144% higher over that same time period before suffering a massive sell-off.

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very nice, still keep going up!

I covered my puts for 5 Cents. Calls are doing well.

Thank You.

yes, and pretty good volumes too
most of them > million shares (next to "market time" column)

sometimes I let the big fish go away because of
couple pennies LOL

Never traded them. All these symbols trade in US market?
Thanks for sharing.

I am still long it closed on buy signal. Ringing cash register is very good.

Chinese Stock Explosion
China Shares Soar After Beijing Signals Support; Alibaba Up More Than 20%
https://www.wsj.com/articles/china-markets-rebound-on-supportive-government-comments-11647416023

#msg-168163849

closed @13.55

It has to cross above 12.64 and close above today for initial minimum buy signal for my system.It did not, so it is weak so far.
14.28 would be confirming buy signal on closing basis tomorrow. I am still in small position via short selling puts, I bought few calls with that money for next week. For day trading you are right it gave 3 % to 5 % for today depend where one bought.
Thanks for sharing your chart.
Farooq

ERY SARK AMC PTON
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AMC invests in Gold
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me too

if it is making a low than we could have very good chance to come out ahead. So far I like the action today.

it was a 25% fall in 2 days!
hopefully, we have a chance to get out in green tomorrow

Well LABU I am not sure, it could be rolling over. I sold some 12.50 Puts which are under water right now, my system is on sell for LABU once its give green signal I will buy more.
It made new low for last six years today.

NVAX out at 81
rollover to LABU at 12

I did bought LABU bit cheaper today.
You are riding good on NVAX.

LABU at 13.8 NVAX 73.1
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Energy Utility


AEP, AES,D, EXC,ETR,FE,PEG,SO

https://stockcharts.com/freecharts/candleglance.html?AEP,AES,D,EXC,ETR,FE,PEG,SO|B|D20|0
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Alibaba and Other Chinese Stocks Got Crushed Today (3-10-22)
https://www.barrons.com/articles/alibaba-stock-china-delisting-51646949382?siteid=yhoof2

https://stockcharts.com/freecharts/candleglance.html?ASAN,BABA,BEKE,BGNE,BILI,CD,CPNG,DIDI,DQ,FUTU,GDS,GRUB,IQ,JD,JKS,LKNCY,NIO,NU,PDD,QFIN,TCOM,TME,XPEV,YUMC,ZLAB|B|D20|0

Alibaba (BABA), Yum China Holdings (YUMC), ACM Research (ACMR), Baidu (BIDU), and Pinduoduo (PDD) were among the Chinese stocks that got hammered in U.S. trading Thursday after the U.S. Securities and Exchange Commission put forward a list of five companies that could be delisted if they don’t measure up to U.S. accounting standards.
The list was a first step in applying the Holding Foreign Companies Accountable Act, which became law on Dec. 18, 2020. The act requires foreign companies to make documents available for accounting purposes and delist them if they can’t meet the requirements. The preliminary list of five companies includes BeiGene (BGNE), Zai Lab (ZLAB), Hutchmed (China) (HCM), Yum China, and ACM.
Not surprisingly, BeiGene declined 5.9%, Hutchmed fell 6.5%, Zai Lab dropped 9%, Yum China slumped 11%, and ACM tumbled 22%.
But Chinese ADRs that weren’t named also fell, including Alibaba, which dropped 7.9%, Baidu, which declined 6.3%, Nio (NIO), which slumped 12%, and Pinduoduo, which tumbled 17%.


ASAN,BABA,BEKE,BGNE,BILI,CD,CPNG,DIDI,DQ,FUTU,GDS,GRUB

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Very good catch.

next move FAZ
at 21


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