On Vacation
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$VIX dropped back
to 25 today
https://finance.yahoo.com/quote/%5EVIX?p=%5EVIX
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.
_
..
..
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" />
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.
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.
_
..
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/YANG and FXI/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.
..
_
..
..
_
..
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.
..
_
..
..
_
..
very nice, still keep going up!
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
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
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 was a 25% fall in 2 days!
hopefully, we have a chance to get out in green tomorrow
NVAX out at 81
rollover to LABU at 12
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
..
_
..
..
..
_
..
..
_
..
..
_
..
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
..
_
..
..
..
_
..
..
_
..
..
_
..
Exelon Executive: EV Charging Rollout Requires State, Utility Cooperation
https://ih.advfn.com/stock-market/NASDAQ/exelon-EXC/stock-news/87523243/exelon-executive-ev-charging-rollout-requires-sta
Building a national U.S. highway network of electric vehicle charging stations will take utilities working closely with states when federal funding becomes available, said Calvin G. Butler Jr., chief operating officer of Exelon Corp.
The roughly $1 trillion federal infrastructure bill approved by Congress last year included around $5 billion for high-use corridors that connect the entire U.S. and ease driver anxiety about recharging on road trips.
"Some states are very effective and have already set up an infrastructure to receive those block grants. And they're ready to roll," said Mr. Butler at the CERAWeek by S&P Global energy conference.
If utilities do not "lean in" to the process, "the build out may not be as quick and therefore not as efficient," he said.
More than 50 utilities have joined the National Electric Highway Coalition to try to provide charging along major highways by the end of 2023.
Write to Jennifer Hiller at jennifer.hiller@wsj.com
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
..
_
..
..
..
_
..
..
_
..
..
_
..
..
_
..
..
_
..
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
..
_
..
..
..
_
..
..
_
..
..
_
..
..
_
..
..
_
..
Are Chips falling Again?
SOXS INTC MU AMD NVDA LRCX TSM AMAT QCOM KLAC
https://stockcharts.com/freecharts/candleglance.html?SOXS,INTC,MU,AMD,NVDA,LRCX,TSM,AMAT,QCOM,KLAC|B|D20|0
..
.
..
_
..
_
..
_
..
_
..
Are Chips falling Again?
SOXS INTC MU AMD NVDA LRCX TSM AMAT QCOM KLAC
https://stockcharts.com/freecharts/candleglance.html?SOXS,INTC,MU,AMD,NVDA,LRCX,TSM,AMAT,QCOM,KLAC|B|D20|0
..
.
..
_
..
_
..
_
..
_
..
Powell inclined to propose and support a 25 basis point rate increase
https://www.usatoday.com/story/money/2022/03/02/interest-rates-jfed-2022/9332358002/
Despite Russia’s invasion of Ukraine and a sliding stock market, Federal Reserve Chair Jerome Powell told Congress on Wednesday the central bank plans to raise its key interest rate from near zero this month to fight a historic surge in inflation.
Powell said he'll propose a quarter-point hike, rather than a half-point, suggesting that's likely what the Fed's policymaking committee will approve.
“With inflation well above 2% and a strong labor market, we expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this month,” Powell said at a House financial services committee hearing. "I would say we will proceed cautiously along the lines of that plan."
"I'm inclined to propose and support a 25 basis point rate increase," he added.
He noted, however, the Fed is prepared to possibly lift rates more sharply, depending on the effects of the Ukraine war and other developments.
"Inflation is too high – we understand that," Powell said. "It'll take some time but we're going to get it under control."
Powell says Fed is poised to hike interest rates to fight inflation despite Ukraine war, market sell-off
https://www.usatoday.com/story/money/2022/03/02/interest-rates-jfed-2022/9332358002/
Despite Russia’s invasion of Ukraine and a sliding stock market, Federal Reserve Chair Jerome Powell told Congress on Wednesday the central bank plans to raise its key interest rate from near zero this month to fight a historic surge in inflation.
Powell said he'll propose a quarter-point hike, rather than a half-point, suggesting that's likely what the Fed's policymaking committee will approve.
“With inflation well above 2% and a strong labor market, we expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this month,” Powell said at a House financial services committee hearing. "I would say we will proceed cautiously along the lines of that plan."
"I'm inclined to propose and support a 25 basis point rate increase," he added.
He noted, however, the Fed is prepared to possibly lift rates more sharply, depending on the effects of the Ukraine war and other developments.
"Inflation is too high – we understand that," Powell said. "It'll take some time but we're going to get it under control."