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Nomura estimates that full or partial lockdowns are in place in 45 Chinese cities, affecting a quarter of the country's population and about 40% of the economy.
The longer this goes on, the more this will affect the global economy. Going to keep my $USO long on a tight leash.
Actually, I'd forgotten that I had bought a few $USO calls yesterday, when the premiums were better. Silly me!
Good looking setup in $USO. Premiums seem high to me, so playing this through $UCO.
Looks like $VERU fading. Added more puts.
I got Sep 100 calls. Guess I need Bezos or Trump to jump in and start a bidding war.
$UNG quite extended, so took a short via $KOLD at the close. 8-14 day USA temperature outlook is above normal. Unless EU puts an embargo on gas from Russia (unlikely), this should go down.
Intraday reversal in $UNG, but $USO holding up so far.
Hospitals in parts of U.K. strained due to large numbers of BA.2 covid patients.
https://www.bbc.com/news/health-61023908
Also $NUGT (2x $GDX)
Took a position in $GUSH (2x $XOP).
$PFE red to green and over yesterday's high.
Widening covid lockdowns in China could impact more production
https://www.wsj.com/articles/manufacturers-grind-to-a-halt-in-china-as-lockdowns-expand-11649343420
I just looked at the SA article you mentioned. Like you said, it's junk. One of the justifications the author gave for being bullish is the lack of insider selling when it's insider buying he should be looking for. Moreover, he didn't address the retractions of several papers from journals last week involving the principals at $SAVA. I'm hoping this bounces to the mid-30s so I can short it again.
Ah, so that big reversal candle was you!
Thinking $SAVA might have put in a short term bottom, so sold out of that for now.
$UNG breaking out past Oct high. Not chasing it at this point.
Took profits on some in the money $PFE calls and bought more out of the money calls for next week. MACD buy signal just triggered on the daily chart.
$DWAC taking a breather today, but $SAVA still dropping precipitously.
$PTON down 6% today. Will buy puts if I can find a nice entry point.
Meme stocks $AMC, $BBBY, $GME being hammered today.
Watching $UNG for signs of peaking.
$PFE up for 3rd day in a row after bouncing off 50 day sma.
$DWAC Trump has privately fumed about the app’s slow rollout and has mused about joining other platforms such as Gettr, one of its biggest competitors, according to people familiar with the matter
http://seeing2020.us/trumps-truth-social-in-trouble-as-financial-technical-woes-mount/
Wow. Former Fed NY prez says, "One way or another, to get inflation under control, the Fed will need to push bond yields higher and stock prices lower."
https://www.bloomberg.com/opinion/articles/2022-04-06/if-stocks-don-t-fall-the-fed-needs-to-force-them?sref=38CcBIjZ
Added $DWAC June lottos for good measure.
Bought some $DWAC and $TWTR Aug/Sep lottos.
REPUBLICANS ASK ELON MUSK TO REINSTATE TRUMP'S TWITTER ACCOUNT
— First Squawk (@FirstSquawk) April 5, 2022
I'm trying to establish a position, but every time I put in a bid, this MM raises the ask. I'm going to try just waiting for the ask to drop and then hit the ask.
$UNG breaking out
Making the cover seems significant. I mean, what drug from any other microcap company has made the cover of Lancet?
Is this the same article that was published in Lancet back in December?
$GME red to green. I've got calls for tomorrow.
$AMC calls
Maybe they should start with cars that don't catch on fire first.
$PFE moving up nicely. In some calls for next week.
Interesting analysis from retired Gen. Petraeus on Russian military in Ukraine.
https://www.cnn.com/2022/03/15/opinions/russia-ukraine-petraeus-bergen/index.html
$HGEN up 20% after CSO bought 1M shares on Friday.
Took an undersized position in $KWEB and $YINN yesterday. Latter is up 30% today. Dang! Shoulda taken an oversized position instead.
Oil tumbling today. Started a $USO short via $SCO.