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Interesting enough... find a U.S. bill made after 2017. I'll wait. Trump stopped the unlimited printing, which is why the newest move to "battle inflation," is the Fed's tool to counter what was done. The fed still wants to adjust for political budgeting. This is why everything is happening right now as it is.
But hey... truth and facts and stuff...
Don't forget the spontaneous combustion of Teslas on Front Street in Maui that led to mysterious death tolls and untold horrors as emergency workers were confused by wompy electromagnetic interference that resulted in Hutchison Effect rooting all vehicles in place, unable to escape. The untold horrors are just... you'll have to go there and see for yourself...
(If you believe any of this, I have a time traveling DeLorean for sale that can take you back to 1990 so you too can invest in Qualcomm and Cisco.)
I'm flipping hats right now. We're at a pinnacle pivot point.
This tracks with previous lows this year and was absolutely the mark that was needed to justify a full correction to the previous rally. With the prime indicator this coming week on Nvidia's earnings and a heavy supplier for all things Tesla, I'm making a solid stance that even with the pressure on demand from that company, this is a valuation point no one will want to miss out on. Today's bounce has given me the proof I needed that the falling knife hit bottom and found it's critical support level.
Expecting Monday to be flat or rather inconsequential. Tuesday and Wednesday building up to an explosive Thursday and Friday.
70/30 on calls:puts as I'm expecting more upside potential here on out, but never rule out downside protection. Although I will not be loading up my moves until late Tuesday morning due to Theta.
Good Luck to all. Crystal clear translation of my moves is what I aim for.
I believe this is the top for the remainder of the day
It's been riding below the 1W 50MA. Currently 435.91. Should be below this going into close.
Loading cheap puts as we speak. The walk up is as expected.
If no one has noticed, this is a larger issue than "Tesla ermagerd!"
Banking and lending downgrade threats. More potential rate hikes.
When a bank is downgraded, it's ability to operate in certain bond markets shrivels up.
Watching all tech except Nvidia bow down, and they're only up because of earnings speculation...
Aug 23rd will be the key point to call a bad 2023 future or reignite new hope.
So, for all of the individuals that think Tesla is doing "horrible," think again. The global market is diving.
Bounced off of the 1M 50MA. 436.
Will need something major to break past. Expecting 415 or lower tomorrow.
And yet Bill Gates does Ted talks on carbon emissions and green movement and owns farmland. Yet... you'd probably consider Microsoft successful...
He has enough time to worry about trying to short sell or even care about Tesla's production...
Yeah... more fluff
Consolidation until the next break downwards.
This was a pinnacle moment for S&P 500. Today had to be green to reverse a downtrend. Lower lows is significant.
That and banks being downgraded.
A suspected increase to CPI after a fed rate hike...
Disaster is coming. Riding puts down.
True... to quote many people in business... stupid people are a gold mine.
Damn integrity gets in the way from time to time.
Typos.... your dyslexia has mine and yours kerfloppled.
Conspiracy vs technical analysis on an investment board.... go to Facebook. Your posts are drunk.
$442.61(-0.94%)
Speculated open price on Monday.
Typical bait switch and spam the heck out of the board, burying actual analysis in exchange for garbage...
You two need lives.
As much as I detest the detractors, nay-sayers, and CAPSLOCK warriors on this board, we're set up for a nasty dive.
S&P 500 has encroached the 1m 200MA & 200EMA.
It has been well above the 3m and 1yr VWAP for an overly extensive period of time.
The bond market is making leaps upwards and is usually seen as a direct inverted reflection of stock equities.
On a technical level; Even after yesterday's dump, the MACD did not cross the signal line to indicate re-entry. So to me, the only green candlestick indicator is a false one.
I fully expect S&P to reach 4439 in a few days. CPI is due Aug 10th and Nvidia earnings are Aug23. With all of this said, we're looking a massive corrections to the rally as yesterday broke through resistance points. Monday should see some resistance on open, but overall for the week. I'm a bear 🐻
I'm on whichever side the MACD and VWAP are on. When both stars align, it's a party. 🥳
Minutes:
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(Released August 17, 2022)
For the previous meeting.
Next one isn't scheduled until September.
August 10th 8:30 AM is the next major catalyst as we eye up inflation data.
August 17th fed rate.
Aug 23rd for Nvidia earnings.
These should be the only hiccups along the way, but any errant news will always add surprises....
GLTA
Was going to say the similar, but my marks were 4488 and 4434. Good analysis.
I do expect a little resistance Monday though as bulls will not willingly give up this rally, but institutions absolutely will as they eye up the bond market.
With it hanging above VWAP for as long as it did, could expect no less
Yep. Confirmed.
The July jobs report showed that the U.S. economy added 187,000 jobs last month, down from June's 209,000 increase. July's figures came in below estimates for a 200,000 increase. Markets have been reading decreases as incremental positives in the inflation picture, easing the need for the Federal Reserve to conduct further rate hikes. The unemployment rate dipped to 3.5% from 3.6%. It was expected to hold steady at 3.6%.
Meanwhile, May and June payrolls were revised lower. May was revised down by 25,000, from an increase of 306,000 to 281,000. And June was revised down by 24,000, from an increase of 209,000 to 185,000.
I think jobs will be underwhelming today.
And you failed to read what I was replying to.
Saw the flat jobless claims. Dead cat bounce?
It's a piece that was already done earlier this year. February if memory serves correct. Not to detract from it, but I recall already reading that.
Downward move coming.
Relatively flat market for the week. Consolidation period.
Aug 2nd-3rd should prove to add some movement.
Waiting for signs of momentum in Nvidia to see Tesla ride up behind it. Still expect aug23 to gut the tech sector though.
Relatively flat day, but a spike in AH can lead to a decent pullback at open. Looking somewhat promising.
Was busy with bitcoin... pft gold...
No one cares about how much fake wealth you have. But disgusting lifestyle choices plastered on public forum, expect someone to go: STFU. Chad...
Harass me more. I'll counter sue. We can both have failed lawsuits. But TOS on vulgarity will win over.
No one cares.
Slippery slope. What's next, flexing that your proceeds went to gender reassignment surgery? Too Karen for ya Chad? Kids...
I am minding my business. I read these forums too and smut is against TOS. Personal attacks as well. You're both at fault. But I don't look for shitposts as a first thing to read when investing.
Also, kindly report posts that are personal attacks. Moderators will have 'fun' time here...
I'm not fanfaring adultery, properties not tied to trades, nor browbeating based on class... Show class not the other thing. Thanks.
Kind reminder to keep it clean in forums and represent a healthy platform to share trading ideas.
This looks like the start of the reversal. Just about 40 minutes to go
Buy when everyone is selling. Sell when everyone is buying. It's what MMs do. It's what I do.