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good review of that era >
kind of a longish read but all the points are in there of time lines 80's / 90's >
https://www.brookings.edu/articles/a-surplus-if-we-can-keep-it-how-the-federal-budget-surplus-happened/
Reich bio >
https://en.wikipedia.org/wiki/Robert_Reich#:~:text=During%20his%20tenure%2C%20he%20implemented,increase%20the%20national%20minimum%20wage.
Yep > I recall the Reich days > sadly
If not for him doing that "interview" I would not have posted that vid.
More validity to the cesspool of DC
Confirmed > no words can explain this >
wasn't that fun >
"Gap Ratz" delight, AAPL in AH and RPTs in premarket > perfect mix
08:30 In uvxy 350 @ 30.35 >
Vol got destroyed > see what happens
Yep 2011 / 2012 >
good reads
04 / 2011
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=61854998&txt2find=beta%20team
12 / 2011
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=70103909&txt2find=beta%20team
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=70051705&txt2find=beta%20team
Yep > time has flown >
I'm still pissed at CS for pulling that one >
They had a good chance back then to build / offer a high level platform (for Traders)
I understand a good part of what they were trying to do as this is when everything was
moving toward "mobile" & "web" and they had to chase that All in One kinda stuff >
One big problem was the programming source Code and fighting the WIN 7 to 8.xx to 10 > not even to mention AAPL code for mobile & MAC >
Seemingly the Dev's were under the gun And the Decisions to do things was clearly Not in their court > a bunch of them quit
When they Finally rolled out a "mess" for the Beta players to tear apart and work with the Dev's things went south Real Fast >
The Beta's had their own Forum within Schwab to work with the Dev's and the "managers ( Idiots)" thought they were in control
of the Dev's and the Beta's within that Forum that were attempting to Fix a Shit Sandwich > That is when the BIG Shit Storm started
and the Beta's (like me) after seeing the release had a Post Title within the forum Labeled > WTF is this ? You can't be serious !
They pissed off a lot of talent that was willing to spend their Time & Effort to help build a good platform > Some of the Beta's were
even Dev's from other platforms (inactive or retired code types) > That is when I shifted my efforts over to Tos
And That is the Rest of the Story
J > you didn't miss much >
I was on the Beta Team for SSEdge and when they released it .
a bunch of us were pretty pissed > the devs didn't listen to what the users /traders wanted
that is when I moved to Tos, kept the CS account for "holding" funds >
Now I have Ninja loaded But not funded yet for a 2nd active platform
This is what Edge replaced (StreetSmartPro) it was clean and Fast >
J > you still in line for CS to Tos May 10 ? >
I did also get the email for CS platforms to drop dead on June 21 >
Will see how this plays out >
I did nothing >
been a real long time since I recall any same day FOMC retrace like this one >
Next day retraces Yes but this was strange
another day of Blown out TA's
????? Hmmmm > need to chew on this one >
staying clear for now > Long Live SGOV
Yep > see what happens >
at this point can't even come up with an educated guess >
Not getting ahead of Dog and Pony show @ 2:30
15:32 Out uvxy 200 @ 32.47 >
well that didn't quite go as planned > need to rethink entry and exiting time frames >
got hung on the overnight to open changes (AH to 08:30 moves) > no matter Onward
Also want Nothing to do with the after close earnings coming > the google one caught me out
dang > this one had some power >
A tornado hit Matietta, OK. Destroying the Family Dollar Distribution center. It also hit a Dollar store, hospital and flipped cars and semis on I-35. #Tornado #Damage #OKWX #Oklahoma #WXTwitter pic.twitter.com/7AF7bgBcQ0
— WxChasing- Brandon Clement (@bclemms) April 28, 2024
lots of moving pieces this week >
soon we get all this big crap out of the way earnings wise
Treasury Borrowing Estimate At 3pm Today
same
Emini Barry >
D > thanks > about all you can do
D > does SC have premaket and after hours or just 9:30 to 4 ??
NQ > Thanks > I was just about to ask you >
what I was forgetting that was our heavy subject matter earlier >
OK > here is some "good logic / bad logic stuff to ponder on >
kinda lengthy But good on what's going on and Levels etc.
Monday 3 PM and for that matter "the week ahead"
> https://www.tastylive.com/shows/futures-power-hour/episodes/critical-technical-tests-loom-04-26-2024
We talked about this > BUT that was some time ago And forget about the rate cuts >
One or NONE and maybe a hike for the year >
Banks ( Do stupid things / Win stupid prizes) >
U.S. Banks finished the year with almost $400 billion of unrealized losses on held-to-maturity assets.
The assumption is this wouldn't be a problem because the Fed would cut A LOT this year but what if that doesn't happen? >
>>> Add to this the fact that ((( last week))) - seasonally-adjusted for tax-season - US banks saw the largest deposit outflows since 9/11 (yes, that 9/11).
Have a good weekend > Later
16:07 In uvxy 200 @ 33.55 > ready for the morning
J > thanks > I'll just keep taking slices
I "almost" slept in > glad I didn't >
things are getting ugly now > support area line fighting
09:42:Out uvxy 50 @ 36.32 > back to "wait and see"
08:30:12 In uvxy 50 @ 34.28 > Let it ride > bad GDP reports > Jenga week
META shares are tumbling 13%, wiping out some $135BN in market cap..>
Only $135 billion > OK where is that money moving to ? > and this is only the start
Yep > block was pulled > tower is wobbling
Jenga week
D > are you relying on SC charts only?
11:54 > Out SVXY 50 @ 54.13
4/15
18:29 > In SVXY 50 @ 51.14 > small load >
see what happens this week >
Page 10
Market Punishing Negative EPS Surprises More Than Average
To date, the market is rewarding positive earnings surprises reported by S&P 500 companies less than average and
punishing negative earnings surprises more than average.
Companies that have reported positive earnings surprises for Q1 2024 have seen no change in price (0.0%) on average
two days before the earnings release through two days after the earnings release. This percentage is smaller than the 5-
year average price increase of +1.0% during this same window for companies reporting positive earnings surprises.
Companies that have reported negative earnings surprises for Q1 2024 have seen an average price decrease of -6.1%
two days before the earnings release through two days after the earnings. This percentage decrease is much larger than
the 5-year average price decrease of -2.3% during this same window for companies reporting negative earnings surprises.
https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_041924.pdf?hsCtaTracking=31d0f488-5c02-4193-b93b-f1708067f4fa%7Cb994622e-6b82-4c98-ad34-76c848088314
N > Thanks I read that a while ago >
This also comes / came into play > a lot of those levels hit >
posted this a few hours before 2.5 started >
=======================================
Low was 4963.25
Thursday, April 18, 2024 7:11:51 PM
NQ > looking for some possible clarity after this OpEx >
I have these CTA numbers marked >
And it's not just the Nasdaq: for the S&P emini, the next 5 sell triggers are as follows
5031.07 (MT -0.5%), 4980.29 (ST -1.5%), 4962.0- (ST -1.9%), 4950.21 (LT -2.1%) and 4937.63 (MT -2.3%)
"Jenga week" >
fully expect this session Futs gap to be closed
Emini Barry >
D > thanks > gets a bit confusing
have a good weekend gang > Later