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Top BB with a topping candle...for sure. But this will be the first close above the old range in a while. Will we come back into it tomorrow, maybe, who knows.
Thanks. See if market continues to shrug off the numbers.
Definitely puts a wrench in things. We'll see.
OT: grabbed MRNA 7/31 $75 puts. See if chart follows like other spikes.
In 7/31 $75 puts today...
Sure seems weak. My guess is dump. I'm cool either way, but would prefer pump. *SHRUG*
I'm down for that...
Thanks! Grabbed TZA calls again before we filled the gap, but IWM gapped above the TL, 20MA and 200MA. Wonder if this one is a gap and run or if it comes back in the coming days.
http://schrts.co/zRpbBdhF
/NQ 10579. Short????
Added more this morning.
Nice. It gapped over the 200MA so might be a tough one to fall. Good call, though. Definitely watching.
EDIT: In 8/21 TZA 20 calls.
Here's the new high. 3250 or higher?
I assume that's based on RH stats? Get all the retail in then pull the rug. I see this pulling back more before making a new high. As always, IMO.
Straight up killing it, Jerry! Your charts are ON POINT!
TSLA 7/17 1375. Was up nicely yesterday but couldn't sell because of round-trip restrictions (I'm a small fish with less than 25k in my account).
Also holding NIO 8/21 10 puts, but have some 8/21 14 calls to offset those.
OT: 70M MC and float seems non-existent. Confused.
Big buying into close. News leaked?
Techs still weak from a HUGE run. AMZN not even green this morning. Money is flowing out of tech and into banks (for now).
As someone pointed out last week, the rotation from tech to banks and others was no coincidence. They will take us to new highs I guess.
Thanks for your incredible insight, as always! GLTY!
The timing is no coincidence. Vaccine "news" meant to overshadow Trump's shitty presser.
Released at 5:00, same time as Trump's press conference about no China deal. Coincidence...nope!
Bot a 318 call today but it won't offset my puts I have. Oh well, better than nothing I guess. Over 320 now. Bonkers!
Pumping MRNA again and the markets.
It's actually relatively low volume compared to previous days. Either balancing here or ready to fall more.
Up up and away. Bear flag or just gonna spike higher?
http://schrts.co/nhIpfGCB
Not lookin' so hot. See if they zoom into close or we selloff.
1500 is holding, but this seems weak. Still WAAAAY up there near the top BB on the daily, even though shorter time frames look like up will start soon. See what happens.
Thanks, but you give me too much credit. I look at the chart and think how things could go up even though I don't "think they should". Election/FED pumping is holding us up indefinitely even though earnings are terrible compared to prices. Tech stocks are trading WAY above their pre-covid highs and yet we still go up. Just shaking my head.
Change the world = PE 350+ justified *thumbs up*
GLTY
SPX hit the top of the box again. Will we break through and hold this time or drop back again?
http://schrts.co/QwUCqKdI
And you think a $400 pop in two days and $850/40% in three weeks is normal? Nothing trades "normally" any more because everyone wants instant gratification. Earnings are terrible, but even though everything is priced for perfection, we still go up. This isn't "NORMAL".
LQD back at ATH LOL!
So you're thinking the market just shrugs off or accepts earnings and moves straight up from here? NDX chart looks ready to move back up to new highs LOL!
130 FED pump gave everything a nudge and now it's off to the races. Back to up up up.
Maybe 2:00 selloff or just keep ramping?
Maybe a bear flag?
1:30 rocket launch?
https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
Monthly Schedule of Overnight and Term Repurchase Agreement Operations
Current Period Summary Next Schedule Release
Tuesday, 7/14/2020 - Thursday, 8/13/2020 The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. Thursday, 8/13/2020
Overnight Operations Date(s) Time Minimum Bid Rate
Tuesday, 7/14/2020 - Thursday, 8/13/2020 1:30 - 1:45 p.m. IOER + 5 basis points
Term operation date maturity date term Time Minimum Bid Rate
Tuesday, 7/14/2020 Tuesday, 8/11/2020 28-days 8:15 - 8:30 a.m. IOER + 10 basis points
1:30 rocket launch?
https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
Monthly Schedule of Overnight and Term Repurchase Agreement Operations
Current Period Summary Next Schedule Release
Tuesday, 7/14/2020 - Thursday, 8/13/2020 The Desk plans to conduct overnight repo operations on each business day and a series of term repo operations. The aggregate operation limit of each operation is $500 billion and proposition limits are $20 billion per bid. Each operation will settle the same day as the operation date unless otherwise noted. Thursday, 8/13/2020
Overnight Operations Date(s) Time Minimum Bid Rate
Tuesday, 7/14/2020 - Thursday, 8/13/2020 1:30 - 1:45 p.m. IOER + 5 basis points
Term operation date maturity date term Time Minimum Bid Rate
Tuesday, 7/14/2020 Tuesday, 8/11/2020 28-days 8:15 - 8:30 a.m. IOER + 10 basis points
LQD ready to go back to new highs...
http://schrts.co/jQPwSTKj