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.
Here’s SPY’s favorite springboard .80 area....
Lol... let’s see if I have the touch today ;)
I’ll find it
I took some Fri $283p @ .40
Whoooo!!! Nice!!
True or not, the article says that Tesla was trying to get cash rebates on past supply orders. Who goes back on a price that was likely stated in a contract? A company that’s strapped for cash, and there’s no doubt that Tesla is strapped for cash. I can see re-negotiating prices for supplies going forward, but retro? That’s probably not going to happen....
Yes, a re-negotiation for future pricing, not past pricing...
Whoa! You better go google “quiet period” and educate yourself....
Negotiating is done beforehand, not after the fact.
Beige Book
Released On 7/18/2018 2:00:00 PM For Jun, 2018
Highlights:
After being upgraded in the May edition, the Beige Book's economic assessment has slipped back to modest-to-moderate. And tariffs are the reason with manufacturers in all of the Federal Reserve's 12 districts voicing concerns over tariffs with "many" districts reporting higher prices and "many" reporting related supply disruptions. Tariffs are contributing to price increases for metals and lumber with pass through to customers described as moderate to slight.
A lack of available labor, across all 12 districts, is an increasing concern and one that is constraining business expansion. Wage increases, like the general assessment, are described as modest to moderate. Lack of truck drivers was cited in six districts.
Positives are led by consumer spending which is said to "up" in all districts especially Dallas and Richmond. Inflation, despite the tariff-related pressure, is in the modest-to-moderate camp as is employment. Housing is described as soft and commercial real estate unchanged.
The modest-to-moderate overall score applies to 10 districts with Dallas, which is getting a boost from energy, upgraded from solid growth to "strong growth" and with St. Louis unchanged at "slight" growth. The last edition of this report, released in late May, marked the first upgrade in the assessment in more than a year, underscoring what now appear to be emerging tariff-related effects for the economy.
Cut-off date was July 9 for today's report which was compiled by the Boston Fed for the July 31 & August 1 FOMC.
WH Press Briefing up “soon”.... This should be a good one... “Would”, “wouldn’t”.... same difference ;)
2:00 PM (EST) Today: Beige Book
Definition:
This book is produced roughly two weeks before the monetary policy meetings of the Federal Open Market Committee. On each occasion, a different Fed district bank compiles anecdotal evidence on economic conditions from each of the 12 Federal Reserve districts.
Why Investors Care:
This report on economic conditions is used at FOMC meetings, where the Fed sets interest rate policy. These meetings occur roughly every six weeks and are the single most influential event for the markets. Market participants speculate for weeks in advance about the possibility of an interest rate change that could be announced upon the end of these meetings. If the outcome is different from expectations, the impact on the markets can be dramatic and far-reaching.
If the Beige Book portrays an overheating economy or inflationary pressures, the Fed may be more inclined to raise interest rates in order to moderate the economic pace. Conversely, if the Beige Book portrays economic difficulties or recessionary conditions, the Fed may see the need to lower interest rates in order to stimulate activity. Since the past recession, traders worry about the impact of the Beige Book on the timing of tapering quantitative easing.
Since the Beige Book is released two weeks before each FOMC meeting, investors can see for themselves at least one of the many indicators which Fed officials will use to determine interest rate policy, and can position their portfolios accordingly.
Just out a little bit ago... Kudlow could be blowing smoke, but the market will probably eat it up...
Trump advisor Kudlow says economic growth could top 4% for 'a quarter or two'
https://www.cnbc.com/2018/07/18/trump-advisor-kudlow-says-economic-growth-could-top-4percent-for-a-quarter-.html
She could go either way... I’m on the sidelines atm.... stalking....
Snap SPY!!
Dip n rip?
Ha!! No way! I’m not touching this beast!!
Whoa! I didn’t think the Russell knew what red was!
I despise those midnight repair calls...
Ha!! I hate being a landlord! I had part ownership in a 4 family a couple years ago... ditched that baby... All I have now is a 2 family townhouse. I used to live in one side. It wasn’t so bad when I lived there and just rented out the other side.... Now I have 2 tenants, and I hate it. It’s always something with a rental property... I think I’m gonna try to get some work done on it during the fall & winter and out it up for sale in the spring.
I’ll keep an eye on her! I wanna say “how high can she go”... but SPY defies gravity, haha!
Yeah, I’m wannachange it up a bit and stop playing same day exp when I pick up in the fall... RH will force me to stick to the plan!
I may step back for a bit and let this lil piggy get bloated back up =)
What trade war??? Q2 earnings won’t see the impact of all of these new tariff’s, but outlook for the remainder of the year should.... I guess we have to wait & see what the big boys say about the rest of the year when they report!!
Looks like I’ll be starting the $1M plan over..... My past few trades were losers and my tenant didn’t pay this month’s rent so I stole just about all of the profits that were left to cover the mtg on the rental property. Just when I was starting to have some fun!!
I’ll try again in the fall when I can sit down and focus and I gotta stop trying to trade in the car, lol.... In the meantime I’m gonna get a RobinHood account set up so commissions stop eating my $$ and replenish the balance when I get my tenants rent.
Think I’m gonna put the rental property up for sale. Being a landlord sucks ass.
Answer my puts will expire worthless because I didn’t take my scalp. There it is folks! Gotta take it when you got it!
She’s getting jumpy.... If I get a second chance on that scalp, I’m taking it!
I expected the same, which is why I didn’t take my scalp. SMH!
And maybe dumb.... I didn’t take my scalp when I had it.... I’ll give her a few mins...
Nice... they’re already at .17!! Just in time!!
I took some Mon $277.50p @ .11. Looking for a scalp...
These are doing nothing but decaying
I have a bad feeling she’s gonna run into close...
I’m in the car going up north.... No sudden spikes SPY...
Tick tock....
That would be funny.....
Mine aren’t worth the energy it takes to sell them, lol
Took some Fri $275p at .19. Let’s see what she does.
Yep.....
Put scalp at EOD?? Maybe...
Interesting.... Maybe you found a secret code we should be watching for??