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I posted a live view. I don't see a note. Maybe I need to close and reopen?

DXYZ  - getting interesting now

Posted by DigiNomad on 12th of Apr 2024 at 10:45 am

DXYZ  - getting interesting now that I'm only up 50% from what I have left of initial entry. Owning SpaceX is going to tempt a LOT of people and the valuation is not likely to make sense for a long long time.  SpaceX is also perfectly positioned under the Gov money spout - pole position in the economy. 

Matt, this view has been

Posted by DigiNomad on 12th of Apr 2024 at 10:25 am

Matt, this view has been very helpful. Thanks. 

SPX -  this could still

Posted by DigiNomad on 12th of Apr 2024 at 10:16 am

SPX -  this could still form a higher low from yesterday's move by bouncing again at the 78.6 (today's low).  Doesn't seem likely, but that is typically when reversals happen. 

FinX strangely quiet this morning. Maybe tuckered out from dunking on the bears so much yesterday afternoon?

Lots of X blame falling on USD. That's a forehead slapper for me every time - I earn, spend and save in USD, so I'm always massively long USD. I have this weird thing where I like seeing my longs go higher. 

Yep, I had to "unfollow" zero hedge for this reason...about the same time I stopped watching CNBC.  I find that being able to criticize data reports is critically important to this line of work...in other words, come up with your own ideas.  Political bias is just as unhelpful as analyst bias typically is (analysts are selling products). Neither one is the objective type of journalism that really helps you see landmines before hitting them.  I do think sometimes bears are more thoughtful than perma bulls - perma bulls are the cheerleader types of the stock market. It's fun and they look good doing it...but it doesn't take a lot of thought. 

Lol - I was just going to post something similar. X doing victory laps right now and dunking on bears like the Allies just pushed the Germans out of Paris or something. 

30 Year yield climbed .82% today to 4.66%.  It's extended but appears to be in breakout mode after clearing the 4.5% level.

Lots of voices pinning the rally tail on the 30 year bond auction donkey earlier today. Not sure that makes a ton of sense given how it closed.

Why Janet switched from 80/20 long to short duration borrowing to the complete opposite is looking more and more crazy by the day.  Borrowing trillions at the higher rate short end while the long end rises out of a crazy stupid low level it never made sense to be at in the first place. Good plan? 

10 Year closed solidly higher

Posted by DigiNomad on 11th of Apr 2024 at 04:12 pm

10 Year closed solidly higher on the day - looking good. HYG down fractionally. 

I don't see any news on today's Fed speak, but the ramp came around time I was expecting dovish commentary to offset the political damage yesterday...

These 2 try failure bear trap plays were golden there for a few months. Not working so well lately.  Recovering the broken level a month ago would have resulted in panic buying as traders rushed to cover shorts.  Less urgency now, but the trade is still a small winner, for now.  

Now the shorts are covering. Nice. Out 75% 

SPX 2m - lots of

Posted by DigiNomad on 11th of Apr 2024 at 12:32 pm

SPX 2m - lots of traders just went short on that break.  I'm watching for potential trap as it move back above the level where they all got in and start stopping out 

Bostic speech coming up. He

Posted by DigiNomad on 11th of Apr 2024 at 12:10 pm

Bostic speech coming up. He has an opportunity to give the Biden campaign a boost if he just flips slightly more dovish than he has been.  Seems like low hanging fruit..

NQ internals flipped positive. Not

Posted by DigiNomad on 11th of Apr 2024 at 12:04 pm

NQ internals flipped positive. Not so much for SPX yet. 

New Live Trading type YouTube channels popping up all the time now. I'm watching a different one today (TOPSTEP TV) and it's well done. 4 traders with a better visual outlay than TraderTV LIve (IMO). The Live trading competition on YouTube is heating up quickly!  No clue how they monetize.

*I like this channel because they seem to be only trading the major indexes. Less of an ADHD feel to it. 

Interesting. Google needs to figure

Posted by DigiNomad on 11th of Apr 2024 at 11:31 am

Interesting. Google needs to figure out how to better monetize YouTube on their end?

  • The creators of YouTube channel “Dude Perfect” (picture: absurd trick-shot challenges) just scored a $100M+ private-equity investment. Investors are increasingly pumping $$ into social-content creators.

SPX - market internals were actually very bad / confirming yesterday. They were so negative that a guy I follow was suggesting they are near washout levels in the short term. It's been a while since we had internals completely confirm like they did yesterday. 

SPX - interesting action. I

Posted by DigiNomad on 11th of Apr 2024 at 10:25 am

SPX - interesting action. I think the 10 year is moving higher for the wrong reasons and it's spooking the market further (we want it to move higher because of economic growth not supply concerns). 

IWM - moving stops just

Posted by DigiNomad on 11th of Apr 2024 at 09:43 am

IWM - moving stops just below LOD yesterday before the open instead of getting whacked right off the bat is working so far. But now I'm tempted to take my extra percent or so and run. 

Bonus - when the employment survey comes your way, you can report hiring but don't have to worry about the UI insurance part   

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