The chart for rates would reflect rates heading toward 5% as
well after this pullback per Katie Stockton who did a piece on it
the other day. We will know when we know and happy to take
advantage if it goes there. Fine no matter where it goes either
way. On the other side there are some who think investing in a bit
more duration makes sense here, like going up from 4 or 8
week bills to 17 week to secure higher rates for example. Not a
long horizon, though makes the point. That is why I just
ladder, don't have to guess and I get to participate either way in
a substantial way.
My style is to take some long near the lows premarket, nothing
scale/size wise until I see what is going on when the cash market
opens. Unless things are really extended then I will consider
otherwise. As I noted, I'm hedged as I bought inventory for that
when prices were very good on the run to 4,020s the other
day.
Possible supports are either that 3,930s area or the 9 day. Will
see if the 8:30 numbers make any difference or not direction wise.
This market basically moves overnight now some days, imagine it
still may be tough with opex. It can get harder for indexes
during these weeks. Knowing all that, there is still price action
so I don't get too caught up with projections, though aware of
possibilities.
Yesterday was a good day to focus on the short trade for semis
and had a great day there. I didn't stay though as the NVDA report
was coming out and the market was still in a range for a potential
bullish continuation. I'm big on limiting my risk around events and
reports like that.
Sometimes I'll limp in just to track where things are like this
morning. Once I have the right risk/reward, I'll increase
positioning. I'd be interested to hear more on your strategy as
well. Looks like you do a lot of daytrades from the posts on
NQ.
SPX opening a new gap currently at 3,958.79, yesterday's close.
Opportunity to buy off support here for a trade (which I'm doing)
to fill the gap as a first target. Another gap above as well at
3,991 from the previous day.
First gap below at 3,748. I still have some hedge on from buying
a few days back at $19.38 SPXS, trading this morning near $21 so I
sold some and kept some there.
STAMFORD, Conn., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Grayscale
Investments®, the world’s largest digital currency asset manager,
today reaffirmed that the safety...
I'm sure you saw this today, Buffet's new semiconductor stake:
https://fortune.com/2022/11/15/tsmc-shares-soar-warren-buffett-rarely-invests-tech-stocks-buys-5-billion-stake/
SPXS $19.65 to $20.65 on my short from this morning, gap has
filled at 3,957 as I was looking for. 92% of gaps fill, one of my
core trading/investing tools. I still have some in my other account
in case this has some reversion to mean legs.
He did last week, correct. He also commented that he believed we
would retest the lows at some point, though didn't provide a
timeframe, which is understandable.
I had bull horn hats for you and Steve to celebrate that great
rally we all participated in through August, though I never heard
back on where to send them
I own a small amount of GDLC (Large Cap Crypto Fund) down here
for tracking purposes/possible future investment consideration. A
position I established with profits from other trades (paid for
position). It owns mostly Bitcoin and Ethereum, though has a few
others, also a big discount to NAV:
https://grayscale.com/products/grayscale-digital-large-cap-fund/
Should hear some preliminary arguments soon on Greyscale's court
case with the SEC. If the space survives, then the outcome could be
a possible mark to market on the funds, making them etfs. Very
speculative of course, though my kinda risk/reward for these
situations. Even if that doesn't happen, just wait for the assets
to come back in season and get marked up. I normally wouldn't
bother, though having a large cap closed ended fund at this type of
discount is appealing. Fits my style and tolerances long term.
Kinda fun too to play but not be concerned about
outcomes.
The community is delayed by three days for non registered users.
The chart for rates would
St. Louis Fed President Jim Bullard: “The policy rate is ...
Posted by fundamentalvalues on 17th of Nov 2022 at 08:53 am
The chart for rates would reflect rates heading toward 5% as well after this pullback per Katie Stockton who did a piece on it the other day. We will know when we know and happy to take advantage if it goes there. Fine no matter where it goes either way. On the other side there are some who think investing in a bit more duration makes sense here, like going up from 4 or 8 week bills to 17 week to secure higher rates for example. Not a long horizon, though makes the point. That is why I just ladder, don't have to guess and I get to participate either way in a substantial way.
that makes sense, thanks for
SPX opening a new gap currently at 3,958.79, yesterday's close. ...
Posted by fundamentalvalues on 17th of Nov 2022 at 08:13 am
that makes sense, thanks for sharing
My style is to take
SPX opening a new gap currently at 3,958.79, yesterday's close. ...
Posted by fundamentalvalues on 17th of Nov 2022 at 08:05 am
My style is to take some long near the lows premarket, nothing scale/size wise until I see what is going on when the cash market opens. Unless things are really extended then I will consider otherwise. As I noted, I'm hedged as I bought inventory for that when prices were very good on the run to 4,020s the other day.
Possible supports are either that 3,930s area or the 9 day. Will see if the 8:30 numbers make any difference or not direction wise. This market basically moves overnight now some days, imagine it still may be tough with opex. It can get harder for indexes during these weeks. Knowing all that, there is still price action so I don't get too caught up with projections, though aware of possibilities.
Yesterday was a good day to focus on the short trade for semis and had a great day there. I didn't stay though as the NVDA report was coming out and the market was still in a range for a potential bullish continuation. I'm big on limiting my risk around events and reports like that.
Sometimes I'll limp in just to track where things are like this morning. Once I have the right risk/reward, I'll increase positioning. I'd be interested to hear more on your strategy as well. Looks like you do a lot of daytrades from the posts on NQ.
SPX opening a new gap
Posted by fundamentalvalues on 17th of Nov 2022 at 07:12 am
SPX opening a new gap currently at 3,958.79, yesterday's close. Opportunity to buy off support here for a trade (which I'm doing) to fill the gap as a first target. Another gap above as well at 3,991 from the previous day.
First gap below at 3,748. I still have some hedge on from buying a few days back at $19.38 SPXS, trading this morning near $21 so I sold some and kept some there.
Crypto news.. Grayscale reaffirms assets: https://finance.yahoo.com/news/grayscale-investments-reaffirms-safety-security-184500778.html STAMFORD, Conn.,
Posted by fundamentalvalues on 16th of Nov 2022 at 04:38 pm
Crypto news..
Grayscale reaffirms assets:
https://finance.yahoo.com/news/grayscale-investments-reaffirms-safety-security-184500778.html
STAMFORD, Conn., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager, today reaffirmed that the safety...
finance.yahoo.com
Grayscale Investments® Reaffirms Safety and Security of Holdings Underlying Grayscale’s Digital Asset Products
STAMFORD, Conn., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager, today reaffirmed that the safety and security of the holdings underlying Grayscale’s digital asset products are unaffected by recent market events and continue to operate business as usual.* Genesis Global Capital, LLC – a subsidiary of Genesis Global Trading, Inc., Grayscale's affiliate – today announced that it is temporarily suspending redemptions and new loan origina
Took my whole SOXS trade
SMH one to look at for a short on a ...
Posted by fundamentalvalues on 16th of Nov 2022 at 03:55 pm
Took my whole SOXS trade off in $36s. Heck of a day, no clue what happens on earnings. One of my rules is to not play earnings or economic reports.
XLP gap filled up in
Posted by fundamentalvalues on 16th of Nov 2022 at 11:09 am
XLP gap filled up in the $74.20s
SPX new gap at 3,991.73
Posted by fundamentalvalues on 16th of Nov 2022 at 09:30 am
SPX new gap at 3,991.73 (yesterday's close).
Steve, heck of a job
Posted by fundamentalvalues on 16th of Nov 2022 at 08:54 am
Steve, heck of a job on the charting and specific areas/instruments you are looking at. Much appreciated. Really helps me define my plan.
SMH one to look at
Posted by fundamentalvalues on 16th of Nov 2022 at 08:37 am
SMH one to look at for a short on a trigger, found resistance at the 200 day yesterday and overbought territory: https://schrts.co/VMsFQsQr
The 200 day was my personal trigger for it, to each is own on these things
Just listening to the newsletter, hearing Steve is on it too, good to know I'm in good company
schrts.co
SMH | SharpCharts | StockCharts.com
Create advanced interactive price charts for SMH, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
Josh Brown, the market is
Posted by fundamentalvalues on 15th of Nov 2022 at 02:21 pm
Josh Brown, the market is now trying to look forward to 2023:
https://www.cnbc.com/video/2022/11/15/the-market-is-now-trying-to-look-forward-to-2023-says-ritholtz-ceo-josh-brown.html
cnbc.com
The market is now trying to look forward to 2023, says Ritholtz CEO Josh Brown
CNBC's Halftime Report Investment Committee discusses the broader stock market's performance, if it's time to anticipate the Federal Reserve slowing the pace of rate hikes, and more.
I'm sure you saw this
ADM finally ready to launch or more drift down?
Posted by fundamentalvalues on 15th of Nov 2022 at 01:54 pm
I'm sure you saw this today, Buffet's new semiconductor stake: https://fortune.com/2022/11/15/tsmc-shares-soar-warren-buffett-rarely-invests-tech-stocks-buys-5-billion-stake/
fortune.com
TSMC shares soar after Warren Buffett buys a $5 billion stake | Fortune
It's a sign the legendary investor thinks the world’s leading chipmaker has bottomed out after a selloff of more than $250 billion.
SPXS $19.65 to $20.65 on
Posted by fundamentalvalues on 15th of Nov 2022 at 01:39 pm
SPXS $19.65 to $20.65 on my short from this morning, gap has filled at 3,957 as I was looking for. 92% of gaps fill, one of my core trading/investing tools. I still have some in my other account in case this has some reversion to mean legs.
EV
Tesla, Mercedes EVs ranked worst in annual reliability survey by ...
Posted by fundamentalvalues on 15th of Nov 2022 at 12:45 pm
https://www.reuters.com/business/autos-transportation/tesla-mercedes-evs-ranked-worst-annual-reliability-survey-by-consumer-reports-2022-11-15/
I believe it said Lexus
reuters.com
Tesla, Mercedes EVs ranked worst in annual reliability survey by Consumer Reports | Reuters
Electric vehicles (EVs) and full-size pick-up trucks from Tesla Inc , Mercedes-Benz and other brands were among the least reliable vehicles in the United States, Consumer Reports magazine's annual reliability survey showed on Tuesday.
Tesla, Mercedes EVs ranked worst
Posted by fundamentalvalues on 15th of Nov 2022 at 12:41 pm
Tesla, Mercedes EVs ranked worst in annual reliability survey by Consumer Reports-Reuters
BlackRock isn’t sold on a
Posted by fundamentalvalues on 15th of Nov 2022 at 12:13 pm
BlackRock isn’t sold on a soft landing even after a lighter CPI print:
https://seekingalpha.com/news/3908048-blackrock-isnt-sold-on-a-soft-landing-even-with-a-soft-cpi-print
seekingalpha.com
BlackRock isn’t sold on a soft landing even after a lighter CPI print | Seeking Alpha
While some investors believe that markets are now headed for a soft landing, BlackRock, the world’s largest asset manager isn’t one of them.
He did last week, correct.
I believe Art Cashin had suggested the 15th of Nov ...
Posted by fundamentalvalues on 15th of Nov 2022 at 10:53 am
He did last week, correct. He also commented that he believed we would retest the lows at some point, though didn't provide a timeframe, which is understandable.
I had bull horn hats
new t-shirt for da bulls
Posted by fundamentalvalues on 15th of Nov 2022 at 10:49 am
I had bull horn hats for you and Steve to celebrate that great rally we all participated in through August, though I never heard back on where to send them
ARKK https://seekingalpha.com/news/3907938-cathie-wood-purchases-shares-of-the-tumbling-grayscale-bitcoin-trust GBTC closed at $8.95
Posted by fundamentalvalues on 15th of Nov 2022 at 10:19 am
ARKK https://seekingalpha.com/news/3907938-cathie-wood-purchases-shares-of-the-tumbling-grayscale-bitcoin-trust
GBTC closed at $8.95 yesterday, nav is $14.87 per share: https://grayscale.com/products/grayscale-bitcoin-trust/
I own a small amount of GDLC (Large Cap Crypto Fund) down here for tracking purposes/possible future investment consideration. A position I established with profits from other trades (paid for position). It owns mostly Bitcoin and Ethereum, though has a few others, also a big discount to NAV: https://grayscale.com/products/grayscale-digital-large-cap-fund/
Should hear some preliminary arguments soon on Greyscale's court case with the SEC. If the space survives, then the outcome could be a possible mark to market on the funds, making them etfs. Very speculative of course, though my kinda risk/reward for these situations. Even if that doesn't happen, just wait for the assets to come back in season and get marked up. I normally wouldn't bother, though having a large cap closed ended fund at this type of discount is appealing. Fits my style and tolerances long term. Kinda fun too to play but not be concerned about outcomes.
seekingalpha.com
Cathie Wood purchases shares of the tumbling Grayscale Bitcoin Trust | Seeking Alpha
Cathie Wood, a longtime crypto optimist maintained her bullish stance on Bitcoin (BTC-USD) as she grabbed more than 300K shares of the tumbling Grayscale Bitcoin Trust on Monday.
Even the 5 day is
ES is far above it's 20 day MA - one ...
Posted by fundamentalvalues on 15th of Nov 2022 at 09:09 am
Even the 5 day is a little below 3,900 now. https://schrts.co/gHfwSjti
Just updated now showing as 3,934
schrts.co
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