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I am still feeling confident.

If you don’t have your own trade rules, definable trade plays, and strict trade management / risk management rules that you abide by, you shouldn’t be active investing / day trading whatsoever. You’re merely timing the market at best and gambling at worst. Throw it in an index and make better...

Someone is going to get a visit from the SEC.

Jobless numbers well below expectations plus US Philadelphia Fed Business Outlook Sep: -13.5 (est -1.0; prev 12.0)

TLT dumping a bit in the after hours. Maybe China and Japan aren't done selling US treasuries. Happy to scoop them up at rock bottom discount prices!

Key info from the release was this: - Raises Median forecast for end-2024 rate 5.125% (prior 4.375%)

I basically use a Chase Sapphire card for quite literally anything I am paying for and apply points for cash back. We do carry 1 airline card, which is a British Airways American Express card. We exclusively use BA flying to / from the UK and US. The main benefit we have had from this card has...

Just took a look at my Fidelity cash yield FDRXX. It's now paying 4.97% which is pretty damn respectable. When my 3mo tbill matures first week of Oct on a big chunk of cash, I am happy to let it ride as cash in Fidelity and simply waiting for opportunities...

Apple has had 3 consecutive quarters of declining revenues, yet look at that chart. We are in bizarro world investing still.

VIX is a broken metric, which is based on 30D+ options activity. The absolute surge in 0DTE activity has made it useless. Until some real fear sets in and some players start hedging longer dated options, VIX is going to be muted. There are some great writeups on this by Bloomberg, Goldmans, etc.

QQQ dropped below the 50D SMA / 20D EMA and a pivot on top of one another. They reclaimed for now, which is bullish. If they drop again, I will trim some positions. Im not spooked quite yet.. finger on trigger though.

Interesting strength with Disney near the close. Had a news hit about selling off ABC network. Caught a small bid, but later in they day another release stated they are lowering guidance on their streaming subs and projected to miss 2024 earlier estimates by “tens of millions” of subscribers...

I’m too lazy. Lol. The thread has a reasonable pace. It’s just certain days and catalysts can end up pushing discussion over multiple pages. That’s not the norm, however.

Along with SPY, TLT, and IWM, I still have about 15% weight in JEPI for this choppy consolidating mess. At least it’s pulling a monthly dividend.

Its dipped a bit. Currently showing $58 now on my quote window.

Is it any surprise Energy is surging in the CPI prints? Just wait until PPI data. Roughly +40% higher from the April lows. Then you have Saudi & Russia that just pledged to keep cuts through the end of the year. Talk is the chance of $100/bbl oil prices again.

Apparently the story has legs. 03:34 AAPL Contests French regulator review after France has ordered the sales of Apple iPhone 12 halted over radiation - press - Source TradeTheNews.com

Oh yes of course... AI to the rescue .. one supercomputer that's going to make half a trillion in market value.

I can only assume the UAW situation has prompted this Tesla upgrade from Morgan Stanley. If those labor costs are passed on through higher prices, you're going to send customers elsewhere. 09/10 19:47 TSLA Morgan Stanley Raised TSLA to Overweight from Equal-Weight, price target $400 from $250

Jesus fucking Christ. The hourly numbers here are accurate? (US) Wells Fargo analysts estimate that if all UAW demands passed, the average hourly labor costs for Big Three US automakers would more than double from ~$66/h to ~$136/h

TD Ameritrade's "Think or Swim" (often referred to as ToS) trading platform has what they call paper trading, which is sim trading. Only downside is that you can only place trades during market hours, nothing extended.

https://pr.tsmc.com/english/news/3061 TSMC posts monthly financial updates to their website. August year on year revenue is down by 13.5%. The January-August 2023 revenues are down by 5.2% vs the same time in 2022. Where the fuck is all of this NVDA AI money coming from? (TSMC makes all of...

So basically... nothing will happen. Welcome to the new normal?

IWM showing the relative weakness today. Trading back at the 100/200MAs again. I added back what I sold in the 190s.

Yea, down another 3% overnight due to China expanding the bans.

ISM data today was basically bad news for the Fed on every metric driving the continued inflation narrative. On the back of it, yields spiked, US Dollar popped, and algos hit equities. 10:00 *(US) AUG ISM SERVICES INDEX: 54.5 V 52.5E; Prices Paid +2.5% to 58.9 - Business Activity Index: 57.3 v...

@Daidraco Reading list: "Atomic Habits" by James Clear "Trade Mindfully" by Gary Dayton "Trading in the Zone" by Mark Douglas "Best Loser Wins" by Tom Hougaard "The Art and Science of Technical Analysis" by Adam Grimes "Antifragile" by Nassim Taleb "The Candlestick Course" by Steve Nison...

You're going to need to read a lot. More importantly, spend a lot of time learning (and inevitably losing money). It's not some get rich scheme and is well documented that most lose money. Some studies show that 9 of 10 fail. Personally, what I have seen around trading communities is that people...

@Haus I agree with this. Current live yields on those treasuries:

Catalyst today was the JOLTS data (job openings) coming in well below expectations. (Good news for the Fed). This plunged the US Dollar and yields, pushing the big move up in equities.

All crypto names moving very strong on news an appeals court overruled the SEC on the Greyscale cypto ETF. Most crypto related names popped upwards of 15-20%. 10:26 GBTC US federal appeals court rules SEC was wrong to reject Grayscale application for spot bitcoin ETF

Only bit of interesting info I've found today. Buried in the Fed manufacturing data is a big surprise rise in materials cost. (Inflationary)

Which is back over 5% today

10:02 *(US) FED CHAIR POWELL: PREPARED TO RAISE RATES FURTHER IF APPROPRIATE; REAL RATES ARE POSITIVE AND WILL PROCEED CAREFULLY; WILL REMAIN RESTRICTIVE UNTIL INFLATION SUSTAINABLY SLOWING - JACKSON HOLE REMARKS - Policy is restrictive but can't be sure what neutral rate is - Need sustained...

NVDA Reports Q2 $2.70 v $2.09e, Rev $13.5B v $11.2Be - Board approves additional $25B share buyback program (2.1% of market cap) - Guides Q3 Rev $15.7-16.3B v $12.3Be

More interesting data being floated around. Student loan payments resuming soon isn't going to help these stats.

Got relatives in town, wasnt at the desk all day. WTF happened?

@Mist Absolutely JEPI is a better performer vs holding S&P500 in a declining stock market, but it lags massively in a positive one. (JEPI +12.2% Oct22-Jul23 (plus divs) vs SPY ~32% (plus divs:emoji_nose: over the same period. We were discussing in relation to corp / gov bonds, so I was merely pointing...