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Bitcoin sub $18k Liquidations coming.

Well, Bitcoin just shit the bed again (18.4k) after the bounce on the Binance / FTX news. Took equities down with it.

Crypto volume spike

No, not calling you out specifically. Just pointing out that I have had DRIP for SPY shares without any issue at all. In case you missed the edit:

Latest DRIP shares from SPY. And the Broker statement:

@Sanrith Descartes Can you elaborate on: "The only reason to choose IVV over SPY is SPY wasnt designed to accomodate dividend reinvestment." I ask because I have SPY in my self-managed 401k and I get DRIP shares quarterly (Fidelity broker).

GOOGL has held up relatively well today vs other tech.

I went from a 10XS Max (basically a 10 Pro Max in today's terms) to a 14 Pro Max and there is a very noticeable difference to me. Screen refresh rate while scrolling is smooth as butter. The battery seems to last quite a bit longer with my avg daily use. The camera in dark environments is...

Maybe, maybe not? Apple themselves have talked about scaling back iPhone 14 production due to low demand for weeks now.

Of note, TSLA and AAPL getting sold pretty hard today. TSLA leading relative weakness to any other tech.

NFP (NonFarms Payrolls) huge blowout number tanked us intially, but a very small uptick in unemployment 3.7% vs 3.6% expected has reversed the move.

Yea PYPL - Guides Q4 adj EPS $ v $1.18e, Rev $7.38B v $7.74Be - Cuts FY22 TPV growth +10% (FXN basis), Rev $27.5B v $27.8Be; Raises Adj EPS $4.07-4.09 v $3.93e (prior: TPV growth 16%, Rev $27.9B; Adj EPS $3.87-3.97)

Fwiw

That was, by far, the most confusing flip flopping Q&A I have ever seen out of Powell. First it was inflation progress, then none. Then talking a pause in next meeting or two, then flat out saying (twice) "not a time to be thinking or talking pauses". Then talking about avoid a recession window...

Interesting to note, VIX is still dropping in all of this press conference mess.

https://www.bloomberg.com/news/articles/2022-11-02/opendoor-lays-off-18-of-workers-in-wave-of-housing-cutbacks?srnd=premium&sref=9HT8lz40 Ooops!

In a recession, "historically low" PE always looks great until the Earnings revisions lower start to hit.

JPow: "VERY premature to be thinking or talking about pausing." Theres the bomb.

JPow: "Rates need to be higher vs previously expected." Theres the index drop.

14:00 *(US) FOMC RAISES TARGET RANGE BY 75BPS TO 3.75-4.00%; AS EXPECTED; NEED ONGOING HIKES UNTIL RATES ARE SUFFICIENTLY RESTRICTIVE; PREPARED TO ADJUST POLICY AS APPROPRIATE; WILL TAKE CUMULATIVE TIGHTENING AND POLICY LAGS INTO ACCOUNT - IOER raised by 75bps to 3.90% - Decision was unanimous...

The move is due to comments about: "WILL TAKE CUMULATIVE TIGHTENING AND POLICY LAGS INTO ACCOUNT" Taking lags into account is likely being digested as "pause" due

Big reminder. Fed rates today at 2pm. Press conference at 2:30pm with Powell. Markets all but guaranteed a 75bp move, which shouldn't come as a shock at 2pm. All eyes and ears will be on Powell's statement and Q&A at 2:30pm for clues on the December hike. *My take: Any clues about "only 50bp"...

Yes.

I think the point Mist is making is those leveraged ETFs like TQQQ and SQQQ inherently have decay built into them. When we are in a market with a few days / weeks momentum, they can be quite profitable. But longer and you’re eating price decay. You can see this yourself when comparing, say, a...

JOLTs data just came in higher vs expected. This pulled us down quite a bit, as its a key metric the Fed is tracking. (More hiring vs expected means companies still actively hiring which drives inflation. aka: Fed can't really back off just yet) 10:00 *(US) SEPT JOLTS JOB OPENINGS: 10.717M V...

October PMI print showing expansion vs contraction. 09:45 *(US) OCT FINAL S&P/MARKIT MANUFACTURING PMI: 50.4 V 49.9E (avoids contraction but lowest since June 2020)

It's all about the Fed. Here is the JPM playbook for the week: 50 basis point hike, with a dovish press conference: “It is difficult to conceive of a scenario where this outcome occurs given inflation levels and a tight labor market,” the team wrote. “Should this outcome occur, the immediate...

Huge gap down on yields. (Great for market strength) Thanks Cramer!

Well gentlemen, this is a buy signal if I've ever seen one!

The macro shitshow is never going to end at this point: China Foreign Min Wang Yi: Any attempt to block China and Russia 'moving forward' will never succeed; China is willing to deepen relationship with Russia on all levels

$TLT does look attractive down here.

I know you're joking @Sanrith Descartes However, for anyone else wondering wtf we are moving up: Yields falling. That is why we are seeing a bid in markets.

Yields falling off quite a bit today. USD also losing some strength. Gives this rally some legs.

Damn good read: https://www.bloomberg.com/features/2022-the-crypto-story/?srnd=premium&sref=9HT8lz40

Yields pulling down from highs, VIX back below 30. Check your bias. This article being cited for the catalyst for the move up today: https://www.wsj.com/articles/fed-set-to-raise-rates-by-0-75-point-and-debate-size-of-future-hikes-11666356757?page=1 10:30 (US) Market Trading Hours Summary...

More of a hyper simplified explanation.

My trade style. I am only entering with multiple support zones below. eg: buying on a big pivot support, but there is also a 100DMA right below. I never go full size on any trade. So I may put 1/3 on the first spot, leaving 2/3 for the support below it. Initial reaction to the pivot and first...

Still relatively flat on the year in long term accounts. -0.3% in one account and -0.16% in another. (Active swing trading through this bear market) A separate (small) Roth IRA I landed some nice options plays this year and up nearly 20% in it. Green on daytrade account, albeit significantly...

TSLA reporting after hours.