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Yes (the 5 in the middle is timeframe)

TGT (Target) getting crushed today. Walmart just continuing a nosedive from yesterday. These are huge moves for any name, but especially true for retail behemoths. Their numbers and guidance are the real look at consumer spending and the true warning of recesson. WMT today WMT over 2 days:

Department of Energy (DOE) was expecting +1.5M barrels of crude, but had a -3.4M barrels draw actual. Gasoline was expected drawdown of -1M but was an actual draw of -4.8M. In other words, DOE was expecting a positive crude balance, but actually drew down negative about 3x expected positive...

10:30 *(US) DOE CRUDE: -3.4M V +1.5ME; GASOLINE: -4.8M V -1ME Big petroleum numbers misses.

Further $TGT interview today: 07:01 [TGT] CEO: From freight standpoint things have changed substantially (worse) from just 13 weeks ago, much more than we anticipated - CNBC - Inventory issue has added additional complexity across the board, expect issue to moderate over course of year -...

JPow speaking

Despite this, HD red on the day.

That staple WMT stock getting a little beat up premarket. 06:59 [WMT] Reports Q1 $1.30 v $1.46e, Rev $141.6B v $138.3Be - Guides Q2 EPS flat to up slightly y/y, Rev over +5%, US SSS (ex fuel) +4-5% - Cuts FY23 (ex divestitures) adj EPS -1% y/y, Raises Rev +4% (cc) (prior adj EPS +5-6% y/y...

14:50 [AAPL] Investor Michael Burry of 'The Big Short' has revealed a bet against Apple - CNBC Paywalled: https://www.cnbc.com/2022/05/16/michael-burry-of-the-big-short-reveals-a-bet-against-apple.html

14:17 [TWTR] Elon Musk: There is no way to know the number of bots on Twitter; Lowest estimate of Twitter bots would be 20% - tech conf comments

TWTR price back to pre-buyout announcement levels.

TSLA 100D is ~947 / 200D is ~912

TSLA under 700

Added on top of that most people's fad diet / excercise regimes and any equipment typically becomes a clothes rack sitting in the corner of a room after X months. I called a few times in Jan last year about vaccines rolling out, summer around the corner.. no one in their right mind is going to...

Bitcoin near $28k.

Cathie strikes again Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why. Ark Invest purchased 63,039 shares of COIN stock 4d ago

Cross posing from the Investing thread: https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/

Oh, by the way.. Bitcoin under 30k

Read the same today. Basically Coinbase coming right out and saying you dont actually own your coins. Fucking hell.. that should trigger an absolute run of users taking their coins offline. https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/

Fun days https://techcrunch.com/2022/05/10/tiger-global-hit-by-17b-hedge-fund-losses-has-nearly-depleted-its-latest-vc-fund/?guccounter=1

CPI hot (again). 08:30 *(US) APR CPI M/M: 0.3% V 0.2%E; Y/Y: 8.3% V 8.1%E (annual pace moves off four decade highs) - CPI (ex-food/energy) M/M: 0.6% v 0.4%e; Y/Y: 6.2% v 6.0%e - CPI Index NSA: 289.10 v 288.715e - CPI Core Index SA: 290.455 v 289.822e

All working as intended. What can possibly go wrong? https://www.bloomberg.com/news/articles/2022-05-10/credit-cards-jump-mortgages-ease-in-latest-ny-fed-debt-report?srnd=premium&sref=9HT8lz40

"under control" .. the new "transitory"

- FOLLOW UP: Mester: The process will not be smooth, road ahead will be bumpy; Unemployment may have to rise as part of rate raising process - press interview - We may get another quarter of negative growth (implying a recession) - Want to see evidence that inflation is slowing - Do not expect...

Mester in a Bloomberg interview today also said: "Fed hasnt ruled out 75bp hikes forever"

Aaaaaand... we're red on the day on all indexes. SPY approaching yesterday's low. I can smell the capitulation phase brewing.

CPI is definitely 8:30am tomorrow.

On top of that: 09:38 (US) Fed's Mester (FOMC voter, hawk): We need to move rates up at a pace to get inflation moving - Comfortable moving 50 basis points at next couple meetings but will remain data dependent - Need to see compelling evidence that inflation is moving lower, have NOT seen that...

Further NCLH: - Affirms FY22 Capex $1.6B, FY23 Capex $2.5B, FY24 Capex $1.4B (prior: FY22 Capex $1.6B, FY23 Capex $2.5B, FY24 Capex $1.4B) - Adj EBITDA -$476.2M v -$373.4M y/y - Cash burn $375M v $390Me - Booking trends: The quarter began with net bookings, particularly for close-in voyages...

Double miss NCLH. 07:00 [NCLH] Reports Q1 -$2.35 v -$1.73e, Rev $521.9M v $655Me

Every pop has been sold recently. Let’s see how it goes. That said, we are pretty extended down here and due for an attempted bounce to at least the 20D. No guarantees anything sticks, but just some bigger picture awareness.

@Shonuff .. you alive out there bud? NCLH slaughter

You may be onto something there...

I have been talking about this for months. Forget the all or nothing mentality and look to scale into positions in this weak market. You'd have to be insanely lucky to bottom tick the market, so just find the strongest support levels and divide your buy-ins ONLY at those levels. FWIW, Currently...

Day Trader Army Loses All the Money It Made in Meme-Stock Era Day Trader Army Loses All the Money It Made in Meme-Stock Era

-0.9% YTD here

We have attempted a bounce here at the 411.21 pivot (May 2nd low). Bullish argument if this holds is we have a higher low on the daily. I've got no real outlook on near-term market direction though.

Nasdaq might want to try a breaker halt today at this rate.

AMD finally getting the attention the earnings deserved. +9% Probably everyone wanting the Fed news out of the way.