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META crushed it. META Reports Q1 $2.20 v $1.96e, Rev $28.7B v $27.5Be - Guides Q2 Rev $29.5-32.0B v $29.2Be

Tesla becoming a race to the bottom for price. They are trying to go for market share at the low end of market and basically given up the "luxury" segment. Q1 model S and X sales were half of production numbers, so sitting on an oversupply. Price cuts on the M3 / MY to gain market share is all...

Moments after I posted the FRC thing above, this hit headlines: FRC David Faber: Sources continue to suggest White House and Treasury are unwilling to step up pressure on banks to purchase assets to repair balance sheet - CNBC (aka no bailout thus far)

Google sold off their entire earnings pump with their conference call being quite pessimistic. MSFT holding the premarket up here. I think this will be a gap up and fade day, but overall still in an active uptrend. Until that is broken (up or down), its just time to sit and be patient. FRC...

Some crazy shit is here in the UK, its the same credit companies: Experian, Equifax, Trans Union. They don't talk either side of the pond, so while had perfect credit in the US, moved here with my Brit wife and had zero credit history. About 4 years later, no mortgage, no auto loans, and two...

Utilization %? How much of your open credit are you using at any given point? I have one credit card with something stupid like a $50k limit and if I let it sit at just $5k balance, I get pinged a few points negatively for credit utilization. If all of your balances sit at 0 like mine...

Day Traders Lose $358,000 Per Day Gambling on Zero-Day Options New study tallies retail’s misfortune during the trading boom Researchers warn about growing risk should 0DTE broaden out (Per Bloomberg)

Tesla to $2k/shr in a few years! Get onboard the Cathie train gents! In other Tesla news, they raised Model S and X prices overnight. Kinda odd, as they just reduced prices. Also to note, their earnings showed their Model S and X production outpaced demand by nearly double. So, raising the...

+18% and ITM already. Wasn't expecting resolution this quick, but hey... *edit 20%

In crazy news, T trading at 1993 price.

My $20C VIX June expiry on fire too.

With some luck, I may have top ticked this today.

Just waiting for Elon to get on the conference call and pump for the reversal move.

Tesla down a fair bit. Free cash flow down by -80% Model S and X not selling. (No wonder with consumers feeling the pinch)

And yet my June calls are still green, despite lower VIX today. But yea.. some serious complacency

Tesla has cut model 3 and model Y prices late yesterday. Strange thing to do right before earnings. This makes it the 6th price cut of the year! https://www.bloomberg.com/news/articles/2023-04-19/tesla-drops-model-3-model-y-prices-on-eve-of-quarterly-earnings?srnd=premium&sref=9HT8lz40

Hoping this pays off soon. VIX was trading 52w lows and SPY at the top of the channel, so worth the punt.

Plunge protection team on it already. It has nearly fully recovered. Only -1.5% now

Sales miss on Netflix. -8%

So NVDA got hit by a double upgrade from HSBC, hence the strength today. Funny thing is, if you dig below the surface, you realize the analyst behind the upgrade has a 14% success rate and -16% avg return on his calls. But hey, fuck it ... AI AI AI mania has set in!

A little morning chuckle:

I also like Mav's take on things, however he does lean a bit too far bearish. Not sure the pay wall is worth it.

Yep, JPM up nicely. Lots of cash inflows during the banking turmoil. Could've swore someone mentioned that here. (No one was taking the cash from the small regional banks and putting it under their mattresses. It had to go somewhere.)

Fuck my life, 5% per day? Surely that's just a joke meme.

This is possibly the dumbest post I’ve seen in a while in this thread. If you think pro traders are out there alt-tabbing, you’re impossibly ignorant. I’ve got 4x 27” monitors and I’ve been itching for another two. I’ve an entire monitor dedicated to macro charts (SPY, TICK, QQQ, US02Y/10Y...

Posted last Fri

So, Fed / FDIC want to keep stating "banking crisis over, move along" .. then you have stocks like SCHW that are still very broken. It's either the discount of the decade, or someone knows something we don't.

Trimmed some SPY 388 buys here at 409. Took a small few contracts of QQQ 318P next week expiry here at close. Just looking for a pullback scalp. Fun money.

Banking crisis over, right? Morgan Stanley downgrades Schwab (SCHW) yesterday and mentions its vulnerable to bank runs, forced to sell securities at a loss. Chart looks like a red waterfall the last 2 days.

SIVBQ is also up 400% from yesterday's lows. Heh *edit* Christ, its ripped another 30% in the ~40min since posting.

And now its a penny stock in the 50c range.

SIVB shares converted to SIVBQ on the OTC market this morning. Those SIVB shares were trading at $39.5 when the news halt hit, now showing in the <$2 range this morning. Ouch. That's called headline risk while trying to scalp trade a bank that is swirling the bankruptcy drain. All in an instant...

10:58 [BINANCE] (US) Sued by CFTC over regulatory violations, CEO Changpeng Zhao named as defendant *edit* 7 Count indictment includes charges of: - Dealing with off-exchange commodity futures, - offering, entering into, confirming the execution of, or transacting in off-exchange...

Today's "max pain" $SPY price for options? You guessed it, right here at 395.

For historical reference, the big market drops of 2000 / 2008 (and likely before it) came AFTER the rate cuts from the Fed. Less than a year into the dot-com bubble bursting, on Jan. 3, 2001, the Fed began an easing cycle that would see the federal funds rate move from 6.5% to 1.75% in about...

That 385 SPY level would be massively contested, as it’s basically the line in the sand for the bull case. Even IF we got there, it won’t go without a fight or some new macro news drama. *edit* kid is alright. Sliced his hand open, and since he’s 3, they have to sedate to suture and then the...