Search results

Sold most around 30+%. Letting a small portion run if we want to get further extended on the indexes.

$USO had a major reversal move on that news, then denial.

09:03 [V] Reports Feb payment volume +11% y/y, global processed transactions +12% y/y On March 3, 2023, Visa announced volume and transaction data for January and February 2023

Crude oil on a big dip. 08:57 (AE) Reportedly Saudi Arabia and UAE clashed over oil and Yeman as tensions increase - press - UAE said to be internally debating whether to leave OPEC

Very interesting read that possibly explains the muted VIX action of the last year. https://www.bloomberg.com/news/articles/2023-03-03/clueless-wall-street-is-racing-to-size-up-zero-day-options-boom?sref=9HT8lz40 Less debatable is that the proliferation of 0DTE options is complicating matters...

Ok, this is just perfect! Fed Speech Scrapped After Participant Shows Porn in Zoom Room Fed Speech Scrapped After Participant Shows Porn in Zoom Room

Good observation. US10Y still at highs and hasn't reacted to the equities bounce. Who's gonna flinch first?

Dem GOOGL calls:

Well damn Bostic, you made my week.

13:35 (US) Fed's Bostic (non-voter): Fed could be in position to pause by mid-to-late summer - Favors rating rates 25bps in March but is watching data - Fed may have to do more given high inflation, strong jobs market; Will not decide until meeting on proper policy path - Notes that higher...

Added some 400shrs of SPY today 392.50 With a healthy pullback of the last weeks, the 100D, 200D, and market high descending macro trend line all basically within a few points of each other. It is worth it with some support levels so close in range. Also bought some May $100 GOOGL calls.

I've long respected this man's opinion on all matters of the Fed. Worth a read and a follow. https://www.bloomberg.com/opinion/articles/2023-03-02/federal-reserve-falls-behind-the-inflation-curve-again-what-now?srnd=premium&sref=9HT8lz40

*(US) Q4 FINAL NONFARM PRODUCTIVITY: 1.7% V 2.5%E; UNIT LABOR COSTS: 3.2% V 1.6%E Expensive labor and low productivity = No bueno!

Can we simply not shit up the investing thread? @Lightning Lord Rule

SI Short Float / Ratio 76.28% So tempting to do the degenerate WSB play of buying some lotto calls off intraday lows, should they miraculously present their delayed 10K to show they are somehow still solvent. The squeeze could be magical. *NOT AT ALL advice!*

$SI "oopsie" https://www.bloomberg.com/news/articles/2023-03-02/silvergate-s-worsening-crypto-losses-feed-watchdogs-worst-fears?srnd=premium&sref=9HT8lz40 For months, US authorities have been racing to sever ties between banks and risky crypto ventures, worried the financial system could...

I had my JPM average down around $115, but didn't hold nearly as long as I should have. Got about 15 points out of it. In similar news, GS investors aren't too pleased after their "investor day" yesterday.

Dont know if I should tendie or paper hand you

Intraday Summary: Markets have continued to price in more policy tightening, while deepening yield curve inversions suggest heightened risk of a policy mistake. Strong China PMI data overnight was followed by hotter than expected Germany CPI figures. This morning’s US ISM manufacturing data...

10Y Treasuries tipping just over 4% again here.

Also this morning, German CPI print hotter v expected m/m and y/y. *(DE) GERMANY FEB PRELIMINARY CPI M/M: 0.8% V 0.5%E; Y/Y: 8.7% V 8.5%E

NCLH down 12% on earnings. Rip Shonuff

UPST absolutely got annihilited last year. Where's your average? We are talking a huge range of $400/share at end of 2021 highs to $18 today. Depending where your average is it, it could be insurmountable losses. That 95% loss from high to current price is going to take a >2000% gain to recoup...

The META AI news was last week. Also in the release, they said they have no plans for adding it to any user products and is for research use only. Share price spiked on initial news and once it was digested, sold back off.

https://www.bloomberg.com/news/articles/2023-02-24/fed-may-need-to-hike-to-6-5-to-cool-prices-new-study-says?cmpid=BBD022423_CUS&utm_medium=email&utm_source=newsletter&utm_term=230224&utm_campaign=closeamericas&sref=9HT8lz40

PCE data hot, plus previous revisions higher. SPY and QQQ 200D MAs in sight for today. Likely going to be a big fight if we get there, otherwise I expect some chop if we float in no mans land above it. Bets on a 50bp Fed move increased.

Heck of a bounce from that support I mentioned. Scalped some nice SPXL off it.

SPY into the macro ascending support from the October lows, as well as the 50D. Failing that, you have the 200D below. Pretty bearish if we give all those supports up. So far it has reacted to the TL and 50D and reclaimed. Could just roll back over today though. Just my observations.

16:50 [NVDA] Reports Q4 $0.88 v $0.81e, Rev $6.05B v $6.01Be; Highlights new AI services offering - Guides Q1 Rev $6.50B +/- 2% v $6.47Be (implies $6.37-6.63B) -Datacenter +11% y/y -Gaming Rev -46% y/y

14:00 *(US) FEB FOMC MINUTES: ALL PARTICIPANTS AGREED MORE RATE HIKES NEEDED TO ACHIEVE JOB AND INFLATION OBJECTIVES; A FEW CALLED FOR A 50 BPS HIKE - A quarter point rise would allow officials to balance risks as they assess future rate path - Tight labor market, China reopening, war in Ukraine...

Today's macro lesson. Likely posted before, but well worth a refresh in today's environment.

What a shitshow. $70/shr in 2019. ~$25 now plus divvy cuts. Not sure how much of a chunk of their revenue was from being the sole provider of cpus for Apple macbooks, but Intel has been on a very steady decline since Apple cut ties and started producing their own (FAR superior) silicon in the...

Boomer cuts. 07:30 [INTC] Cuts Quarterly dividend 65.8% to $0.125 from $0.36

Tesla shitting the bed hard. Absolutely in overbought territory on the back of a >100% move in the last weeks, so was due for a pullback.

Fed Bullard scaring the market here. 15:06 (US) Fed’s Bullard (Non-Voter): Would not rule anything out for next Fed meeting including supporting a 50 bps hike; Favors peak rate of 5.375% and wants to reach it the soonest - I advocated for 50 bps hike at last meeting - Skeptical labor market...

About $4.5 USD sandwich only. Having just visited family in FL, I am convinced fast food is far more inflated in the US. The two outings were a Big Mac meal for like $11 and a Taco Bell visit that cost me $12. Insanity.

Exactly this. Particularly NCLH as well in the $28 range iirc.

No one knows for certain. Dude was claiming to go all-in on reopening travel stock plays when myself and others were warning of his bias. Dude ghosted shortly after his positions dropped 50+%.

Also in the UK: UK inflation rate dips for third straight month to hit 10.1% STILL over 10 fucking percent! All the while, Bank of England talking about pausing rates!

I rareIy talk about my strategies here for a reason. For probably 95%+ members that actively post in this thread, I would only ever endorse index investing or at best, swing trades at extreme price action. Day trading is a full time job and takes years of pain and losses. Most simply blow up...