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Tesla just getting annihilated. Looking for a starter down here with a ~136.5'ish support coming.

This is why the negative move down: - Raises Median forecast for end-2023 rate 5.125% (prior 4.625%) - Raises Median forecast for end-2024 rate 4.125% (prior 3.875%) - Raises Median forecast for end-2025 rate 3.125% (prior 2.875%) - Source TradeTheNews.com

Of note: Tesla not participating in this market bounce. Back to pre CPI announce price *edit* Now red on the day. Man Elon is fucking the football on this one.

@Aldarion While he doesn't exactly say "pause", it was his first talk of letting the foot off the gas and acknowledging that there is a lag in the effect of the hikes they have already done. Markets are taking that as we are far closer to terminal rates vs where we have been all year long...

Too many people trading (emotional) expectations vs what the price action is right in front of them.

You do realize that Powell's last speech was quite dovish and he quite literally said the words "could pause as soon as next month [December]". People aren't making things up, they are taking his words verbatim.

Many decades? "Many decades" ago we didn't really even have internet. Look how far we've come. Never underestimate the pace of progess, which isn't linear by any means.

Step it up you 800s scrubs. (UK credit scores are scaled differently. I am 820 in the US)

The ratio is absolutely true re credit scoring. However, you still only need 1 card to handle that. I think the limit on my Chase card is $50k. I remember buying my (used) Land Rover with my card some years back simply to collect the points. After the transaction posted to the card, I just paid...

Never understood why people use half a dozen or more cards. I simply have a Chase Sapphire Reserve (we travel a lot) and basically use it for every last transaction you can think of. I’ve got some random Signature Platinum card as a backup in case there’s ever a problem with the Chase card...

Next week Fed Powell tells you: “hold my beer”, then we get Titan in contention.

PPI report coming at 8:30 this morning. First in a wave of data that could set up some major volatility. Next week comes CPI and Fed rate hike as well.

part 2

Why not, honestly, just split your risk? Dump half into Bitcoin and the other half into some actual stock market ETFs?

META (Facebook) being hit pretty hard today on the back of the news that the EU ruling they cant target ads based on user data without user consent. That is really going to hit the bottom line. The way data protection laws have been moving, on top of Apple trying to wall off user data from 3rd...

More technical answer to that: SPY came right back into the year's descening macro trend line (from the year's peaks) and rejected it for the second time this week.

Market (SPY) reclaiming the 200D here so far. If this holds, that is pretty darn bullish, despite what the labor report says. Also remember, there are seasonal effects going into Nov / Dec for Christmas hiring. I have no bets on either direction here today. I wouldn't be surprised to see end...

Holy mother of god... $11B buy side MOC. Never seen one that high!

Summary: 13:30 (US) Fed Chair Powell: We have a long way to go in restoring price stability; Time for moderating hikes could come as soon as Dec meeting - Reiterates likely need to hold policy in restrictive territory for some time; history cautions strongly against prematurely loosening...

I said the same thing last month. Pretty much the entirety of the gains in workforce numbers were service sector. Everything else was negative.

Markets also don't move in straight lines. Consolidating here is healthy for the bull case. The fact is hasn't just dumped down on skittishness is a change in market dynamics vs the rest of the year. The reason for this is fundamental change. All year, the market kept getting blindsided by...

Market is always forward looking. It isn't unaware of the risks and have largely been priced in. To get anywhere near the lows again, we are going to need another swan event, inflation reversal back to highs, or complete and utter destruction of earnings in Q4'22-1H'23. I definitely believe we...

Story confirmed: Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX

Just like land

I honestly dont give any thought to "analysts". But yes, I see what you mean. Likely some technical indicators just showing below all MAs and "bearish" of some degree.

Visited my mother in Florida last summer and she was perplexed why her lawn had spotty brown dying patches. She had bought a new mower and set the height to Gillette setting figuring she would mow less frequently. After a few discussions, bordering on arguments, I convinced her to grow it out a...

https://www.tradingview.com/gopro/?share_your_love=JRossClan ^^ As long as you use this link, should work. ^^ **Edit corrected link in my original post.

I use the top tier Premium. Primarily because it offers seconds based intervals (for scalping / daytrades) as well as more data per chart. Pro, Pro+: You would likely want Pro+ to have more than 2 charts per window, as well as saving multiple layouts. The cost difference between these two tiers...

I know I have touted this charting software multiple times previously, but I thought i would mention TradingView has a 60% off Black Friday deal (plus a month extra free). By far and away the best charting software out there aside from professional platforms like eSignal (eSig also about 8-10x...

TLDR version: Supply chain “diversification” = less from TSMC Taiwan, replaced with TSMC Arizona. (Still TSMC)

To get basically zero delay as it hits the wire, you pay dearly for it. Fly on the wall is ok (sometimes takes minute or three) and a reasonable price. Top end (instant and expensive) that I am using is Trade the News. https://www.tradethenews.com/

FTX bankruptcy pulling the wind out of the market sails. 09:15 [FTX.IPO] Commences Chapter 11 bankruptcy proceedings in the United States; CEO Sam Bankman-Fried resigns - press - Source TradeTheNews.com - Names John J Ray III as new CEO - Some FTX subsidiaries not included in Chapter 11...

09:15 [FTX.IPO] Commences Chapter 11 bankruptcy proceedings in the United States; CEO Sam Bankman-Fried resigns - press - Source TradeTheNews.com - Names John J Ray III as new CEO - Some FTX subsidiaries not included in Chapter 11 proceedings: LedgerX LLC, FTX Digital Markets Ltd., FTX...

Literally need ~4 trade days like this per year to make my whole annual goals. Sheesh. What a ripper day.

@Sanrith Descartes 2B buy side MOC

TQQQ trade up 21% today. Closed my AMZN as it stalled earlier for 200%. :cool: