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TWTR just spiked and halted. TSLA dumping. 12:05 [TWTR] CEO Musk reportedly proposes in letter to Twitter to proceed with deal at $54.20 - press

Key word there being “briefly”. If that is the measure, then pretty much every car that has the windows rolled up is “briefly” a boat!

The more frequent we keep testing these lower levels, the more likely the break. Could also easily just flash lower and get bought back up (overshoot). This scenario to break and reclaim would be a decent buy signal for me. disclaimer: I’m typing this on a beach in Croatia, so detached from the...

Fwiw, I have a script on eSignal to overlay the daily 20ema and 50, 100, 200 sma’s on any timeframe chart. This way I can trade off my 5min, 1min, or 24sec timeframe charts depending on what setups I’m trading and they’re always in clear view. I’m sure there’s equivalents out there for ToS etc...

Wife and I never envisioned buying a house here in the UK, but it seems foolish not to when the currency discount is about 40-60% off historic averages. (I’m American / Brit wife). We’re seriously considering moving some cash over for a future purchase. Move cash over now, then BOE has to hike...

This wont help: 08:39 $AAPL - Foxconn removes iPhone 14 production lines as sales fall short of expectations -Asian Tech Press (sm)

Bond yields coming in a bit here. If this continues, markets can reverse. (Something to keep on radar) Also, Crude coming to the lowest levels since pre-invasion. (Clearly recession pricing happening, but a huge relief off of some inflationary measures)

Being a Friday? It is possible. A lot is going to depend on how we open and price action. That said, we have come a long way quickly. (That rubber band to the 20D I am always going on about)

The fuck? You do realize Trump nominated Jerome “money printer / inflation is only transitory” Powell, right? Fed is currently trying to unfuck their own policy fuck ups from the Covid response / late to the QT cycle. Fed is an independent body. Blaming anyone other than Powell himself and...

I assume you are talking about an EMA, not an SMA?

Nice find. I am in.

Tesla falling through all support today (20D and 200D). Weaker relative to an already weak market.

Powell speech notes: 14:30 (US) Fed Chair Powell: We are strongly committed to bringing inflation to 2% goal; Ongoing hikes will be appropriate - post rate decision statement - Surveys of inflation expectations have improved but that's no grounds for complacency on inflation - Fed is aware...

Fuckin Cramer does it again.

I think June lows by end of week is a huge ask. That is another ~20 points down on SPY. I think 370-373 is more realistic. (The last turn in July before we went higher) Also with you in that making bold bets here is perilous. There will be some digestion of Fed overnight.

That "noise" is a hell of a lot of volume.

Powell just flat out said we need a housing correction. Big red candles immediately after.

They ripped back up when he mentioned they will pause at some point, while acknowledging some inflation metrics are lagging indicators.

Median 2023 projection slightly above 4.6% now is what has the negative price pressures here. Everyone was expecting the 75bp move.

"This could be a Fed decision day with good news, says Jim Cramer" Ummm.. we're fucked.

Again, whatever you think of the US economic situation, everywhere else is worse off and this is why there is such dollar strength at the moment. 05:07 (JP) Japan 10-year JGB bond agains fails to trade (2nd straight day) **Note: 1st time since 1999 that 10-year bond has not traded for two...

Fidu.. fiduci.. fiduciary.. what's that!?

Literally posted on this same page yesterday.

Whatever you think of inflation here, Germany is in far worse shape! https://www.reuters.com/markets/europe/german-producer-prices-post-record-jump-august-2022-09-20/ PPI August readings up 7.9% month over month and 45.8% year over year! There's your direct spotlight on their energy crisis...

I still think current street pricing is something like 80% chance of 75bp and only 20% on 100bp. I'm sure market would dump if they came out with the latter, however, with all the "lagging indicators" talk on some of these inflation metrics, I fully expect JPow to play it cool with 75bp.

My point was the overall run up of crypto and the demand (and subsequent fall) of GPUs was lockstep in the rise and fall of that crypto market. Etherium moving to Proof of Stake is just further reduced mining demand on an already flooded market of gfx cards.

It was all over the tech channels over the weekend that EVGA has cut ties with NVIDIA and will no longer be making any graphics cards using their tech anymore. Pretty big deal in the PC gaming world. They had something like a 30 year close relationship and EVGA has one of the best returns...

https://www.bloomberg.com/news/articles/2022-09-19/home-flipper-opendoor-hit-with-losses-in-echo-of-zillow-collapse?srnd=premium&sref=9HT8lz40 "Company lost money on 42% of its August resales after it failed to anticipate slide in housing demand. "

Lee is to bulls what Gartman is to bears. Probably some truth somewhere in between.

Quad witching day. (Let as many options expire as worthless as possible?)

To get you started: - Guides Q2 $2.75 or greater v $5.62e, Rev $23.5-24B v $24.8B - Cuts FY23 capex $6.3B v 6.8B prior - Affirms to repurchase $1.5B of FedEx common stock in fiscal 2023 - FedEx Express results were particularly impacted by macroeconomic weakness in Asia and service challenges...

FedEx posting preliminary earnings and a big miss. 16:30 [FDX] Cuts Q1 $3.44 v $5.06e, Rev $23.2B v $23.7Be amid 'global volume softness that accelerated in the final weeks of the quarter' -FedEx Express results were particularly impacted by macroeconomic weakness in Asia and service...

Apparently Kanye West is live on CNBC giving market opinions. *This has to be the top, right??*

That T chart is ugly. That yield is tempting, but my question would be... wtf is going on that it is bleeding so hard? Technically speaking, your buy is at some support, but why is this so abysmally weak in the first place? *edit* Quick browse shows T being the highest debt to market cap ratio...

We are flirting with a really precarious level of the SPY 390 here. I don't think the bulls would give this level up too easily. But if we do, I wouldn't be surprised to see some accellerated selling and opens the possibility of re-testing lows in the coming weeks. That said, I have orders out...

Buying straight up stock or options puts zero money in any company's pockets. (With the exception of the actual IPO) If I am buying stock or an option, I am simply buying it from another shareholder like myself. Be it a retail trader, pro, hedge fund, etc. For every buyer is a seller.

10% outflows, so .. not as many as before. https://www.bloomberg.com/news/articles/2022-09-01/cathie-wood-s-arkk-sees-biggest-monthly-outflow-in-nearly-a-year?sref=9HT8lz40

Looks like we're about to crash and burn: https://www.bloomberg.com/news/articles/2022-09-14/cathie-wood-goes-on-biggest-dip-buying-binge-since-february?srnd=premium&sref=9HT8lz40

QQQ down 5% on the day.