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MOC 7B to the sale side.

That book wasn't on my list. I may check it out if you liked it. In order of impact for me, personally: Trade Mindfully by Gary Dayton Trading in the Zone by Mark Douglas The Art and Science of Technical Analysis by Adam Grimes Antifragile by Nassim Taleb The Candlestick Course by Steve Nison...

ABBV 07:43 [ABBV] Reports Q1 $3.16 v $3.15e, Rev $13.5B v $13.5Be -cutting EPS outlook - Cuts FY22 $13.92-14.12 v $14.13e (prior $14.00-14.20)* includes an unfavorable impact of $0.08 per share related to acquired IPR&D and milestones expense incurred during the first quarter 2022. The...

China names up today on the back of: 03:43 (CN) China said to end regulatory scrutiny over Big Tech and give sector bigger role in boosting slowing economy - SCMP - A joint regulatory meeting is set to take place on Saturday, Apr 30th to put all regulators on the same page regarding Beijing’s...

After hours AAPL came down because of: -Apple executives warned it could sustain a hit of up to $8B in the current quarter from headwinds including supply chain shortages and factory shutdowns in China, underscoring how the challenges posed by the pandemic are far from over for the world’s most...

16:30 [AAPL] Reports Q2 $1.52 v $1.43e, Rev $97.3B v $94.5Be; Authorizes $90B increase to its share buyback program; Raises Quarterly dividend 4.5% to $0.23 from $0.22 - Gross margin % v 42.5% y/y (calculated) - iPhone Rev $50.6B v $47.9B y/y v $49.2Be - iPad Rev $7.7B v $7.8B y/y - Services...

AAPL saves the day.

@Sanrith Descartes its like you dont even read my posts.. lol

The INTC move is due to lowered guidance. - Guides Q2 $0.70 v $0.85e, Adj Rev $18.0B v $18.4Be

AMZN huge miss 16:01 [AMZN] Reports Q1 -$7.56** v +$8.73e, Rev $116.4B v $117.0Be - Source TradeTheNews.com **First quarter 2022 net loss includes a pre-tax valuation loss of $7.6 billion included in non-operating expense from our common stock investment in Rivian Automotive, Inc.

The transaction hasnt completed yet. There is an agreement, but no closure yet. Can Musk use stuff like this to walk from the deal?

Not quite stock related, but moves the markets. Readng through the headlines, I found this kind of hilarious (in a dark way):

TDOC -40% (Trading $35 per share) Cathie will have to explain this one to her shareholders. 7% weight of her fund. Her cost average is ~$163.

FB saves the day. 16:05 [FB] Reports Q1 $2.72 v $2.54e, Rev $27.9B v $28.2Be - Guides Q2 Rev $28.0-30.0B v $30.5Be - Affirms FY22 Capex $29-34B (prior: $29-34B) - Cuts FY22 Opex $87-92B (prior: $90-95B) - Assumes FX to be ~3% headwind to y/y growth in Q2 - Daily active users (DAUs) 1.96B...

3B MOC sale

The thing with active trading (day / swings) is that it IS a fulltime job. You're constantly refining a strategy, constantly chart reading, digging through fundamentals. Then your're tackling trading psychology and reading books on that. You're still going to take gut punches that set you back...

SPY / QQQ sold that opening bounce hard. Yikes.

Re Archegos: portfolio from $1.5 billion to $35 billion in a single year. What a hustle.

Just nvm.. i am all kinds of confused.

GOOG and MSFT both misses. Waiting guides

By far, the biggest macro threat currently isnt the big bad Fed meeting next week, it is the risk of companies writing off Q1 Russia / Ukraine exposure and guiding lower for the year. Some companies will have little, if any exposure. Some have already said from 3-9% revenues depending on the...

And re my thought process.. the slow bleeds across the indexes are hard to buy into. It is far easier buying into quick volatile emotional selling into very specific support levels. The VIX is starting to get moving. I'd ideally like a big volume panic sell event to really dig in. You want the...

We are basically at lows of yesterday. Nothing really to report that is any different for buys. The fact we completely reversed yesterday's bounce attempt in a single day is pretty damn bearish though. I feel we either double bottom bounce today, or we are headed straight to Feb 24 lows of 410...

fill of TSLA at the 200D $901

Well, see everyone at the bottom!

Because there is still the risk of Musk pulling out? The board simply agreed to the sale. It has NOT closed ("expected to close in 2022") Regulation can step in too? *shrug* There is a non 0 sum risk involved still. Markets are discounting that.

Dont tell Trump. 14:53 [DWAC] Fox News says Pres Trump will not return to Twitter regardless of whether Musk buys the company ; Trump to begin using his own TRUTH Social

TSLA been selling since the news. Likely the implication Musk's collateral are some TSLA shares. "fully committed debt and margin loan financing"

14:50 [TWTR] Confirms Tesla CEO Elon Musk to acquire Twitter for $54.20/shr in cash; Deal expected to close in 2022 - The transaction, which has been unanimously approved by the Twitter Board of Directors, is expected to close in 2022, subject to the approval of Twitter stockholders, the...

$TWTR halted, news pending. Shit or get off the pot time.

Also re valuation. Musk has already said his interest in TWTR isn't about making money, rather than the angle of free speech. "Not making money" isn't the pitch for shareholders. https://www.theverge.com/2022/4/14/23025343/elon-musk-twitter-takeover-ted-talk-quote-stock-buyout

SPY daily chart looks like a dumpster fire here.

Interesting Dallas Fed Manfacturing info. (Added my own highlight of note) 10:31 *(US) APR DALLAS FED MANUFACTURING ACTIVITY INDEX: 1.1 V 4.8E Components - Production: 10.8 v 13.2 prior - Capacity Utilization: 14.3 v 15.1 prior - New orders: 12.1 v 10.5 prior - New order growth rate: 13.0 v...

Cathie’s next big bet. Cathie Wood Says Fed Won’t Hike as Much as Market Priced In Cathie Wood Says Fed Won’t Hike as Much as Market Priced In (1)

6B MOC to the sale side.

15:11 (US) Fed's Mester (FOMC voter, hawk): Own view is we don't need to go to a 75bps hike at this time; Everything is always on the table; Would support 50bps hike at May meeting and a few more after - CNBC interview - Would favor doing 50bps hike earlier on in rate hike path - I'd like to...

Fairly bad news when all of these support levels are being bled through for two days straight. Hold onto your butts for power hour going into a weekend.

Basically just positioning for adding lower. 400 shares on SPY 428/429 (got half fill right now), then leaving another 800 shares for low 400s if we get there. QQQ 320s has a very long term macro line. It will be interesting to keep on watch. Honestly, just get signed up for Starlink, then...

@Blazin Thoughts on the market here? 428 should be significant on the SPY, but this slow drifting bleed has me concerned. A slow deliberate controlled sell is typically quite bearish vs a quick sharp accellerated panic sell into support levels. I want to add some size again, but looking for a...

Fibs on QQQ (eyerolls hard). SPY is in the driver's seat. 435.5 pivot is pretty important today. As below, there is virtually no support until back down to the 428/429 area.