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Another great Rothschild quote: Buy when the cannons are firing, and sell when the trumpets are blowing. — Nathan Meyer Rothschild

AMD $8B share repurchase. :oops:

You and me both.

Talking heads on Bloomberg confirming what I was talking about earlier. Many are now writing off the chance of a 50bp price hike by the Fed next month. If that is confirmed, we are back off to the races. (Russia escallation aside)

I am honestly surprised we haven't had more profit taking this close to the close. However, I think we are in FOMO mode where people are piling in thinking they missed the bottom. Basicaly the opposite of the buy low / sell high mantra.

As always, markets hate uncertainty. Russia threat or Fed the same. Will they / wont they? The uncertainty is the weakness. Now the market can process and move forward. Fed moving rates by 25bp next month would likely be considered dovish at this point and then that puts that uncertainty to rest...

TSLA SEC investigation.

As expected, harsh words and sanctions only. All comes down to Russia's reaction to the sanctions at this point, but this is basically a nothingburger speech.

Someone wake grandpa up and tell him to get on the TV already.

Was eyeing JPM earlier. Relative weakness to the rest of the market bounce.

Biden speech pushed back 1 hour. 1:30PM EST

Crossed below. Keeping an eye if it dips below the 200D over the coming month(s) is important. See: https://www.investopedia.com/terms/d/deathcross.asp

12:30 EST I honestly think it is a non-event. He will likely condemn and talk sanctions, but short of boots on the ground, nothing should be a surprise. There's about 0.01% chance any US or NATO country is going to involve any troops while this is contained within Ukraine.

QQQ on its 4th 5min attempt to break the low pivot of yesterday. (329.10)

SPY 50D has crossed over the 100D, for what it's worth.

1.35mil share block trade on PSTH at 19.80 Obligatory "someone knows something..."

Real of course! My paper trades I have always noted and they are usually outsized orders for funzies with 5 figure wins / losses.

Trade of the day so far:

For anyone playing along today with the normal retail brokers like TD Ameritrade, Fidelity, E*Trade, etc .. you're quite likely to see a lot of lag at the market open. Orders not filling or worse. We never suggest using market orders, but in today's heightened volatility especially, you should...

This kind of market doesn't typically follow technicals. We are in the stage of pure emotion / headline driven market moves. Any of your scenarios is possible. From a technical level, SPY 398-405 isn't out of the question. Or we wash a bit and find dip buyers. Keep in mind, there has been a lot...

If Putin decides to attack any NATO country, we have far bigger issues at hand. Short of Putin having dementia and completely insane, I can't see that happening as the act of attacking any NATO country immediately draws all NATO countries into war with Russia.

This. You don't have to find the exact bottom. Just scale into positions accordingly.

I think that a bit extreme. This whole Ukraine invasion has been telegraphed for weeks. If he also invaded, say Poland.. yea I think markets and the world would react differently. I am looking for a bullish bounce soon. Uncertainty / threat of an invasion that doesn't happen is far more...

TSLA under $700.

NCLH double miss. (Reported premarket today) Not the name to be in with such a weak market.

https://www.wsj.com/livecoverage/russia-ukraine-latest-news/card/russia-central-bank-bans-short-selling-as-stocks-plunge-SjQFvNNXoXUKE4lkESfe

EBAY down on lowered Q1 and FY22 guidance.

There's always tomorrow for cheaper.

3B sell now

1.4B now.

MOC currently only $500m sale side.

I will take TQQQ long when we (seemingly) inevitably hit the SPY 420.76 pivot of the January low.

Nord Stream 2 is an energy (gas) pipeline into Germany. The Germans already announced they were halting it yesterday. Biden's sanctions on it are fairly meaningless at this point.

Reloaded NVDA (what I had sold for profit from yesterday).

QQQ not far off of the January low of 334.15 I expect a reasonable chance of a bounce there.

Seriously, I think it's fairly dumb that people associate presidential politics to ppBarrel oil / gas prices. It makes for great mainstream media talking head sound bites and that is about it. Anyone who doesn't fully grasp that OPEC+ pretty much sets the prices is just delusional. Aside from...

10 points on my NVDA trade from yesterday.

Aftermarket SPY trying to move back to the Biden bump

@Blazin beat me to it.