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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:

Nasdaq just hit +7% on the day. MOC is fairly subdued at 200M buy side (for now). Bears getting the life squeezed out of them.

Mutual funds? What is this, 1990's?

*I jest, however, sentiment has shifted prior to this CPI report. This is the first real progress shown and already we have multiple Fed members today talking about pauses and lowering hikes. Futures have pulled back on the 5% end target already today as well. Just set some stops and re-evaluate...

And to reinforce this, my bigger (long term account) wins are scaling into weakness at specific levels. You MUST put money to work at some point. (Notice in my scaling that even I didn't time "the bottom" of 348 for any adds. I was eyeing 340ish for a 250 share add) The day / swing trader...

Those AMZN calls *edit >200%

10:44 (US) Market Trading Hours Summary: October CPI offers significant hope for investors Summary US stock markets surged, led by the tech-heavy NASDAQ, and bond yields plunged after Oct CPI data offered signs of real relief for the Fed. Stock volumes spiked >40% above the recent 3-month...

10:32 FTX Reportedly made an approach to Kraken as a possible bailout partner -Axios

Opened +83% on those AMZN calls. *edit: now over 100%

Numbers: 08:30 *(US) OCT CPI M/M: 0.4% V 0.6%E; Y/Y: 7.7% V 7.9%E (annual pace below lower-end of all analysts' expectations and records its 4th straight decline) - CPI (ex-food/energy) M/M: 0.3% v 0.5%e; Y/Y: 6.3% v 6.5%e - CPI Index NSA: 298.012 v 298.488e - CPI Core (seasonally adj)...

CPI under expectations. Jobless above estimates. Market rallies hard. Going to be interesting, as this is the first real progress shown. Are people trimming profits and setting up shorts again, or will a real bid come in and finally take us over the $SPY 390 major pivot level? Stay tuned...

15:54 (US) SEC's Gensler: SEC will have a key role in overseeing crypto exchanges; Investors are getting hurt in crypto markets - Crypto platforms should not be able to self-certify

Binance out of the FTX deal. Bitcoin new lows (16.3k as of writing)

Tesla: Between Elon selling another ~$4B shares and the company holding bitcoin on their balance sheet, this stock has really pulled in. If it doesn't reclaim this ~180.40 level, the next stop down isn't until ~167.50 This thing is currently getting pulled down with the sinking crypto ship.

Someone MUST be trolling that low print! @Sanrith Descartes 🤣

11:11 [FTX.IPO] Reportedly US probing company over handling of client funds and lending - press https://www.bloomberg.com/news/articles/2022-11-09/us-probes-ftx-empire-over-handling-of-client-funds-and-lending?srnd=premium&sref=9HT8lz40

10:34 [FTX.IPO] Reportedly Binance looking to scrap bailout of FTX following initial due diligence - press - Following first look at internal data and loan commitments has led Binance to strongly lean against completing the transaction Bitcoin briefly dipping under 17k

The week’s price action on TSLA has been fairly obvious that some big player(s) have been unloading shares.

Let’s not forget, energy costs have skyrocketed as well for most of the world. Quite a bit of headwinds from all approaches.

Bitcoin sub $18k Liquidations coming.

Well, Bitcoin just shit the bed again (18.4k) after the bounce on the Binance / FTX news. Took equities down with it.

Crypto volume spike

No, not calling you out specifically. Just pointing out that I have had DRIP for SPY shares without any issue at all. In case you missed the edit:

Latest DRIP shares from SPY. And the Broker statement:

@Sanrith Descartes Can you elaborate on: "The only reason to choose IVV over SPY is SPY wasnt designed to accomodate dividend reinvestment." I ask because I have SPY in my self-managed 401k and I get DRIP shares quarterly (Fidelity broker).

GOOGL has held up relatively well today vs other tech.

I went from a 10XS Max (basically a 10 Pro Max in today's terms) to a 14 Pro Max and there is a very noticeable difference to me. Screen refresh rate while scrolling is smooth as butter. The battery seems to last quite a bit longer with my avg daily use. The camera in dark environments is...

Maybe, maybe not? Apple themselves have talked about scaling back iPhone 14 production due to low demand for weeks now.