Raw & uncut truth. Not investment advice and certainly not for the birds.
NYC/Boston
Joined December 2017
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The Habitual Line Stepper retweeted
I had wondered about this. I knew this was rare. Didn’t know how rare.
Friday was 8 consecutive sessions above $NYSE Mc A-D Osc 165. It’s going to be 9 the way today is going. All the makings of a lockout rally! Wild..
Why am I hedged?
Per @SubuTrade
Here’s how I see tonight playing out for S&P futures: I think they’ll rip it back up overnight and avoid a limit down scenario (which would pause trading until the open). We could easily close the gap back to ~5,580 or higher.
1/2
The Habitual Line Stepper retweeted
JUST IN: The DTCC is changing the rules of what constitutes a market ‘disruption’. The new framework allows them to ‘anticipate’ when a disruption may come and to take preventive action.
For example: shutting off the buy button when stocks that their pals at Citadel have massive short positions against begin to squeeze.
This is just another power grab that allows the DTCC to do whatever they want at the expense of the retail investor.
YIKES! Situation out here looks considerably worse than Tuesday night comments.
Book depth has evaporated.
If $NVDA & $AAPL get taken down in tandem, it could be absolutely devastating.
Put/call ratio spike further today
But the move does seem very controlled still.
👀
Love this read from @Norseman1!
I’d have to agree we’re likely very close to a short term bottom, but the readings on these breadth charts leave me to believe there’s room for one more thrust to blow people out.
Either way, gotta be a violent move in the next 24/48 hours
🔨
Love this read from @Norseman1!
I’d have to agree we’re likely very close to a short term bottom, but the readings on these breadth charts leave me to believe there’s room for one more thrust to blow people out.
Either way, gotta be a violent move in the next 24/48 hours
🔨
$SPX ST/IT/LT “TIMER”
Bull/Bear Line broke by 4 points. I must get defensive despite crazy whacked out sentiment. Rules are rules…
Looking for rally up into 5,900-5,800. Only thing that changes my mind is massive breadth. Otherwise I’m unloading my bags with the big boys up to 5,800+.
I’ll report more as I know more. We could still stab the Bull/Bear Line lower one more time here this week,… but I’m not looking to substantially go through it now. Nominal as drawn. 1-2% max. And we could very well be done going down for now. Still have 1/4 $SDS on while I read this…
@FadingRallies - think we can stretch these spread all the way open?
@ZeeContrarian1 - would love your read here as well.
🐐🙏🐐
From a positioning standpoint I’m at 50%+ cash, 50% long (high conviction names that have already gotten smoked) along with a few small put plays & VIX calls (1-3 DTE) in case we get the mega flush tomorrow.
I’d love to see the 🩸🩸🩸, but likely won’t be that easy.
🙏
Love this read from @Norseman1!
I’d have to agree we’re likely very close to a short term bottom, but the readings on these breadth charts leave me to believe there’s room for one more thrust to blow people out.
Either way, gotta be a violent move in the next 24/48 hours
🔨
The Habitual Line Stepper retweeted
Delinquencies on auto loans, credit cards and consumer loans just hit their highest levels since 2012.
As both rates and prices rise rapidly, delinquency rates are skyrocketing.
The average new car now costs $48,300, up from $37,700 just 4 years ago.
The average used car is now selling for an alarming $27,000.
In 1 month, student loan payments on $1.6 trillion of debt will resume.
People are "fighting" inflation with debt they can't afford.
Wow - This was back in October 2021
Seal Team crypto finally filing their lawsuit against $COIN
BRUTAL, but not surprising
The desperation at $COIN has gone parabolic.
You guys have really out done yourself with this one.
It's like they want Seal Team Crypto Task Force (SEC) to shut them down.
Ponzi on Ponzi
👀💣🍌
👀👀👀
$VIX all thu volume reemainz in thoze June 21 CALLZ. not Xpectin much until end of next week still. also note 170 PUT dumping
