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Misc Stock Market

NQ turned red. The macro news couldn't be any worse right now...over the weekend we had China go on lockdown, more supply chain issues probably. Prediction of double digit inflation this summer.

What's really amazing is SPY is only down 12% from it's ATH's with all that has gone on the past few months. It's so difficult to take the S&P down.

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NQ turned red. The macro news couldn't be any worse right now...over the weekend we had China go on lockdown, more supply chain issues probably. Prediction of double digit inflation this summer.

What's really amazing is SPY is only down 12% from it's ATH's with all that has gone on the past few months. It's so difficult to take the S&P down.

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Knocking on that floor way too much for comfort. Maybe the Fed will have a stick save on Wednesday.
 
Apple and Tesla getting smoked PM . Amazon hanging by a thread. Does big tech finally sell off this week ?


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Apple and Tesla getting smoked PM . Amazon hanging by a thread. Does big tech finally sell off this week ?


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Elon tweeting about supply chain issues...that's not going to help. They have to deliver 1.6m cars this year and 2.5m next year. They delivered almost 1m all of last year and now will have to avg 600-700k a quarter by this time next year.
 
This is gonna drive food up big time late Summer to Fall. Fact im betting we dont plant qty we normally would, because of fertilizer prices up 500%.


“Because of the seasonal aspects of … this agriculture industry, it takes about six to nine months for the impacts felt in the impact market to really work its way through the supply chain and reach the consumer,” said Nathon Carson, head of supply chain operations for Chemical Dynamics, a multi-million dollar fertilizer supplier based in Florida servicing 12 states. “The crazy thing is, fertilizer prices for NPK, especially nitrogen, the most important nutrient, went up by about … doubled essentially in Q4 of 2021, which means we are not really going to see those impacts until this coming summer.”
 
This is gonna drive food up big time late Summer to Fall. Fact im betting we dont plant qty we normally would, because of fertilizer prices up 500%.


“Because of the seasonal aspects of … this agriculture industry, it takes about six to nine months for the impacts felt in the impact market to really work its way through the supply chain and reach the consumer,” said Nathon Carson, head of supply chain operations for Chemical Dynamics, a multi-million dollar fertilizer supplier based in Florida servicing 12 states. “The crazy thing is, fertilizer prices for NPK, especially nitrogen, the most important nutrient, went up by about … doubled essentially in Q4 of 2021, which means we are not really going to see those impacts until this coming summer.”
Yeah that's going to be a problem.
 
Apple lol
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Apple bounce right off long running support...would be shocking if it gave it up today. Usually takes multiple attempt to break something like that.

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Not sure this is going to be a thanks...I have a feeling he is going to plea for us to step in more. This and the Fed on Wednesday...I guess we buy OTM calls. ?‍♂️

 
5 big red dailys over the past week or so and still hasn't been able to take out that low from the big green daily to end Feb.

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Oil prices continue to drop rather quickly, might even get under $100 a barrel today....of course those prices that went up by 20-40 cent a day will somehow not come back down at the same rate....the local station by my house was down a whole .02 cent this morning

News like this will hopefully continue this trend


Sold my UCO call I bought last week. That didn’t work very well lol.
 
DIA/SPY/QQQ all have this building wedge into the Fed meeting.

Maybe they all breakout with Fed announcing rate hikes and QT start date. Or maybe the Fed says they want to wait until next meeting due to Russia/Ukraine.

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Large cap tech right at some big levels...if those start falling we in big trouble. And, every single time we get to do or die levels the market rips 3-4% higher....I have no idea why MSFT is up almost 2%. They are keeping up indexes with that.

TSLA: $780
AAPL: $150
FB: $186
AMZN: $2900
AMD: $100
NVDA: $210

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Tough trading...4th day in a row it's pushed below previous days low and yet it's up 1% on the day. Until it breaks out of this wedge, either direction, I probably won't do much.

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AMZN rejected the 20dema...theme across most stocks/indexes. Big gap to fill.

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Been a lot of tweets about the HangSeng Tech index...is it time to buy the dip ?‍♂️

This is China, worlds largest exporter of good I think.

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Q's bounced off the late Feb low. There is some support around $316 from last year.

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Q's order book...camped out at 2/24 low. Trying to fight it off...

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HYG

Ugly.

About all you need to know today. It was down but didn't look bothersome until the wheels came off it at 11.

You can just compare it with IWM and you'll see the similarities.

Thing that's fun is it's more likely than not showing that the Fed likely gets weak kneed at some point. If they don't mention that they're monitoring it, me thinks that they will be addressing it by May (July at the latest).
 
Bulls about to get taken to the woodshed when they buy in to the gap up at open tomorrow morning, then get crushed when we end the day 2%.

Or not, I don’t know anything. ?
Damn, I should’ve bought puts this morning. NASDAQ went from neutral to 2% down already. ?
 
Thoughts for Wednesday ? Let's say the fed moves forward with a .25 hike. What does that mean ? Market rally ?


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I’d think a 25 basis point hike is priced in and could even lead to a bit of a rally given there’s some fear of a bigger hike still, but who knows with this ? market.
 
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Nasdaq 100....you have $13k and $12300. Would love a dip buy at $12300....

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I’d think a 25 basis point hike is priced in and could even less to a bit of a rally given there’s some fear of a bigger hike still, but who knows with this ? market.
Thoughts for Wednesday ? Let's say the fed moves forward with a .25 hike. What does that mean ? Market rally ?


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Mentioned this last week....over the past 12-13 years the big market reversals to the upside have all been Fed induced with rate cuts, QE or govt stimulus. We are getting the opposite coming up and then you add on record inflation and a lunatic in Russia with his hand on the nuclear warhead button.
 
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