• Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!

Misc Stock Market

SPY engulfed yesterday's candle...last year the market would have waterfalled down hard....this year, we get late day dip buyers to keep things afloat. Or is today different....

Screen Shot 2023-03-09 at 1.26.07 PM.png
 
KyloG said:
Banks in free fall...someone know something? Credit/defaults ?

View attachment 134121
Click to expand...
Wow!

FqzJIGXaMAE3LH-
 
This is why I haven't been trading very much...just an awful day. They gapped it up...pushed it above yesterdays high for several hours this morning and then the wheels came off. This is about as bearish a chart as you can get but with jobs #'s tomorrow they are in full screw everyone mode so who knows.


Screen Shot 2023-03-09 at 4.20.43 PM.png
 
NVDA with a nasty rising wedge...they walked it down to the trendline support. A big gap down would make sense...they aren't going to let people just gracefully stop out, they could trap a lot of longs tomorrow if a big gap down occurs.

Screen Shot 2023-03-09 at 4.22.48 PM.png
 
Q's...this isn't easy. Descending triangle are typically bearish but tech has shown so much relative strength. Last year it was so weak and this year the opposite.

I have no fomo right now.

Screen Shot 2023-03-10 at 11.34.28 AM.png
 
The banks have been warned now. They better increase deposit rates quickly or they will have liquidity problems. a 5% T-Bill is just too much for people to pass up. Regional's down are having massive funding issues.

J Powell got his credit crisis. FYI keep an eye on FRC

Lastly realize if you have over the FDIC protection in the bank, you are an unsecured general creditor. Good luck to you
 
No snow for you said:
The banks have been warned now. They better increase deposit rates quickly or they will have liquidity problems. a 5% T-Bill is just too much for people to pass up. Regional's down are having massive funding issues.

J Powell got his credit crisis. FYI keep an eye on FRC

Lastly realize if you have over the FDIC protection in the bank, you are an unsecured general creditor. Good luck to you
Click to expand...
SVB had $150b+ deposits in excess of FDIC insurance limit as of end of 2022. Going to be a while for those depositors to get that money back (and it won't be 100%). Probably most companies vs individuals. Not sure how that process will work.
 
No snow for you said:
The banks have been warned now. They better increase deposit rates quickly or they will have liquidity problems. a 5% T-Bill is just too much for people to pass up. Regional's down are having massive funding issues.

J Powell got his credit crisis. FYI keep an eye on FRC

Lastly realize if you have over the FDIC protection in the bank, you are an unsecured general creditor. Good luck to you
Click to expand...
Congress is going to have to pass legislation if the contagion spreads. FDIC only has $119.4 billion in reserves.
 
Massive liquidity swipe. Good on the Fed for letting this boil over. Surprised it took this long.
 
You must log in or register to reply here.
Back
Top