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Misc Stock Market

KyloG said:
Rate hikes, QE ending and Fed saying they want to start QT on their $9T balance sheet is a recipe for a lot more selling than we've seen. The market is so manic right now.
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You ain't just whistlin' Dixie ... it's a recipe, already in the oven, for some very rough times ... and I'm being kind in the adjective ...


... add to that energy (or lack of it), Eastern Europe, social unrest ...
 
KyloG said:
This market is a total clown show...nothing but sell pressure all day, tech got hammered, down 4%. AMZN raises prices so it shoots up 20% and lifts tech up 2%. These are indexes and are trading like meme stocks...

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Biggest intraday swings the last couple weeks since 08'. We know how that turned out.
Made 300% on SPY puts today. Thank God I closed them. Looking at upcoming semi earnings.
 
pcbjr said:
Yup ... I have a masters in Econ and read some tea leaves ... and no big gains but no real losses on the big downturns ... and this thing is gonna pop like a balloon ...
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Im a very longterm (multidecadal) well diversified mainly passive equities investor who rarely ever tries to time the market and with only about 35% in equities. So, my equities risk isn’t overly high by any means. I have enough faith in the American economy based on many decades of records to invest that much now. The risk is low enough to allow me to sleep peacefully.
 
Storm5 said:
My Amazon $3055 2/18 calls are gonna rip face at open . I'm dumping them quickly


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Niiice. Those were about 5600 at close, unless my math is off those should be over 15k at open unless something drastic happens before open. Balls of steel buying those, even a 10% gain on earnings you probably would have been IV crushed.
 
Broken024 said:
Niiice. Those were about 5600 at close, unless my math is off those should be over 15k at open unless something drastic happens before open. Balls of steel buying those, even a 10% gain on earnings you probably would have been IV crushed.
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Jobs report tomorrow am could be ugly . Amazon might slide sub $3100 before the bell . Joe not cause I wanna dump them at open


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Broken024 said:
Eh it's back to where it was 2 weeks ago. Not that crazy.
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It is in the space of one session. It's not a penny stock. Like over the course of a month or so, sure. But a mature company like Amazon that beats lowball estimates shouldn't be up 20% after the announcement. It speaks to the mania that we're seeing across the market. Eventually will end badly.
 
Rain Cold said:
It is in the space of one session. It's not a penny stock. Like over the course of a month or so, sure. But a mature company like Amazon that beats lowball estimates shouldn't be up 20% after the announcement. It speaks to the mania that we're seeing across the market. Eventually will end badly.
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Tesla has been the same way over the last few weeks . NOT comparing the two companies . Just going off your point. Large caps have been trading like Penny stocks since the first of the year . I have penny stocks that move less than 5 percent on 150 million plus volume yet Amazon and Tesla have massive intraday swings now


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Rain Cold said:
It is in the space of one session. It's not a penny stock. Like over the course of a month or so, sure. But a mature company like Amazon that beats lowball estimates shouldn't be up 20% after the announcement. It speaks to the mania that we're seeing across the market. Eventually will end badly.
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Yea it might have just been oversold. It was at 4k a couple months ago. I do think it will continue to bleed for the foreseeable future. Hopefully for @Storm5 it opens at where it is now. If it drops down to 3k by open (still up 200+ from close) his calls will be crushed.
 
Broken024 said:
Yea it might have just been oversold. It was at 4k a couple months ago. I do think it will continue to bleed for the foreseeable future. Hopefully for @Storm5 it opens at where it is now. If it drops down to 3k by open (still up 200+ from close) his calls will be crushed.
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My luck it opens sub $3k guess we will see


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Payrolls are going to miss tomorrow, but that could turn into a bad news is good news type deal, especially if CPI starts rolling over (and although it might seem unlikely that it does since Crude has been shooting to the moon, Crude isn't the only story inflation wise).

I do expect a hike in March, but 7 in one year is going to likely be a fairy tale.

It should happen, but does it mean it will happen?
 
GeorgiaGirl said:
Payrolls are going to miss tomorrow, but that could turn into a bad news is good news type deal, especially if CPI starts rolling over (and although it might seem unlikely that it does since Crude has been shooting to the moon, Crude isn't the only story inflation wise).

I do expect a hike in March, but 7 in one year is going to likely be a fairy tale.

It should happen, but does it mean it will happen?
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Is this a riddle?
 
Jobs numbers were great, wages up....markets selling off. I still find it so odd that the markets want high unemployment...I get why...but so backwards.
 
KyloG said:
Jobs numbers were great, wages up....markets selling off. I still find it so odd that the markets want high unemployment...I get why...but so backwards.
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It is quite the conundrum. Makes Fed tightening more likely and the Fed has the stock market tightly wrapped around their finger.
 
superjames1992 said:
It is quite the conundrum. Makes Fed tightening more likely and the Fed has the stock market tightly wrapped around their finger.
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Look at the Fed's balance sheet...parabolic. They are still buying assets and still have rates at 0%...we have record inflation, close to full employment. They are going to write books on how the Fed screwed over the economy/markets....it will be a new history lesson.

$9T balance sheet....just absurd

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I thought about buying a SPY 455P expiring today back on Wednesday, but of course I didn’t because I’ve lost those gambles too much. Would’ve made bank. Oops. ?
 
Added 3 $AMZN $3k puts at $18 for today.

Edit: Sold 1 at $34, holding the other 2 with stop of $10.

Edit: Closed the last 2 at $32. I don't have the patience to watch this today and it would just piss me off if they decided to pump this after such a mediocre earnings report. But, nice little 10 min trade.
 
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added back some $AMZN puts....$3050's for $31. Added 4...this is really reckless of me but it's yolo Friday I guess.
 
Jimmy Hypocracy said:
Bought FB this morning. Goes against my ethics but tendies are tendies
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LOL, I’ll buy anything if it makes money but a bit nervous that FB could be a falling knife right now. But it might bounce back, the earnings reaction was surely overblown, just a bit nervous how tech as a whole is going to do in a rising interest rate environment.
 
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